BKT Tires Puts Plans For U.S. Plant On Hold
In its first quarter earnings report, the India-based tiremaker cited “difficult macroeconomics” and “volatile climate conditions” which led to the business’ uncertainty about the project and led its Board of Directors to put the project on hold.
Uni-Select Reports 2019 Second Quarter Financial Results
Consolidated sales of $456.2 million for the second quarter, when compared to the same quarter last year, were affected by a foreign currency conversion impact amounting to $11 million or 2.4%, as well as by the impact of a different number of billing days of $3.9 million or 0.8%.
Deloitte Study: Billions In Opportunity, Growth Remain For Auto Suppliers Despite Futuristic Disruption
Four disruptive mega-trends – shared mobility, electrification, technology convergence and new market entrants — are driving the transformation of the automotive value chain and causing many senior leaders to entirely rethink their businesses as the future of mobility takes shape.
LKQ Corp. Reports $3.25B In Revenue For 2nd Quarter
The company said net income for the second quarter of 2019 was $150 million, a decrease of 4.2% year-over-year.
Arnott Introduces New Rear Air Spring For 2013-2019 Cadillac XTS
The air springs are assembled with Tier 1 components including heavy-duty crimp rings, high-impact resin top and piston and a new 4mm air line fitting for a fast installation. The universal air spring fits the left or right side of the vehicle.
Automotive Interior Materials Landscape Set To Witness Innovations Centered At Customization And Sustainability, Says PMR Report
The automotive interior material market is being driven by the notable rise in the demand for ‘green’ materials to maintain sustainability in the environment. In addition, the increasing demand for connected, autonomous and electric vehicles will spur several manufacturers to create custom innovative interiors based on the consumers’ demand.
Does China’s 12-Month Losing Streak In Auto Sales Signal Slowing Growth In World’s Largest Auto Market?
IHS Markit says it expects light-duty vehicles sales in China this year to decline by around 6 percent from 2018. Electric vehicle sales remain a bright spot but not enough to offset sales declines overall, new analysis says.
Lear Revises Full-Year 2019 Outlook, Reports Preliminary 2nd Quarter 2019 Results
The company indicated that its financial results in the first half of 2019 were negatively impacted by continued declines in industry production volumes and other macroeconomic headwinds, including continued weakening of global currencies against the U.S. dollar.
PPG Reports 1st Quarter 2019 Financial Results
The company reports net sales of approximately $3.6 billion.
Global Shared Mobility Market Is Expected To Reach $138.7 Billion By 2023
Lucintel forecasts that the car-sharing and bike-sharing segment will show above-average growth during the forecast period.
