Bearings maker SKF profit lags, sticks with sales outlook

Bearings maker SKF profit lags, sticks with sales outlook

SKF adjusted EBIT SEK 2.47 bln vs mean forecast 2.73 bln War in Ukraine, Chinese lockdowns squeeze margins CEO says market conditions normalised in June Stands by 2022 outlook for 4-8% like-for-like sales growth STOCKHOLM, July 20 (Reuters) – Sweden’s SKF (SKFb.ST), the world’s biggest maker of industrial bearings, reported quarterly earnings below market expectations on Wednesday but retained…

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Comment un composant bon marché pourrait aider à tuer les voitures à combustion

Comment un composant bon marché pourrait aider à tuer les voitures à combustion

LONDRES/BERLIN, 30 mai (Reuters) – L’humble faisceau de câbles, un composant bon marché qui regroupe les câbles, est devenu un fléau improbable de l’industrie automobile. Certains prédisent que cela pourrait accélérer la chute des voitures à combustion. L’approvisionnement de la pièce automobile a été étouffé par la guerre en Ukraine, qui abrite une part importante de la production mondiale, avec…

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Auto manufacturers scramble as Shanghai locks down

Auto manufacturers scramble as Shanghai locks down

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, US, March 16, 2021. REUTERS/Rebecca Cook Register now for FREE unlimited access to Reuters.com Register SHANGHAI, March 29 (Reuters) – Shanghai’s COVID-19 lockdown roiled auto production on Tuesday as two major suppliers joined Tesla (TSLA.O) in shutting plants to comply with measures to control the…

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Automakers idle production following Russia's invasion, other firms also scramble

Automakers idle production following Russia’s invasion, other firms also scramble

Feb 25 (Reuters) – Several companies, including automakers Volkswagen (VOWG_p.DE) and Renault (RENA.PA) and tire maker Nokian Tires (TYRES.HE), on Friday outlined plans to shut or shift manufacturing operations following Russia’s invasion of Ukraine . After invading earlier this week, Russian forces pressed their advance on Friday as missiles pounded Kyiv and authorities said they were girding…

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