“Business with the largest US electric vehicle manufacturer (Tesla) was less dynamic in the first quarter,” Bossard stated. “In spite of higher production volumes, sales remained at the previous year’s level, mainly due to a change in product mix.”
NEWS BRIEFS
April 11
21:08
2018
Overall net sales increased 13.2% to $1.18 billion in the first quarter of 2018, driven by higher unit sales.
April 10
13:00
2018
Commentary on market conditions was mixed, with some respondents commenting on the current strong demand environment and others expressing concerns around the recently announced steel tariffs.
April 07
14:57
2018
Employees who consider themselves “entitled” don’t innovate, Beveridge tells the National Fastener Distributors Association. Entitled employees feel they are owed vs. they need to earn, they are static rather than growing and seek to preserve vs. transform.
April 05
06:01
2018
Bufab’s international segment reported a 20% sales increase in Q4, with increased gross margin and lower costs as a percentage of sales, Fastener + Fixing Magazine reports.
April 05
01:18
2018
Comfast June 2019 in New Delhi and December 2019 in Gandhinagar.
April 04
09:57
2018
The National Fastener Distributors Association initiated the award in 2017 with Robbie Gilchrist of Capital Marketing as the first honoree.
April 03
10:19
2018
Metform received the award during Toyota’s 22nd annual supplier business meeting of 850 suppliers in March 2018 in Detroit.
April 02
10:39
2018
Longen, English, Newman and Hrdlicka take new positions at the master distributor.
April 01
23:54
2018
After 42 years with the company, Budd will remain on the operational team at TR Fastenings to use his 42-years of fastener industry knowledge “to pass down to the next generation of leaders within the business."
March 29
17:55
2018
Campbell, Haggerty, Sulek and Veech are panelists at Southeastern conference will be April 24-26, 2018, in Alabama.
March 29
17:46
2018
Car manufacturer said certain corroding bolts in cold weather climates could lead to power-steering failure.
March 29
12:28
2018
In addition to a 28-meter wire sculpture, the building includes a central area surrounded by open work spaces and meeting rooms.
March 29
09:06
2018
Put yourself in the position of your customer,” Reilly advised. “Define value in customers’ terms.” He finds product is the most important at 57%; the company selling is 18%; and the individual salesperson 25%.
March 28
18:36
2018
Founded in 1966, Sundram Fasteners provides fasteners and other components for the automotive, infrastructure, windmill and aviation sectors.
March 27
03:40
2018
The increase marks the third consecutive quarterly price hike by CSC.
March 26
17:27
2018
Sisto of G-Strut will give the Associate’s speech and St. John of IBS Inc. will give STAFDA president’s annual State of Distribution address at 42nd annual convention.
March 26
16:10
2018
The new facility, which will be accredited for both ISO9001 and AS9100, will support the manufacturing supply chains in the Southeast region of the U.S.
March 26
10:12
2018
Founded in 2003, Davenport, IA-based Trinity provides supply-chain solutions relating to fasteners and other components.
March 22
17:54
2018
Speaking before the Senate Finance Committee, U.S. trade representative Robert Lighthizer said the EU, along with Argentina, Australia, Brazil and South Korea, would be exempted from the 25% tariff on steel and 10% on aluminum. Canada and Mexico have already been excluded.
