KYOTO, Japan, Aug. 03, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed yesterday, with certain exceptions, the acquisitions of: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries
Category: Automotive
Efficiency at Every Turn: Fuel Me Transforms the Transportation Industry
There are several factors in the fueling process that consistently cause companies to lose both time and money. The most common friction areas in the transportation industry are (1) inefficient time management, (2) budget inconsistencies due to the lack of visibility until the time of invoice, and (3) the inability to track fuel orders—all of… Continue reading Efficiency at Every Turn: Fuel Me Transforms the Transportation Industry
@Ford: Hau Thai-Tang to Discuss Ford+, Winning in Electrification At J.P. Morgan Virtual Automotive Conference Next Week
DEARBORN, Mich.–(BUSINESS WIRE)–Hau Thai-Tang, Ford’s chief product platform and operations officer, will discuss key elements of the Ford+ plan for growth and value creation in a fireside chat with autos analyst Ryan Brinkman at the J.P. Morgan Virtual Automotive Conference at 8:00 a.m. ET on Wednesday, Aug. 11. Thai-Tang will describe how Ford+ is centered… Continue reading @Ford: Hau Thai-Tang to Discuss Ford+, Winning in Electrification At J.P. Morgan Virtual Automotive Conference Next Week
Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton (ETN) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.97%. A quarter ago, it was expected that this… Continue reading Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook
DUBLIN, August 03, 2021–(BUSINESS WIRE)–Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.26 for the second quarter of 2021. Excluding charges of $0.25 per share related to intangible amortization, $0.18 per share related to acquisitions and divestitures, and $0.03 per share related to a multi-year restructuring program, adjusted earnings… Continue reading Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook
@Geely: Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021
Jinhua, China, Aug. 03, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its second quarter 2021 financial results on Monday, August 9, 2021, before the U.S. stock market open. The Company has scheduled a conference call and live webcast to discuss its financial… Continue reading @Geely: Kandi Technologies to Report Second Quarter 2021 Financial Results and Hold a Conference Call on August 9, 2021
Local Motors selects alwaysAI® as its Computer Vision partner for automated accessibility features and enhanced customer experience on Olli 2.0
alwaysAI®‘s platform will enable automated accessibility features and enhanced passenger experience in Local Motor’s AV products. These features will allow transit services to reach more passengers, drive up vehicle utilization, and improve passenger safety. “Computer vision is a critical part of the new transportation industry. CV provides intelligent sight to autonomous vehicles, like the shuttles… Continue reading Local Motors selects alwaysAI® as its Computer Vision partner for automated accessibility features and enhanced customer experience on Olli 2.0
Additive Manufacturer Acquires Multi-material 3D Printing Firm
Metal additive manufacturing firm Desktop Metal announced its acquisition of a startup company that pioneered systems to deposit multiple materials with adhesive binders during the 3D printing process. The suburban Boston company said Belgium-based Aerosint would operate as a wholly owned subsidiary of Desktop Metal and continue to be led by Edouard Moens de Hase and Matthias Hick, who… Continue reading Additive Manufacturer Acquires Multi-material 3D Printing Firm
@Daimler: Mercedes-Benz and GROB launch battery cooperation
Mercedes-Benz is intensifying its cooperation with GROB-WERKE in the field of manufacturing technology, expanding its production capacity and know-how for next-generation batteries. Stuttgart/Mindelheim – Local battery production is a key differentiator for Mercedes-Benz and its electric push. The company’s global battery production network will include nine battery factories on three continents underscoring the company’s ambition… Continue reading @Daimler: Mercedes-Benz and GROB launch battery cooperation
Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range
SUNNYVALE, Calif.–(BUSINESS WIRE)– #Automotive–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the successful driving demonstration of its S3 Series LiDAR, a true solid state LiDAR sensor using an industry-first Optical Phased Array (OPA) technology and a scalable CMOS silicon manufacturing process… Continue reading Quanergy Demonstrates the Industry First OPA-based Solid State LiDAR with 100 Meter Range