Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made… Continue reading FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION
Author: GlobeNews Newswire
Siemens and NVIDIA to Enable Industrial Metaverse
Partnership to transform the manufacturing industry with immersive experiences across the lifecycle from design through operation Companies will connect NVIDIA Omniverse and Siemens Xcelerator platforms to enable full-fidelity digital twins and connect software-defined AI systems from edge to cloud MUNICH, Germany, June 29, 2022 (GLOBE NEWSWIRE) — Siemens, a leader in industrial automation and software,… Continue reading Siemens and NVIDIA to Enable Industrial Metaverse
Lesjöfors expands in the US by acquiring John Evans’ Sons
Lesjöfors, part of the Beijer Alma group, has today signed an agreement to acquire the assets and operations of John Evans’ Sons INC, a leading US spring manufacturer. With the acquisition, Lesjöfors strengthens its US presence and significantly increases its sales to the medical industry, in line with its ambition to build the leading spring,… Continue reading Lesjöfors expands in the US by acquiring John Evans’ Sons
Kongsberg Automotive wins a one-year contract worth EUR 7 million
Kongsberg Automotive’s Powertrain and Chassis (P&C) business segment has secured a one-year contract worth EUR 7 million. P&C’s Driveline business unit was awarded this contract for the ARC- Generation 3 (electronic actuator with control units), adapted for ICE/PHEV/HEV transmissions. The contract will start in November 2022 and KA’s Wuxi plant will supply these advanced actuator… Continue reading Kongsberg Automotive wins a one-year contract worth EUR 7 million
HERE helps automakers reach higher car safety ratings with advanced speed assistance
HERE helps car manufacturers comply with the latest updates to New Car Assessment Programs (NCAP) in Europe and Australia by combining speed limit information, detailed features of the road network and hazard warning services. By enabling car manufacturers to improve their speed assistance system, HERE makes it possible to achieve higher NCAP scores and vehicle… Continue reading HERE helps automakers reach higher car safety ratings with advanced speed assistance
Kongsberg Automotive wins contract worth EUR 42.5 million in estimated lifetime revenue
Kongsberg Automotive’s Powertrain and Chassis (P&C) business segment has secured a contract worth EUR 42.5 million in estimated lifetime revenue and average annual revenue of EUR 6.1 million. KA’s P&C business unit was awarded this seven-year contract for rear seat foldable head restraint mechanisms by a European auto manufacturer that produces passenger cars globally. These… Continue reading Kongsberg Automotive wins contract worth EUR 42.5 million in estimated lifetime revenue
Visteon’s 2021 Corporate Sustainability Report Highlights Priorities, Products and People
Commitment to align greenhouse gas reduction targets with Science Based Targets initiative (SBTi) Growing electrified product line, including first-to-market smart wireless battery management system, supports industry shift to electric vehicles No lost-time injuries at any of Visteon’s more than two dozen manufacturing and technical centers Beliefs, Values and Leadership Principles provide a guide for maintaining… Continue reading Visteon’s 2021 Corporate Sustainability Report Highlights Priorities, Products and People
Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France
Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France Signature for the creation of a joint venture based in France to produce battery casings for electric vehicles. The joint venture will locate this high-tech activity at the ElectriCity’s Ruitz plant. This strategic project will contribute to strengthen… Continue reading Renault Group and Minth Group join forces to produce battery casings for electric vehicles assembled in France
PayByPhone and Offstreet Announce Partnership to Deliver Comprehensive Validation Solution to Parking Industry
Vancouver, BC, June 15, 2022 (GLOBE NEWSWIRE) — Parking clients across North America – including municipalities, universities, healthcare campuses, hotels, event venues, and parking operators – can now leverage the combined technology solutions of PayByPhone and Offstreet to digitally manage their parking validations and paid parking exemptions. “PayByPhone’s core purpose is to simplify people’s journeys,”… Continue reading PayByPhone and Offstreet Announce Partnership to Deliver Comprehensive Validation Solution to Parking Industry
Michelin: Four-for-one stock split of Michelin shares on June 16, 2022
Clermont-Ferrand, June 16, 2022 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Four-for-one stock split of Michelin shares on June 16, 2022 As announced in the press release published on May 16, 2022, Michelin’s four-for-one stock split is effective today, June 16, 2022. It has resulted in the delisting of 178,530,462 existing shares and the listing of 714,121,848… Continue reading Michelin: Four-for-one stock split of Michelin shares on June 16, 2022