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Thyssenkrupp : with continued strong momentum in 2nd quarter 2020/2021 – full-year forecast raised again

2nd-quarter order intake, sales and adjusted EBIT higher year-on-year
Performance measures taking effect: significant year-on-year improvement in almost all segments
Free cash flow before M&A as expected negative; noticeable increase in working capital as a result of market recovery and corresponding demand, additionally impacted by cash outflows for restructuring and investment
Full-year forecast raised: sales growth in low 2-digit percentage range and adjusted EBIT in mid 3-digit million euro range expected
Martina Merz: We made up more ground in the 2nd quarter. But the realignment of thyssenkrupp remains a journey of many small steps - and we re taking those steps ....

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thyssenkrupp launches specialist auto body company

thyssenkrupp launches specialist auto body company
foundry-planet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foundry-planet.com Daily Mail and Mail on Sunday newspapers.

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thyssenkrupp launches specialist auto body company

New market presence as thyssenkrupp Automotive Body Solutions Assembly lines plus production of bodies and components Competitiveness increased in the past fiscal year through restructuring and integration ....

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JLR cuts, Ssangyong gloom, manager moves - the week

Hardly the best good news story on
just-auto this week, but our report Tata-owned Jaguar Land Rover (JLR) was planning to reduce its manufacturing capacity by a quarter over a five-year period to 2027, as part of its latest strategic plan under new CEO Thierry Bollore, was the most-read article. I m not surprised. We re UK-based and I hold there is a lot of underlying industry and public support for home team players (and big local employers) like JLR, and its domestic manufacturing rivals, especially as we strike out anew into uncharted post-Brexit waters after years yoked to the EU. The premium carmaker also said in a presentation to investors it had reduced its breakeven point from c.600,000 units pa to c.400,000 units, helped by some GBP6bn of cash and profit improvements under project charge . And there was even some good news: the automaker also reported an encouraging turnaround in China, despite COVID-19, and said there had been a significant improvement in bu ....

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