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Goodyear, Bridgestone join forces to form U.S. national tire distributor

Bridgestone DriveGuard

The Goodyear Tire & Rubber Company (Goodyear) and Bridgestone Americas, Inc.(Bridgestone) today announced they are forming one of the largest tire distribution joint ventures in the United States. TireHub, LLC, will provide U.S. tire dealers and retailers with a comprehensive range of passenger and light truck tires from two of the world’s ...

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TomTom reports first quarter 2018 results

Stakeholder: TomTom

Financial summary Q1 Revenue of €192 million (Q1 ’17: €213 million) Gross margin of 70% (Q1 ’17: 63%) EBITDA of €44 million (Q1 ’17: €34 million) Adjusted EPS1 of €0.10 (Q1 ’17: -€0.03) Net cash position of €129 million (Q1 ’17: €79 million) Deferred revenue position of €275 million (Q1 ’17: ...

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Valmet Automotive starts recruiting campaign of 500 carbuilders

valmet automotive logo

Valmet Automotive starts today a recruiting campaign for 500 new carbuilders. The additional personnel is needed for the production of both the Mercedes-Benz GLC SUV and the new A-Class at the Uusikaupunki plant. The applicant selection process will start immediately. The campaign is a part of Valmet Automotive’s recruiting actions ...

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Airbiquity to demonstrate OTAmatic over-the-air (OTA) software and data management solution for automotive at Hannover Messe 2018

Airbiquity logo

Airbiquity®, a global leader in connected vehicle services, will showcase its OTAmatic™ over-the-air (OTA) software and data management solution at Hannover Messe 2018, the world’s leading trade fair for industrial technology, in Hannover, Germany April 23-27. Located in the Huawei exhibit (Hall 6 – Stand D18), the company will demonstrate its ...

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Advancement of internal combustion engines and transmissions: Schaeffler is developing solutions for the volume-production segment

Stakeholder: Schaeffler Group

At the 11th Schaeffler Symposium, the automotive and industrial supplier will be presenting innovative solutions for internal combustion engines and transmissions and for their hybridization, which is becoming increasingly cost-effective. On the one hand, it is a priority to make the powertrain as a whole and its modules and components ...

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GEFCO 2017 full results: 4th consecutive year of revenue and margin growth

Luc Nadal, Chairman of the Management Board of GEFCO, said: “2017 has been another strong year for GEFCO with progression in both our revenue and profitability, reflecting the strength of our offering to customers and our ongoing drive for operational excellence.” “Our strategy continues to deliver growth, as demonstrated by ...

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