Category: Automotive

@niche: Xos, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call001831

LOS ANGELES, April 29, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (the “Company”) (NASDAQ: XOS), a leading manufacturer of Class 5 through Class 8 battery-electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, today announced that the Company will release its first quarter 2022 results after market close on Thursday, May 5,… Continue reading @niche: Xos, Inc. Announces First Quarter 2022 Earnings Release Date and Conference Call001831

@niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

Photo Highlights: 2022 International Car Rental Show – Day 2

Photo Highlights: 2022 International Car Rental Show – Day 2 – vEvents – Auto Rental News 0/17 April 29, 2022 Photo Gallery View Photo Gallery Over 800 attendees gathered at the Paris Las Vegas Hotel & Convention Center April 24-26, 2022, for the International Car Rental Show. With palpable excitement from speakers, attendees, sponsors, and… Continue reading Photo Highlights: 2022 International Car Rental Show – Day 2

Ford, Lexus among vehicle recalls this week

U.S. National Highway Traffic & Safety Administration The U.S. National Highway Traffic Safety Administration has issued recalls for April 21 through 28, including a Ford recall involving 652,996 units and a Lexus recall involving 458,054 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive… Continue reading Ford, Lexus among vehicle recalls this week

Czinger hypercar builder Divergent Technologies raises $160M to industrialize “revolutionary” 3D printing platform

Divergent Adaptive Production System (DAPS) developer Divergent Technologies has announced the closure of a $160 million Series C funding round.  Utilizing DAPS, an automated automotive assembly platform that combines 3D printing with generative design, Divergent has already committed to build the 1,233 bhp 21C hypercar for sister firm Czinger, which ships next year. According to… Continue reading Czinger hypercar builder Divergent Technologies raises $160M to industrialize “revolutionary” 3D printing platform

Rolls-Royce and Schaeffler enter a 12-year partnership

2022-04-29 | Schweinfurt/Derby Schaeffler will provide long-term support for Rolls-Royce with the latest production technologies and manufacturing processes The contract mainly covers production and development of engine rolling bearing systems for widebody aircraft and business jet market segment This unique long-term partnership is the continuation of almost 40 years of collaboration between Rolls-Royce and Schaeffler… Continue reading Rolls-Royce and Schaeffler enter a 12-year partnership