Net sales of $643 millionNet loss of $35 million, including $33 million of restructuring chargesAdjusted EBITDA of $33 millionAwarded $800 million in new businessAvailable cash of $825 million; no near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., April 30, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today announced first-quarter 2020 results, reporting net loss attributable to… Continue reading Visteon Announces First-Quarter 2020 Results
Category: Newswire
Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform
HERZLIYA, ISRAEL, April 30, 2020 (GLOBE NEWSWIRE) — Otonomo, the leading automotive data services platform, today announced $46 million in series C funding. The round includes investments from SK Holdings, Avis Budget Group, and Alliance Ventures as well as participation from existing investors such as Bessemer Venture Partners. This round brings the company’s total funding… Continue reading Otonomo Raises $46M in Series C Funding to Expand Its Automotive Data Services Platform
Nidec Announces Financial Results for Fiscal Year Ended March 31, 2020
KYOTO, Japan, April 30, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2020.The highlights are as follows:Net sales up 4% Y/Y to a record 1,535 billion yen.Operating profit down 15% Y/Y to… Continue reading Nidec Announces Financial Results for Fiscal Year Ended March 31, 2020
Ferrari starts the “Installation Lap” phase, courses on new safety regulations.
Training and serological tests before production resumes and gradually ramps up from 4 May.Maranello, 30 April 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) has launched the “Installation Lap” phase, safety training primarily for employees involved in the resumption of production from Monday 4 May.The Company has dedicated several days to this crucial… Continue reading Ferrari starts the “Installation Lap” phase, courses on new safety regulations.
Bollinger Motors Unveils World’s First Class 3 Electric Commercial Truck Platform
“The Bollinger B2 Chassis Cab’s unique features – including the 5,000-lb. payload and large energy source to power tools – make it perfect for businesses, small and large,” says CEO Robert Bollinger. “Commercial fleets will be able to reduce their overall cost of operation while buying a truck designed, engineered, and built in the USA.… Continue reading Bollinger Motors Unveils World’s First Class 3 Electric Commercial Truck Platform
Michelin: In the first quarter of 2020, at a time of systemic crisis due to COVID-19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis on employee health and the Group’s business.
Press ReleaseClermont-Ferrand, France – Wednesday, April 29, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2020In the first quarter of 2020, at a time of systemic crisis due to COVID 19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis… Continue reading Michelin: In the first quarter of 2020, at a time of systemic crisis due to COVID-19, Michelin saw an 8.3% decline in sales and deployed the measures needed to attenuate the impact of the crisis on employee health and the Group’s business.
rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
SAN FRANCISCO, April 28, 2020 /PRNewswire/ — rideOS, a leading Mobility as a Service technology provider that empowers businesses to build, operate and scale on-demand transportation offerings, today announced that Alto is utilizing the rideOS platform to manage its elevated rideshare service and accelerate its entry into last-mile delivery. Alto is now taking full-advantage of rideOS’… Continue reading rideOS Selected by Alto to Scale Its On-Demand Multi-Service Mobility Business
Nissan Warns of Losses, Delays Earnings Report Due to Pandemic
Nissan Motor Co. warned that it expects to post a loss for the just-ended fiscal year, becoming the latest global automaker to be hit by the coronavirus pandemic.
GM Suspends Dividend, Buybacks in Pivot to Cash Preservation
General Motors Co. suspended its dividend and the share-buyback program activist investors fought for over the last half decade as the largest U.S. automaker seeks to preserve cash in the midst of the pandemic shutting down much of the global car industry.
New Datsun redi-GO teased, launch soon
Nissan is all set to introduce the new Datsun redi-GO in India.Before the 2020 Datsun redi-GO is launched, the automobile manufacturer has released a couple of teaser images of the entry-level hatchback giving us a hint of its rather ‘bold’ exterior.The new Datsun redi-GO price might hover in the range.