Profits surge by 33% as GKN switches gears

Posted on 31 Jul 2012
Hazel Canady and Lynda Arthur entering machine offsets into an Inner Race grinder. Photography courtesy of GKN

Profits at car and aircraft component manufacturer GKN rose by 33% for the first six months of 2012.

UK-based GKN saw sales rise by 16% compared to the first half of 2011, with a surge in demand for luxury cars as revenue increased from £2.99bn in 2011 to £3.46bn. Sales at GKN Driveline, which makes transmissions, chassis and axles, soared from £1.33bn to £1.66bn. However, sales of small cars have nosedived in Europe…

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