SKF's Q3 net income drops 22.7% y/y to $128 million

Nov 2, 2017    Tier Suppliers

The Swedish supplier expects demand for its products to remain high in fourth quarter as the automotive business has continued to strengthen its adjusted operating margin, which was 7.6%, driven by increased volumes and cost control.

Valeo ties up the acquisition of actuator maker FTE Automotive

Nov 2, 2017    Tier Suppliers

The French automotive supplier has now received clearances from the European Commission and the Turkish Competition Authority to complete its acquisition of FTE Automotive.

Cooper-Standard's Q3 net income declines 32% y/y despite higher sales

Nov 2, 2017    Tier Suppliers

Cooper-Standard's net income declined 32.2% year-over-year (y/y) to $24.6 million in the third quarter which ended September 30, 2017, the US-based automotive supplier has said.

Bearing maker NSK breaks ground for new building at Haruna plant in Japan

Nov 2, 2017    Tier Suppliers

President and CEO, Toshihiro Uchiyama recently held a groundbreaking ceremony for Building No. 3 at the Haruna plant (Takasaki, Japan).

Cummins reports third quarter 2017 results – with engines leading the way

Nov 2, 2017    Tier Suppliers

Third quarter revenues of $5.3 billion increased 26% from the same quarter in 2016, revenues in North America increased 25% due to higher demand in truck, oil and gas and construction markets.

Akebono's high performance brakes chosen for new Volvo Polestar 1 hybrid

Nov 2, 2017    Tier Suppliers

Akebono Brake Industry has announced that its 6-pot calipers and disc brake pads are used at the front of the Polestar 1, the Electric Performance Hybrid coupe of Polestar, Volvo Car Group's performance brand.

EDAG Engineering to develop driver assistance systems for BMW

Nov 1, 2017    Tier Suppliers

EDAG has received one of its most important orders, from BMW, to develop and secure driver assistance systems.

Dana builder axle programme fits new Dana 60 axles to many applications

Nov 1, 2017    Tier Suppliers

Dana Incorporated has announced that it will be offering a Builder Axle programme to allow the inclusion of a new Dana 60 axle, with numerous upgrades, into a wide range of applications.

Cooper Tire's Evolution H/T wins new product award at SEMA show

Nov 1, 2017    Tier Suppliers

Cooper Tire's newest highway tire for crossover vehicle (CUV), sport utility vehicle (SUV) and pickup truck drivers has been named a New Product Award winner in the tire and related product category at the Specialty Equipment Market Association (SEMA) show in Las Vegas.

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