UK: Auto business boosts GKN Q3 results

GKN’s automotive business proved a key growth driver in overall Group performance in the third quarter. At the Driveline business, third-quarter sales rose 10% year-on-year to £672m (US$1.06bn). Trading profit increased by 15% to £46m at a margin of 6.8% before incurring £1m of acquisition costs associated with Getrag Driveline Subscribe to Automotive World to … Continued

• By Webmaster
• October 20, 2011