Author: PR Newswire Online News

GM in Discussions with Cincinnati-Based Workhorse Group to Sell its Lordstown, Ohio, Complex

DETROIT, May 8, 2019 /PRNewswire/ — General Motors Co. (NYSE: GM) said today it is in discussions with Workhorse Group Inc. (NASDAQ: WKHS) and an affiliated, newly formed entity to sell the company’s Lordstown Complex in Lordstown, Ohio. The move has the potential to bring significant production and electric vehicle assembly jobs to the plant. Upon… Continue reading GM in Discussions with Cincinnati-Based Workhorse Group to Sell its Lordstown, Ohio, Complex

GM Announces New Manufacturing Jobs Coming to Ohio

DETROIT, May 8, 2019 /PRNewswire/ — General Motors Co. (NYSE: GM) announced today that it is creating more than 450 manufacturing jobs in three Ohio cities. GM also said it is in discussions with an Ohio-based company that could bring significant production and electric vehicle assembly jobs to the Lordstown Complex. “The U.S. economy and our… Continue reading GM Announces New Manufacturing Jobs Coming to Ohio

Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments

The transaction advances Meritor’s M2022 objectives to accelerate global sales and growth by leveraging the company’s core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments. AxleTech’s offerings include a full product line of… Continue reading Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments

BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio

AUBURN HILLS, Mich., May 7, 2019 /PRNewswire/ — With global expertise supplying combustion, hybrid and electric vehicle propulsion solutions, BorgWarner is continuing to build its electrification portfolio and systems expertise by agreeing to form a joint venture with Romeo Power Technology, a technology-leading battery module and pack supplier. This new joint venture will be split 60/40… Continue reading BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio