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Nexteer Automotive announces new production facility in Morocco

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Nexteer Automotive announces a new production facility in Kenitra, Morocco. Initially, Nexteer will use the facility for manufacturing Single Pinion-assist Electric Power Steering (SPEPS) systems and plans to extend manufacturing to driveline products in the future. The new 18,000 m2 facility will be the company’s first in Africa and is ...

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Visteon announces strong 2017 results

Visteon

Visteon Corporation (NASDAQ: VC) today announced full-year 2017 results, reporting net income attributable to Visteon of $176 million, or $5.47 per diluted share, including $14 million of restructuring expenses and $31 million of other net expenses, partially offset by $17 million of net income associated with discontinued operations. Full-year sales ...

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Continental plans new Hungarian plant in Debrecen

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The technology company Continental announced the construction of a new manufacturing plant in Hungary to expand its automotive electronics production footprint. Continental currently has six plants and a tire sales and logistic center in Hungary. By choosing Debrecen as the seventh Hungarian location, Continental is increasing the production of electronic ...

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Bridgestone is back for Geneva International Motor Show 2018

Bridgestone, the world’s number one tyre and rubber company[1], is returning for the 88th Geneva International Motor Show in Switzerland, from 8th to 18th March, with an impressive display of innovative mobility solutions, including their latest products for passenger cars. Bridgestone and Firestone booth: Hall 6 – Stand 6253 New ...

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Infineon: Annual report 2017

Infineon continued to grow during the 2017 fiscal year. Revenue increased by 9 percent. Segment Result increased to €1.208 billion, corresponding to a margin of 17.1 percent. Thus, the profitability target, which we raised at the beginning of the fiscal year, has been achieved earlier than expected. Letter to shareholders ...

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