Johnson Controls reports 2017 net income growing by 13% y/y to $2.4 billion
Johnson Controls Inc has reported a growth of 13% year-on-year (y/y) in net income to $2.4 billion for the fiscal year 2017 ended 30 September 2017.Read Now
The company also reported net sales for the period up 2% y/y to $30 billion.
Schaeffler's third quarter net income up 72% to $361 million
German supplier Schaeffler has reported a growth of 72% year-on-year (y/y) in net income to $361 million during the third quarter ended 30 September 2017, the company has said.Read Now
Revenue for the same quarter stood at $3.97 billion, up 5.2% y/y.
New Lexus LS equipped with two newly developed Aisin products
The recently released 2018 Lexus LS is equipped with two newly developed Aisin products: an air suspension system and a pneumatic seat system.Read Now
The newly developed products installed in the new model are as follows:
Rapid Vehicle Height Adjustment Air Suspension System (Driving Safety field)
This product is a newly developed air suspension system that enables realisation of both the LS vehicle concept of "a low centre of gravity design that supports vehicle movement" and ease of getting into and out of the car.
The system adjusts the height of the vehicle when people get in and out, an example of Aisin "hospitality services" that offer users comfort and a pleasant experience. In this new version, it takes less time to elevate the vehicle.
By employing a "closed system" equipped with a high pressure tank, it became possible to input greater air flow into the air springs, shortening the time required to raise and lower the car height to about 1/20 that of a conventional product.
It also ensures durability over long periods of repeated operation, and reduces operating noise during height adjustment.
In addition, the shape and placement of the system as a whole has been optimised so it can be installed efficiently in a limited space.
Pneumatic Seat System (Vehicle Body field)
This product is a seat system with refreshing features as well as seated posture support/adjustment features that utilise the power of air.
The seated posture support/adjustment features include not only mechanical adjustment systems such as reclining, sliding, and lowering/raising or front/back movement of the headrest, but also pneumatic-powered adjustment of lumbar, shoulders and other parts. The combination of these achieves 28-way movement, the world's greatest number of support/adjustment movements. By incorporating these seat support/adjustment features into the seat, we offer all the support and posture maintenance users hope for, contributing to the improvement of comfort.
As a further refreshment function, we have designing pneumatically inflating bladder components that inflates with air, optimising their position and welding conditions so as to achieve better therapeutic pressing performance with compact size, light weight, and minimal operating noise.
NVIDIA Q3 net income increases 55% y/y to $838 million on higher sales
The connected car hardware and software company, which styles itself as a 'visual computing leader', expects growth momentum to continue in the fourth quarter.Read Now
NVIDIA's net income increased 55% year-on-year (y/y) to $838 million in the third quarter ended 30 September 2017, the company has said.
NVIDIA attributed the strong growth in net income to 32% y/y increase in revenue to $2.64 billion. Higher revenue also helped the company to record gross margin of 59.5%, up from 58.4% a year earlier, and operating income of $895 million, up 40% y/y.
Magna's third-quarter net income steady at $503 million despite 7% y/y sales lift
Magna's net income remained stable at $503 million in the third quarter which ended September 2017.Read Now
The Canadian supplier has said that it expects its full-year 2017 sales to be in the range of $38.3 billion – $39.5 billion.
Continental's third-quarter net profit almost doubles y/y to $860 million
Continental has reported 92.6% year-over-year (y/y) growth in net income to $860 million for the third quarter ended 30 September 2017, the German supplier said.Read Now
The company said in its report that it expects full year sales to reach $51.3 billion.
Oerlikon Drive Systems invests more than $35 million in machine tools
Leading gear and drive solutions provider Oerlikon Graziano Spa has invested more than $35 million in advanced new equipment from leading names in the machine tool industry.Read Now
Reflecting the company's ongoing drive to continuously improve technical capability, quality and cost, the investment includes machines for hard turning, grinding, hobbing for gearing solutions and the specialised machining of synchroniser parts.
Two years ago, in the midst of one of the deepest and longest recessions in the gear industry, Oerlikon Graziano took the opportunity to fundamentally review its manufacturing system and processes and launch a major capital investment programme in new equipment. The only way to remain competitive, even for a large and long-established company, is to constantly evolve to meet the changing needs of the customers worldwide. As the market recovers, the Company is already reaping the benefits of the investment plan, for example by securing major programmes from global OEMs in the truck and agricultural industry.
Oerlikon Graziano Spa primary focus is on products which are difficult to produce, with demanding engineering content such as high performance products for premium applications, often including the co-development with customers of state-of-the-art solutions. This close relationship with many customers has given the company an insight into changing market trends, such as future demand for different transmission types, which has helped to direct the priorities for the machine tool investment.
By always making use of the latest generations of machine technology, the company has said it can introduce innovative manufacturing methods and product features that help to maintain a competitive advantage for its customers. This is not limited to performance advantages; it also leads to economic benefits and higher quality levels. With the machines arranged in flexible cells, it is possible to provide the shortest and most reliable delivery times, however significantly the product mix varies.
Oerlikon Graziano's new facilities include machines to be installed throughout 2017 at the company's plants. Completion of the installation is scheduled during Q2 2018.
Faurecia takes majority stake in China-based infotainment supplier
Faurecia has announced the finalisation of the transaction whereby it has acquired a majority stake in Jiangxi Coagent Electronics Co., Ltd renamed Faurecia Coagent Electronics S&T Co., Ltd.Read Now
The joint-venture company will be dedicated to develop integrated and innovative in-vehicle infotainment solution.
An inauguration ceremony took place in Jiangxi province in the presence of Jiangxi government representatives and executives from companies.
There are strong synergies possible between Parrot Automotive and Faurecia Coagent Electronics. The two companies will be able to leverage a shared commercial and industrial strategy as well as developing a common technology offer led by the combined force of over 700 software engineers by mid-2018.
Alpine Electronics back in the black with improved sales
The Japanese supplier has reported a return to profit in 2017 and has raised its full-year 2017/18 earnings forecast.Read Now
Alpine Electronics has reported a net income of JPY2.4 billion ($21.3 million as on 30 September 2017) for the first half of 2017, ending September 30, compared to a net loss of JPY2.1 billion in the same period in 2016.
In addition, the full-year consolidated earnings forecast, which was announced on April 27, 2017, has also been revised in light of recent earnings trends and other developments.
AVL and Karlsruhe Institute of Technology join forces for drive and mobility technology development
AVL List, the development, simulation and test engineering company, and the Karlsruhe Institute of Technology (KIT) intend to form a strategic alliance.Read Now
The aim of the initiative is to pool existing activities and carry out joint research in the area of drive and mobility technologies, as well as related development technologies.
"The main purpose of the strategic collaboration between AVL and the KIT is the joint implementation of research projects, and the development of innovations and technologies, which will help OEMs meet future challenges," announced AVL CEO Prof. Helmut List.
AVL has established a new branch in Karlsruhe, which will allow the execution of larger scale projects in close cooperation with the KIT in the context of the alliance. This will make it easier to harness synergies between research and the industrial implementation, and facilitate swift technology and method transfer to processes in the automotive industry. Communication, experience exchange and work supervision are to be organised as effectively as possible.
"The KIT stands for excellent research, outstanding teaching, as well as innovations for the benefit of industry and society. Together with our partner AVL, our aim is to systematically build a bridge between scientific findings and their application in the field of mobility systems," said Professor Thomas Hirth, Vice President for Innovation and International Affairs at the KIT.
Close-knit collaboration between engineers At the centre of the cooperation are topical subject areas, such as consistent development, validation, optimisation and model-based testing methods for powertrain technologies in the context of the complete vehicle. An additional focus is on the further development of advanced driver assistance systems and systems for automated driving. The future-oriented topics are to be addressed within a tight network of KIT and AVL engineers, organised in special innovation teams.
Also known as 'The Research University in the Helmholtz Association,' the KIT creates and imparts knowledge for the society and the environment. Its aim is to make significant contributions to the global challenges of mankind in the fields of energy, mobility and information. With this in mind, roughly 9,300 employees work together across a broad range of disciplines encompassing natural sciences, engineering, economics, social sciences and the humanities.
AVL is the world's largest independent company for the development, simulation and test engineering of drive systems (hybrid, combustion engines, transmissions, electric motors, batteries and software) for passenger vehicles, commercial vehicles and large engines. AVL has more than 8,600 employees all over the world. In 2016, sales revenues reached €1.4 billion ($1.63 billion).
BENTELER and SGL Group agree to sale of BENTELER shares in the BENTELER-SGL JV to SGL Group
SGL Technologies Composites Holding, a fully owned subsidiary of SGL Carbon SE, has acquired the 50% share of BENTELER Carbon Composites Beteiligungs in the joint venture BENTELER-SGL, Paderborn.Read Now
Thus, SGL Carbon SE becomes the sole owner of the company. A corresponding agreement on the sale, which should be completed by the end of 2017, has been signed by the two shareholders today. The transaction is subject to the usual approval of the relevant authorities.
The agreement is the result of an in-depth analysis of the business portfolios of both companies. For both BENTELER and SGL Group, focus on their core competencies is key part of their respective strategies.
The BENTELER-SGL joint venture was founded in 2008. Today, it is considered one of the leading developers and large-scale producers of lightweight composite components (based on fibreglass and carbon fibres) for the automotive industry. In 2016, the joint venture generated sales revenues of around €33 million ($38.4 million) with a workforce of 221. Its product range includes components such as car roofs, rear spoilers, and leaf springs made from fibre composite materials. Manufacturers such as Audi, BMW, Lamborghini, Porsche and Volvo (Volvo spring pictured) are among its customers.
Following the acquisition, the company's two sites in Ried and Ort (both located in Austria's Innkreis region) will become part of the Composites – Fibers & Materials (CFM) business unit and will operate under the SGL Group brand. In the CFM business unit, the SGL Group already has strong development and production expertise with regard to fibres, especially for acrylic fibres, oxidised fibres, carbon fibres, and fibre composites. The acquisition of BENTELER-SGL will expand its expertise in the serial production of components. It complements the establishment of the Lightweight and Application Center (LAC) in Meitingen, which was launched in 2016. At the LAC, products and associated manufacturing processes are developed for lightweight components that are suitable for serial production.