STUTTGART, Germany, May 20, 2021 /PRNewswire/ — Daimler Truck hosts inaugural Strategy Day for investors and analysts, setting out financial and technology goals Determined to raise performance and deliver strong shareholder returns Targeting benchmark margins in each region, and an overall double-digit operating margin for the Group by 2025, in a scenario with strong market… Continue reading Daimler Truck sets out ambitions as an independent company
Author: PR Newswire Online News
Daimler Truck AG and CATL expand global partnership: joint development of sophisticated truck-focused batteries and supply agreed beyond 2030
CATL to supply batteries for Mercedes-Benz eActros LongHaul truck starting 2024 The partners intend to jointly design and develop even more advanced next-generation battery cells and packs for truck specific applications Martin Daum, CEO of Daimler Truck AG: “Expanding and strengthening our strong collaboration with CATL will play a key role as we accelerate our… Continue reading Daimler Truck AG and CATL expand global partnership: joint development of sophisticated truck-focused batteries and supply agreed beyond 2030
Kia America Debuts in US.
Plan S, or Plan Shift, is Kia’s ambitious $25 billion transformative strategy. Plan S includes sustainable mobility, delivery vehicles and personal transport solutions through Kia’s PBV platform as well as developing Kia’s Mobility as a Service strategy. Plan S will also see the launch of 11 EVs on a global basis by 2026. The first… Continue reading Kia America Debuts in US.
Zero Electric Vehicles, Inc., (ZEV) Announces its Class 3 Conversion Kit to Eliminate 144 million Pounds of CO2 Emissions from our Atmosphere in 12 Months
ZEV’s proprietary platform enables rapid conversion of diesel and gas cargo and passenger vehicles to 100% electric with no change to vehicle weight distribution or payload capacity. This Conversion Kit is currently available for Class 3 Sprinter 2500 Cargo and Passenger Vans and will quickly extend to other vehicle types, including the Ford Transit. “Fleet… Continue reading Zero Electric Vehicles, Inc., (ZEV) Announces its Class 3 Conversion Kit to Eliminate 144 million Pounds of CO2 Emissions from our Atmosphere in 12 Months
Autoliv Expanding Steering Wheel Manufacturing
AUBURN HILLS, Michigan, May 18, 2021 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced plans to construct a new steering wheel manufacturing plant in Aguascalientes, Mexico. When fully operational the 30,000 sqm/322,000 sq ft facility will have the potential to employ up to 3,000 people. “We are… Continue reading Autoliv Expanding Steering Wheel Manufacturing
Canoo & University of Wisconsin-Madison partner on next-generation electric vehicle technologies
In May 2021, the two organizations signed a memorandum of understanding through which they will collaborate toward the development of a Canoo research center at UW-Madison. The center will advance research in electric propulsion technologies with a goal of increasing electric vehicle utility while reducing burdens on finite natural resources. The partnership intends to create… Continue reading Canoo & University of Wisconsin-Madison partner on next-generation electric vehicle technologies
FIA Foundation: Governments must commit to Streets for Life with 30 km/h urban streets for livable cities, say global agencies, NGOs
LONDON, May 17, 2021 /PRNewswire/ — Governments urgently need to limit speeds to 30 km/h (20 mph) on streets where people walk, live and play, says a new call to action from leading global agencies, NGOs and policymakers as part of COVID-19 response and recovery during the Streets For Life campaign for UN Global Road… Continue reading FIA Foundation: Governments must commit to Streets for Life with 30 km/h urban streets for livable cities, say global agencies, NGOs
UAW Rejects Tentative Agreement with Volvo Trucks North America
GREENSBORO, N.C., May 16, 2021 /PRNewswire/ — Volvo Trucks North America today announced that employees represented by the United Auto Workers (UAW) rejected a new five-year labor agreement covering approximately 2,900 members of UAW Local #2069 at the New River Valley truck assembly operations in Dublin, Virginia. The company has been informed that UAW-represented employees… Continue reading UAW Rejects Tentative Agreement with Volvo Trucks North America
Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition
AKRON, Ohio, May 14, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 (the “2029 notes”) and $600 million aggregate principal amount of senior notes due 2031 (the “2031 notes,” and together… Continue reading Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition
Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Year Ended March 31, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022
TOKYO, May 14, 2021 /PRNewswire/ — Despite some unfavorable factors such as a decrease in demand due to the impact of the COVID-19 pandemic and the impact of semiconductor supply shortages, consolidated operating profit for the fiscal year ended March 31, 2021 (FY21) amounted to 660.2 billion yen due primarily to control of selling, general… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Year Ended March 31, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022