Mexican Media Brands
Delphi Doubles Net Profit
Delphi Automotive LLC hiked its revenue 11% to $4.2 billion and more than doubled net income to $298 million in the fourth quarter of 2013.
#economics
Share
Delphi Automotive LLC hiked its revenue 11% to $4.2 billion and more than doubled net income to $298 million in the fourth quarter of 2013. Operating income grew 10% to $1.8 billion.
The company which supplies electronics, safety and thermal systems says sales for the period advanced 14% in Asia, 9% in North America and 7% in Europe. Revenue fell 6% in South America.
For the full year, Delphi's sales rose 6% to $16.5 billion, adjusted operating income climbed 10% to $1.4 billion and net income advanced 9% to $1.2 billion.
The company says its revenue in 2013 grew 11% in Asia, 5% in North America and 2% in South America but dropped 6% in Europe.
Delphi expects global vehicle production to grow 3% in 2014. It projects that this year's revenue will reach $17.2 billion-$17.6 billion and adjusted operating income will total $1.95 billion-$2.05 billion. The company forecasts 10% growth in earnings per share.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.