Category: Automotive

@Daimler: Passed the cold test: winter endurance tests for the next generation eSprinter

Defying the ice and snow: new eSprinter more than ready for action even in extreme conditions Sustainable versatility: locally emission-free next-generation eSprinter is produced CO2 neutrally New markets in view: the eSprinter is coming to the USA and Canada; production to start successively in the second half of 2023 Accelerated transformation towards being “all-electric”: the… Continue reading @Daimler: Passed the cold test: winter endurance tests for the next generation eSprinter

@Daimler: 11. Feb 2022Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021 and exceeds own expectations.

Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021 and exceeds own expectations. | Mercedes-Benz Group > Company > News Mercedes-Benz AG Mercedesstraße 12070372 StuttgartGermany Phone: +49 7 11 17-0E-Mail: dialog@mercedes-benz.com Represented by the Board of Management:Ola Källenius (Chairman), Jörg Burzer, Renata Jungo Brüngger, Sabine Kohleisen, Markus Schäfer, Britta Seeger, Hubertus Troska,… Continue reading @Daimler: 11. Feb 2022Mercedes-Benz Group AG posts strong preliminary financial results for the year 2021 and exceeds own expectations.

AAM Reports Fourth Quarter and Full Year 2021 Financial Results

DETROIT, Feb. 11, 2022 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2021.  AAM also provided its full year 2022 financial outlook and 2022-2024 new business backlog. Fourth Quarter 2021 Results Sales of $1.24 billion Net loss attributable to AAM of… Continue reading AAM Reports Fourth Quarter and Full Year 2021 Financial Results

AAM Secures Contracts Valued at More Than $10 Billion for Next-Generation Full-Size Truck Axle Programs With Multiple Customers

DETROIT, Feb. 11, 2022 /PRNewswire/ — American Axle & Manufacturing (AAM), (NYSE: AXL) announced it has secured multiple next-generation full-size truck front and rear axle programs with global OEM customers (including a previously announced award in early 2021). These awards are expected to generate more than $10 billion of lifetime revenues from mid-decade to beyond 2030.… Continue reading AAM Secures Contracts Valued at More Than $10 Billion for Next-Generation Full-Size Truck Axle Programs With Multiple Customers

GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2021 RESULTS

AKRON, Ohio, Feb. 11, 2022 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2021. “We achieved our highest fourth quarter revenue in nearly 10 years as demand for our products remained strong and we captured higher selling prices,” said Richard J. Kramer, chairman, chief… Continue reading GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2021 RESULTS

Magna Announces Board Leadership and Other Changes

Board Chair, William L. Young, not standing for re-election Audit Committee Chair, Robert F. MacLellan, selected by Board to succeed as Board Chair in May Dr. Thomas Weber has been appointed to Board AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) — Magna announced today upcoming changes to the leadership of its Board of Directors, ahead… Continue reading Magna Announces Board Leadership and Other Changes

Magna Announces Fourth Quarter 2021 Results and Outlook

Fourth Quarter 2021 Highlights Sales of $9.1 billion decreased 14%, compared to a 17% decrease in global light vehicle production Diluted earnings per share and Adjusted diluted earnings per share of $1.54 and $1.30, respectively, compared to $2.45 and $2.83 last year Returned $378 million to shareholders through share repurchases and dividends Raised quarterly cash… Continue reading Magna Announces Fourth Quarter 2021 Results and Outlook

10 Defunct Car Brands We Wish Still Existed – SlashGear

Among the quirkiest of automotive brands, Saab cranked out unique cars using meager budgets paired with ingenious Swedish engineering solutions. Among the many quirks of a Saab are the location of the key in the center of the console between the front seats, and the placement of their slanted 4 cylinder engine in reverse, such… Continue reading 10 Defunct Car Brands We Wish Still Existed – SlashGear