Eisenach. BMW Group Plant Eisenach officially opened for business in 1992. Located in the German state of Thuringia, it has played a major part in the heritage of the BMW Group and seen constant upgrades over the years. It is now the company’s largest tooling facility worldwide. The original tool-making section has been transformed into… Continue reading @BMW: 30 years of quality and innovation in tooling and parts production001959
Category: Automotive
GOODYEAR REPORTS FIRST QUARTER 2022 RESULTS
Net sales growth of 40% compared with the first quarter of 2021, 20% growth excluding the Cooper Tire transaction and foreign currency First quarter Goodyear net income of $96 million; adjusted net income of $105 million Merger-adjusted segment operating income of $311 million, up 38% compared to the first quarter of 2021 Continued global market share… Continue reading GOODYEAR REPORTS FIRST QUARTER 2022 RESULTS
Hybrid vehicles increased their sales by 25.1% in the European Union in the first quarter of 2022
May 6, 2022 Posted by: Jorge Platero Category: Faconauto News The increase in the market share of electric hybrid vehicles is a reality, but they still do not surpass combustion vehicles. As reported by ACEA, sales of hybrid electric vehicles increased by 25.1% compared to battery electric vehicles that managed to increase by 12%. Although… Continue reading Hybrid vehicles increased their sales by 25.1% in the European Union in the first quarter of 2022
50 jobs threatened: in Saint-Vit near Besançon, the automotive subcontractor SV Découpage is playing for its survival
Placed in receivership, the automotive subcontractor and assembler of metal parts based in Doubs has been facing a drop in its turnover for three years. Explanations. They still have customers. This is perhaps what allows them to still keep a little faith. Employees know, however, that the days of their company are numbered. SV Découpage… Continue reading 50 jobs threatened: in Saint-Vit near Besançon, the automotive subcontractor SV Découpage is playing for its survival
Hyzon Motors Inc. reports first quarter 2022 financial and operational results
Recent Business Highlights Achieved the significant milestone of producing our first domestic fuel cell stack and system, ahead of schedule, utilizing our proprietary in-house membrane electrode assembly (“MEA”) production line Signed definitive agreement to increase ownership in Hyzon Motors Europe B.V. from 50.5% to 75% Entered into a vehicle supply agreement with Hylane for 5… Continue reading Hyzon Motors Inc. reports first quarter 2022 financial and operational results
@niche: Xos, Inc. Reports First Quarter 2022 Results001851
LOS ANGELES, May 05, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of 100% battery-electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended March 31, 2022. Key Financial and Business Highlights: Revenue for the three months ended March 31, 2022 was $7.0 million. Net loss… Continue reading @niche: Xos, Inc. Reports First Quarter 2022 Results001851
‘Elon Musk to lead Twitter temporarily after $44 billion takeover’
Tesla CEO Elon Musk Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also the CEO at Tesla Inc… Continue reading ‘Elon Musk to lead Twitter temporarily after $44 billion takeover’
Ferrari SP48 Unica unveiled as one-off V8 berlinetta
Ferrari has uncovered its newest one-off supercar commission: the SP48 Unica. Starting with the platform and twin-turbocharged V8 from the F8 Tributo, Ferrari has given the SP48 an entirely bespoke body and an optimised aero package, alongside unique interior finishes. The new car is destined for one of Ferrari’s ‘long-standing clients’, who was closely involved… Continue reading Ferrari SP48 Unica unveiled as one-off V8 berlinetta
@VW Group: Porsche AG acquires stake in innovative producer of battery materials005012
© 2022 Dr. Ing. h.c. F. Porsche AG. *Data determined in accordance with the measurement method required by law. As of 1 September 2018 the Worldwide Harmonised Light Vehicles Test Procedure (WLTP) replaced the New European Driving Cycle (NEDC). Due to the more realistic test conditions, the fuel/electricity consumption and CO₂ emission values determined in accordance… Continue reading @VW Group: Porsche AG acquires stake in innovative producer of battery materials005012
Vietnam-based investment app Finhay said to raise $25m funding
Singapore-based Openspace Ventures and mid-market private equity firm Vietnam Investment Group (VIG) are understood to have co-led a $25 million funding round for Vietnamese robo-advisor Finhay. Finhay’s existing backer, Thien Viet Securities (TVS), also participated in the round, sources familiar with the matter told DealStreetAsia. Go to Source