Category: Newswire

Volvo Group Venture Capital Invests in Cybersecurity

GÖTEBORG, Sweden, Oct. 21, 2019 /PRNewswire/ — Volvo Group Venture Capital AB has invested in Upstream Security, a leading Israeli automotive cybersecurity company. The investment will fund the development of systems to protect connected vehicles following the introduction of data-driven technologies. Upstream Security is a Tel Aviv-based start-up company which provides cybersecurity solutions designed specifically… Continue reading Volvo Group Venture Capital Invests in Cybersecurity

CATL starts construction of its first overseas factory in Germany

ERFURT, Germany, Oct. 18, 2019 /PRNewswire/ — A groundbreaking ceremony for the first overseas factory of the world’s leading lithium-ion battery maker Contemporary Amperex Technology Co. Limited (CATL) took place on October 18 in Thuringia, a state in east-central Germany, marking the start of construction of the first lithium-ion battery factory in Germany. “Germany is home… Continue reading CATL starts construction of its first overseas factory in Germany

GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

PRESS RELEASEGroupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenuesBoulogne-Billancourt, October 17, 2019Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019:Published Group revenues should decline between -3% and -4% (previous guidance:  close to last year level at… Continue reading GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

Piston Group Acquires Marion Industries

This acquisition expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers. Marion Industries has been recognized by Honda for its excellence in quality, delivery and customer value. “Transforming our business and accepting new challenges is required in order to compete in today’s marketplace,” said Piston… Continue reading Piston Group Acquires Marion Industries