Webasto at the IAA Commercial Vehicles Show: New transport refrigeration systems and high-voltage heaters At the IAA Commercial Vehicles Show in Hanover, Webasto is presenting a wide-ranging portfolio for light commercial vehicles and trucks under the slogan “Heating and cooling from a single source”. The booth is located on Stand B22 in Hall 12 from September 25 to October 1,[Read More…]
Financial performance Sales of $2.04 billion ($1.78 billion excluding discontinued operations) Record quarterly adjusted EBITDA of $193 million ($175 million excluding discontinued operations) Cash from operations of $31 million Continued progress under comprehensive shareholder value creation plan Reached agreement to sell majority of interiors business Completed acquisition of Johnson Controls’ electronics business on July 1 Completed HVCC acquisition of thermal[Read More…]
Orders received rise 17.6 percent to EUR 1,185.7 million in H1/14 Sales revenues up 10.9 percent to EUR 968.6 million in H1/14 New quarterly record for sales revenues: EUR 506.1 million in Q2/14, up from EUR 437.5 million in Q2/13 EBIT margin for H1/14 at 6.3 percent EBIT margin improves from 6.6 percent in Q2/13 to 6.7 percent in Q2/14 Earnings after taxes for[Read More…]
Ford Motor Company today announced details on new development techniques used to create its all-new Mustang and F-150, originating with the automaker’s suppliers. As Ford embarks on its most aggressive product launch year to date, with 23 launches globally – 16 in North America – the company is looking to its suppliers to help differentiate its products in the global[Read More…]
ACMA’s first Aerospace & Defence Summit stresses the need to review policy, develop infrastructure and promote collaboration With an objective to build local manufacturing capabilities and develop the Aerospace & Defence supply ecosystem in the country, the Automotive Component Manufacturers Association of India (ACMA) organised the first Aerospace and Defence Summit to understand and address the Opportunities & Challenges in[Read More…]
Text: T Murrali The auto industry and the auto components industry in particular are saddled with several issues ranging from fluctuating cost of inputs, increasing operating cost, lack of steady policy, unfavourable economy, etc. Irrespective of the situation they have to maintain the key parameters such as quality, cost and delivery as their customers’ (OEMs) customers have been very[Read More…]
Text: T Murrali Mumbai headquartered Shree Jay Jagdamba Stainless Steel Ltd (SJJSSL) is planning to expand capacity as it expects to utilise the installed capacity of 4,500 tonne fully by 2015. The company is also planning to foray in to forgings later. SJJSSL makes stainless steel, carbon steel, alloy steel billets, hot rolled bars, bright bars, threaded bars and[Read More…]
Jamshedpur-based sheet metal fabricating company – Highco Engineers Private Limited is looking at expanding its product portfolio to enable it to strike a balance during the slowdown in future. The company has taken a decision to get in to those non-automotive segments that are not affected much by the cycles of slowdown. Speaking to Auto Components India, the Executive Director and CEO of Highco Engineers, Tapas K Sahu[Read More…]
August 2014 Subscription Form Online Subscription Challenges Continue . . Dust generated by deliberations on the Union Budget has settled down more than a month ago. However, it warrants a mention now since the Budget was pragmatic with adequate focus on development of the manufacturing industry, especially the micro, small and medium enterprises, though bereft of any big announcement. Extension[Read More…]
Text: J Srikant JBM group, one of the leading Tier-1 component suppliers to both Indian and global manufacturers, is readying itself to meet the demand from the Commercial Vehicle (CV) market when it wakes up from hibernation; hints of this have already started appearing in the marketplace.For the first time in two years, sales in the heavy commercial vehicle[Read More…]
