BEIJING, Feb. 4, 2021 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading interactive location-based services company in China, today announced that its previously announced acquisition candidate, eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) and Beijing New Energy Automobile Co., Ltd. (BAIC BluePark New Energy Technology Co., Ltd., Ticker: 600733.SH) (“BAIC BJEV”)… Continue reading Luokung Announces Partnership Between EMG and Leading Electric Vehicle Manufacturer BAIC BJEV to Jointly Develop Mapping Services for Autonomous Driving
Category: Newswire
Cummins Reports Fourth Quarter and Full Year 2020 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the fourth quarter of 2020. Fourth quarter revenues of $5.8 billion increased 5 percent from the same quarter in 2019. Sales in North America were flat while international revenues increased 12 percent driven by strong demand in China truck and construction markets as well as… Continue reading Cummins Reports Fourth Quarter and Full Year 2020 Results
ZF Announces $200 Million Investment in North American Commercial Vehicle Transmission Manufacturing
“ZF is a 106-year-old technology leader that has been in the U.S. for many decades, and this investment in U.S. manufacturing of sustainable driveline technology further proves our commitment to the North American commercial vehicle market,” explained Dr. Martin Fischer, President of ZF North America and Member of the Board of Management. “Together now with… Continue reading ZF Announces $200 Million Investment in North American Commercial Vehicle Transmission Manufacturing
HOPIUM Announces The Success Of Its Capital Increase By Private Placement For An Amount Of 5 Million Euros
PARIS, Feb. 4, 2021 /PRNewswire/ — HOPIUM (FR0014000U63 / symbol: MLHPI), French car manufacturer of high-end hydrogen vehicles, announces today the success of its capital increase carried out with cancellation of shareholders’ preferential subscription rights for a final amount of € 5 million with a limited circle of investors, in accordance with article L.411-2 I of… Continue reading HOPIUM Announces The Success Of Its Capital Increase By Private Placement For An Amount Of 5 Million Euros
Innolith Appoints Automotive & Mobility Expert Stefan Knupfer as Chairman
BASEL, Switzerland, Feb. 4, 2021 /PRNewswire/ — Innolith AG today announces that Stefan M. Knupfer, a McKinsey Senior Partner, has been appointed to the Board of Innolith AG in the position of Chairman of the Board. He takes over from Konstantin Solodovnikov, who will continue serving on the Board of Innolith AG and in his… Continue reading Innolith Appoints Automotive & Mobility Expert Stefan Knupfer as Chairman
Allison Transmission Awarded $3.6 Million Engineering Contract to Maintain Superior Performance of the Abrams Powertrain
INDIANAPOLIS–(BUSINESS WIRE)–The U.S. Army selected Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, to undertake an engineering program that builds upon previous analysis and evaluates the X1100-3B1 transmission and final drive changes necessary to expand the Abrams’ performance edge in speed, cruising range and durability.… Continue reading Allison Transmission Awarded $3.6 Million Engineering Contract to Maintain Superior Performance of the Abrams Powertrain
Veoneer: Financial Report October – December 2020
STOCKHOLM, Feb. 3, 2021 /PRNewswire/ — Financial Summary – Q4’20 Financial performance better than expectations Net Sales $455 million, Organic Sales1 increase 17% Active Safety Net Sales increase 38%, Organic Sales increase 31% Operating cash flow $(77) million, $27 million improvement YoY Cash balance $758 million Outlook – FY’21 Organic Sales1 growth YoY is expected to… Continue reading Veoneer: Financial Report October – December 2020
Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business
SEOUL, South Korea, Feb. 3, 2021 /PRNewswire/ — On February 3rd, Mando, a leading company in automotive parts, has signed a share purchase agreement (SPA) to acquire 100% of the equity in MHE, a joint venture between Halla Holdings of Korea and HELLA. MHE, founded in 2008, is a joint venture between Halla Holdings, the… Continue reading Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business
Volvo Group – the fourth quarter and full year 2020
GÖTEBORG, Sweden, Feb. 3, 2021 /PRNewswire/ — “In 2020, the global pandemic presented us with challenges that are unprecedented in modern times. Together with business partners and suppliers, we supported our customers through all stages of the crisis. We handled dramatic fluctuations in demand while taking decisive steps forward towards tomorrow’s fossil-free transport system. We… Continue reading Volvo Group – the fourth quarter and full year 2020
SKF Year-end report 2020
GOTHENBURG, Sweden, Feb. 2, 2021 /PRNewswire/ — Alrik Danielson, President and CEO: “I would like to thank everyone in SKF for contributing to making 2020 the year in which we delivered on our strategy in earnest, a fact which is reflected in yet another very strong set of results, not least during the fourth quarter.… Continue reading SKF Year-end report 2020