Category: Newswire

Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.

CINCINNATI, Nov. 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into an intellectual property licensing agreement (“IPLA”) with Lordstown Motors Corp. (“LMC”), a private corporate entity founded by former Workhorse CEO Steve Burns. The… Continue reading Workhorse Group Signs Intellectual Property Licensing Agreement with Lordstown Motors Corp.

VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases

MISSION, Kan., Nov. 7, 2019 /PRNewswire/ — VinSolutions and INFINITI announce the integration between INFINITI’s ICAR-X Sales app and VinSolutions Connect CRM, combining the two databases to give retailers unabridged access to key customer information from one centralized source. Through this integration INFINITI retailers now have the enhanced ability to offer a seamless online to in-store experience… Continue reading VinSolutions and INFINITI ICAR-X App Integration Enhances the Digital Showroom Experience with Merged Databases

Kongsberg Automotive reports Q3 2019 results

Thu, Nov 07, 2019 07:30 CET Kongsberg Automotive ASA Q3 2019 Report and Presentation follow attached. Highlights Q3 2019: In a challenging market environment, we again grew our revenues: YoY revenue growth of 7.8% from MEUR 259 to MEUR 279 including positive FX effects of MEUR 4.  Excluding FX effects, our growth rate was 6%… Continue reading Kongsberg Automotive reports Q3 2019 results

Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth

“Karma is evolving beyond a car company to become a tech-driven brand equally focused on being an important engineering, design, customization resource and high-tech incubator to others,” said Karma CEO Dr. Lance Zhou. “As the only company creating and building cars in Southern California today, Karma’s presence at these two major automotive forums reinforces our… Continue reading Karma Automotive Uses AutoMobility LA To Showcase Tech-Focused Ecosystem To Drive Its Continued Growth

Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.

SEATTLE, Nov. 7, 2019 /PRNewswire/ — Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., today announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation. The funding will accelerate… Continue reading Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.

Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020

PLYMOUTH, Mich., Nov. 7, 2019 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced fourth quarter and full-year 2019 financial results. Impacted by one-time, non-cash charges, Q4 GAAP net loss and EPS diluted of $(4) million and $(0.04), respectively; Q4 Adj.-EPS diluted of $0.63 Q4 Adj.-EBIT and Adj.-EBITDA of $138 million… Continue reading Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020

Toyota posts 14% rise in Q2 operating profit as car sales rise

TOKYO, Nov 7 (Reuters) – Toyota Motor Corp posted a 14.4% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales.
Japan's biggest automaker posted an operating profit of 662.3 billion yen ($6.09 billion) in the July-September quarter, up from 579.1 billion yen a year ago.
It was higher than an average forecast of 592.3 billion yen based on estimates from nine analysts, Refinitiv data shows.