DXC Technology Supports ContiTech with Modernization of Business Applications

Implementation of SAP S/4HANA helps Continental Group sector standardize processes and enhance global efficiency HANNOVER, Germany, Feb. 2, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC) will support ContiTech, one of Continental Group’s three sectors, to digitally transform its global IT applications. Through the recently signed six-year deal, DXC will deliver transformational SAP S/4HANA services to… Continue reading DXC Technology Supports ContiTech with Modernization of Business Applications

MAZDA FOUNDATION (USA), INC. AWARDS GRANTS TO ALLEVIATE HUNGER AND CREATE EDUCATION AND WORKFORCE OPPORTUNITIES IN UNDERSERVED COMMUNITIES ACROSS THE U.S.

Grants totaling over $475,000 awarded to support organizations across the United States IRVINE, Calif., Feb. 2, 2023  /PRNewswire/ — The Board of Trustees of the Mazda Foundation (USA) Inc., has awarded funding for seven programs this year as it deepens partnerships with organizations across the United States to help address food insecurity and some of… Continue reading MAZDA FOUNDATION (USA), INC. AWARDS GRANTS TO ALLEVIATE HUNGER AND CREATE EDUCATION AND WORKFORCE OPPORTUNITIES IN UNDERSERVED COMMUNITIES ACROSS THE U.S.

Freudenberg e-Power Systems and LG Energy Solution sign long-term supply partnership for battery cell modules

LGES to supply Freudenberg with 19 GWh lithium-ion battery cell modules for truck and bus applications Partnership combines the strengths of LGES, a leading global manufacturer of batteries, and Freudenberg as a leading provider of e-mobility solutions for the commercial vehicle market Freudenberg invests and expands state-of-the-art XALT battery gigafactory in Midland, USA MUNICH, Feb.… Continue reading Freudenberg e-Power Systems and LG Energy Solution sign long-term supply partnership for battery cell modules

S&P Global Mobility Special Report: US Automotive Market Share Wars will Resume in 2023

Recovering inventories are increasing dealer stock, while interest rate hikes and economic headwinds will dampen demand – forcing OEMs and dealers to make deals once again. The question is: Who will blink first? SOUTHFIELD, Mich., Feb. 2, 2023 /PRNewswire/ — After nearly two years of inflated new- and used-car prices – with car dealers asking consumers… Continue reading S&P Global Mobility Special Report: US Automotive Market Share Wars will Resume in 2023

Global Electric Vehicle Battery Market to Reach $84.5 Billion by 2030

NEW YORK, Feb. 2, 2023 /PRNewswire/ — The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front… Continue reading Global Electric Vehicle Battery Market to Reach $84.5 Billion by 2030

GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2022

Successful execution of strategic initiatives fuels strong results; Company issues 2023 guidance, including 7% to 11% sales growth Fourth Quarter 2022 Financial Highlights Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basis Achieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up… Continue reading GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2022

Kubota Partners with Blake Shelton as Presenting Sponsor of 2023 “Back to the Honky Tonk” Tour

Kubota Launches Honky Tonk Concert Ticket Giveaway Sweepstakes for Customers and Fans to Enter for a Chance to Win an Exclusive Concert Experience GRAPEVINE, Texas, Feb. 2, 2023 /PRNewswire/ — Kubota Tractor Corporation announced today that it will be the presenting sponsor of Blake Shelton’s “Back to the Honky Tonk” Tour kicking off in Lincoln,… Continue reading Kubota Partners with Blake Shelton as Presenting Sponsor of 2023 “Back to the Honky Tonk” Tour

GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE ELECTION OF SIX NEW PARTNERS

NEW YORK, Feb. 2, 2023 /PRNewswire/ — Global Infrastructure Partners (“GIP”), a leading independent global infrastructure investor, today announced that Ari Droga, Ronnie Hawkins, Gregg Myers, Russell Smith, Virasb Vahidi, and Adrian Witherow have been elected Partners of the Firm, effective January 1, 2023. Bayo Ogunlesi, Chairman and CEO of GIP, said, “We are pleased… Continue reading GLOBAL INFRASTRUCTURE PARTNERS ANNOUNCES THE ELECTION OF SIX NEW PARTNERS

Elka Suspension Reveals Composite Spring Prototype at King of the Hammers 2023

BOUCHERVILLE, QC, Feb. 2, 2023 /PRNewswire/ – Elka Suspension (www.elkasuspension.com), a shock absorber manufacturer, will be testing a composite spring prototype for off-road vehicles at King of the Hammers 2023, a preeminent off-road racing event held in Johnson Valley, California, February 5-11, 2023. This new technology will be tested on a Can-Am Maverick X3 driven… Continue reading Elka Suspension Reveals Composite Spring Prototype at King of the Hammers 2023

ATI Announces Fourth Quarter 2022 Results

Continued strong performance and year-over-year revenue growth in aerospace and defense Q4 2022 sales of $1.01 billion up 32% over Q4 2021; full year 2022 sales of $3.84 billion up 37% over full year 2021 Q4 2022 net income attributable to ATI of $76.9 million, or $0.53 per share; full year 2022 net income attributable… Continue reading ATI Announces Fourth Quarter 2022 Results