Auto, Truck & Motorcycle Parts

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Alpine Electronics subsidiary to set up joint venture with Neusoft and Shenyang FullRich Enterprise Management Center(Limited Partnership)

3:00am EDT

Alpine Electronics Inc:Says subsidiary ALPINE ELECTRONICS (CHINA) CO.,LTD to set up joint venture in Shanghai, China with Neusoft and Shenyang FullRich Enterprise Management Center(Limited Partnership), planned in August.Subsidiary's joint venture named Neusoft Reach Automotive Technology (Shanghai) Co.,Ltd. and with registered capital of 384.6 mln yuan (about 7,615 mln yen).Neusoft Corporation, ALPINE ELECTRONICS(CHINA) and Shenyang FullRich Enterprise Management Center(Limited Partnership) to hold 41 pct, 39 pct and 20 pct stake in their JV respectively.

Alpine Electronics amends consolidated mid-year and full year outlook for FY 2016

3:00am EDT

Alpine Electronics Inc:Says the company amended the consolidated mid-year outlook for the FY ending March 2016.Confirmed the revenue at 141,000 million yen.Confirmed the operating profit forecast at 4,500 million yen.Confirmed the ordinary profit forecast at 4,500 million yen.Net profit forecast increased to 15,000 million yen from 3,000 million yen.Earnings per share forecast increased to 217.41 yen from 43.50 yen.Says the company amended the consolidated full-year outlook for the FY ending March 2016.Confirmed the revenue at 285,000 million yen.Confirmed the operating profit forecast at 10,000 million yen.Confirmed the ordinary profit forecast at 10,500 million yen.Net profit forecast increased to 19,000 million yen from 7,000 million yen.Earnings per share forecast increased to 275.51 yen from 101.58 yen.Comments that extraordinary profit of 16,500 mln yuan by selling shares that held by subsidiary in Neusoft Corporation is the main reason for the forecast.

SHW AG raises FY 2015 guidance

1:23am EDT

SHW AG:Now expects group sales in order of 470 million euros (previous forecast: 460 million euros) in FY 2015.Company continues to expect to reach adjusted EBITDA in order of 46 million euros to 50 million euros in FY 2015.FY 2015 sales 467.17 million euros - Thomson Reuters I/B/E/S.

Chongqing Landai Powertrain completes to set up subsidiaries

Tuesday, 28 Jul 2015 08:00pm EDT

Chongqing Landai Powertrain Corp Ltd:Completed to set up two Chongqing-based wholly owned subsidiaries with investment of 2.1 million yuan respectively.One subsidiary is engaged in development, production and sale of automotive transmission and the other subsidiary is engaged in development, production and sale automation equipment.

China Kunda Technology Holdings Ltd gives Q1 2016 outlook

Tuesday, 28 Jul 2015 07:57am EDT

China Kunda Technology Holdings Ltd:Expects the revenue of Q1 2016 to be lower than Q1 2015.Gross profit for Q1 2016 is expected to be higher than Q1 2015 due to cost cutting measures and greater production efficiency.

Cummins Inc reaffirms FY 2015 guidance

Tuesday, 28 Jul 2015 07:30am EDT

Cummins Inc:Sees FY 2015 revenue to grow between 2 pct. to 4 pct.Sees FY 2015 EBIT to be in the range of 13.5 pct. to 14.0 pct. of sales.

THN to sell entire stake in Global Information Technology

Tuesday, 28 Jul 2015 04:43am EDT

THN Corp:To sell its entire 3,331,386 shares of Global Information Technology Co., Ltd., which is engaged in the manufacturing of vehicle maintenance and repair diagnostic machine business, to adjust financial structure.Transaction price of 48,000 mln won.

Sejong Industrial establishes new subsidiary

Tuesday, 28 Jul 2015 04:10am EDT

Sejong Industrial Co., Ltd:Completed the establishment of a wholly-owned subsidiary namely CHONGQING SEJONG AUTO PARTS CO.,LTD.The subsidiary will be engaged in the manufacturing of auto parts.Number of subsidiaries increased to 20 from 21.

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