Category: Official Press Release

Senmiao Technology Announces Signing of Cooperation Agreement with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd.

CHENGDU, China, Nov. 3, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a new cooperation agreement (the “Agreement”) with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd. (“Zhongxuan”),… Continue reading Senmiao Technology Announces Signing of Cooperation Agreement with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd.

BorgWarner Captures North American High Voltage Silicon Carbide Inverter Business with Major Global OEM

AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner has secured a contract with a major OEM to supply high voltage inverters for battery electric vehicle (BEV) platforms including a variety of passenger cars and trucks. The business award marks the company’s largest major silicon carbide based (SiC) inverter win and the first silicon carbide based… Continue reading BorgWarner Captures North American High Voltage Silicon Carbide Inverter Business with Major Global OEM

Hertz Announces Launch of Public Offering of Common Stock by Selling Stockholders and Repurchase of Common Stock

ESTERO, Fla., Nov. 3, 2021 /PRNewswire/ — Hertz Global Holdings, Inc. (OTCPK:HTZZ) (“Hertz” or the “Company”) announced today that it has launched a public offering of its common stock by certain stockholders of Hertz.  The selling stockholders are offering 37,100,000 shares of Hertz common stock, of which Hertz intends to repurchase from the underwriters shares having… Continue reading Hertz Announces Launch of Public Offering of Common Stock by Selling Stockholders and Repurchase of Common Stock

BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles

AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner will be providing a new, high-voltage silicon carbide (SiC) inverter to a large German automaker for implementation in its next-generation electric vehicles. The BorgWarner 800V SiC inverter with proprietary power switches provides a more compact and efficient power module, resulting in higher electric vehicle range and enhanced driving… Continue reading BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles

@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2021001561

A very warm welcome to all of you! The BMW Group is profitable and the company is growing. This is thanks to our customers around the world as well as the strong demand for our diverse range of products and drivetrain technologies. We delivered 1.9 million BMW, MINI and Rolls-Royce vehicles to customers in the… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 30 September 2021001561

@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2021001560

Good Morning, Ladies and Gentlemen. The BMW Group’s positive business development in the first nine months of the year confirms our strategic course. Throughout the semiconductor crisis, our employees have delivered outstanding performance, month after month. That is how we were able to raise our expected targets for the year again in September. All segments… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2021001560