Nexteer Automotive shows strong financial results for first half of 2015
Nexteer Automotive, a global leader in advanced steering and driveline systems, has announced a $1.6 billion increase in revenue for the six-month period that ended June 30, 2015. This represents growth of 18 percent year on year, based on a constant currency. The announcement of its financial results also reveals that the company has expanded its new-business backlog to $11.5 billion and has generated positive free cash flow. First half 2015 highlights: · Revenue increased by approximately 14.5 percent year on year to US$1,642.3 million. Excluding the impact from foreign