Category: Newswire

Ola Electric makes strategic investment in StoreDot, an Israeli company with extreme fast charging technology

BENGALURU, India, March 21, 2022 /PRNewswire/ — Ola Electric, India’s leading manufacturer of EVs, has invested in an Israeli battery technology company StoreDot, a pioneer in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up… Continue reading Ola Electric makes strategic investment in StoreDot, an Israeli company with extreme fast charging technology

CarBreezy, A New Fully Online Car Buying Solution, Launches Utilizing Cox Automotive Esntial Commerce Technology

“Titus-Will Automotive Group is excited to launch a fast and easy fully-digital solution to the South Puget Sound region and demonstrate that ‘online to your driveway’ within 72 hours is possible,” said Trevor Will, general manager at Titus-Will Automotive Group. “We look forward to offering our neighbors a completely online retail experience, backed by the… Continue reading CarBreezy, A New Fully Online Car Buying Solution, Launches Utilizing Cox Automotive Esntial Commerce Technology

TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses

SAN DIEGO, March 21, 2022 /PRNewswire/ — TuSimple (Nasdaq: TSP), a global autonomous driving technology company, announced today that its Board of Directors, with full support from its management team, intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses. The Board believes that such a transaction can highlight value in the… Continue reading TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses

Tenneco Named a 2021 Supplier of the Year by General Motors

LAKE FOREST, Ill., March 21, 2022 /PRNewswire/ — For the fifth consecutive year, Tenneco (NYSE: TEN) was recognized as a Supplier of the Year by General Motors.  As the global automaker celebrated honorees last week at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, Tenneco’s Powertrain Business Group accepted the award… Continue reading Tenneco Named a 2021 Supplier of the Year by General Motors

Valmet Automotive starts change negotiations due to component shortage

Valmet Automotive has today issued a change negotiation proposal on the need for temporary personnel layoffs at the Uusikaupunki car plant. The proposal is based on financial and production-related grounds due to a component shortage in the A-Class production, caused by the recent global disruptions in component supply chains. For Valmet Automotive, the situation has… Continue reading Valmet Automotive starts change negotiations due to component shortage

General Motors Names Brose a 2021 Supplier of the Year

This is the 6th time Brose has received the award. “The entire Brose organization is proud of being acknowledged as a GM Supplier of the Year for the fifth time in a row,” said Wilm Uhlenbecker, President, Brose North America. “This is a reflection of the Brose team’s efforts to intentionally put our customers first… Continue reading General Motors Names Brose a 2021 Supplier of the Year

General Motors Names Hanon Systems a 2021 Supplier of the Year

SEOUL, South Korea, March 17, 2022 /PRNewswire/ — General Motors recognized global automotive thermal and energy management solutions supplier Hanon Systems as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, earlier this week. GM’s Supplier of the Year award recognizes global suppliers… Continue reading General Motors Names Hanon Systems a 2021 Supplier of the Year

Hanon Systems Expands Thermal Management Production to Support Growth in Electrified Vehicles

SEOUL, Korea, March 16, 2022 /PRNewswire/ — Automotive thermal and energy management solutions supplier Hanon Systems (KS:018880) today announced it is launching a new plant in Hubei, China, which reinforces the company’s increasing support to automakers in the electrified vehicle segment.  The new plant will manufacture heating, ventilation and air conditioning (HVAC) modules for electrified… Continue reading Hanon Systems Expands Thermal Management Production to Support Growth in Electrified Vehicles

ZTO Reports Fourth Quarter 2021 and Fiscal Year 2021 Unaudited Financial Results

22.3 Billion Annual Parcels Increased Market Share to 20.6%Adjusted Net Income Reached RMB4.9 Billion while Price Competition Cooled  US$0.25 per Share Dividend Announced for 2021 SHANGHAI, March 16, 2022 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced its… Continue reading ZTO Reports Fourth Quarter 2021 and Fiscal Year 2021 Unaudited Financial Results