Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Allison Transmission is acquiring the off-highway business of Dana Inc. for $2.7 billion, the drivetrain specialist announced on June 11. The move will expand Allison’s commercial duty powertrain and industrial solutions to a broader global marketplace, the… Continue reading Allison Transmission acquires Dana Inc.’s off-highway unit for $2.7B
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When Will Strattec Security’s Restructuring Begin to Show Results?
Strattec Security Corporation STRT, a leading global company that manufactures high-tech locking and access systems for cars, is retaining a larger share of the revenue it generates from each sale as profit. One of the most notable financial successes for STRT in the last reported quarter was the substantial improvement in profit margins, specifically as… Continue reading When Will Strattec Security’s Restructuring Begin to Show Results?
Why Is Westport (WPRT) Up 3.2% Since Last Earnings Report?
It has been about a month since the last earnings report for Westport Innovations (WPRT). Shares have added about 3.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Westport due for a pullback? Before we dive into how investors and… Continue reading Why Is Westport (WPRT) Up 3.2% Since Last Earnings Report?
NIO Inc (NIO) – Soars on Higher Vehicle Deliveries
We recently published a list of Investors Are Gobbling Up Shares of These 10 Firms. In this article, we are going to take a look at where NIO Inc. (NYSE:NIO) stands against other top-performing companies on Tuesday. NIO Inc. saw its share prices grow by 5.83 percent on Tuesday to finish at $3.81 apiece as… Continue reading NIO Inc (NIO) – Soars on Higher Vehicle Deliveries
This Week In Electric Vehicles – Hyperchargers Drive Global Shift In Charging Infrastructure Growth
The global hypercharger market is experiencing significant growth driven by the rising adoption of electric vehicles (EVs), highlighting the critical need for efficient charging infrastructure. This expansion is fueled by supportive government policies and technological advancements in ultra-fast charging systems, enhancing user convenience with quicker charge times. Major network expansions by companies such as Tesla… Continue reading This Week In Electric Vehicles – Hyperchargers Drive Global Shift In Charging Infrastructure Growth
Chinese Stocks’ Premium Over Hong Kong Peers Drops to 5-Year Low
(Bloomberg) — The premium that Chinese stocks command over their Hong Kong-traded peers has narrowed to a five-year low, suggesting that some investors may look to snap up onshore stocks that have become cheaper. Most Read from Bloomberg Stocks listed on mainland exchanges, known as A-shares, are now trading at a 27% premium to their… Continue reading Chinese Stocks’ Premium Over Hong Kong Peers Drops to 5-Year Low
Hyundai Mobis unveils new rear-collision avoidance system
Rear-collision sensors. Hyundai Mobis Company, the main automotive components unit of South Korea’s Hyundai Motor Group, unveiled a new driver assist feature that helps improve highway safety. The company announced that it has developed a rear safety control system that warns drivers when a vehicle approaches too closely from the rear and automatically increases the… Continue reading Hyundai Mobis unveils new rear-collision avoidance system
Eaton To Help Power Resilient Energy Future for Hartsfield-Jackson Atlanta International Airport
Power system project supports ongoing, $12.8 billion ATLNext airport expansion and modernization initiative Airport-wide standardization on Eaton Brightlayer digitalization solutions to enhance reliability and streamline maintenance PITTSBURGH, PA / ACCESS Newswire / June 12, 2025 / Intelligent power management company Eaton announced today it was awarded multiple contracts valued at approximately $25 million to help… Continue reading Eaton To Help Power Resilient Energy Future for Hartsfield-Jackson Atlanta International Airport
ALSN to Acquire Dana’s Off-Highway Unit, Realize $120M in Synergies
Allison Transmission Holdings, Inc. ALSN has entered into an agreement with Dana Inc. DAN to acquire its Off-Highway business for approximately $2.7 billion. The unit to be acquired manufactures mobile drivetrains and motion systems for heavy-duty vehicles. The acquisition will help Dana streamline its operations to better focus on light- and commercial-vehicle supply with traditional… Continue reading ALSN to Acquire Dana’s Off-Highway Unit, Realize $120M in Synergies
Dana stock surges amid $2.7 billion Off-Highway business sale to Allison
Investing.com — Dana Inc (NYSE:DAN) stock jumped 9.5% after announcing a definitive agreement to sell its Off-Highway business to Allison Transmission Holdings Inc (NYSE:ALSN for $2.7 billion. Meanwhile, Allison shares edged down 0.9% following the announcement. The transaction, which values the Off-Highway business at seven times its expected 2025 adjusted EBITDA, is projected to close… Continue reading Dana stock surges amid $2.7 billion Off-Highway business sale to Allison