Mexican Media Brands
GKN Boosts Operating Profit 19%
U.K.-based engineering firm GKN plc posted operating earnings of 142 million (€172 million) in the first quarter of this year compared to 119 million (€145 million) in the same period of 2011.
#economics
Share
U.K.-based engineering firm GKN plc posted operating earnings of 142 million (€172 million) in the first quarter of this year compared to 119 million (€145 million) in the same period of 2011. Revenue grew 17% to 1.7 billion (€2.1 billion).
The company's automotive unit, which makes axles, chassis and driveshafts, hiked its operating profit 28% to 64 million ( 78 million). Revenue rose 26% to 847 million (€1 billion). GKN credits the gains to strong luxury-car demand in China and the contribution of the Getrag Driveline business it acquired last summer.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
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.