News Releases
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Lear Declares Quarterly Cash Dividend
Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share on the Company’s common stock. The dividend is payable on December 26, 2012 to shareholders of record…
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Fisker To Establish New Technical Center In Preparation For Next Stage Of Atlantic Development
Fisker Automotive, the world’s leading manufacturer of luxury Electric Vehicles with extended range (EVer™), today announced plans to establish a new Technical Center in the Midwest, with South Eastern Michigan as one of the potential locations – paving the way for ongoing development of its second model line, the Fisker…
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GM Chairman Dan Akerson strengthens commitment to Opel
The GM Chairman and CEO, Dan Akerson, attended an all-employee meeting of the Adam Opel AG at its headquarters in Ruesselsheim (Germany). Several thousand members of staff gathered in the K48 hall to receive first-hand information. In addition, Akerson addressed their questions about the situation of the company and the…
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BorgWarner Appoints James R. Verrier Chief Executive Officer
The BorgWarner Board of Directors today announced the appointment of James R. Verrier, 49, to president and chief executive officer effective January 1, 2013, at which time he will also join the Board of Directors. Effective on the same date, current chairman and chief executive officer, Timothy M. Manganello, 62,…
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Tata Motors Group global wholesales grows by 6%
The Tata Motors Group global wholesales, including Jaguar Land Rover, were 100,660 nos., in October 2012, higher by 6% over October 2011. Cumulative wholesales for the fiscal were 679,051, higher by 7%, compared to the corresponding period in 2011-12. Global wholesales of all commercial vehicles – Tata, Tata Daewoo and…
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Novelis Breaks Ground On First Aluminum Auto Sheet Plant In China
Novelis, the world leader in aluminum rolling and recycling, officially broke ground today on the company’s first aluminum manufacturing plant in China. The $100 million investment is designed to meet the rapidly growing demand for rolled aluminum used in the design of a new generation of lighter, more fuel-efficient vehicles.…
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Class-Leading DAB Radio Capability Across The BMW Range
BMW is to offer DAB radio as standard across its entire range from January 2013. The move sees the marque establish a marked lead in the switch over to digital radio compared to its competitors and comes soon after it offered owners of older BMWs the chance to upgrade their…
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Pioneer Presents First Wave Of 2013 In-Dash Multimedia Receivers
Pioneer Europe kicks off its 2013 in-dash audio video product line-up with four new double DIN multimedia receivers that feature expanded smartphone integration, larger WVGA touch screen displays and a set of features developed to match today’s music-listening trends, including iPod Direct and Android media connectivity, Bluetooth1 hands-free and audio…
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Volkswagen Commercial Vehicles Deliveries Up By Five Percent Worldwide In October
From January to October, the Volkswagen Commercial Vehicles Brand delivered 455,400 urban delivery vehicles, transporters and pickups to customers all over the world. Compared to the corresponding period last year (January – October 2011: 433,700) this represents an increase of five percent. Amarok deliveries achieved 22.5 percent growth, to 66,500…
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Eicher Sells 3,945 units in October 2012
The following are the key highlights for October 2012 For the month of October, Eicher branded trucks and buses have recorded sales of 3,945 units which is 6.2% lower than Oct 2011 sales. The YTD 2012 sales of Eicher branded trucks and buses stand at 40,665 units as compared to…
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Linamar Posts Another Strong Quarter In Sales and Earnings Growth And Continued Margin Improvement
Sales increase 6.6% over the third quarter of 2011 (“Q3 2011”) to reach $773.4 million; Net earnings up 56.8% over Q3 2011 to reach $33.7 million; EPS is up 57.6% over Q3 2011 to reach $0.52; New business wins continue to be strong, launch book at close to $2.4 billion;…
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ZF Inaugurates New Plant in Rayong
ZF Friedrichshafen AG is further expanding its presence in the Region of Asia-Pacific: The automotive supplier officially inaugurated its new plant inRayong, Thailand, on Tuesday. The regional subsidiary ZF Lemforder (Thailand) Co. Ltd. will be manufacturing axle systems for passenger cars at the facility. ZF has had a presence in…
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Vianor And Wissol Group To Start Co-operation In Georgia
Nokian Tyres plc has signed a co-operation agreement with the conglomerate Wissol Group concerning the expansion of the Vianor retail chain in Georgia. With this agreement, Wissol Group’s 15 existing “AutoExpress” retail outlets will be Vianor branded. In the future, the chain will also be further developed and expanded under…
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