All Entries in the Category : Auto/Trans

Continental buys Elektrobit’s automotive division

May 19 Germany’s Continental AG has bought Elektrobit Oyj’s automotive division for 600 million euros ($677.5 million) to broaden its product range as demand for electronic components and software in cars grows.

: Auto/Trans

Automotive, electronics spark Japan to record profits

TOKYO — Manufacturers’ resurgent earnings have propelled corporate Japan to its most profitable year ever, surpassing the high-water mark reached just before the global financial crisis.

: Auto/Trans, Consumer, Telecom, Wearables

Bourns Automotive moves to Taufkirchen/Munich

Bourns’ German automotive division operations have moved to Taufkirchen/Munich, Germany.

: Auto/Trans

GM to suppliers: Let’s see books, not bids

General Motors has launched a parts-buying program that forgoes conventional supplier bidding.

Instead, GM inspects suppliers’ factories and analyzes their internal cost data.

: Auto/Trans

Tesla Makes First Acquisition

Electric car maker Tesla Motors has made its first acquisition, adding a Michigan tool-and-die maker as it ramps up to build more models.

: Auto/Trans

Stoneridge Reports First-Quarter 2015 Results

Stoneridge, Inc. (NYSE: SRI) today announced financial results for the first quarter ended March 31, 2015.

: Auto/Trans |

Visteon Announces First-Quarter 2015 Results

Visteon Corporation (NYSE: VC) today announced first-quarter 2015 results, reporting sales of $2.03 billion and net income attributable to Visteon of $50 million, or $1.10 per diluted share. Adjusted EBITDA, a non-GAAP financial measure as defined below, was $189 million, compared with $161 million in the same period last year.

: Auto/Trans