HOUSTON, March 19, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that first quarter earnings will be negatively affected by weak market conditions, including pressure on used car margins, as well as costs associated with a series of long-term, strategic investments designed… Continue reading Group 1 Announces Market Conditions and Costs Associated with Strategic Initiatives Will Negatively Impact First Quarter Results
Author: PR Newswire Online News
Hyundai Motor America and SiriusXM Agree To Five-Year Extension
NEW YORK, March 19, 2018 /PRNewswire/ — SiriusXM and Hyundai Motor America announced today an agreement that extends the ongoing relationship between the two companies for five more years. Customers buying Hyundai and Genesis brand vehicles will continue to get a three-month introductory SiriusXM All Access subscription – SiriusXM’s most expansive programming package which includes access to… Continue reading Hyundai Motor America and SiriusXM Agree To Five-Year Extension
Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has undertaken a series of productive meetings with U.K.-based shareholders of GKN PLC (LON: GKN). During those meetings, Dana outlined the compelling rationale for its proposed combination with GKN Driveline. Dana received direct feedback from GKN shareholders that they would like to hold stock in… Continue reading Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
Schaeffler Opens Silicon Valley Office
SAN JOSE, Calif., March 15, 2018 /PRNewswire/ — Global automotive and industrial supplier, Schaeffler, today announced the opening of a new Silicon Valley location. The facility, located at 1735 Technology Drive, Ste. 175, in San Jose, Calif., establishes Schaeffler’s foothold in this leading tech region. Philip George, director, region innovation for Schaeffer, will lead the new… Continue reading Schaeffler Opens Silicon Valley Office
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SINGAPORE, March 13, 2018 /PRNewswire/ — Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, to offer insurance solutions for Grab’s driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their… Continue reading Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
Dana Announces Agreement to Combine with GKN’s Driveline Division
MAUMEE, Ohio, March 9, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has signed definitive agreements to combine with the Driveline division of GKN plc (LON: GKN) to create Dana plc, a global leader in driveline systems. The total consideration is composed of $1.6 billion in cash proceeds to GKN plc, the assumption… Continue reading Dana Announces Agreement to Combine with GKN’s Driveline Division
Navistar Reports First Quarter 2018 Results
LISLE, Ill., March 8, 2018 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today announced a first quarter 2018 net loss of $73 million, or $0.74 per diluted share, compared to a first quarter 2017 net loss of $62 million, or $0.76 per diluted share. First quarter 2018 results included $46 million of charges as a result… Continue reading Navistar Reports First Quarter 2018 Results
Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
Navistar Unveils Uptime-Centric Vision For Growing ReNEWed® Reman Brand; Expands Fleetrite® Private Label Parts Brand
ATLANTA, March 6, 2018 /PRNewswire/ — Navistar today showcased its future vision for the ReNEWed® remanufactured components business, unveiling a new brand identity representing its mission to deliver higher value through better uptime, and announcing plans to expand its product line-up in 2018. Navistar is also expanding the portfolio of its Fleetrite® private label parts business.… Continue reading Navistar Unveils Uptime-Centric Vision For Growing ReNEWed® Reman Brand; Expands Fleetrite® Private Label Parts Brand
World premiere of the Mission E Cross Turismo
ATLANTA, March 6, 2018 /PRNewswire/ — The presentation of the Mission E Cross Turismo from Porsche at the Geneva Motor Show is a concept study of an electrically-powered “Cross-Utility Vehicle.” Designed for individuals with an active lifestyle, the demand-controlled all-wheel drive easily handles varied weather conditions for practical year-round use. The interior offers plenty of cargo… Continue reading World premiere of the Mission E Cross Turismo