Innovations in Mobility a REVOLUTIONARY TRANSFORMATION
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Fourth Quarter Earnings Release
Eaton Communications Eaton Center Cleveland, OH 44122 tel: +1 (440) 523-4343 [email protected] Date February 2, 2021 For Release Immediately Contact Margaret Hagan, Media Relations, +1 (440) 523-4343 Yan Jin, Investor Relations, +1 (440) 523-7558 Eaton Reports Fourth Quarter Earnings Per Share of $1.18 Adjusted Earnings Per Share of $1.28 for the Fourth Quarter Full Year Free Cash Flow $2.6 Billion, at the Top of Guidance Range Starting in 2021, Adjusted Earnings Per Share Will Be Revised to Add Back Amortization of Intangibles Adjusted Earnings Per Share for 2021 Expected to be Between $5.40 and $5.80 DUBLIN, Ireland … Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.18 for the fourth quarter of 2020. Excluding charges of $0.06 per share related to acquisitions and divestitures and $0.04 per share related to a multi-year restructuring program, adjusted earnings per share were $1.28. Sales in the fourth quarter of 2020 were $4.7 billion. Organic sales were down 5 percent, and the divestitures of the Lighting and Automotive Fluid Conveyance businesses reduced sales by 8 percent, partially offset by 2 percent growth from acquisitions. Craig Arnold, Eaton chairman and chief executive officer, said, “Our fourth quarter was stronger than expected, with organic sales down 5 percent, at the high end of our guidance range and up 3 percent over the third quarter. We are pleased with our solid results, as our businesses have managed through the impact of the COVID-19 pandemic well.” “Fourth quarter segment margins were 17.4 percent, reflecting a decremental on lower revenues of 21 percent,” said Arnold. -
For Recruiting and Hiring the Long-Term Unemployed Businesses Succeed When Their Communities Thrive
BEST PRACTICES For Recruiting and Hiring the Long-Term Unemployed Businesses succeed when their communities thrive. We recognize the benefits to our businesses, our economy, and our country of taking advantage of the talent, experience and skills of all Americans, including the long-term unemployed. Yet studies have shown that long-term unemployed job applicants are frequently overlooked and sometimes excluded from job opportunities—even when they may have identical resumes and skills to other candidates. We are committed to inclusive hiring practices and pledge to remove barriers that may prevent qualified long-term unemployed job seekers from applying or being fully considered for jobs at our companies by adopting or building on the following practices: 1. Ensuring that advertising does not discourage or discriminate against unemployed individuals. 2. Reviewing screens or procedures that we use in our recruiting and hiring processes so they do not intentionally or inadvertently disadvantage individuals from being considered for a job based solely on their unemployment status. 3. Reviewing current recruiting practices to ensure that we cast a broad net and encourage all qualified candidates to consider applying, including the long-term unemployed, by taking steps that may include: • Publicizing our commitment that qualified unemployed individuals will not be disadvantaged solely on their unemployment status on our website, in application materials, or in other places where it can be seen by potential applicants; • Interviewing or otherwise considering qualified long-term unemployed individuals; • Training our hiring teams and recruiters to focus on the bona fide occupational requirements and leadership requirements for a given role and not just on an applicant’s current or recent employment status; • Engaging with local and regional entities in order to reach broad segments of the population with relevant skills and experience 4. -
Exhibit II ASSESSMENTS LEVIED on INSURANCE CARRIERS and SELF-INSURED EMPLOYERS/FUNDS A
Exhibit II ASSESSMENTS LEVIED ON INSURANCE CARRIERS AND SELF-INSURED EMPLOYERS/FUNDS A. INSURANCE CARRIERS Accident Fund Ins Co $2,565,273.00 Accident Ins Co $522,508.00 ACE INA Group $10,734,161.00 ACIG Insurance Co $586.00 Advantage Workrs Com $15,459.00 Alea Group - U.S. $49,549.00 Allianz of America $641.00 Allmerica Fin P&CCos $51,742.00 Allstate Ins Group $3,912.00 AmCOMP Group $1,848,699.00 Amer Alternative Ins $194,428.00 Amer Hardware Mut $768.00 Amer Intern Grp Inc $18,303,773.00 Amer Safety Cas Ins $10,773.00 Amerisafe Ins Group $3,038,462.00 Amerisure Companies $1,374,358.00 AmGUARD Ins Co $104,861.00 Arch Insurance Co $394,295.00 Argonaut Great Cntrl $44,729.00 Argonaut Ins Co $137,753.00 Argonaut-Midwest Ins $78,260.00 Assoc Casualty Ins $397,348.00 Atlantic Mut Cos $294,770.00 Auto-Owners Ins Grp $2,370,743.00 BancInsure Inc $4,352.00 Benchmark Ins Co $220,249.00 Berkley Ins of Carolina $373,637.00 Bituminous Cas Corp $809,337.00 Bituminous Fire & Mar $214,080.00 Bridgefield Cas Ins $703,821.00 Brotherhood Mut Ins $141,313.00 Builders Ins Group $42,011.00 Builders Mut Ins Co $1,790,636.00 Canal Group $256,699.00 Capital City Ins Co $6,036,029.00 Carolina Cas Ins Co $59,995.00 Central Ins Cos $67,527.00 Centre Ins Co $7,343.00 Chubb Grp of Ins Cos $1,036,217.00 Church Mut Ins Co $184,942.00 Cincinnati Ins Cos $876,985.00 Clarendon Nat Ins Co $959,644.00 CNA Ins Companies $7,743,127.00 Colony Specialty Ins $32,489.00 Companion P & C Grp $8,191,078.00 Coregis Ins Co $203,937.00 Crum & Forster Indemnity $4,601.00 CUMIS Ins -
Eaton Reports Strong First Quarter 2021 Results, Raises 2021 Outlook
Eaton Communications Eaton Center Cleveland, OH 44122 tel: +1 (440) 523-4343 [email protected] Date May 4, 2021 For Release Immediately Contact Margaret Hagan, Media Relations, +1 (440) 523-4343 Yan Jin, Investor Relations, +1 (440) 523-7558 Eaton Reports Strong First Quarter 2021 Results, Raises 2021 Outlook Eaton Reports First Quarter Earnings Per Share of $1.14, First Quarter Record Adjusted Earnings Per Share of $1.44, Up 15 Percent Over the First Quarter of 2020 First Quarter Operating Cash Flow of $260 Million; Adjusted Operating Cash Flow of $460 Million, Up 42 Percent Over the First Quarter of 2020 First Quarter Segment Margin of 17.7%, 190 Basis Points Favorable to the First Quarter of 2020 and a First Quarter Record Raising Adjusted Earnings Per Share Guidance for 2021 to $6.10 at the Midpoint, Up 24 Percent Over 2020 DUBLIN, Ireland … Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.14 for the first quarter of 2021. Excluding charges of $0.18 per share related to intangible amortization, $0.09 per share related to acquisitions and divestitures, and $0.03 per share related to a multi-year restructuring program, adjusted earnings per share were a first quarter record of $1.44, up 15 percent over the first quarter of 2020. Sales in the first quarter of 2021 were $4.7 billion, down 2 percent from the first quarter of 2020. The divestiture of the Lighting business reduced sales by 5½ percent, which was partially offset by positive currency translation of 2 percent, 1 percent growth from acquisitions, and organic growth of ½ percent. -
Eaton Axle Company, Manufacturing Conventional and Internal Gear Truck Axles 1920 - Eaton Axle Company Builds a New $1 Million Plant in Cleveland, OH
Eaton Differentials Owner’s Manual NoSPIN® Revised 04/20/2020 Eaton Differentials Install Manual Table of Contents Preface...................................................................... 2 History....................................................................... 2 Warranty.................................................................... 4 Detroit Locker / NoSPIN............................................ 6 Detroit Truetrac.......................................................... 10 Eaton Posi..................................................................14 Eaton ELocker............................................................ 18 Safety........................................................................ 23 Lubrication................................................................ 26 Installation................................................................. 28 Preface Eaton has been a leading manufacturer of premium quality OEM, military and aftermarket traction enhancing and performance differentials for more than 80 years. Each step in our manufacturing process, from design to final assembly and inspection, reflects the highest industry quality and engineering standards. This manual is intended to help provide safe and trouble- free operation for the life of the product. General Information Telephone: 800-328-3850 Website: eatonperformance.com Office Hours: 7:30 a.m. - 5:30 p.m. (ET) Mon. - Thu. 7:30 a.m. - 4:30 p.m. (ET) Fri. Automotive Focused History of Eaton 1900 - Viggo Torbensen develops and patents -
The Motor Vehicle Assembly and Component Sector Anthony Black
An Industrial Strategy for the Motor Vehicle Assembly and Component Sector Anthony Black ARCHIV 113599 jy Project IDRO - Li1. AN INDUSTRIAL S TRA TEGY FOR THE MOTOR VEHICLE ASSEMBLY AND COMPONENTSECTORS Anthony Black Industrial Strategy Project Development Policy Research Unit School of Economics University of Cape Town 1994 I UCT] rNEsJ / UCT Press(Pty) Ltd Universityof Cape Town PrivateBag Rondebosch 7700 SouthAfrica All rights are reserved.No part of this publicationmay be reproduced, stored in a retrieval system, or transmittedin any form or by any means, electronic, mechanical, photocopying, icording or otherwise, without priorpermission of thepublisher. Cover illustration: Taken from Gavin Young's sculpture, "Hoerrikwagga", standing near JamesonHall on the University of Cape Towncampus. Typesetting: Hayley Viljoen Coverdesign: KarrenVisser Printed and bound by CredaPress Copyright: IndustrialStrategy Project First published: 1994 ISBN: 0-7992-1575-9 EDITORIAL COMMENT This report is one ofa seriesproduced by the Industrial StrategyProject. The ISP has its origins in the Economic Trends Research Group, a collective of economists and other social scientists convenedby the Congress of South African Trade Unions in 1986. COSATU, under attack for its support for sanctions, initially asked these researchers to examinethe impact ofenforced isolation on the South African economy. It soon became clear that sanctions were a small aspect of the problems besetting the South African economy, and the work of the Economic Trends Research Group expanded into a full-blown analysis of South Africa's economiccrisis. The poor performance of South Africa's manufacturing sector loomed large in the litany of problems bedeviling the South African economy. The 1980s had been, in economic terms, something of a lost decade. -
Directors and Leadership Team As of March 1, 2016
Directors and Leadership Team As of March 1, 2016 Directors, Eaton Corporation plc Craig Arnold Michael J. Critelli 1, 4 Linda A. Hill 2, 4 Deborah L. McCoy 1, 4 President and Chief Operating Officer, Chief Executive Officer and President, Professor of Business Administration, Independent consultant. Former Senior Eaton Corporation, a subsidiary of Dossia Services Corporation, Harvard Business School, Cambridge, Vice President, Flight Operations, the company San Francisco, California, a personal Massachusetts Continental Airlines Inc., Houston, Texas, health management systems company a commercial airline Todd M. Bluedorn 1, 3 Arthur E. Johnson 2, 4* 5* 1*, 4 Chief Executive Officer, Lennox Alexander M. Cutler Retired. Former Senior Vice President, Gregory R. Page International Inc., Richardson, Texas, Chairman, Eaton Corporation plc, Corporate Strategic Development, Executive Director, Cargill Incorporated, a global provider of climate control Dublin, Ireland, a power management Lockheed Martin Corporation, Bethesda, Minneapolis, Minnesota, an international solutions for heating, air conditioning company Maryland, a manufacturer of advanced marketer, processor and distributor of and refrigeration markets technology systems, products and services agricultural, food, financial and industrial Richard H. Fearon products and services Christopher M. Connor 2*, 3 Ned C. Lautenbach 2, 4 Vice Chairman and Chief Financial 2, 3 Executive Chairman, The Sherwin- Planning Officer, Eaton Corporation, Retired. Former Partner, Clayton, Dubilier Sandra Pianalto Williams Company, Cleveland, Ohio, a subsidiary of the company & Rice Inc., New York, N.Y., a private Retired. Former President and Chief a global manufacturer of paint, equity investment firm specializing in Executive Officer of the Federal Reserve architectural coatings, industrial Charles E. Golden 2, 3* management buyouts Bank of Cleveland finishes and associated supplies Retired. -
Eaton Names Jeff Krakowiak Vice President - Corporate Sales and Marketing
Eaton Corporation Automotive Group Communications Southfield, MI 48076 Tel: (248) 226-7191 Fax: (248) 226-6919 Email: [email protected] Date: April 4, 2007 For Release: Immediately Contact: Kelly Jasko (216) 523-4736 [email protected] Eaton Names Jeff Krakowiak Vice President - Corporate Sales And Marketing CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that Jeff Krakowiak has been named vice president - Sales and Marketing. Krakowiak will work with Eaton’s senior operating managers to leverage the enterprise’s capabilities and products to deliver long-term growth across all operations. He will be located at the company’s world headquarters in Cleveland. “Jeff’s experience will help us capitalize on global market opportunities and drive functional excellence in all of Eaton’s sales and marketing organizations,” said Randy Carson, Eaton senior vice president and president – Electrical Group. Krakowiak most recently served as the director of sales for the Ford account, worldwide, as part of Eaton’s Automotive Group. He joined Eaton in 2005 from Visteon, where he was the sales director for Ford commercial sales. Prior to Visteon, he worked for Ford Motor Company as a product design engineer. Krakowiak holds a bachelor’s degree in electrical engineering and a master’s degree in business administration from the University of Michigan. He also holds a master’s of science in mechanical engineering from Purdue University in Indiana. Eaton Corporation is a diversified industrial manufacturer with 2006 sales of $12.4 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. -
The Ohio Motor Vehicle Industry
Research Office A State Affiliate of the U.S. Census Bureau The Ohio Motor Vehicle Report February 2019 Intentionally blank THE OHIO MOTOR VEHICLE INDUSTRY FEBRUARY 2019 B1002: Don Larrick, Principal Analyst Office of Research, Ohio Development Services Agency PO Box 1001, Columbus, Oh. 43216-1001 Production Support: Steven Kelley, Editor; Jim Kell, Contributor Robert Schmidley, GIS Specialist TABLE OF CONTENTS Page Executive Summary 1 Description of Ohio’s Motor Vehicle Industry 4 The Motor Vehicle Industry’s Impact on Ohio’s Economy 5 Ohio’s Strategic Position in Motor Vehicle Assembly 7 Notable Motor Vehicle Industry Manufacturers in Ohio 10 Recent Expansion and Attraction Announcements 16 The Concentration of the Industry in Ohio: Gross Domestic Product and Value-Added 18 Company Summaries of Light Vehicle Production in Ohio 20 Parts Suppliers 24 The Composition of Ohio’s Motor Vehicle Industry – Employment at the Plants 28 Industry Wages 30 The Distribution of Industry Establishments Across Ohio 32 The Distribution of Industry Employment Across Ohio 34 Foreign Investment in Ohio 35 Trends 40 Employment 42 i Gross Domestic Product 44 Value-Added by Ohio’s Motor Vehicle Industry 46 Light Vehicle Production in Ohio and the U.S. 48 Capital Expenditures for Ohio’s Motor Vehicle Industry 50 Establishments 52 Output, Employment and Productivity 54 U.S. Industry Analysis and Outlook 56 Market Share Trends 58 Trade Balances 62 Industry Operations and Recent Trends 65 Technologies for Production Processes and Vehicles 69 The Transportation Research Center 75 The Near- and Longer-Term Outlooks 78 About the Bodies-and-Trailers Group 82 Assembler Profiles 84 Fiat Chrysler Automobiles NV 86 Ford Motor Co. -
Saturday 1 May 2021 Brands Hatchgrand Prix
OFFICIAL DIGITAL PROGRAMME SATURDAY 1 MAY 2021 GRAND PRIX BRANDS HATCH CIRCUIT COMPETITIOR ADVICE As of 29/03/2021 TIMETABLE MSVR has put in place a number of changes to ensure we can operate our race events safely and enjoyably, whilst complying with Motorsport UK and government guidelines. OFFICIALS SATURDAY 1 MAY 2021 Motorsport UK Steward SIGNING ON VENUE RESTRICTIONS David Walton 09.00 Toyo Tires Race 7 Series – Practice Qualifying 30 mins • All signing on for the event will take place online, • Pass numbers will be limited to assist with social distancing Club Stewards 09.40 GT Cup Championship Practice 15 mins ahead of the event requirements and are for competitors and their essential Bill Shewan, Tony Johnstone Senior Clerk of the Course helpers only 10.05 GT Cup Championship (Group 1) Qualifying 15 mins • The link will be available under the event information Simon Gnana-Pragasam on the calendar page of the MSVR website • The paddock(s) will be closed to non-essential personnel Clerk of the Course Andy Stevens, Tony Watts, Luke Caudle 10.30 GT Cup Championship (Group 2) Qualifying 15 mins at all MSVR events until further notice • The signing-on process includes your scrutineering Secretary of the Meeting Joe East 10.55 Petro-Canada Lubricants Porsche Club Qualifying 20 mins declaration and part of your briefing (see below) • Garage doors should remain open front and back when Deputy Secretary of the Meeting Championship with Pirelli the garage is occupied Maggie Watts SCRUTINEERING • Unfortunately there will be no podium ceremonies -
Developing an Eastern Cape Auto Sector Strategy
DEVELOPING AN EASTERN CAPE AUTO SECTOR STRATEGY A REPORT FOR THE EASTERN CAPE SOCIO-ECONOMIC CONSULTATIVE COUNCIL prepared by: Ian Russell This Report has been prepared at the request of the ECSECC, and is intended only for this purpose. March 2006 1 INTRODUCTION The purpose of this report is: • To describe and analyse the historical performance of the Automotive sector of the Eastern Cape economy and to identify current trends • To identify its growth and labour absorption potential • To identify key constraints or blockages • To identify key infrastructural blockages and constraints and to make recommendations on how Government and stakeholders can address the constraints / blockages in a more systematic and pragmatic way A significant amount of space is devoted to the global industry, its relationships and the inter-relationships between vehicle manufacturers (OEMs) and component suppliers. This has been done because the investment decisions internationally, and this is equally applicable to South Africa, are increasingly being driven by global considerations. These decisions are often, in turn, motivated by OEMs, with the appropriate supplier investments following. Further, the significant rationalisation taking place globally is resulting in a reduction in the number of OEMs, suppliers and model platforms, each of which will have repercussions in all automotive-producing countries. A proper understanding of these complex global trends is essential background to any approach to OEMs or component suppliers for investment. It is important, therefore, to realise that in attracting new investment to a country or a region, it is unlikely that a component supplier will set up a manufacturing base without prior assurance of OEM business, at least in the local market or for export volumes. -
An Evaluation of Changes in Capital Investment by Automotive Companies in Preparation for the Automotive Production and Development Programme (Apdp)
AN EVALUATION OF CHANGES IN CAPITAL INVESTMENT BY AUTOMOTIVE COMPANIES IN PREPARATION FOR THE AUTOMOTIVE PRODUCTION AND DEVELOPMENT PROGRAMME (APDP) B.S. BACELA 2012 AN EVALUATION OF CHANGES IN CAPITAL INVESTMENT BY AUTOMOTIVE COMPANIES IN PREPARATION FOR THE AUTOMOTIVE PRODUCTION AND DEVELOPMENT PROGRAMME (APDP) BY BANDILE SAKHEKILE BACELA Treatise submitted in partial fulfilment of the requirements for the degree Magister in Business Administration at the Nelson Mandela Metropolitan Business School December 2012 Promoter: DR S SIMAYI ii TABLE OF CONTENTS DECLARATION .............................................................................................................. V ABSTRACT ................................................................................................................... VI ACKNOWLEDGEMENTS ............................................................................................. VII CHAPTER 1 .................................................................................................................... 1 INTRODUCTION TO THE RESEARCH STUDY ............................................................ 1 1.1 INTRODUCTION ....................................................................................................... 1 1.2 PROBLEM STATEMENT ............................................................................................. 2 1.3 IMPORTANCE OF STUDY .......................................................................................... 3 1.4 CONCEPTUAL FRAMEWORK .....................................................................................