US probes GM headlight failures may add vehicles to recall

US probes GM headlight failures, may add vehicles to recall by The Associated Press Posted Apr 29, 2017 8:49 am MDT Last Updated Apr 29, 2017 at 9:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email DETROIT – The U.S. government is investigating whether General Motors should add about 312,000 vehicles to a 2015 recall for headlights that can suddenly go dark.The National Highway Traffic Safety Administration says 128 owners have complained that low-beam lights can fail.The investigation covers the 2005 and 2009 Buick Lacrosse; the 2006 and 2007 Chevrolet TrailBlazer, GMC Envoy and Buick Rainier; the 2006-2008 Isuzu Ascender and Saab 9-7X; and the 2007 Pontiac Grand Prix. At the time of the recall GM said the headlamp module in the engine compartment could overheat and stop working properly.The agency says complaints came from owners of vehicles that weren’t covered by the recall but are within the model years it affected.The 2015 recall and a related one from 2014 covered about 497,000 vehicles. read more

Sandvik mining order intake up 15 year on year and operating profit

first_imgIn divestments, the Mining Systems conveyor components business, including the closely related specialist conveyor systems business in Hollola (Finland), was divested to NEPEAN. Mining Systems has been reported in discontinued operations and the divested businesses has as of 2 November 2017 been deconsolidated from Sandvik’s financial statements. The projects to be finalised during 2018–2019 by Sandvik, through an operational agreement with FLSmidth, will however remain reported in discontinued operations.Sandvik is also evaluating the strategic options for Sandvik Drilling and Completions (Varel). The business being reviewed relates to the oil and gas industry, representing about 70% of the total revenues of approximately 2 billion SEK generated in 2017 by Sandvik Drilling and Completions. The remaining approximately 30% which manufactures and services application specific roller cone bits primarily to the mining industry, is not included in the review and continues to be core operations of Sandvik Mining and Rock Technology. In its just released Q2 2018 report, Sandvik reports that business is booming – its Mining and Rock Technology business saw order intake improve organically by 15% year-on-year on strong development in most product areas. Revenues increased organically by 16% supported by strong order intake in recent quarters and favorable demand in the aftermarket business.Key items impacting order intake and revenues compared with the year-earlier period:• Order intake was driven by high demand for replacement mining equipment as well as expansion of activities inalready existing mines and high customer activity in the aftermarket business.• Strong growth for both underground and surface mining equipment.• In the equipment business, drilling, crushing and screening accounted for the strongest growth in relative terms.• Growth in the aftermarket business improved significantly, with strong development for both parts & service andconsumables.• All geographies noted a strong underlying activity level. The greatest increase in order intake in relative terms wasnoted in North America, while the timing of orders implied a negative development for Australia.• The aftermarket business accounted for 60% of revenues while the equipment business accounted for 40%.Operating profit improved by 24% and the operating margin increased to 17.1% (16.0), including an adverse impact from changed exchanged rates. Items impacting operating profit and operating margin:• Positive organic growth in revenues of 16% improved the absorption of fixed costs in production.last_img read more