Category: Newswire

Audi ex-CEO Stadler charged with fraud in diesel cheating

MUNICH prosecutors have charged former Audi chief executive officer Rupert Stadler with fraud and other offenses, accusing the disgraced manager of continuing to sell cars with manipulated engines even after the scandal burst into the open in late 2015.Once seen as a possible contender for VW’s top job, Stadler was arrested in June 2018 and spent months in jail.In the years that followed, repeated recalls of Audi vehicles over their emission performance – including Porsche cars with engines developed by the brand – continued to taint the brand.

Delphi Technologies reports second quarter 2019 financial results, updates full year outlook

LONDON, Aug. 1, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”), a global leader in vehicle propulsion systems, today reported second quarter 2019 U.S. GAAP earnings of $0.31 per diluted share compared to $0.97 per diluted share for the prior year period. Excluding special items, second quarter earnings totaled $0.58 per diluted… Continue reading Delphi Technologies reports second quarter 2019 financial results, updates full year outlook

Chinese company discusses project to manufacture electric buses in Egypt

CAIRO, July 31 (Xinhua) — Egypt's Minister of Military Production Mohamed Saeid el-Asar and Local Development Minister Mahmoud Shaarawy discussed on Wednesday with officials from China's Foton Motor and IMUT (International Marathon United Technology) companies a new project for jointly manufacturing electric buses, official news agency MENA reported.
Foton officials reviewed the characteristics and the capabilities of the buses to be manufactured in Egypt, the report said.
Foton said it is currently working on exporting the newest electric buses that are suitable for the operation and environment in Egypt.
“Manufacturing electric buses in Egypt is part of a government plan to upgrade the fleet of the public transport authority with an aim to ease the traffic congestion in the capital and the countries' largest cities,” Shaarawy said.
The plan is also meant to localize the electric buses in Egypt and to improve services offered to citizens, he added.
Foton also reviewed ..

Dana Incorporated Announces Strong Second-quarter Results; Affirms Full-year Guidance Ranges

MAUMEE, Ohio, July 31, 2019 /PRNewswire/ — Second-quarter Highlights Strong sales of $2.3 billion, an increase of $252 million compared with second-quarter 2018; represents 11th consecutive quarter of year-over-year sales growth Net loss attributable to Dana of $68 million; diluted EPS a…