The auto industry is upbeat about the road ahead, thanks to the emerging positive sentiments, pull from festive seasons and, last but not least, increasing proactive support from the government. There is a clear sense of involvement and commitment from the government and this is evident in more ways than one. At the Annual Convention of Automotive Components Manufacturers Association[Read More…]
– Chief Executive Officer and President Rodney O’Neal to retire March 1, 2015 – Chief Financial Officer Kevin P. Clark named chief operating officer, will succeed O’Neal – Mark J. Murphy named chief financial officer Delphi Automotive PLC Chief Executive Officer and President Rodney O’Neal, today announced plans to retire March 1, 2015, following a distinguished 43-year[Read More…]
T Murrali With rising competition coupled with ever increasing operating cost the challenge for any component manufacturer to stay afloat is to contain the cost of manufacturing. This is gaining significance since these issues directly hit the bottom line and may even pave the way for organisations to exit the business. However, options to contain variable costs are falling due[Read More…]
Visteon Corporation today announced first-quarter 2014 results, reporting sales of $1.98 billion and net income attributable to the company of $19 million, or $0.38 per diluted share. Adjusted EBITDA, a non-GAAP financial measure was $170 million, compared with $141 million in the same period last year. “We delivered solid financial results in the first quarter while announcing or completing key[Read More…]
