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Cummins and JAC Motors form joint venture partnership

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Cummins Inc. (NYSE: CMI) and Anhui Jianghuai Automobile Co. Ltd. (JAC Motors) (SH: 600418) announced today that the two parties will form a 50:50 joint-venture after Cummins purchased Navistar’s 50 percent equity of the JAC-Navistar Diesel Engine Company (JND). “I am delighted that Cummins is expanding our long-term relationship with JAC Motors, one of the most ...

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Qualcomm extends cash tender offer for all outstanding shares of NXP

Qualcomm Incorporated (NASDAQ: QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI). The tender offer is being made ...

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Renesas Electronics reports first quarter 2018 financial results


Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today reported financial results for the first quarter ended March 31, 2018 (January 1, 2018 to March 31, 2018). “We have been continuously improving our gross and operating margins by pursuing sales growth and cost efficiency”, said Bunsei ...

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Magna announces record first quarter results

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Magna International Inc. (TSX:MG) (NYSE:MGA) today reported financial results for the first quarter ended March 31, 2018. “We had a strong start to the year, reporting record first quarter results and increasing our outlook for sales and earnings. We continue to position Magna for the emerging mobility ecosystem as demonstrated by the ...

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