COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) is adding to its additive manufacturing capabilities by investing in a new, high-precision 3D metal printing technology called binder jet. This investment is just the next step in Cummins’ plan to revolutionize its manufacturing processes and accelerate the company’s trajectory toward scaled production in additive technologies. Binder jetting is… Continue reading Cummins Implementing New Technologies With Potential to Revolutionize Manufacturing
Author: BusinessWire Online News
Toyoda Gosei Develops Battery Case for Electrified Vehicles
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has developed a battery case made of plastic to accommodate the large amount of batteries in electrified vehicles. These battery cases are used on the Corolla PHV and Levin PHV that Toyota Motor Corporation began selling in China in March 2019. These cases increase the life of batteries by… Continue reading Toyoda Gosei Develops Battery Case for Electrified Vehicles
Allison Transmission Closes $500 Million Senior Notes Offering
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings, Inc. (NYSE: ALSN) (“Allison” or the “Company”) today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the “Issuer”), completed its previously announced offering of $500 million in aggregate principal amount of 5.875% Senior Notes due 2029 (the “Notes”) in a private placement (the “Offering”) exempt from registration under the Securities… Continue reading Allison Transmission Closes $500 Million Senior Notes Offering
Toyoda Gosei Develops Lightweight Plastic Turbo Duct
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. has developed a turbo duct made entirely of plastic. This reduces weight by half and will contribute to the environmental performance of automobiles. The new lightweight plastic turbo duct is used on the new HiAce for international markets that Toyota Motor Corporation launched in February 2019. Turbo ducts are… Continue reading Toyoda Gosei Develops Lightweight Plastic Turbo Duct
Velodyne Demonstrates Lidar Solution for Rich Perception Data Collection on NVIDIA DRIVE Platform
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. today announced its surround-view lidar solutions for collecting rich perception data in testing and validation are available on the NVIDIA DRIVE™ autonomous driving platform–allowing full, 360-degree perception in real time, facilitating highly accurate localization and path-planning capabilities. Velodyne sensors’ characteristics are also available on NVIDIA DRIVE Constellation™, an open,… Continue reading Velodyne Demonstrates Lidar Solution for Rich Perception Data Collection on NVIDIA DRIVE Platform
Tenneco Reports Fourth Quarter and Full-Year 2018 Results
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco (NYSE: TEN) reported a fourth quarter net loss of $109 million, or $(1.35) per diluted share. Fourth quarter 2017 net income▲ was $62 million, or $1.19 per diluted share. Adjusted net income was $105 million, or $1.30 per diluted share, versus $91 million or $1.75 per diluted share last year.▲ Fourth… Continue reading Tenneco Reports Fourth Quarter and Full-Year 2018 Results
New White Paper Calls for Clearer Marketing of Vehicle Autonomy and Driver Assistance for Safety
SAN JOSE, Calif.–(BUSINESS WIRE)–A recently published white paper developed by Frost & Sullivan calls on the auto industry to clarify and standardize marketing terminology for driver assistance and self-driving technologies. It also finds that lidar technology can “enable significant advances in driver assistance” and calls lidar “the key technology to enable both full driving autonomy… Continue reading New White Paper Calls for Clearer Marketing of Vehicle Autonomy and Driver Assistance for Safety
Tenneco Supplies Suspension on Jaguar I-PACE All-Electric SUV
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco Inc. (NYSE: TEN), a global supplier of Ride Performance and Clean Air products and systems, is supplying suspension components for the new Jaguar I-PACE all-electric luxury crossover SUV. The vehicle features Tenneco’s passive front and rear dampers and coil and air spring suspension modules, engineered to improve ride performance and stability.… Continue reading Tenneco Supplies Suspension on Jaguar I-PACE All-Electric SUV
Cummins to Provide the United States Postal Service with Eight Fully-Electric Vehicles in California
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) has begun delivering eight Cummins-powered all-electric vehicles to the United States Postal Service (USPS). The fully-electric Cummins PowerDrive equipped vans are expected to eliminate vehicle emissions and reduce fuel and maintenance costs. The pilot program, made possible by a grant from the California Air Resources Board to the San… Continue reading Cummins to Provide the United States Postal Service with Eight Fully-Electric Vehicles in California
Allison Transmission to Build Advanced Vehicle Environmental Test Facility in Indianapolis
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a global leader in medium- and heavy-duty fully automatic transmissions for commercial vehicles, is investing in a new vehicle testing facility that will facilitate further innovation in the industry. “Industries around the globe depend on Allison Automatics to power highly specialized vehicles that must perform under all kinds of extreme conditions,” said… Continue reading Allison Transmission to Build Advanced Vehicle Environmental Test Facility in Indianapolis