Author: BusinessWire Online News

Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen

Valmet Automotive, one of the world’s largest vehicle contract manufacturers and engineering service providers focusing on electric mobility, is expanding its site in Helmstadt-Bargen, Baden-Württemberg, Germany, to produce electrically powered small series vehicles for urban mobility. This was announced by Dr. Robert Hentschel, SVP Engineering at Valmet Automotive, during a visit of Dr. Nicole Hoffmeister-Kraut,… Continue reading Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen

Allison Transmission Declares Quarterly Dividend

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), 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, today announced that its Board of Directors has declared a cash dividend of $0.17 per share on the Company’s common stock… Continue reading Allison Transmission Declares Quarterly Dividend

Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic

Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic -Group revenue declines by 30 percent to 735.8 million euros in the first six month-EBIT impacted by one-time effects amounting to -24.2 million euros -Operating EBIT of -45.7 million euros in the first half of the year-Increase in existing syndicated loan… Continue reading Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic

Allison Transmission Announces Second Quarter 2020 Results

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), 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, today reported net sales for the second quarter of $377 million, a 49 percent decrease from the same period in 2019.… Continue reading Allison Transmission Announces Second Quarter 2020 Results

Toyoda Gosei to Partner With Ossia Inc., a World Leader in Wireless Power

KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has concluded a joint development agreement with Ossia Inc., a U.S. startup that leads the world in the field of wireless power solutions. The two companies will work to apply wireless power technology in vehicle cabins, smart cities, and more. In recent years, Toyoda Gosei has focused increasingly… Continue reading Toyoda Gosei to Partner With Ossia Inc., a World Leader in Wireless Power

Quanergy Unveils the M1 Sensor With Highest Accuracy for Mid-Long Range Industrial Measurement Applications

SUNNYVALE, Calif.–(BUSINESS WIRE)– #3Dlidarintegrationwithgentec–Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart perception solutions, today unveiled M1, a next generation 2D industrial LiDAR sensor for mid- to long-range, high precision measurement applications. The M1 joins the company’s M-Series to expand its industrial product portfolio by offering twice the price-performance… Continue reading Quanergy Unveils the M1 Sensor With Highest Accuracy for Mid-Long Range Industrial Measurement Applications

Cummins Reports Second Quarter 2020 Results

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

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