Ford's first-half 2026 results raise an interesting question: how did the automaker almost double adjusted EBIT when revenue grew by less than 1 per cent? The answer lies less in selling more vehicles and more in what Ford sold, how it priced them and where it managed to reduce losses. At the same...
Hindalco subsidiary Novelis has expanded its aluminium rolling and recycling footprint through the continued commissioning of its Bay Minette greenfield site in Alabama and the restart of its Oswego hot mill in New York . The twin milestones propelled the company’s performance in the first quarter...
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Novelis, the world leader in aluminum rolling and recycling, today celebrated the ground-breaking ceremony for a new automotive sheet finishing line at its Nachterstedt, Germany, facility. Erwin Mayr, Senior Vice President of Novelis and President of Novelis Europe, made the symbolic shovel turn...
Novelis Inc. President and Chief Executive Officer Phil Martens issued the following statement today in response to Thursday's ruling by the UK High Court regarding planned changes to aluminum warehousing rules by the London Metal Exchange (LME): "We are very disappointed with the outcome of the...
Recently, Novelis was recognized as a Climate Leadership Award winner by the EPA for Excellence in Greenhouse Gas Management. The company was acknowledged for demonstrating leadership in managing and reducing greenhouse gas emissions in internal operations and throughout the supply chain, as well...
Novelis, the world leader in aluminum rolling and recycling, today announced the appointment of Manfred Stanek to the position of vice president, strategy, and chief commercial officer, effective April 1, 2014. In this role, Stanek will be responsible for developing Novelis' global strategy and...
Novelis, the world leader in aluminum rolling and recycling, today announced the appointment of Manfred Stanek to the position of vice president, strategy, and chief commercial officer, effective April 1, 2014. In this role, Stanek will be responsible for developing Novelis' global strategy and...
As Original Equipment Manufacturers (OEMs) turn to aluminum from steel to further improve fuel efficiency and meet standards, automotive aluminum sheet industry is expected to register one of the fastest growth in the metals sector over the next several years. Industry experts and consultant...
Novelis, the world leader in aluminum rolling and recycling, was honored today by the U.S. Environmental Protection Agency (EPA) as a winner of its Climate Leadership Award for exemplary leadership in reducing carbon pollution and addressing climate change. Presented by the EPA, in collaboration...
General Motors' executives insist they're not sweating Ford's 2015 aluminum F-150. They say they'll counter with redesigned mid-sized pickups and are working on updates to GM's freshly redesigned full-sized pickups. And it appears they'll be slinging plenty of aluminum of their own -- in about five...
General Motors Co. is making efforts to come up with a largely aluminum-bodied pickup truck by the end of 2018, under the pressure from federal fuel efficiency standards & archrival Ford Motor Co. The No. 1 U.S. auto maker signed a supply contract with Novelis Inc., and Alcoa Inc. which are working...
Aluminium giant Novelis has reported its strongest shipping quarter since 2008, but pretax profit growth remained subdued in the last three months of 2013. Shipments of aluminium rolled products totalled 721,000 tonnes between October and December 2013, up 11% compared to the same period in 2012....
Hindalco Industries fell 1.17% to Rs 105.60 at 10:42 IST on BSE after the company's US subsidiary Novelis reported its Q3 results on Monday, 10 February 2014. Meanwhile, the BSE Sensex was up 71.20 points, or 0.35%, to 20,405.47 On BSE, so far 2.21 lakh shares were traded in the counter, compared...
The introduction of an aluminium-intensive pickup truck will be a “game changer” for both the automotive and aluminium industries, according to Novelis, which reported a rise in its fiscal third-quarter net income on the back of higher global shipments. The new aluminium-intensive body enclosure...
Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $13 million for the third quarter of fiscal 2014. Excluding certain tax-effected items, net income was $23 million for the quarter, up $14 million compared to $9 million...
Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia. Aluminium prices on LME continue to be muted with production exceeding demand coupled...
Novelis Inc. will report its earnings for the third quarter of fiscal year 2014 on Monday, February 10, 2014. Following the release, President and Chief Executive Officer Philip Martens and Chief Financial Officer Steve Fisher will discuss the results via a live conference call for investors at...
The world’s largest buyer of aluminium, Novelis, has hit out at rising prices for the metal, saying that record premiums payable are “indefensible” and give “the appearance of an engineered squeeze” in the North American market. US Midwest premiums – the amount payable on top of the official...
America's best-selling vehicle — the Ford F-150 — is going aluminum. The move hints at a broader shift for the automotive industry, which is racing to meet increased fuel efficiency standards. Ford Motor Co. unveiled a mostly aluminum F-150 at the North American International Auto Show in Detroit....
Aluminium traders and the London Metal Exchange are in advanced discussions over a new contract that will allow consumers to protect themselves against the cost of the surging premiums for the metal. Demand for a hedging tool has mounted in recent weeks as the gap between the physical aluminium...
