Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of 2017, despite a drop on total revenue. Full-year net income totaled US$180 million, down 6.3%.
Nemak sold 11.5 million equivalent units (MEU) in the last quarter...
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By 2021, 80% of BorgWarner's business will be electrified vehicle-related
Last week, BorgWarner Inc. reported fourth-quarter net income of US$230 million, compared to a loss of US$146.2 million in the same period a year earlier.
The Michigan-based automotive supplier posted fourth quarter revenue of US$2.57 billion, down 0.5% compared with fourth quarter 2017. Excluding ...
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French group Novares acquires Wisconsin-based manufacturer MPC, including one plant in Sonora
Novares announced the acquisition of Wisconsin-based Miniature Precision Components (MPC), a thermoplastic company that produces highly engineered plastic components and integrated modules for vehicle powertrains. The financial terms of the deal were not disclosed.
“The acquisition of MPC, with a...
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Israel-based irrigation solutions supplier Rivulis opens manufacturing plant in Guanajuato
Rivulis, an Israel-based designer y manufacturer of micro irrigation solutions, announced today that it is expanding its global footprint with the establishment of a new, state-of-the-art plant in Guanajuato, central Mexico.
Located at the Advance Puerto Interior industrial park, in the municipal...
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Schaeffler opens state-of-the-art aftermarket center in Cuautitlan Izcalli
Global automotive and industrial supplier Schaeffler celebrated the grand opening of its new, state-of-the-art Automotive Aftermarket assembly and packaging center in Cuautitlan Izcalli, State of Mexico.
The facility, known as an Aftermarket Kitting Operation (AKO), “will significantly enhance ...
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