Subaru of America, Inc. today reported 48,300 vehicle sales for February 2021, a 6.6 percent decrease compared to the February sales record set in 2020 (51,695). The automaker also reported year-to-date sales of 94,700, a 3.4 percent decline compared to the same period in 2020. “In February, Mother Nature brought us a multitude of challenges;… Continue reading Subaru of America, Inc. Reports February Sales
Author: PR Newswire Online News
Volvo Cars launches new, pure electric Volvo C40 Recharge
Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years. Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car… Continue reading Volvo Cars launches new, pure electric Volvo C40 Recharge
LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Automotive Wi-Fi 6E modules are near-field wireless communication components connecting in-vehicle infotainment (IVI) systems, which control driving information and multimedia content, to internal smart devices and external routers. With the next-generation Wi-Fi 6E (6th Generation Extended) technology using 6GHz bandwidth, the module boasts data transmission speeds approximately 3 times faster than the existing Wi-Fi 5.… Continue reading LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Composites One Acquires Process Materials Business from Solvay
Introducing Aerovac – Major Supplier/Manufacturer of Process Materials and Tooling SCHAUMBURG, Ill., March 2, 2021 /PRNewswire/ — Composites One, the leading North American supplier of composites materials and value added services, has completed its purchase of the Process Materials business from the Solvay Composites Materials Global Business. The acquisition is a unique opportunity for the company… Continue reading Composites One Acquires Process Materials Business from Solvay
Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric
Gothenburg, SWEDEN and Stuttgart, GERMANY, March 1, 2021 /PRNewswire/ — Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately… Continue reading Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric
Polestar Cars to Open 15 New U.S. Showrooms in 2021
With at-home test drives already available, the first of the new retail Spaces will open by early spring in Austin, Texas, Boston and Denver. Specific showroom details are available at Polestar.com/Spaces. Additional information pertaining to the locations in Washington D.C., Seattle and Florida will be announced soon. In the latter half of 2021, Polestar anticipates opening… Continue reading Polestar Cars to Open 15 New U.S. Showrooms in 2021
Hyzon Motors to Build United States’ Largest Fuel Cell Material Production Facility
ROCHESTER, N.Y., March 1, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon” or the “Company”), a leading supplier of zero-emission hydrogen fuel cell powered heavy vehicles, today announced plans to build the largest fuel cell membrane electrode assembly (MEA) production line for commercial vehicles in the United States at its new Hyzon Innovation Center located in Bolingbrook,… Continue reading Hyzon Motors to Build United States’ Largest Fuel Cell Material Production Facility
Dana Acquires Pi Innovo LLC, Further Enhancing e-Propulsion Software, Controls, and Electronics Capabilities
MAUMEE, Ohio, March 1, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has acquired Pi Innovo LLC a leader in embedded software solutions and electronic control units to support the light vehicle, commercial vehicle, and off-highway markets. Dana previously held a non-controlling interest. Headquartered near Detroit, Michigan, USA, the acquisition of Pi Innovo… Continue reading Dana Acquires Pi Innovo LLC, Further Enhancing e-Propulsion Software, Controls, and Electronics Capabilities
Nikola Corporation Reports Fourth Quarter and Full Year 2020 Results
PHOENIX, Feb. 25, 2021 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, today reported financial results for the quarter and full year ended December 31, 2020. “In the fourth quarter of 2020, Nikola made the necessary changes to refocus and realign the company. You have seen us restructure our agreement… Continue reading Nikola Corporation Reports Fourth Quarter and Full Year 2020 Results
German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round
The round attracted renowned international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder & CEO of Moore Capital Management, LP; John Snow, Previous U.S. Secretary of Treasury; Alejandro Agag, the founder and Chairman of Formula E and a pioneer in EV racing… Continue reading German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round