TOKYO, May 13, 2022 /PRNewswire/ — Despite certain unfavorable factors such as the resurgence of COVID-19, a decrease in automobile unit sales due to the semiconductor supply shortage and an increase in the cost of raw materials, consolidated operating profit for the fiscal year amounted to 871.2 billion yen, a year-on-year increase by 211.0 billion… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Year Ended March 31, 2022 and Forecasts for the Fiscal Year Ending March 31, 2023
Author: PR Newswire Online News
Pininfarina launches its first ever NFT Collection dedicated to the Modulo
The NFT Collection is inspired by the original “one-off” sketches of the Modulo, preserved till now in Pininfarina’s private archive, and developed with the active collaboration of the Pininfarina design Team. Each unique NFT comprises a package of artistic and experiential components that allow NFT owners to become part of the Pininfarina’s iconic legacy by… Continue reading Pininfarina launches its first ever NFT Collection dedicated to the Modulo
Hyundai Mobis inks MoU to develop software platform
MOU with the AUTOSAR software platform expert Vector expected to boost software platform competitiveness. The partnership is a preemptive move for forecasted increase in demand from global clients for software-installed auto components related to autonomous driving and infotainment. SEOUL, South Korea, May 12, 2022 /PRNewswire/ — Hyundai Mobis and Vector have agreed to the joint development… Continue reading Hyundai Mobis inks MoU to develop software platform
THOR PUBLISHES NORTH AMERICAN MOTORIZED ELECTRIC RV STUDY RESULTS
Global RV Leader Reveals Key Insights About Consumer Expectations for Motorized Electric RVs ELKHART, Ind., May 12, 2022 /PRNewswire/ — THOR Industries, Inc. (NYSE: THO) announced the release of the company’s North American Motorized Electric RV Study, which explores consumer expectations, key purchase motivators and electric infrastructure development needs. The global RV industry leader is utilizing… Continue reading THOR PUBLISHES NORTH AMERICAN MOTORIZED ELECTRIC RV STUDY RESULTS
Hyundai Mobis Signs a Strategic Partnership for Software Platform Development
– MOU with the AUTOSAR software platform expert Vector expected to boost software platform competitiveness. – The partnership is a preemptive move for forecasted increase in demand from global clients for software-installed auto components related to autonomous driving and infotainment. SEOUL, South Korea, May 12, 2022 /PRNewswire/ — Hyundai Mobis and Vector have agreed to… Continue reading Hyundai Mobis Signs a Strategic Partnership for Software Platform Development
ATLAS REPORTS FIRST QUARTER 2022 RESULTS
First quarter 2022 financial performance compared to first quarter 2021: Revenue growth of 9.5% to $408.1 million Net earnings of $169.4 million and Diluted EPS of $0.56 Adjusted EBITDA(1) growth of 16.5% to $277.1 million Adjusted diluted EPS(1) growth of 56.0% to $0.39 FFO per diluted share(1) growth of 21.7% to $0.73 Robust balance sheet… Continue reading ATLAS REPORTS FIRST QUARTER 2022 RESULTS
AMERICAN BATTERY FACTORY NAMES FORMER TESLA BATTERY CELL SCALING EXPERT JAMES HERBERMANN VICE PRESIDENT OF MANUFACTURING
“James brings to American Battery Factory incredible perspective and front row experiences in evolving battery cell technology and is the perfect complement to our team as we begin our journey to develop a domestic battery manufacturing ecosystem that will make energy independence and renewable energy a reality for the United States,” said Paul Charles, CEO… Continue reading AMERICAN BATTERY FACTORY NAMES FORMER TESLA BATTERY CELL SCALING EXPERT JAMES HERBERMANN VICE PRESIDENT OF MANUFACTURING
Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2022
CHENGDU, China, May 11, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of… Continue reading Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2022
Dana and Lion Electric Co. Announce Long-term Agreement for Electrified Systems
MAUMEE, Ohio, May 10, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has confirmed its strategic supply relationship with current OEM partner Lion Electric Co. to support its line-up of electric buses as well as medium- and heavy-duty trucks. The strategic relationship covers the supply of the electric drive systems, including electric motors,… Continue reading Dana and Lion Electric Co. Announce Long-term Agreement for Electrified Systems
CANOO INC. ANNOUNCES FIRST QUARTER 2022 RESULTS
$300 million in total funding via a committed PIPE from an existing shareholder and an equity purchase agreement with financing partner Yorkville Advisors In addition, the Company has filed a $300 million universal shelf A total of $600 million in accessible capital to optimize the Company’s financial needs to SOP JUSTIN, Texas, May 10, 2022… Continue reading CANOO INC. ANNOUNCES FIRST QUARTER 2022 RESULTS