Mexican Media Brands
Delphi’s First-Quarter Income Doubles
Delphi Automotive plc’s net income doubled to $425 million in the first quarter of 2016, aided by sales growth and acquisitions.
#economics
Share
Delphi Automotive plc’s net income doubled to $425 million in the first quarter of 2016, aided by sales growth and acquisitions. Revenue rose 7% to $4.1 billion.
The U.K.-based supplier of vehicle electronics says its net income from continuing operations in January-March grew 11% to $320 million. Adjusted operating income climbed 8% to $509 million. Delphi reports gains in North America, Europe and Asia Pacific.
The company expects full-year revenue of about $16.8 billion and an adjusted operating income of about $2.2 billion. Those targets compare with $15.2 billion and $2 billion, respectively, in 2015.
RELATED CONTENT
-
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.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.