Author: PR Newswire Online News

BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider

BERLIN, Feb. 22, 2019 /PRNewswire/ — Game-changing new player to enter growing market for urban mobility Vision: all-electric, autonomous, on-demand mobility Five joint ventures to be established: REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW Services already have roughly 60 million customers worldwide Plans to create up to 1,000 new jobs worldwide… Continue reading BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider

Motiv Power Systems Welcomes Ford Industry Veteran, Matt O’Leary, as New CEO

“This transition is really a natural byproduct of the tremendous market success that Motiv has experienced, and the future growth plans we are putting in place,” said O’Leary. “The number of recent key partner and supplier agreements Motiv has secured over the past year, including sales to USPS and a strategic partnership with Winnebago, as… Continue reading Motiv Power Systems Welcomes Ford Industry Veteran, Matt O’Leary, as New CEO

AAM Reports Fourth Quarter and Full Year 2018 Financial Results

DETROIT, Feb. 15, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2018 and confirmed its full year 2019 financial outlook. Fourth Quarter 2018 Results Sales of $1.69 billion Net loss attributable to AAM of $361.8 million, or (21.4)% of sales, which… Continue reading AAM Reports Fourth Quarter and Full Year 2018 Financial Results

BorgWarner Announces Three Year Net New Business Backlog of $2.0 Billion to $2.4 Billion

AUBURN HILLS, Mich., Feb. 14, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA), a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, today announced its three-year net new business backlog of $2.0 billion to $2.4 billion. Three-Year Net New Business BacklogThe company expects its net new business backlog to drive organic… Continue reading BorgWarner Announces Three Year Net New Business Backlog of $2.0 Billion to $2.4 Billion