NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL Press release, 1 November 2022, at 12.00 PM EET The… Continue reading Valmet Automotive to withdraw the planned Initial Public Offering and to continue to explore alternative financing options to support its growth strat…
Author: BusinessWire Online News
Cummins is Awarded Major Defense Contract for Power Generation Equipment
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE:CMI) has been selected as one of two awardees that will develop, manufacture, test, and produce generator sets in both the 500 kilowatt (kW) skid (MEPGS-10001) and Power Plants (PP) (MEPGS-35001) configurations to meet the electrical power needs for the Large Tactical Power System (LTPS) and the Department of Defense (DoD).… Continue reading Cummins is Awarded Major Defense Contract for Power Generation Equipment
South America’s largest trade show for the transport industry: Grammer showcasing a wide range of seating solutions at Fenatran
Highlights: MSG 90.7, Cinema Seat and the Roadtiger for the aftermarket Fenatran is one of the world’s top trade shows in the transport industry The approximately 450 exhibitors expect to welcome more than 60,000 visitors over five days Grammer AG, November 7, 2022 – After several years in which no trade fair was held, Grammer… Continue reading South America’s largest trade show for the transport industry: Grammer showcasing a wide range of seating solutions at Fenatran
Cummins Reports Third Quarter 2022 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2022. Third quarter revenues in total were $7.3 billion. Excluding the contribution of the Meritor, Inc. business, the acquisition of which was completed on August 3, 2022, third quarter revenues were $6.6 billion, representing an increase of 11 percent from the… Continue reading Cummins Reports Third Quarter 2022 Results
Quanergy Announces Industry-first 3D LiDAR Movement-Based False Alarm Reduction Solution
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., (NYSE:QNGY) a leading provider of LiDAR sensors and smart 3D solutions, today announced upgrades to its QORTEX DTC™ and Q-View software solutions, which underpin the company’s Flow Management portfolio, including its MQ-8 series of LiDAR sensors. The marquee features in these new releases include significantly improved accuracy and drastic reduction… Continue reading Quanergy Announces Industry-first 3D LiDAR Movement-Based False Alarm Reduction Solution
U.S. Army Selects BAE Systems’ Beowulf Vehicle with Allison Automatic for Its Newest Cold Weather All-Terrain Vehicle
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, will provide the transmission for the U.S. Army’s new Cold Weather All-Terrain Vehicle (CATV) program. The Allison-equipped Beowulf vehicle, from BAE Systems, will provide soldiers with capable, reliable mobility and increase their survivability in the harshest… Continue reading U.S. Army Selects BAE Systems’ Beowulf Vehicle with Allison Automatic for Its Newest Cold Weather All-Terrain Vehicle
Valmet Automotive appoints Petra Teräsaho as the new CFO
Petra Teräsaho (M.Sc. Econ.) has been appointed Valmet Automotive’s new Chief Financial Officer (CFO) and member of the Group Management Team as of March, 2023 at the latest. She will report to the CEO. She will join Valmet Automotive from Enfo Group, where she has been serving as the CFO. Prior to that, she has… Continue reading Valmet Automotive appoints Petra Teräsaho as the new CFO
GRAMMER AG reports revenue growth and positive earnings in first nine months of 2022
GRAMMER Group revenue growth of 13.4% to EUR 1,593.2 million driven by positive currency translation effects and general market recovery All regions contribute to revenue growth: EMEA (+6.2%), AMERICAS (+30.6%), and APAC (+5.0%) Turnaround in APAC revenue in the third quarter after COVID-19 lockdowns in the first half of the year Both divisions report double-digit… Continue reading GRAMMER AG reports revenue growth and positive earnings in first nine months of 2022
Allison Transmission to Present at Baird’s 2022 Global Industrial Conference
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today announced that Senior Vice President, Chief Financial Officer and Treasurer Frederick Bohley will present at Robert W. Baird… Continue reading Allison Transmission to Present at Baird’s 2022 Global Industrial Conference
Allison Transmission Announces Third Quarter 2022 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today reported net sales for the third quarter of $710 million, a 25 percent increase from the same period… Continue reading Allison Transmission Announces Third Quarter 2022 Results