Driven by the strong growth in EV Systems, Valmet Automotive for the first time was recognized the world’s 100 largest automotive suppliers. In the Top 100 Automotive Suppliers Global Ranking 2022 now published by the German automotive specialist magazine Automobil Produktion and in cooperation with the global consultancy Roland Berger, Valmet Automotive ranks 86 based on 2021… Continue reading Valmet Automotive listed among the world’s 100 largest automotive suppliers
Author: BusinessWire Online News
Calfrac Integrates Allison Next Generation Hydraulic Fracturing Transmission into Oil Field Operations
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce that Calfrac Well Services Ltd., one of the largest hydraulic fracturing companies in the world, has introduced the Allison FracTran® into its field operations. Designed from the ground up to meet the unique demands of the fracturing industry, Allison’s latest innovation in the Oil Field Series™ product line… Continue reading Calfrac Integrates Allison Next Generation Hydraulic Fracturing Transmission into Oil Field Operations
Toyoda Gosei Opens New Plant in Central China
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) Group company Hubei Toyoda Gosei Zheng Ao Rubber and Plastic Sealing Technology Co., Ltd. (TG Zheng Ao) held an opening ceremony on July 13 to celebrate its move to new and larger plant. Toyoda Gosei President Toru Koyama, participating in the ceremony online, said “With the establishment of… Continue reading Toyoda Gosei Opens New Plant in Central China
LGA certification for Roadtiger: TÜV certifies the top ergonomics of Grammer commercial vehicle seats
Professional driver seats for trucks and buses: The “Comfort” and “Luxury” versions of the Roadtiger aftermarket model have been certified LGA “Tested Ergonomics” Focus on ergonomic features, seat controls and damping comfort The seats offer simple and efficient operation and are suitable for different types of drivers, ideal for long distances Grammer AG, July 14,… Continue reading LGA certification for Roadtiger: TÜV certifies the top ergonomics of Grammer commercial vehicle seats
Jennifer Rumsey Promoted to President and CEO of Cummins
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced that, effective August 1, 2022, Tom Linebarger will end his term as Chief Executive Officer (CEO) and Jennifer Rumsey, President and Chief Operating Officer (COO), will assume the role of President and CEO. Rumsey will be the seventh CEO and first woman to lead the company since… Continue reading Jennifer Rumsey Promoted to President and CEO of Cummins
Quanergy and PARIFEX Collaborate for First Compliant LiDAR-Based Speed Enforcement System
SUNNYVALE, Calif.–(BUSINESS WIRE)–Quanergy Systems, Inc., (NYSE:QNGY) a leading provider of LiDAR sensors and smart 3D solutions, announced today that PARIFEX’s solution has been certified by a French testing body as the first compliant speed enforcement system based on 3D-LiDAR technology. Quanergy’s M-Series 3D LiDAR sensors are integrated into PARIFEX’s Double-Side VIGIE solution, which is used… Continue reading Quanergy and PARIFEX Collaborate for First Compliant LiDAR-Based Speed Enforcement System
Cummins Inc. Increases Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly cash dividend on common stock of approximately 8 percent to 1.57 dollars per share from 1.45 dollars per share. The dividend is payable on September 1, 2022, to shareholders of record on August 19, 2022. About… Continue reading Cummins Inc. Increases Quarterly Common Stock Dividend
Cummins Elects Gary Belske to its Board of Directors
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of Gary Belske to its Board of Directors. “I am thrilled to add Gary to our Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Gary will enhance the strength of our board with his leadership experience, knowledge of a broad range of… Continue reading Cummins Elects Gary Belske to its Board of Directors
Toyoda Gosei to Invest in Interior and Exterior Parts Manufacturing Company in Central China
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282), through its regional headquarters in China, Toyoda Gosei (China) Investment Co., Ltd. (TG China), is investing in Wuhan Binyu Auto. Part Co., Ltd. This move will strengthen Toyoda Gosei’s supply system for interior and exterior automotive parts in central China. Wuhan Binyu is a production company in the Yibin… Continue reading Toyoda Gosei to Invest in Interior and Exterior Parts Manufacturing Company in Central China
Allison Transmission Selected to Propel New M88A3 HERCULES Prototype Vehicles
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, and medium- and heavy-duty commercial vehicles will provide the X1100TM-5B propulsion solution for the U.S. Army’s new M88A3 HERCULES (Heavy Equipment Recovery Combat Utility Lift and Evacuation System) prototype vehicle. This initiative is… Continue reading Allison Transmission Selected to Propel New M88A3 HERCULES Prototype Vehicles