CINCINNATI, Nov. 8, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the third quarter ended September 30, 2019. Third Quarter and Recent Operational Highlights November 2019: Signed Intellectual Property Licensing Agreement (IPLA)… Continue reading Workhorse Group Reports Third Quarter 2019 Results
Author: PR Newswire Online News
Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.
CINCINNATI, Nov. 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into an intellectual property licensing agreement (“IPLA”) with Lordstown Motors Corp. (“LMC”), a private corporate entity founded by former Workhorse CEO Steve Burns. The… Continue reading Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.
VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases
MISSION, Kan., Nov. 7, 2019 /PRNewswire/ — VinSolutions and INFINITI announce the integration between INFINITI’s ICAR-X Sales app and VinSolutions Connect CRM, combining the two databases to give retailers unabridged access to key customer information from one centralized source. Through this integration INFINITI retailers now have the enhanced ability to offer a seamless online to in-store experience… Continue reading VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases
Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth
“Karma is evolving beyond a car company to become a tech-driven brand equally focused on being an important engineering, design, customization resource and high-tech incubator to others,” said Karma CEO Dr. Lance Zhou. “As the only company creating and building cars in Southern California today, Karma’s presence at these two major automotive forums reinforces our… Continue reading Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth
Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
SEATTLE, Nov. 7, 2019 /PRNewswire/ — Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., today announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation. The funding will accelerate… Continue reading Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
PLYMOUTH, Mich., Nov. 7, 2019 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced fourth quarter and full-year 2019 financial results. Impacted by one-time, non-cash charges, Q4 GAAP net loss and EPS diluted of $(4) million and $(0.04), respectively; Q4 Adj.-EPS diluted of $0.63 Q4 Adj.-EBIT and Adj.-EBITDA of $138 million… Continue reading Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
Cars.com Reports Third Quarter 2019 Results
CHICAGO, Nov. 6, 2019 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended September 30, 2019. Q3 Financial Highlights Revenue of $152.1 million, down $17.2 million, or 10%, year-over-year, in line with expectations Non-cash… Continue reading Cars.com Reports Third Quarter 2019 Results
Hyundai Autron Selects BlackBerry QNX to Power Next-Generation ADAS and Autonomous Driving Software Platform
WATERLOO, Ontario and SEOUL, South Korea, Nov. 5, 2019 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Hyundai Autron has selected BlackBerry QNX to power its next-generation advanced driver-assistance systems (ADAS) and autonomous driving software platform. Hyundai Autron, a subsidiary of South Korea’s largest automobile manufacturer Hyundai Motor Group, is a leading research and development… Continue reading Hyundai Autron Selects BlackBerry QNX to Power Next-Generation ADAS and Autonomous Driving Software Platform
Dana Prices $300 Million in Senior Notes Offering
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its previously announced offering of senior unsecured notes of $300 million at 5.375% due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in the company’s previously… Continue reading Dana Prices $300 Million in Senior Notes Offering
Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021
Landmark autonomous race to take place at Indianapolis Motor Speedway in 2021. IMS, Energy Systems Network, Dallara Automobili and Clemson University join forces to power competition featuring $1 million prize. Five universities already registered to form race teams and enter the event. The birthplace of motorsports innovation soon will be home to a historic, trailblazing… Continue reading Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021