COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2020. Second quarter revenues of $3.9 billion decreased 38 percent from the same quarter in 2019. COVID-19 related customer shutdowns and weak economic activity led to lower demand in most end markets and regions except China. Sales in North America declined… Continue reading Cummins Reports Second Quarter 2020 Results
Author: BusinessWire Online News
Velodyne Lidar Inc. Announces Patent License Agreement With Hesai Photonics Technology
SAN JOSE, Calif.–(BUSINESS WIRE)– #lidar–Velodyne Lidar, Inc. today announced a long-term global licensing agreement with Hesai Photonics Technology Co., Ltd. Go to Source
Allison Transmission Relaunches Production of the X200-4A Transmission With the U.S. Army
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, recently began delivery of the X200-4A cross-drive automatic transmission to meet the United States Army’s combat readiness requirements. The X200-4A cross-drive transmission is designed for light-tracked combat vehicles weighing up to 16 tons. The X200-4A provides… Continue reading Allison Transmission Relaunches Production of the X200-4A Transmission With the U.S. Army
Cummins to Form Joint Venture With NPROXX for Hydrogen Storage
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global technology and power solutions leader, today announced an agreement to form a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX. “We are thrilled to combine Cummins’ expertise, innovation and commitment to… Continue reading Cummins to Form Joint Venture With NPROXX for Hydrogen Storage
Velodyne Lidar Announces Sales Agreement with AGROINTELLI
SAN JOSE, Calif.–(BUSINESS WIRE)– #velodynelidar–Velodyne Lidar, Inc. announced a three-year sales agreement with AGROINTELLI, a developer of intelligent farming solutions. Go to Source
Valmet Automotive: our car plant is CO2 neutral by the end of 2021
Valmet Automotive sets a highly ambitious goal for the Uusikaupunki, Finland car plant to be CO2 neutral by the end of 2021. The goal is part of the Valmet Automotive Group’s Sustainability Action Plan, with which the company aims to be one of the leaders of the automotive industry in sustainability indicators. The CO2 neutrality… Continue reading Valmet Automotive: our car plant is CO2 neutral by the end of 2021
Grammer AG is in advanced talks concerning the increase of the existing syndicated loan, suspending the dividend and planning a capital increase
Publication of insider information pursuant to Art. 17 of (EU) Regulation No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403) Grammer AG is in advanced talks concerning the increase of the existing syn-dicated loan, suspending the dividend and planning a capital increase Ursensollen, June 04, 2020 – The economic impacts of the global COVID-19 pan-demic has… Continue reading Grammer AG is in advanced talks concerning the increase of the existing syndicated loan, suspending the dividend and planning a capital increase
Valmet Automotive restarts car production today with strict safety measures
Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures
Velodyne Lidar Announces Multi-Year Sales Agreement With GeoSLAM
SAN JOSE, Calif.–(BUSINESS WIRE)– #geoslam–Velodyne Lidar, Inc. announced a multi-year sales agreement with GeoSLAM, a global market leader in 3D geospatial technology solutions. Go to Source
Cummins Increases Revolver Capacity by $2 Billion
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today entered into an agreement providing for an additional $2 billion revolving credit facility that terminates on April 30, 2021. “The company ended the first quarter with cash, cash equivalents and marketable securities of $2 billion and committed borrowing capacity of $1.9 billion,” said Chief Financial Officer Mark Smith.… Continue reading Cummins Increases Revolver Capacity by $2 Billion