GUELPH, ON, May 30, 2023 /CNW/ – Linamar Corporation (TSX: LNR) has reached a definitive agreement with Dura-Shiloh, a Middleground Capital portfolio company, to acquire its Battery Enclosures business for a total of $325M USD in all-cash consideration. The deal includes three factory locations in Alabama, US; Czechia; and North Macedonia. It is expected to… Continue reading Linamar Acquires 3 Battery Enclosures Factories Accelerating Electrification Evolution
Author: Yarhow_Finance Online News
GWM Expands Global Reach with TANK500 launched in UAE
BAODING, China, May 31, 2023 /PRNewswire/ — On May 29, GWM launched TANK500 in the United Arab Emirates (UAE) market. The launch event was held in Dubai, United Arab Emirates, attracting the attention and experience of a large number of GWM fans. GWM Expands Global Reach with TANK500 launched in UAE More than 140 guests… Continue reading GWM Expands Global Reach with TANK500 launched in UAE
Chinese Island Shows the Way to an All-Electric Future by 2030
(Bloomberg) — Forget about range anxiety in Hainan. Most Read from Bloomberg With more than 75,000 charging points, electric vehicle owners in urban areas of the tropical island in southern China are usually no more than a mile or two away from somewhere to power up their cars. The extensive network is part of a… Continue reading Chinese Island Shows the Way to an All-Electric Future by 2030
Long-Time Borg-Warner Trophy® Sculptor William Behrends Presented with Honorary Baby Borg
Award presented at annual Indianapolis 500 Victory Celebration Behrends has sculpted Indy 500 winners for past 33 years Thirty-three coincides with the number of drivers in the Indy 500 starting line AUBURN HILLS, Mich., May 30, 2023 /PRNewswire/ — William Behrends, the sculptor behind the iconic faces on the prestigious Borg-Warner Trophy®, has been honored… Continue reading Long-Time Borg-Warner Trophy® Sculptor William Behrends Presented with Honorary Baby Borg
Borg-Warner Trophy® Awarded to 2023 Indianapolis 500 Winner Josef Newgarden
Josef Newgarden’s name added to the prestigious list of Indy 500 victors Newgarden beat defending champion Marcus Ericsson in fourth closest finish in Indy 500 history by 0.974 seconds BorgWarner’s Engineered for Racing (EFR™) turbochargers featured on all NTT INDYCAR SERIES© racecars since 2012 AUBURN HILLS, Mich., May 29, 2023 /PRNewswire/ — After crossing the… Continue reading Borg-Warner Trophy® Awarded to 2023 Indianapolis 500 Winner Josef Newgarden
Magnus Jarlegren named the next President of Autoliv Europe
STOCKHOLM, May 30, 2023 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, has appointed Magnus Jarlegren, currently Executive Vice President, Operations, as the next President Autoliv Europe effective June 1, 2023. Magnus Jarlegren succeeds Frithjof Oldorff who will leave Autoliv to pursue new opportunities. Magnus Jarlegren brings extensive… Continue reading Magnus Jarlegren named the next President of Autoliv Europe
China’s Great Wall Motor plans EV battery assembly, research in Thailand
By Devjyot Ghoshal BANGKOK (Reuters) – China’s Great Wall Motor Co Ltd is finalising plans to invest up to $30 million to set up a new battery pack assembly plant in Thailand, where it will start making a compact electric car next year, according to a company official. The Hebei-based company is also considering establishing… Continue reading China’s Great Wall Motor plans EV battery assembly, research in Thailand
14 Best Self-Driving Car Stocks To Invest In
In this article, we will take a look at the 14 best self-driving car stocks to invest in. For more stocks, head on over to 5 Best Self-Driving Car Stocks To Invest In. According to Fortune Business Insights, the autonomous cars market size is expected to increase from $1.63 billion in 2022 to $19.96 billion… Continue reading 14 Best Self-Driving Car Stocks To Invest In
Adient (NYSE:ADNT) shareholders have earned a 26% CAGR over the last three years
It hasn’t been the best quarter for Adient plc (NYSE:ADNT) shareholders, since the share price has fallen 18% in that time. But that shouldn’t obscure the pleasing returns achieved by shareholders over the last three years. In fact, the company’s share price bested the return of its market index in that time, posting a gain… Continue reading Adient (NYSE:ADNT) shareholders have earned a 26% CAGR over the last three years
Goodyear’s India unit posts near two-fold jump in Q4 profit on easing costs
BENGALURU, May 29 (Reuters) – Tyre manufacturer Goodyear India Ltd on Monday reported a near two-fold rise in fourth-quarter profit, helped by lower raw material costs and growing demand for automobiles in the country. The company’s standalone profit rose to 336.1 million rupees ($4.1 million) for the quarter ended March 31, from 173.9 million rupees… Continue reading Goodyear’s India unit posts near two-fold jump in Q4 profit on easing costs