Maranello (Italy), 18 August 2020 – Ferrari N.V. (NYSE/MTA: RACE) announces that Ferrari S.p.A. has signed today the two agreements that will govern the Scuderia’s participation in the FIA Formula One World Championship over the five year period from 2021 to 2025.The agreement, which was signed with the Fédération Internationale de l’Automobile (“FIA”) and Formula… Continue reading Ferrari signs the 2021-2025 Concorde Agreement
Category: Newswire
Bollinger Motors Announces Move to New Headquarters
The Oak Park facility is more than four times larger than the company’s Ferndale shop, and it will be the primary base of operations for the growing Bollinger Motors team. The company estimates its current team of 40 will double in size by the end of 2020 as it works towards production on the all-electric… Continue reading Bollinger Motors Announces Move to New Headquarters
HiPhi announces partnership with Givaudan to develop exclusive onboard fragrances
HiPhi’s brand spirit, which is “to explore, to be free and to create” and its vision of “a diverse world in harmony” is complementary to that of Givaudan’s, which is “to inspire emotion through creation every day, everywhere.” Ding Lei, CEO and founder of HiPhi, noted, “Givaudan’s rich heritage of innovation has helped establish its… Continue reading HiPhi announces partnership with Givaudan to develop exclusive onboard fragrances
Toyota Motor North America Announces Executive Changes
Bill Fay, senior vice president of automotive operations, TMNA, is retiring after more than 38 years with the company, effective September 1, 2020. Fay has held key sales positions at four regional TMNA offices and senior-level roles at the company’s headquarters operations, including group vice president and general manager of the Toyota division, where he… Continue reading Toyota Motor North America Announces Executive Changes
Hyundai Motor America Names Fred DePerez Vice President of Product Line Management and Sales Planning
Hyundai’s Product Line Management group focuses on ways to improve performance by analyzing target customers, segment dynamics and the dealer’s engagement level of each Hyundai vehicle. Sales Planning analyzes industry-wide trends and identifies national and regional growth opportunities for Hyundai. Retail Operations manages Hyundai’s national incentive spending, certified pre-owned programs and sales planning activities. DePerez… Continue reading Hyundai Motor America Names Fred DePerez Vice President of Product Line Management and Sales Planning
Allison Transmission Declares Quarterly Dividend
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today announced that its Board of Directors has declared a cash dividend of $0.17 per share on the Company’s common stock… Continue reading Allison Transmission Declares Quarterly Dividend
China Automotive Systems Reports 2020 Second Quarter Unaudited Financial Results
WUHAN, China, Aug. 14, 2020 /PRNewswire/ — China Automotive Systems, Inc. (“CAAS” or the “Company”) (NASDAQ: CAAS), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the second quarter and six months ended June 30, 2020. Second Quarter 2020 Highlights Net sales were $83.2 million as compared… Continue reading China Automotive Systems Reports 2020 Second Quarter Unaudited Financial Results
CarParts.com Announces Pricing of Public Offering of Common Stock
TORRANCE, Calif., Aug. 13, 2020 /PRNewswire/ — CarParts.com, Inc. (NASDAQ: PRTS) (“CarParts.com”), one of the leading e-commerce providers of automotive parts and accessories, today announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock at a price to the public of $13.00 per share. Of the shares being offered, 4,000,000 are being offered by… Continue reading CarParts.com Announces Pricing of Public Offering of Common Stock
FreeWire Deploys Next Generation Ultrafast Electric Vehicle Charging at Convenience Stores
Boost Charger easily connects with ampm‘s existing infrastructure, allowing the system to be installed in hours without requiring expensive new grid power supply. Boost Charger can be powered from a single-phase connection and installed in places that previously could not support higher power demand. “Fueling stations and convenience stores have had very few options to… Continue reading FreeWire Deploys Next Generation Ultrafast Electric Vehicle Charging at Convenience Stores
Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic
Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic -Group revenue declines by 30 percent to 735.8 million euros in the first six month-EBIT impacted by one-time effects amounting to -24.2 million euros -Operating EBIT of -45.7 million euros in the first half of the year-Increase in existing syndicated loan… Continue reading Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic