Author: PR Newswire Online News

BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio

AUBURN HILLS, Mich., May 7, 2019 /PRNewswire/ — With global expertise supplying combustion, hybrid and electric vehicle propulsion solutions, BorgWarner is continuing to build its electrification portfolio and systems expertise by agreeing to form a joint venture with Romeo Power Technology, a technology-leading battery module and pack supplier. This new joint venture will be split 60/40… Continue reading BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio

Delphi Technologies reports first quarter 2019 financial results

Revenue of $1.2 billion, down 6%(*) year-on-year U.S. GAAP net income of $16 million, diluted earnings per share of $0.18 Excluding special items, earnings of $0.67 per diluted share U.S. GAAP operating income of $55 million, or 4.8% margin Adjusted operating income of $87 million, or 7.6% margin Generated $21 million of cash from operating… Continue reading Delphi Technologies reports first quarter 2019 financial results

Kia Motors America Announces April Sales

“Telluride is Kia’s fastest turning vehicle in America right now and its popularity is driving new customers into Kia showrooms on a daily basis,” said Bill Peffer, vice president, sales operations, Kia Motors America.  “When you add the new 2020 Soul launch campaign which is airing now and Kia’s Summer Sales Program which is set… Continue reading Kia Motors America Announces April Sales