More than 30 per cent of the vehicles sold in India will run on electricity by 2030, shows a study by Arthur D. Little (ADL). The study, which focuses on India’s EV industry, estimates that the sector will cross-sell 10 million vehicles by 2030, with an overall adoption rate of more than 30% across various vehicle categories. However, EV adoption for[Read More…]
Record third quarter segment operating income of $520 million, up 21% Record North America third quarter earnings up 30% to $210 million Europe, Middle East and Africa third quarter earnings up 57% to $181 million Year-to-date segment operating income of $1.4 billion, up 17% Company expects 2014 earnings growth near high end of 10% – 15% range Company reaffirms 2014-2016[Read More…]
Delphi Automotive PLC, a leading global vehicle components manufacturer, today reported record third quarter 2014 U.S. GAAP earnings of $1.02 per diluted share. Excluding special items, third quarter earnings increased 20% to $1.16 per diluted share. Third Quarter Highlights Include: • Revenue of $4.1 billion, up 3% • U.S. GAAP diluted earnings per share of $1.02, up 17% ◦ Excluding[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…]
TRW Automotive Holdings Corp. the global leader in active and passive safety systems, has reported second quarter 2014 financial results with sales of $4.6 billion, an increase of 2% compared to the prior year period (up 8% excluding the effect of businesses exited). The Company reported GAAP second quarter net earnings of $265 million or $2.27 per diluted share, which compares to net earnings of $248[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…]
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…]
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…]
