LONDON, Feb. 13, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its fourth quarter and full year 2019. Q4 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash Flow From Operations GAAP $1.1 B $(15) M (1.4)% $(0.46) $142 M… Continue reading Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook
Category: Newswire
Struggling NIO Delays Salary Payments Because of Coronavirus
NIO Inc. Chairman William Li told employees that the cash-strapped electric carmaker will pay January salaries six days late because of difficulties stemming from the outbreak of the novel coronavirus.
MOTIV single-seat autonomous ‘car’ is the ultimate in personal transporation
It’s an electric, single-seat vehicle designed with autonomous driving in mind.The MOTIV is just over eight feet long and four feet wide, features a gull-wing door and was engineered to meet European passenger car crash test standards.The MOTIV was built with support from a U.K. program aimed at developing electric vehicles and there are currently no firm plans to put it into production.
Lesjöfors’ new CEO: “We see both challenges and opportunities in 2020”
Tue, Feb 11, 2020 07:30 CET Lesjöfors’ market was heavily affected by external factors last year. An overall downturn in the automotive aftermarket, uncertainty with Brexit and the trade conflict between America and China was some of them. To be prepared for the future, Lesjöfors has made major investments in existing operations and acquired highly… Continue reading Lesjöfors’ new CEO: “We see both challenges and opportunities in 2020”
Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
BEIJING, Feb. 11, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, announced today that Ford Motor Corporation (NYSE: F) has selected Luokung’s subsidiary eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) as the only provider… Continue reading Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
The Nikola Badger electric pickup revealed as Tesla Cybertruck competitor
Apparently, there’s always room for one more when it comes to electric pickups.Startup automaker Nikola has unveiled plans to offer an electric full-size pickup it is designing in collaboration with a major automaker that will produce it for the Phoenix-based brand.The Badger will compete for customers with upcoming models from Tesla, GMC, Ford and Rivian when the order book opens later this year.
Daimler reports full-year 2019 results
STUTTGART, Germany, Feb. 11, 2020 /PRNewswire/ — Group unit sales of 3.34 million vehicles (2018: 3.35 million) Revenue up 3% to €172.7 billion (2018: €167.4 billion) Group EBIT of €4.3 billion (2018: €11.1 billion) Adjusted Group EBIT of €10.3 billion Net profit of €2.7 billion (2018: €7.6 billion) Free cash flow industrial business of €1.4… Continue reading Daimler reports full-year 2019 results
Michelin: 2019: €3,009 million in segment operating income, up €179 million or 6.5% at constant exchange rates, €1,730 million in net income, up €70 million, €1,615 million in structural free cash flow
PRESS RELEASEClermont-Ferrand, February 10, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the year ended December 31, 20192019: €3,009 million in segment operating income,up €179 million or 6.5% at constant exchange rates€1,730 million in net income, up €70 million€1,615 million in structural free cash flowIn a deteriorated environment and shrinking markets,Sales rose 7.8% at constant exchange rates,… Continue reading Michelin: 2019: €3,009 million in segment operating income, up €179 million or 6.5% at constant exchange rates, €1,730 million in net income, up €70 million, €1,615 million in structural free cash flow
Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program
KYOTO, Japan, Feb. 08, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that the Board of Directors of the Company, at a meeting held on February 8, 2020, made the following decisions regarding a stock split and an amendment to the Company’s Articles of Incorporation, as well as… Continue reading Nidec Announces Outlines of Planned Stock Split, Amendment to Articles of Incorporation, and Modification to Share Repurchase Program
DENSO Opens Central Technical Training Center in Maryville, Reaffirms commitment to Tennessee and Advanced Manufacturing
SOUTHFIELD, Mich., Feb. 7, 2020 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, today announced the opening of its Central Technical Training Center at its Maryville, Tennessee, facility. DENSO designed the state-of-the-art technical training center to educate its employees about the latest technologies and best practices in advanced manufacturing, a move that helps ensure… Continue reading DENSO Opens Central Technical Training Center in Maryville, Reaffirms commitment to Tennessee and Advanced Manufacturing