DETROIT, July 31, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2020. Second Quarter 2020 Results Sales of $515.3 million Net loss attributable to AAM of $(213.2) million, or (41.4)% of sales Adjusted EBITDA of $(52.1) million, or (10.1)% of sales Diluted loss… Continue reading AAM Reports Second Quarter 2020 Financial Results
Category: Automotive
Goodyear Reports Second Quarter, First Half 2020 Results
AKRON, Ohio, July 31, 2020 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2020. “Although our first half results were greatly affected by difficult industry conditions as a result of the ongoing COVID-19 pandemic, the decisive actions we took to safeguard our business… Continue reading Goodyear Reports Second Quarter, First Half 2020 Results
Ampere Electric partners with OTO Capital for vehicle leasing plans
An Ampere Zeal model that would cost Rs 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of Rs 2,220. New Delhi: Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, on Friday announced its partnership with OTO Capital to offer vehicle leasing plans for buyers. As… Continue reading Ampere Electric partners with OTO Capital for vehicle leasing plans
North America helps Fiat Chrysler to limit COVID losses
MILAN/DETROIT (Reuters) – Italian-American automaker Fiat Chrysler Automobiles (FCA) posted a smaller-than-expected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID-19 pandemic. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May… Continue reading North America helps Fiat Chrysler to limit COVID losses
See Six-Wheel Tesla Cybertruck With Massive Solar Array On Demand
Recently we saw a cool animation of a six-wheel version of the Tesla Cybertruck with a fold-out solar array in the back. It was created by Slave’ Popovski, who said that the entire solar system with six panels is about 27 m2, which should provide 5 kW, maybe even 7 kW of power on a… Continue reading See Six-Wheel Tesla Cybertruck With Massive Solar Array On Demand
More On The Awesome Purple Tesla Model 3 In Video Game Form
his article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free… Continue reading More On The Awesome Purple Tesla Model 3 In Video Game Form
ZF Strengthens Electrified Driveline Branch To Focus On BEVs/PHEVs
2020-Jul-29 New division and change in ZF’s Board of Management: E-mobility strengthened as one of ZF’s core businesses Supervisory Board approves the foundation of a new division for electrified drivelines for passenger cars Michael Hankel retires after 17 years at ZF at the end of 2020 Stephan von Schuckmann appointed to the Board of Management… Continue reading ZF Strengthens Electrified Driveline Branch To Focus On BEVs/PHEVs
Horiba launches new virtual RDE development solution
Horiba has launched a new virtual-based solution to Real Driving Emissions (RDE) development – which the company claims could save businesses up to $17 million in prototype vehicle requirements alone. Launched globally, the RDE+ is a ‘road to rig’ solution when combined with virtual-domain simulation and validation, enables RDE development to be completed more quickly… Continue reading Horiba launches new virtual RDE development solution
ZF launches next-generation ADAS camera
ZF, the world’s leading supplier of automotive cameras, has launched its S-Cam4.8 with enhanced vision technology from Mobileye, an Intel Company, on the new Nissan Rogue in the US. Among the first ever cameras to offer the capability of a 100-degree horizontal field of view, the S-Cam4.8 represents another important step forward in meeting future… Continue reading ZF launches next-generation ADAS camera
Skoda sales down 31% in H1 2020 but still records 228m euro operating profit
Like most automakers the world over, Skoda Auto too has been impacted by the coronavirus pandemic. In the first half of 2020, the Skoda Group sold a total of 426,700 cars, down 31% year on year (January-June 2019: 620,900). The Skoda Group sales revenue was 7.55 billion euros (Rs 62,415 crore) in the first six… Continue reading Skoda sales down 31% in H1 2020 but still records 228m euro operating profit