Author: PR Newswire Online News

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

Subaru of America Announces Major Recycling Milestone

“This milestone means a lot to us at Subaru because it reinforces our belief that loving the environment means more than loving the great outdoors,” said Alan Bethke, Senior Vice President of Marketing, Subaru of America, Inc. “Through our partnership with TerraCycle, in less than a year, more than 540 participating Subaru retailers located across… Continue reading Subaru of America Announces Major Recycling Milestone

Supervisory Board of Daimler AG extends contract with Britta Seeger

STUTTGART, Germany, Feb. 13, 2019 /PRNewswire/ — Extension of the contract for five years until December 31, 2024 Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG: “We are very happy to continue working with Britta Seeger. She is leading Marketing and Sales of Mercedes-Benz Cars with great success. In the past year, Mercedes-Benz… Continue reading Supervisory Board of Daimler AG extends contract with Britta Seeger

Subaru Confirms First Electrified Models Planned for Europe

     (Photo: https://mma.prnewswire.com/media/819686/Subaru_e_BOXER.jpg ) The two e-BOXER powered models will be unveiled during the press conference scheduled on 5th March at 10:45 a.m. (CET).   Subaru will also display the latest iteration of the Levorg featuring a redesigned front bonnet and newly equipped with 2.0L NA BOXER Engine. A dedicated e-BOXER website will open on… Continue reading Subaru Confirms First Electrified Models Planned for Europe