LAKE FOREST, Ill., Nov. 2, 2020 /PRNewswire/ — Tenneco (NYSE: TEN) today announced results for the third quarter ended September 30, 2020, including the following: Revenue of $4.3 billion, down 2% versus prior year, excluding favorable currency of $17 million. Value-add revenue for the third quarter 2020 was $3.3 billion, versus $3.5 billion in the prior… Continue reading Tenneco Reports Third Quarter 2020 Results
Author: PR Newswire Online News
Joint venture for large-scale production of fuel-cells: Volvo Group and Daimler Truck AG sign binding agreement for new fuel-cell joint venture
GOTHENBURG, Sweden, Nov. 2, 2020 /PRNewswire/ — The Volvo Group and Daimler Truck AG have now a signed binding agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications. The ambition of both partners is to make the new… Continue reading Joint venture for large-scale production of fuel-cells: Volvo Group and Daimler Truck AG sign binding agreement for new fuel-cell joint venture
Soriano Motori unveils its V1-GARA “Giaguaro” EV this week: a historic brand turned into a revolution
Soriano Motori, the historic brand, on Thursday 5th November unveils the Giaguaro V1-Gara model, its state-of-the-art EV Tweet this “We manufacture a 100% MADE IN ITALY product, which is defined by elegance, innovation and high level of engineering in the motorcycle sector,” said M.A. Soriano, Founder. SM has achieved the impossible in a context of… Continue reading Soriano Motori unveils its V1-GARA “Giaguaro” EV this week: a historic brand turned into a revolution
Ducati Records Best Third Quarter Ever Despite Complex Global Situation
2020 has been an extremely complex year due to the COVID-19 pandemic. Ducati, putting the safety of its employees first, immediately adopted all the necessary preventive measures (remote working and production stop of six weeks right at the peak of the season), reacting in a fast and flexible way to the changes imposed by the… Continue reading Ducati Records Best Third Quarter Ever Despite Complex Global Situation
FlashParking Announces Expansion of Mobility Ecosystem
AUSTIN, Texas, Oct. 30, 2020 /PRNewswire/ — FlashParking, the leader in mobility hub technology, announces today the expansion of their ecosystem with key mobility services that maximize parking asset utilization and enhance the consumer experience. By teaming with Bird, the pioneer in shared electric scooters, and EVBox, a global manufacturer of electric vehicle charging stations, FlashParking… Continue reading FlashParking Announces Expansion of Mobility Ecosystem
Lear Reports Third Quarter 2020 Results and Provides Full Year 2020 Outlook
SOUTHFIELD, Mich., Oct. 30, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2020 and provided its financial outlook for the full year 2020. Third Quarter 2020 Highlights Sales of $4.9 billion, compared to $4.8 billion in the third quarter of 2019… Continue reading Lear Reports Third Quarter 2020 Results and Provides Full Year 2020 Outlook
Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motor’s acquisition of UD… Continue reading Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
Stoneridge Reports Strong Third-Quarter 2020 Results
NOVI, Mich., Oct. 28, 2020 /PRNewswire/ — 2020 Third-Quarter Results Earnings per diluted share (“EPS”) of $0.25 Adjusted EPS of $0.18 Sales of $175.8 million Gross profit of $46.0 million Adjusted gross profit of $46.7 million (26.5% of sales) Operating income of $9.8 million Adjusted operating income of $8.2 million (4.7% of sales) Adjusted… Continue reading Stoneridge Reports Strong Third-Quarter 2020 Results
Announcing The Hennessey VelociRaptor V8 Bronco
The 2021 Bronco may be one of the most highly desired vehicles since the introduction of the Ford GT. Tweet this “Over the past two years we have built over 70 Gen 2 Ford Raptors for our customers by removing the EcoBoost V6 and replacing it with the same 750 HP supercharged 5.0 V8. I wanted… Continue reading Announcing The Hennessey VelociRaptor V8 Bronco
Applied Intuition raises $125M Series C from existing investors Lux Capital, Andreessen Horowitz, and General Catalyst
Simulation and associated infrastructure are critical to the advancement of autonomous technology. Autonomous vehicle programs use Applied Intuition’s software toolset to validate and verify the safety, comfort, and functionalities of their vehicles. Applied Intuition was founded in 2017 with a mission to make it faster, safer, and easier to bring autonomy to the market. As… Continue reading Applied Intuition raises $125M Series C from existing investors Lux Capital, Andreessen Horowitz, and General Catalyst