Category: Newswire

China Automotive Systems signs new contract with SAIC Maxus

WUHAN, China, Sept. 30, 2019 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced it has entered into a new supply contract with SAIC Maxus, an SUV and commercial vehicle subsidiary of SAIC Motor (formerly Shanghai Automotive Industry Corporation).  SAIC is one of… Continue reading China Automotive Systems signs new contract with SAIC Maxus

Visteon Announces Departure of Chief Financial Officer

VAN BUREN TOWNSHIP, Mich., Sept. 25, 2019 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today announced that Christian Garcia, executive vice president and chief financial officer, has resigned from the company to accept another position based in Houston, Texas. Garcia will continue in his current position through Oct. 31, 2019, to ensure a smooth transition… Continue reading Visteon Announces Departure of Chief Financial Officer

Mando opens a new R&D center in Europe

– Mando to expand technological leadership in the birthplace of autos – SEOUL, South Korea and FRANKFURT, Germany, Sept. 27, 2019 /PRNewswire/ — On September 11, Mando (CEO: Mong-won Chung, Il-Hwan Tak) held the opening ceremony of its new R&D center in Frankfurt, Germany joined by…

Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology

COLUMBUS, Ind. & SEOUL, Korea–(BUSINESS WIRE)–Hyundai Motor Company and Cummins Inc. (NYSE: CMI), announced today that the two global powertrain leaders have entered into a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains. These new powertrains are expected to be developed by combining Hyundai’s fuel cell… Continue reading Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology