Fri, Oct 29, 2021 07:00 CET Zurich, October 29, 2021: Kongsberg Automotive ASA has today published its interim report for the third quarter 2021. The company will host an earnings conference call today at 09:00 CET. Highlights of the third quarter: Revenues came in at MEUR 267.4, MEUR 12.2 (+4.8%) higher than last year’s third… Continue reading KONGSBERG AUTOMOTIVE REPORTS Q3 2021 RESULTS
Category: Official Press Release
Toyota’s First U.S. Vehicle Plant Shifts Transformation into High Gear
Facility Enhancements and Operational Upgrades: Advanced manufacturing equipment and technologies, coupled with facility layout improvements, will increase the plant’s operational speed, flexibility and competitiveness. These improvements will expand TMMK’s ability to produce new products, including future electrification. Expansion of Powertrain Capabilities: TMMK’s powertrain operation will increase its product mix with a 2.4-liter turbo engine line.… Continue reading Toyota’s First U.S. Vehicle Plant Shifts Transformation into High Gear
Lear Increases and Extends Its Revolving Credit Facility
SOUTHFIELD, Mich., Oct. 29, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into an agreement to refinance its existing credit facility. The amended and restated credit agreement extends the maturity of its revolving credit facility to October 2026 from August 2024… Continue reading Lear Increases and Extends Its Revolving Credit Facility
@Daimler: Daimler performance resilient in third quarter
Unit sales at Mercedes-Benz Cars & Vans decreased due to semiconductor shortage Group revenue of €40.1 billion (Q3 2020: €40.3 billion) at prior-year level EBIT of €3,579 million (Q3 2020: €3,070 million) Industrial free cash flow of €2,249 million (Q3 2020: €5,139 million) Net industrial liquidity of €23.5 billion (end of Q2 2021: €20.9 billion)… Continue reading @Daimler: Daimler performance resilient in third quarter
@Honda: Honda Introduces Initiatives for the Utilization of Honda Mobile Power Pack, portable and swappable batteries
TOKYO, Japan, October 29, 2021 — Honda Motor Co., Ltd. today held a media briefing on the further utilization of Honda Mobile Power Pack (MPP), Honda’s portable and swappable batteries, and initiatives for the expanded utilization of renewable energy. A summary of the conference follows. Initiatives for the expansion of renewable energy utilization – In… Continue reading @Honda: Honda Introduces Initiatives for the Utilization of Honda Mobile Power Pack, portable and swappable batteries
@Honda: Honda to Begin Battery Sharing Service for Electric Tricycle Taxis in India in the First Half of 2022
TOKYO, Japan, October 29, 2021 — Honda Motor Co., Ltd. today announced plans to begin a battery sharing service for electric tricycle taxis (so-called “rickshaws”) in India, in the first half of 2022, using the Honda Mobile Power Pack e: (“MPP e:”), Honda’s all-new portable and swappable batteries. In India, as the economy continues to… Continue reading @Honda: Honda to Begin Battery Sharing Service for Electric Tricycle Taxis in India in the First Half of 2022
LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content
October 29, 2021 LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content Open share list Share this content. Prime Video Customers With LG TVs Can Automatically Experience Movies and Series as Filmmakers and Directors Intended SEOUL, Oct. 29, 2021 — Starting this week, LG begins rolling out a feature… Continue reading LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content
@Hyundai: Hyundai Mobis – Fuel Cell Powerpack for Non-road Vehicles
Play Meet Hyundai Mobis’ next-generation fuel cell system, “Hydrogen fuel cell powerpack” that combines hydrogen fuel cell and power pack technology.The hydrogen fuel cell powerpack (30 kW and 50 kW) is a generator that generates electricity by itself, and this system has integrated a fuel cell stack, a high-voltage battery, a hydrogen tank, and a… Continue reading @Hyundai: Hyundai Mobis – Fuel Cell Powerpack for Non-road Vehicles
@Ford: Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech in Mobility Innovation Program
DETROIT, Oct. 28, 2021 – Ford Motor Company and Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, today announced the five startups that will participate in the inaugural cohort of the Mobility Studio – a new program focused on supporting the advancement of technologies, product collaborations and… Continue reading @Ford: Ford and Newlab Announce Startups to Pilot New Electric Vehicle Tech in Mobility Innovation Program
Lear to Acquire Kongsberg Automotive’s Interior Comfort Systems Business Unit
SOUTHFIELD, Mich., Oct. 28, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into a definitive agreement to acquire substantially all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business unit. Kongsberg Automotive’s ICS business unit specializes in comfort seating solutions, with a leadership… Continue reading Lear to Acquire Kongsberg Automotive’s Interior Comfort Systems Business Unit