MAUMEE, Ohio, March 22, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has announced new contracts to supply front and rear axles for the next generation of iconic Jaguar and Land Rover luxury vehicles. The estimated value for these programs total more than £300 million. Dana’s latest Spicer® AdvanTEK® axles will deliver greater power density in… Continue reading Dana Secures Contract to Supply Axles for Next-Generation Jaguar, Land Rover Programs
Author: PR Newswire Online News
Dana Selected as Driveline Supplier for All-New Chevrolet Silverado Class 4, 5, and 6 Chassis Cab Trucks
MAUMEE, Ohio, March 22, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that it has been selected as the driveline supplier for the all-new Chevrolet Silverado 4500HD, 5500HD, and 6500HD chassis cab trucks. The conventional-cab trucks will be available in both two-wheel-drive and four-wheel-drive configurations and will feature Spicer® S-Series drive axles, Spicer D-Series steer axles,… Continue reading Dana Selected as Driveline Supplier for All-New Chevrolet Silverado Class 4, 5, and 6 Chassis Cab Trucks
Lear Corporation Expands Seating Structures Plant in Valença, Portugal
SOUTHFIELD, Mich., March 21, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today announced the opening of the expansion of its automotive seating structures manufacturing facility in Valença, Portugal. Peter Hagemann, Lear’s vice president for European structures operations, will welcome Ana Teresa Lehmann, Portugal’s secretary of state… Continue reading Lear Corporation Expands Seating Structures Plant in Valença, Portugal
Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution
BOZEMAN, Mont., March 20, 2018 /PRNewswire/ — Blackmore Sensors and Analytics, Inc., a leading developer of frequency-modulated continuous wave (FMCW) lidar for the automotive industry, announced today that it has raised $18 million in a Series B funding round led by BMW i Ventures. Additional investment comes from Toyota AI Ventures, Millennium Technology Value Partners… Continue reading Blackmore Sensors and Analytics Raises $18 Million Series B Financing Round to Scale Automotive Lidar Solution
Ballard Fuel Cell Module to Power Hybrid UPS Delivery Van Trial Program in California
VANCOUVER, March 19, 2018 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it has signed a contract with CALSTART (www.calstart.org) for a Ballard 30 kilowatt (kW) FCveloCity®-MD fuel cell module to be used in a trial and development program involving UPS Class-6 delivery vans operating in California’s South Coast Air Basin, including… Continue reading Ballard Fuel Cell Module to Power Hybrid UPS Delivery Van Trial Program in California
Teamsters Statement On Fatal Uber ‘Driverless’ Vehicle Collision
WASHINGTON, March 19, 2018 /PRNewswire-USNewswire/ — The Teamsters Union continues to stress its concerns with the testing and implementation of self-driving technology after a ‘driverless’ Uber in autonomous mode struck and killed a pedestrian in Tempe, Arizona, overnight. Uber has since temporarily halted its driverless testing program in Arizona, Pittsburgh, San Francisco and Toronto. Last… Continue reading Teamsters Statement On Fatal Uber ‘Driverless’ Vehicle Collision
Group 1 Announces Market Conditions and Costs Associated with Strategic Initiatives Will Negatively Impact First Quarter Results
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
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