Automotive Industry
Industry: Email Alert RSS FeedMahle expects 5 percent revenue increase; Engine specialist benefits from gains in Asia and aftermarket.(Mahle AG)
Automotive News Europe, October, 2006
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Byline: Ulrich Viehover, Klaus-Dieter Florecke Automobilwoche
Engine components specialist Mahle says it expects revenue to rise another 5 percent this year despite stagnant auto sales in western Europe, Japan and North America.
Mahle posted revenue of [euro]4.1 billion in 2005, up 9.1 percent over 2004. It says revenue this year should rise to [euro]4.3 billion as strong demand for commercial vehicles, higher aftermarket sales and the company's brisk business with Japanese and Korean automakers help offset weak demand for passenger vehicles overall.
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Revenue for the six ...
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