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HL Corp Shenzhen sees FY 2017 net profit up 65 pct to 115 pct

Friday, 20 Oct 2017 12:20am EDT

Oct 20(Reuters) - HL Corp Shenzhen <002105.SZ> ::Sees FY 2017 net profit to increase by 65 percent to 115 percent, or to be 47.1 million yuan to 61.4 million yuan.Says FY 2016 net profit was 28.6 million yuan.The reason for the forecast is sharply increased revenue from sharing bikes business .

Wuxi Best Precision Machinery sees 2017 Q1 to Q3 net profit to increase by 5 pct to 20 pct

Friday, 13 Oct 2017 10:40am EDT

Oct 13(Reuters) - Wuxi Best Precision Machinery Co Ltd <300580.SZ> ::Says net profit for 2017 Q1 to Q3 to increase by 5 percent to 20 percent, or to be 87 million yuan to 99.4 million yuan, compared to net profit of 2016 Q1 to Q3 (82.9 million yuan).Says steady growth of business as main reason for the forecast.

Zhejiang Qianjiang Motorcycle to dissolve Wuxi-based semiconductor unit

Wednesday, 30 Aug 2017 09:57pm EDT

Aug 31 (Reuters) - Zhejiang Qianjiang Motorcycle Co Ltd <000913.SZ>:* Says it will dissolve Wuxi-based semiconductor unit .

Geely Automobile Holdings posts HY net profit of RMB4.34 bln

Wednesday, 16 Aug 2017 12:03am EDT

Aug 16 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:HY total revenue RMB 39.42 billion versus RMB 18.09 billion.HY net profit RMB4.34 billion versus rmb 1.91 billion.It is envisaged that group's exports business would continue to be operated at current restricted scale in remainder of 2017.In short to medium term, group will continue to restructure its distribution network in overseas markets.Board resolved not to pay an interim dividend to company's shareholders.Decided to revise upward our original full year sales volume target by 10 percent from 1 million units to 1.1 million units in July 2017.Targeting to reach total sales volume of 2 million units by year 2020.

Ferrari may develop utility vehicle, won't compromise exclusive status - CEO

Wednesday, 2 Aug 2017 10:51am EDT

Aug 2 (Reuters) - Ferrari Chief Executive Sergio Marchionne tells analysts on a conference call: :rules out SUV for Ferrari "you will have to shoot me first", but says can imagine utility vehicle for group in "Ferrari style".if group pushes for utility vehicle, it will be of a caliber that doesn't compromise exclusive status.Maranello plant could theoretically double production volumes but group would not push towards that if it compromises exclusivity status.expansion of vehicle portfolio will focus on developing other models that are less technologically extreme, idea is not to introduce lower-price models.approaching volume limit of cars it can sell with current portfolio without compromising exclusivity.development of luxury strategy beyond cars will take time, to brief investors in early 2018 on that strategy to 2022.

Dongfeng Electronic & Technology to dissolve sub-subsidiary

Thursday, 13 Jul 2017 05:51am EDT

July 13(Reuters) - Dongfeng Electronic & Technology Co Ltd <600081.SS> ::* Says it plans to dissolve its Chongqing-based machinery manufacturing sub-subsidiary.

Tenneco determined to undertake restructuring initiative, close its clean air manufacturing plant in O'sullivan beach, Australia

Thursday, 6 Jul 2017 04:07pm EDT

July 6 (Reuters) - Tenneco Inc ::Tenneco says on June 29, determined to undertake a restructuring initiative and close its clean air manufacturing plant in o'Sullivan beach, Australia.Tenneco inc - initiative may include additional restructuring actions with respect to company's local original equipment ride performance operations.Tenneco inc - all such restructuring activities related to initiative are expected to be completed by q1 of 2018.Tenneco inc - company expects to record total charges related to initiative of approximately $12 million in q2 of 2017 and up to $8 million in q3 of 2017.To close plant when general motors and toyota end vehicle production in Australia, which is expected to occur in October 2017.Tenneco inc - charges comprise approximately $18 million of cash expenditures and $2 million of non-cash asset impairments.

Ford ‍announces field service action to correct driveshaft issue in certain model year 2015 through 2017 transit vans

Wednesday, 28 Jun 2017 08:48am EDT

June 28 (Reuters) - Ford Motor Co ::Ford Motor- ‍announcing a field service action to correct a driveshaft issue in certain model year 2015 through 2017 transit vans - SEC filing​.Ford Motor Co - cost of the action is estimated to be $142 million and will be incurred by our North America business unit - sec filing.Ford Motor- ‍updates, if any, to guidance for full-year 2017 total co adjusted pre-tax profit will be provided in connection with earnings results for Q2 2017​.

Renault shareholders narrowly approve CEO Ghosn's pay

Thursday, 15 Jun 2017 11:45am EDT

June 15 (Reuters) - Renault SA shareholders::Approve 2017 compensation policy for CEO ghosn by 54-46 percent in binding vote at annual shareholder meeting.Approve CEO Ghosn's 2016 compensation by 53-47 pct in consultative vote.

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