Author: BusinessWire Online News

Valmet Automotive sharpening its focus to e-Mobility

On Monday, Oct 12th, Valmet Automotive has reached an agreement to sell its Engineering Services Business Line to Mutares SE & Co. KGaA. The transaction is still subject to authority approvals and it is expected to close in November. The divestment decision has been motivated by Valmet Automotive’s strategy to sharpen its focus to e-Mobility and… Continue reading Valmet Automotive sharpening its focus to e-Mobility

Preliminary results for the third quarter of 2020: Quality of operating profit significantly improved in the third quarter, planned restructuring measures have a negative impact on earnings

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014GRAMMER AG (WKN 589540, ISIN DE0005895403) Preliminary results for the third quarter of 2020: Quality of operating profit significantly improved in the third quarter, planned restructuring measures have a negative impact on earnings  Ursensollen, October 09, 2020 – On the basis of… Continue reading Preliminary results for the third quarter of 2020: Quality of operating profit significantly improved in the third quarter, planned restructuring measures have a negative impact on earnings

Allison Transmission Launches eGen Power™, Its New Zero Emission Electric Axles for Medium and Heavy-Duty Commercial Trucks

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, is pleased to announce the launch of eGen Power, Allison’s new series of fully integrated zero emission electric axles. The eGen Power product family will… Continue reading Allison Transmission Launches eGen Power™, Its New Zero Emission Electric Axles for Medium and Heavy-Duty Commercial Trucks

Allison Transmission Builds on Demonstrated Performance and Improved Shift Quality with Newly Formulated Automatic Transmission Fluid

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, announced today a new formulation of its high-performing transmission fluid. TES 668™ is a modern formulation with many advantages compared to mineral-based, non-synthetic fluids. This next generation transmission fluid is specified for all Allison 1000 Series™, 2000 Series™, 3000 Series™ and… Continue reading Allison Transmission Builds on Demonstrated Performance and Improved Shift Quality with Newly Formulated Automatic Transmission Fluid

Valmet Automotive published the first Sustainability Report

Valmet Automotive has today (September 22, 2020) published the Group’s first sustainability report. As the company aims at a vanguard status of sustainable development in the automotive industry, the report presents comprehensively the main themes of sustainable development, strategic priorities and goals, as well as the highlights of 2019. The report will be published annually.… Continue reading Valmet Automotive published the first Sustainability Report

Quanergy and SAIMOS Partner to Offer Integrated AI-based LiDAR, Video Analytics and Geographic Information System Solutions 

SUNNYVALE, Calif.–(BUSINESS WIRE)– #3Dlidarintegrationwithgentec–Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart perception solutions, today announced a partnership with SAIMOS® (Situational Awareness, Infrastructure Management & Operation’s Security), an Austrian software development company that offers AI-based video analytics and Geographic System Information (GIS) solutions. The jointly developed solutions combine Quanergy’s… Continue reading Quanergy and SAIMOS Partner to Offer Integrated AI-based LiDAR, Video Analytics and Geographic Information System Solutions 

Valmet Automotive is making battery systems a new company cornerstone

Valmet Automotive is expecting its sales from the Electric Vehicles (EV) batteries business to reach the level or even surpass that of vehicle contract manufacturing within the next few years. The growth will focus on the EV Systems business line with its battery system engineering and manufacturing services, but the company strategy emphasizes the importance… Continue reading Valmet Automotive is making battery systems a new company cornerstone

Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule

Valmet Automotive has signed a supply contract for fossil-free district heating to the Uusikaupunki car plant. Together with the earlier supply contract for fossil-free electricity, the car plant has already reduced its CO2 emissions by 70 % since 2019. The car plant is aiming at carbon-neutral production by the end of 2021. Valmet Automotive has entered… Continue reading Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule