NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Auto parts supplier Delphi Automotive Plc said on Thursday that second-quarter net income rose but revenue fell as a stronger dollar hurt overseas results. Delphi earned $667 million on sales of $3.86 billion in the second quarter. Net income included an after-tax gain of $285 million on the sale of…

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Troubled Italian car designer Pininfarina (PNNI.MI) is still hoping to clinch a sale to Indian vehicle maker Mahindra and Mahindra (MAHM.NS) but has begun drafting a stand-alone business plan as its financial position worsens. Pininfarina forecast on Thursday a full-year operating loss and said it did not expect to be…

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Japanese automaker Honda reported Friday a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive air bag recall. Honda Motor Co.'s April-June net profit totaled 186 billion yen ($1.5 billion), up from 155.6 billion yen the same…

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A fund run by U.S. private equity firm Blackstone Group has sold its 97.9 percent stake in Indian auto components maker Agile Electric Sub Assembly to a group of buyers, including Japan's Igarashi Electric Works, for an undisclosed amount. The other buyers are Indian investment bank MAPE Securities and two…

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Delphi Automotive Plc said it will buy UK's HellermannTyton Group for about 1.07 billion pounds ($1.67 billion) to expand its electrical architecture business. The deal will help capitalize on the connected car megatrend and will add 15 cents to its earnings per share starting 2016, the auto supplier said. "HellermannTyton…

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Volkswagen AG, the world's No. 1 automaker, will offer automatic braking and other crash avoidance systems as standard or optional features on most 2016 models sold in the United States beginning later this year, the company said on Wednesday. Volkswagen said it will offer systems that can bring a car…

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CIE Automotive SA H1 net profit 68.8 million euros ($75.4 million) versus 39.5 million euros year ago. H1 net sales 1.34 billion euros versus 1.06 billion euros year ago. H1 EBITDA 187.0 million euros versus 140.4 million euros year ago. Net financial debt 790.4 million euros at end-June versus 507.5…

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Fiat Chrysler Automobiles NV will face a shortage of new products in North America over the next 18 months, especially hot-selling trucks and crossover vehicles, according to three sources familiar with the company's plans. While the Italian-American automaker said it will bring three new sports models from Italy to the…

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General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. The investment is part of GM's plan to invest $5 billion over several years…

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Five years after their strategic cooperation was established, Daimler and the Renault-Nissan Alliance have significantly expanded their collaboration with the start of a manufacturing joint venture in Aguascalientes in central Mexico. The new business entity COMPAS (Cooperation Manufacturing Plant Aguascalientes) is 50:50 owned by Daimler and Nissan. The partners will…