Chief financial officer of the German automobile group Volkswagen, Frank Witter, called on the economic and labor circles not to be complacent in the process of integrating refugees. “We have a lot of people fleeing their homeland, and the integration process is long,” Witter, who is sponsoring refugee assistance projects in Volkswagen, said. “The situation today is calm. There are still a large number of people fleeing their countries all over the world, and it would be naive to think that this will not happen again.
The global Automotive Parking Sensors Market is expected to witness 7.5% CAGR during the period, 2018 to 2023. Automotive Parking Sensors Market Research Report: Information by Type (Reverse sensors, front sensors), Technology (Ultrasonic, Electromagnetic, Infrared, Laser), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Car, LCV, HCV) and Region with Global Forecast till 2023.
This week, Durig looks at the auto industry to focus on a manufacturer who supplies components to many of the industry’s leader auto makers. American Axle & Manufacturing (NYSE:AXL), a leading supplier of driveline technology, recently released its second quarter results. The company registered solid free cash flow, net cash from operations and improving EBITDA and EBITDA margins (see bullets above).
Automotive side impact beams are equipped in vehicles as a safety feature designed to protect passengers and drivers in the event of a side impact crash. When a collision takes place, automotive side impact beams absorb the energy generated during the collision. The passengers and drivers involved in side-impact collisions generally get severely injured as compared to other collisions.