The operating costs, service station networks, and conversion costs for compressed natural gas and liquefied petroleum gas What are the advantages of gas-powered vehicles? Both CNG and LPG powertrain systems are cheaper and more eco-friendly in cars than diesel or gasoline systems. Their combustion is comparably cleaner, reducing emissions of particulates and nitrogen oxides. Both fuels are also cheaper than gasoline[Read More…]
– Record second quarter segment operating income of $460 million – North America second quarter earnings of $208 million, record for any quarter – Europe, Middle East and Africa second quarter earnings more than double to $117 million – Second quarter tire volumes increase 3%, in line with full-year outlook – First half segment operating income of $833 million up[Read More…]
DENSO Corporation has announced its global financial results for the first quarter ending June 30, 2014: Consolidated net sales totaled 1,029.1 billion yen (US$10.2 billion), a 3.2 percent increase from the previous year. Consolidated operating income totaled 85.1 billion yen (US$839.1 million), a 16.7 percent decrease from the previous year. Consolidated net income totaled 68.8 billion yen (US$678.7 million), a[Read More…]
Business figures for the 1st half / 2nd quarter of 2014 High order intake in the second quarter EBIT margin of 8.4% in the first half of the year in line with targets 9.4% increase in order backlog since the end of 2013 At the end of the first half of 2014, Dürr is confident of achieving its full-year targets. After a strong[Read More…]
Delphi Automotive PLC, a leading global vehicle components manufacturer, has reported second quarter 2014 U.S. GAAP earnings of $1.26 per diluted share. Excluding special items, second quarter earnings increased 15% to $1.42 per diluted share. Second Quarter Highlights Include: Revenue of $4.5 billion, up 5% U.S. GAAP diluted earnings per share of $1.26, up 8% Excluding special items, earnings of[Read More…]
Continental acquires 100% ownership of joint venture Emitec and Powertrain Business Unit Fuel Supply will form the new Fuel & Exhaust Management Business Unit Operational structures to remain unchanged; Emitec brand name to continue The international automotive supplier Continental has acquired 100% ownership of the exhaust technologies specialist Emitec. Until now, it was a 50/50 joint venture with Continental and[Read More…]
Net income rises by 14.2% to €1.3 billion or €6.52 per share Sales grow 2.1% to €16.9 billion after six months EBIT at €1.8 billion Significant reduction of interest burden thanks to improved financing conditions The Continental Corporation is again increasing its earnings forecast for fiscal 2014 after a good first half-year. “We now intend to achieve an adjusted EBIT[Read More…]
Meritor, Inc., has reported financial results for its third fiscal quarter ended June 30, 2014. Third-Quarter Highlights Sales were $986 million, down $7 million from the same period last year. Net income on a GAAP basis was $234 million, compared to a net loss of $38 million, in the same period last year. Net income included $209 million from the antitrust[Read More…]
Text & Photos: T Murrali Exhaust system plays a vital role in a vehicle as it determines how clean and efficient the engine is besides ensuring better life for the vehicle. Tenneco, the global leader in designing and manufacturing of ride control and clean air products follows a combination of eco-friendly and effective manufacturing operation. Tenneco Automotive is present[Read More…]
