MAUMEE, Ohio, Oct. 26, 2021 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Key Highlights Sales of $2.2 billion Net income attributable to Dana of $48 million Diluted EPS of $0.33 Adjusted EBITDA of $210 million Diluted adjusted EPS of $0.41 Hosted Capital Markets Day focused on electrification technology Announced over a dozen significant new EV… Continue reading Dana Incorporated Reports 2021 Third-quarter Financial Results
Author: Yarhow_Finance Online News
Dana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company
MAUMEE, Ohio, Oct. 25, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today a mutual agreement with Modine Manufacturing Company (NYSE: MOD) to terminate Dana’s agreement to acquire a portion of Modine’s automotive thermal-management business for one dollar with the assumption of certain financial liabilities. Both companies had been actively engaged in the regulatory review… Continue reading Dana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing Company
Autoliv, inc (ALV) Q3 2021 Earnings Call Transcript
On this call, we have our President and CEO, Mikael Bratt and our Chief Financial Officer, Fredrik Westin and I am Anders Trapp, Vice President of Investor Relations. Following Mikael, Fredrik will provide further details and commentary around the financials. Go to Source
NIO May Bring ET7’s Electric Drive System To All Models: Report
Chinese electric vehicle maker Nio Inc (NYSE: NIO) may introduce its electric sedan ET7’s electric drive system to all models, cnEVpost reported on Tuesday, citing a Chinese news publication. What Happened: The Shanghai-headquartered Nio may bring the second-generation electric motor to other models such as the ES8, ES6 and EC6, as per reports coming from… Continue reading NIO May Bring ET7’s Electric Drive System To All Models: Report
BorgWarner Secures Substantial P3 Drive Module Win
– Technology demonstrates BorgWarner’s extensive systems integration capabilities – Unique, compact system enables hybridization and CO2 reduction – SOP slated for Q3 2023 across multiple platforms AUBURN HILLS, Mich., Oct. 14, 2021 /PRNewswire/ — BorgWarner’s fully integrated P3 hybrid drive module will soon be powering a variety of front-wheel and AWD SUVs for a major… Continue reading BorgWarner Secures Substantial P3 Drive Module Win
Qualcomm Acquires Veoneer (VNE), Defeats Magna With Higher Bid
Veoneer, Inc. VNE was recently acquired by Qualcomm QCOM for $4.5 billion, as the latter knocked out Magna International MGA with a higher bid. This acquisition puts an end to the bidding war brewing between the chipmaker and the car supplier for control of the Swedish automotive-technology company. Per the deal, Qualcomm partnered with the… Continue reading Qualcomm Acquires Veoneer (VNE), Defeats Magna With Higher Bid
Chinese EV maker Nio says Q3 deliveries totaled 24,439 vehicles, topping its own guidance
Nio Inc. ADRs jumped 3% in premarket trade Friday, after the the China-based electric vehicle maker reported deliveries of 10,628 vehicles in September, up 125.7% from the year-earlier period, and deliveries of 24,439 vehicles in the third quarter. The third-quarter number was ahead of the company’s own guidance from early September of 22,500 to 23,500… Continue reading Chinese EV maker Nio says Q3 deliveries totaled 24,439 vehicles, topping its own guidance
Adient closes previously announced transactions, strategically transforming its business in China
– Company ends Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture with partner Yanfeng Automotive Trim Systems Ltd. (YF) – Adient acquires YFAS’s 50% equity interest in Chongqing Yanfeng Adient Automotive Components Co., Ltd. (CQYFAS) and 100% equity interest in Yanfeng Adient (Langfang) Seating Co., Ltd. (YFASLF) from YFAS – Transactions will enable Adient to… Continue reading Adient closes previously announced transactions, strategically transforming its business in China
Evergrande’s EV unit scraps Shanghai IPO plan while CNOOC, Dongfeng Motor unveil new domestic stock offerings
China Evergrande Group hit another bump on the road to ease its liquidity crisis after abandoning a plan to float its car-making unit at home. At the same time, oil explorer CNOOC Limited and Dongfeng Motor unveiled their new listing aims. The indebted developer’s car-making unit, known as Evergrande New Energy Vehicle Group, will no… Continue reading Evergrande’s EV unit scraps Shanghai IPO plan while CNOOC, Dongfeng Motor unveil new domestic stock offerings
Car parts group Faurecia revises down 2021 targets due to semiconductor shortage
PARIS (Reuters) – French car parts company Faurecia lowered its main 2021 financial targets on Thursday, saying it was adapting them due to the new forecasts for the global automotive market published last week by information provider IHS Markit. Faurecia noted IHS Markit now estimated worldwide car production at 72 million vehicles this year versus… Continue reading Car parts group Faurecia revises down 2021 targets due to semiconductor shortage