The investment positions Solid Power to produce full-scale automotive batteries, increase associated material output and expand in-house production capabilities for future vehicle integration. The BMW Group and Ford aim to utilize Solid Power’s low-cost, high-energy all solid-state battery technology in forthcoming electric vehicles. “BMW and Ford now share leading positions in the race for all… Continue reading BMW and Ford Invest in Solid Power to Secure All Solid-State Batteries for Future Electric Vehicles
Author: PR Newswire Online News
Karooooo Ltd. to Announce First Quarter 2021 Financial Results on May 06, 2021
Karooooo Ltd. Cartrack SINGAPORE, April 30, 2021 /PRNewswire/ — Karooooo Ltd. (NASDAQ: KARO), owner of Cartrack Holdings, a provider of a leading global mobility SaaS platform that maximizes the value of automotive and workflow data by providing real-time data analytics solutions for smart transportation, announced today that it will report financial results for the first quarter… Continue reading Karooooo Ltd. to Announce First Quarter 2021 Financial Results on May 06, 2021
Tenneco Monroe® Intelligent Suspension Technology to be Featured on Volkswagen ID.4 Electric SUV
LAKE FOREST, Ill., April 30, 2021 /PRNewswire/ — The Volkswagen ID.4 crossover SUV, the second model in the automaker’s new series of all-electric vehicles, features for Europe and China an optional Continuously Variable Semi-Active suspension with external valve (CVSAe) technology from Tenneco. The CVSAe system is one of several advanced suspension technologies available within Tenneco’s… Continue reading Tenneco Monroe® Intelligent Suspension Technology to be Featured on Volkswagen ID.4 Electric SUV
Dana Prices $400 Million Senior Notes Offering
MAUMEE, Ohio, April 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its offering of $400 million aggregate principal amount of 4.250% Senior Notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future… Continue reading Dana Prices $400 Million Senior Notes Offering
Safelite Group Acquires Troy Auto Glass
COLUMBUS, Ohio, April 29, 2021 /PRNewswire/ — Safelite® Group, the nation’s leading vehicle glass services and recalibration company and owner of Safelite® AutoGlass, announced today an agreement to acquire the assets of Troy Auto Glass in Troy, Michigan. The transaction was completed on Wednesday, April 28, 2021. “Welcoming associates from Troy Auto Glass is such a… Continue reading Safelite Group Acquires Troy Auto Glass
Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
ROCHESTER, N.Y. and RIYADH, Saudi Arabia, April 29, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group (“Modern Group”), a Saudi industrial conglomerate, today announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development… Continue reading Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
Nexteer Automotive Elevates Software Engineering Organization
AUBURN HILLS, Mich., April 29, 2021 /PRNewswire/ — As vehicles are fast becoming more software-enabled, cloud-connected devices, global OEMs’ needs are growing exponentially in software-enabled steering features and other software-centric motion control applications. Consequently, Nexteer Automotive is elevating its global Software Engineering organization to meet the ever-expanding software needs of its global OEM customer base. Software… Continue reading Nexteer Automotive Elevates Software Engineering Organization
Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
GOTHENBURG, Sweden and STUTTGART, Germany, April 29, 2021 /PRNewswire/ — Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With… Continue reading Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
All-New 11th Generation Civic Sedan Fully Revealed in Production Form with Sporty Design, Advanced Technology, Cutting-Edge Safety Features
As Honda’s longest-running automotive nameplate, Americans have purchased more than 12 million Civics since 1973, making it one of the top three best-selling passenger cars in America over the past 48 years. With sales of more than 1.7 million units over the last five years, Civic has been the No. 1 model in America –… Continue reading All-New 11th Generation Civic Sedan Fully Revealed in Production Form with Sporty Design, Advanced Technology, Cutting-Edge Safety Features
Stoneridge Reports First-Quarter 2021 Results
NOVI, Mich., April 28, 2021 /PRNewswire/ — 2021 First-Quarter Results Earnings per diluted share (“EPS”) of $0.00 Adjusted EPS of $0.06 Sales of $193.8 million Adjusted sales of $192.8 Gross profit of $46.1 million Adjusted gross profit of $46.7 million (24.2% of sales) Operating income of $2.1 million Adjusted operating income of $3.6 million (1.8%… Continue reading Stoneridge Reports First-Quarter 2021 Results