José Muñoz, Hyundai Motor Company’s Global Chief Operating Officer and President and CEO of Hyundai Motor North America said, “I am excited to make this announcement on behalf of the Hyundai Motor Group. This investment demonstrates our deep commitment to the U.S. market, our dealers and customers. Hyundai will lead the future of mobility in… Continue reading Hyundai Motor Group to Invest $7.4 Billion In the U.S. by 2025
Author: PR Newswire Online News
Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition
AKRON, Ohio, May 13, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a private offering to eligible purchasers of $1.45 billion aggregate principal amount of 8- and 10-year senior notes. The notes will be senior unsecured obligations of the company. Issuance and sale of the notes… Continue reading Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition
The Era of Green: Yadea Announces Plans to Invest Over US$150 million in Electric Mobility R&D in 2021
Yadea’s continued investment in R&D comes as environmental protection is at the forefront of global discussions. Earlier this year, member states of the European Union (EU) adopted ambitious new targets to cut carbon emissions by at least 55 percent by 2030, and the United Kingdom has followed suit with radical plans to cut carbon emissions… Continue reading The Era of Green: Yadea Announces Plans to Invest Over US$150 million in Electric Mobility R&D in 2021
Yifan Li Joins Human Horizons as CFO
Mr. Li is a seasoned finance and accounting executive, and joins Human Horizons from Zhejiang Geely Holding Group (ZGH), a global mobility technology group headquartered in Hangzhou. As Vice President and Chief Financial Officer of the group, Mr. Li was responsible for financial strategy, corporate development and industrial ecology chain, having an integral role in… Continue reading Yifan Li Joins Human Horizons as CFO
Fras-le Announces 1Q21 Results
CAXIAS DO SUL, Brazil, 12 May 2021 /PRNewswire/ — Fras-le S.A. (B3 – “FRAS3”), known as a powerhouse in replacement car parts with a portfolio of iconic products and brands, as well as being the largest manufacturer of friction materials in Latin America and a global leader, has announced its results for the first quarter… Continue reading Fras-le Announces 1Q21 Results
Plastic Omnium signs partnership with Hopium to develop the Māchina hydrogen storage system
LEVALLOIS, France, May 12, 2021 /PRNewswire/ — Plastic Omnium has announced a partnership with Hopium, the French manufacturer of high-end hydrogen cars, to develop the hydrogen storage system for the future Hopium Māchina. This high-end vehicle, first announced in October 2020, aims to be the first French hydrogen-powered sedan to hit the market in 2026.… Continue reading Plastic Omnium signs partnership with Hopium to develop the Māchina hydrogen storage system
Bird, a Category Creator and Leader in Electric Micromobility, to Become A Public Company via Merger with Switchback II Corporation
Travis VanderZanden, founder and CEO of Bird, commented: “Bird was founded with the mission to provide environmentally friendly transportation for everyone. Since 2017, we have driven adoption of micromobility which has resulted in rapid growth. During this time, we have advanced our operating model, supported by proprietary technology and hardware, to scale our mission and reach… Continue reading Bird, a Category Creator and Leader in Electric Micromobility, to Become A Public Company via Merger with Switchback II Corporation
China Automotive Systems Reports 77.0% Net Sales Increase and Return to Profitability in the First Quarter of 2021
WUHAN, China, May 12, 2021 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Highlights Net sales rose 77.0% to $130.3 million from $73.6 million in… Continue reading China Automotive Systems Reports 77.0% Net Sales Increase and Return to Profitability in the First Quarter of 2021
Neoway Technology 5G+C-V2X Full-function Automotive-grade Module A590 Officially Released
SHENZHEN, China, May 11, 2021 /PRNewswire/ — On May 7, 2021, at the Automotive Aftermarket Industry and Tuning Trade Fair, Neoway Technology (Shanghai:688159) officially released the 5G+C-V2X full-function automotive-grade module A590. This further enriches the 5G series products of Neoway Technology, and helps the smart connected vehicle industry accelerate into the 5G era. “With its advantages… Continue reading Neoway Technology 5G+C-V2X Full-function Automotive-grade Module A590 Officially Released
Caterpillar Announces New 2030 Sustainability Goals and Reports Environmental, Social and Governance (ESG) Progress
DEERFIELD, Ill., May 11, 2021 /PRNewswire/ — Caterpillar Inc. (NYSE: CAT) illustrates how it continues to help its customers build a better, more sustainable world in its 2020 Sustainability Report published today. In addition to highlighting the company’s progress through 2020, the report introduces Caterpillar’s new sustainability goals to achieve by 2030. “Caterpillar is well-positioned… Continue reading Caterpillar Announces New 2030 Sustainability Goals and Reports Environmental, Social and Governance (ESG) Progress