News: Automotive equipment

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2008

 

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HALDEX TO DIVEST GARPHYTTAN WIRE

12/25/2008 2:05 AM EST  -   Haldex
• Haldex has reached an agreement with Suzuki Metal regarding a sale of Garphyttan Wire

• The purchase price amounts to SEK 800m on a cash and debt free basis
Haldex AB (“Haldex”) has today reached an agreement with Suzuki Metal Industry Co., Ltd. (“Suzuki Metal”), a Japanese manufacturer of steel wire, to divest its division Garphyttan Wire. The purchase price, which will be paid in cash, is estimated to...

Order for 235 Volvo buses to Australia

12/23/2008 4:00 AM EST  -   Volvo
Volvo Buses has received an order for 235 city buses to Sydney and Brisbane, Australia. In addition, there could be another 250 buses to Brisbane in the years ahead.
Volvo Buses holds a strong position in New South Wales in which Sydney, Australia’s largest city, is located. This is the sixth time since 2002 that Volvo has succeeded in public tenders to secure contracts with the customer State Transit Authority...

Deterioration in market conditions requires revision of sales and profit outlook

12/19/2008 2:30 AM EST  -   Haldex
Due to the rapid decline in market conditions since mid-November, Haldex will not achieve its earlier communicated targets for sales and operating profit* for 2008.
Haldex’s interim report, published on October 24, included an assessment that sales and operating profit* would rise in 2008 compared with 2007.

Haldex’s assessment is now that sales for the current year will amount to SEK 8.3 billion, and that...

AB Volvo won tax case in County Administrative Court

12/17/2008 8:00 AM EST  -   Volvo
The County Administrative Court in Göteborg, Sweden has ruled in AB Volvo’s favor in a tax case pertaining to a deduction claimed in 2003 related to a loss on a receivable due from the British subsidiary BRS. The ruling will result in AB Volvo reporting a positive tax effect of about SEK 180 M plus interest, a total of about SEK 200 M.
The positive effect on earnings will be recognized in AB Volvo’s accounts...
Dr. Wolfgang Ziebart
 

Autoliv Reduces Dividend, Elects New Director and Announces shareholder AGM

12/16/2008 12:50 PM EST  -   Autoliv
(Stockholm, December 16, 2008) – – – The Board of Directors of Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb) – the worldwide leader in automotive safety systems – today announced a decrease in its quarterly dividend to shareholders due to the financial turmoil and market uncertainty. The dividend per share will be 21 cents in the first quarter of 2009. The Board also elected Dr.-Ing. Wolfgang Ziebart as a new member on...

Kongsberg Automotive Holding ASA - Financial Calendar 2009

12/16/2008 7:00 AM EST  -   Kongsberg Automotive Holding ASA
Kongsberg, 16 December 2008.

Please find financial calendar for 2009 below:


+------------------------------------------------------------------+
| | Interim Reports | Presentation |
|------------------+-----------------------------+-----------------|
| | | |
|------------------+-----------------------------+-----------------|
| 4th Quarter 2008 | Evening the 5th of February | 6th of February...

Truck deliveries November 2008

12/16/2008 2:30 AM EST  -   Volvo
Total deliveries from the Volvo Group’s truck operations in November amounted to 19,326 vehicles which is a decrease of 21%, compared with the year-earlier period. During the fourth quarter, the Group is forced to continuously take stop days and stop weeks in production to avoid inventory build-up of trucks.
Please see the attached file for the full report.

December 16, 2008

Reporters who want more...

Kongsberg Automotive receives MNOK 70 order in the South American Truck Market

12/15/2008 7:00 AM EST  -   Kongsberg Automotive Holding ASA
Kongsberg Automotive (KA) has won further new gearshift business with
a leading truck manufacturer in South America, valued at MEUR 7,5 /
MNOK 70. Contract term is 5 years, starting with initial deliveries
from the company's Jundiai facility in Brazil already in 2009.

"This is a strategically important contract with one of the key
players in the emerging South American market for commercial
vehicles", says Bård...

Kongsberg Automotive Announces Restructuring of North American Operations

12/13/2008 7:00 AM EST  -   Kongsberg Automotive Holding ASA
Supplier announces facility Changes

Kongsberg, Norway, Dec. 13, 2008 - Kongsberg
Automotive, a global supplier of automotive,
commercial and industrial products, today announced
that they are restructuring their production
operations in North America.

Production at their Van Wert, Ohio facility will be
transferred to our Nuevo Laredo, Mexico facility.
This closure will affect approximately 105 jobs...

Autoliv Adjusts Guidance - Accelerates Action Program

12/12/2008 6:30 AM EST  -   Autoliv
(Stockholm, December 12, 2008) – – – Autoliv Inc. – the global leader in automotive safety systems – today announced being ahead of schedule in reducing costs. However, the reductions in global light vehicle production for the current quarter will be significantly worse than previously anticipated. Consequently, the Company is adjusting its financial guidance.
Autoliv’s margin performance in October and...