Newswire

  • Newswire

    BRIEF-Grammer expects 2015 EBIT to drop by 15 million euros  

    July 30 (Reuters) - Grammer Ag * Says EBIT after six months lower than last year due to weak demand for commercial vehicles * Says operating profit for full year adjusted due to sharp decline in commercial vehicle market * Says revenue forecast for 2015 confirmed. * Says H1 6 percent increase in revenue over previous year to eur 710.2 million (2014: 669.6) * Says earnings before interest and taxes (ebit) came to eur 24.6 million, thus falling short of previous year (30.9)...More
  • Newswire

    Researcher says can hack GM's OnStar app, open vehicle, start engine  

    By Jim Finkle and Bernie Woodall BOSTON/DETROIT, July 30 (Reuters) - A researcher is advising drivers to halt the use of a mobile app for General Motors Co's OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to remotely unlock cars and start engines. "White-hat" hacker Samy Kamkar posted a video on Thursday saying he had figured out a way to "locate, unlock and remote-start" vehicles by intercepting communications between the OnStar RemoteLink mobile app and the OnStar service....More
  • Newswire

    EU mergers and takeovers (July 30)  

    BRUSSELS, July 30 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Investment fund Apollo Management L.P. to acquire Saint-Gobain Emballage, Saint Gobain Vicasa S.A., Saint Gobain Vidros and Obale, with the group known as Verallia (approved July 30) -- U.S. drugmaker Mylan to acquire U.S. peer Perrigo (approved July 29) NEW LISTINGS...More
  • Newswire

    BRIEF-S&P's says may raise Fiat Chrysler's rating  

    July 30 (Reuters) - Rating agency Standard & Poor's says: * Revises outlook on Fiat Chrysler Automobiles' (FCA) rating to positive from stable * May raise Fiat Chrysler's corporate credit rating by one notch to 'BB' within next 12 months * It would raise rating if FCA removed remaining contractual restrictions limiting free flow of cash between FCA and its U.S. subsidiary...More
  • Newswire

    BRIEF-Michelin says buys Meyer Lissendorf  

    July 30 (Reuters) - Michelin Sca * Says has acquired 100% of meyer lissendorf, a major tyre wholesaler in germany Further company coverage:...More
  • Newswire

    BRIEF-FCA can survive if U.S. industry car sales drop to 14-15 mln/yr - CEO  

    July 30 (Reuters) - Fiat Chrysler CEO Sergio Marchionne says: * carmaker can "survive" if U.S. industry vehicle sales drop to 14-15 million year * company has made plans to deal with what it expects in future recall costs * cannot predict how many U.S. recalls will hit company in future Further company coverage: (Reporting by Milan newsroom)...More
  • Newswire

    BRIEF-Fiat Chrysler CEO: no "immediate plans" to sell Magneti Marelli, may in future  

    July 30 (Reuters) - Fiat Chrysler CEO Sergio Marchionne says: * there are "no immediate plans" to divest components maker Magneti Marelli, there may be plans "in future" * sees company breaking even in Brazil by end of the year * to launch Maserati Levante SUV in first half of 2016 * wants to narrow gap in labour costs with Ford, GM in ongoing labour talks...More
  • Newswire

    UPDATE 1-Fiat Chrysler reports robust quarter, narrows gap with U.S. rivals  

    (Adds details, New York trading) MILAN/DETROIT, July 30 (Reuters) - Fiat Chrysler Automobiles (FCA) reported robust growth in North American profit in the second quarter Thursday and boosted its full-year forecast, as the world's seventh-largest carmaker narrowed the gap with its bigger U.S. rivals. Trading in the Milan-listed shares of FCA was briefly halted due to excessive gains. Shares were up 4.6 percent at 9:46 a.m. ET (1346 GMT). In New York, shares were up 4.2 percent at $15.13....More
  • Newswire

    UPDATE 1-Delphi net income rises in second quarter, revenue falls  

    (Adds detail on acquisitions, adjusted income, revenue outlook, share buyback) By Paul Lienert DETROIT, July 30 (Reuters) - Auto parts supplier Delphi Automotive Plc said on Thursday that second-quarter net income rose but revenue fell as a stronger dollar and a weaker euro hurt overseas results. The company also announced several transactions aimed at bolstering its presence in connected cars and automated driving....More
  • Newswire

    UPDATE 1-BorgWarner profit, sales miss estimates; cuts 2015 forecast  

    (Adds CEO comment, profit margin figures, detail) By Bernie Woodall DETROIT, July 30 (Reuters) - Automotive supplier BorgWarner Inc missed Wall Street expectations of second-quarter profit and revenue, the company said on Thursday, as a stronger U.S. dollar made its products more expensive overseas and eroded its bottomline. Net earnings of $148.1 million, or 65 cents per share, were 22 percent lower than a year earlier for the maker of fuel-saving turbochargers and emissions systems....More
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