STOCKHOLM, April 24, 2020 /PRNewswire/ — Financial Summary – Q1’20 Underlying financial results better than expected, due to our Market Adjustment Initiatives (MAI) Net Sales $362 million Net Sales decline 27% including Organic Sales1 decline 15%, 9pp better than the global LVP Active Safety Net Sales decline 15% including Organic Sales decline of 13% Operating… Continue reading Veoneer: Financial Report January – March 2020
Author: PR Newswire Online News
Veoneer to Focus on Core Electronics Business
STOCKHOLM, April 23, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE) and (SSE: VNE SDB), has, following a strategic review, decided to exit the brake control business and has signed a non-binding agreement with a well-established automotive supplier to divest Veoneer’s yet to be launched US brake control programs. Following the strategic review… Continue reading Veoneer to Focus on Core Electronics Business
Kia Motors Delivers 15,000 Medical Use Face Shields To The Georgia Emergency Management Agency
“Kia Motors Manufacturing Georgia asked how they could help, and then stepped up to provide life-saving equipment for the heroes on the front lines in the battle against COVID-19,” said Georgia Department of Economic Development Commissioner, Pat Wilson. “We thank Kia once again for being such a strong partner in our Georgia-made family.” Face shields are… Continue reading Kia Motors Delivers 15,000 Medical Use Face Shields To The Georgia Emergency Management Agency
Hellobike Launches Yunqi, the Next-Generation E-Bike, to Offer a Safer, More Efficient Urban Transportation Solution to Help Citizens Maintain Social Distancing
As China has seen a drastic drop in the number of newly confirmed cases of COVID-19, many cities are emerging from the lockdown. While people are turning to shared mobility services to maintain a safe physical distance to avoid the resurgence of the virus, E-bike is becoming a popular mode of transportation among urbanites. According… Continue reading Hellobike Launches Yunqi, the Next-Generation E-Bike, to Offer a Safer, More Efficient Urban Transportation Solution to Help Citizens Maintain Social Distancing
The Volvo Group and Daimler Truck AG to Lead the Development of Sustainable Transportation by Forming Joint Venture for Large-scale Production of Fuel Cells
GÖTEBORG, Sweden, April 21, 2020 /PRNewswire/ — Sharing the Green Deal vision of sustainable transport and a carbon neutral Europe by 2050, two leading companies in the commercial vehicle industry, Daimler Truck AG and the Volvo Group, have signed a preliminary non-binding agreement to establish a new joint venture. The intention is to develop, produce… Continue reading The Volvo Group and Daimler Truck AG to Lead the Development of Sustainable Transportation by Forming Joint Venture for Large-scale Production of Fuel Cells
Kia Motors Producing Protective Face Shields At U.S. Manufacturing Plant For Use By Healthcare Workers Across The Country
With a monthly capacity of 200,000 units, the face shields are being assembled by paid volunteers from KMMG, which has implemented a series of safety measures to protect team members, including: conducting temperature scans, providing face masks and gloves, and staggering work stations. Materials are being sourced from vendors such as 3-Dimensional Services Group, a Michigan-based… Continue reading Kia Motors Producing Protective Face Shields At U.S. Manufacturing Plant For Use By Healthcare Workers Across The Country
Toyota North America Announces Executive Changes
PLANO, Texas, April 17, 2020 /PRNewswire/ — Toyota Motor North America (TMNA) and Toyota Financial Services (TFS) announced executive changes that further strengthen the companies’ leadership in key areas. Holly Walters, president and chief executive officer of Toyota Financial Savings Bank (TFSB) is promoted to chief information officer and group vice president of information systems for… Continue reading Toyota North America Announces Executive Changes
Burgess Norton Selected by Tenneco to Supply Powertrain Components
GENEVA, Ill., April 16, 2020 /PRNewswire/ — Burgess Norton (BN) announced today that the company has reached agreement with Tenneco Inc. to provide its full range of piston pin technology and bearing surface finish solutions for the Tenneco Powertrain Business Group. Tenneco is a world leader in gasoline and diesel engine piston technologies. “This agreement is… Continue reading Burgess Norton Selected by Tenneco to Supply Powertrain Components
FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
FCA works to manage the societal and environmental impacts of its activities and products and to develop innovative solutions to reduce its total environmental footprint. The Company embraces its operational responsibility to contribute to the relevant Sustainable Development Goals (SDGs) supporting the United Nations 2030 Agenda. In 2019, the Company further reduced its environmental footprint… Continue reading FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community
Developed for frontline healthcare workers and individuals in the community with high risk for infection, such as soup kitchens, nursing homes and other essential organizations, these masks will contribute to the fight against the contagion as ZF shifts production of some of its normal automotive safety products to this now critically needed item. “The world… Continue reading ZF Partners with Detroit Sewn to Manufacture 100,000 Face Masks for Community