There will come a time when cars that use fossil fuels to get around will be a novelty, and our roads will be packed with cars silently flinging passengers along with electricity. Once the hard bit of figuring out how the powertrain and electrics are going to fit and work within the framework of an… Continue reading World NM: Meet Lunaz Design, the firm turning old-school Rolls-Royces and Bentleys into new-age, red-carpet worthy EVs000828
Category: Newswire
Perspecta announces financial results for third quarter of fiscal year 2021
CHANTILLY, Va., Feb. 5, 2021 /PRNewswire/ — Perspecta Inc. (NYSE:PRSP), a leading U.S. government services provider, today announced financial results for the third quarter of fiscal year 2021, which ended January 1, 2021. As previously announced on January 27, 2021, Perspecta entered into a definitive merger agreement to be acquired by Peraton, a portfolio company of Veritas… Continue reading Perspecta announces financial results for third quarter of fiscal year 2021
Visteon and ECARX to Develop Intelligent Cockpits for Global Automotive Industry Using Qualcomm Solutions
Technology development enhances Visteon’s support to commercialize cockpit connectivity solutions for multiple global applications beginning in 2021First application of new infotainment ecosystem is for ECARX Asia Pacific regionVisteon’s industry-leading SmartCore™ cockpit controller based on the 3rd Generation Qualcomm® Snapdragon™ Automotive Cockpit PlatformsVAN BUREN TOWNSHIP, Mich., Feb. 04, 2021 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC),… Continue reading Visteon and ECARX to Develop Intelligent Cockpits for Global Automotive Industry Using Qualcomm Solutions
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
World NM: Ford ceases electric vehicle plan with China’s Zotye000827
Ford has decided to terminate its agreement with Chinese automotive company Zotye over an electric vehicle joint venture, the automaker announced on Thursday. Ford’s original ambition was to build a $756 million joint venture into electric vehicle technology in China to build small electric passenger vehicles. Electric vehicle sales are currently forecast to account for… Continue reading World NM: Ford ceases electric vehicle plan with China’s Zotye000827
Senmiao Technology Announces Expansion of Cooperation with China’s Leading E-commerce Services Platform Meituan
CHENGDU, China, Feb. 5, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a strategic cooperation agreement that expands upon a previously announced partnership… Continue reading Senmiao Technology Announces Expansion of Cooperation with China’s Leading E-commerce Services Platform Meituan
CBAK Energy Signs Agreement With Bus Manufacturer, Seeing Growing Revenues From EV Market
DALIAN, China, Feb. 5, 2021 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that its wholly owned subsidiary, Nanjing CBAK New Energy Technology Co., Ltd. (“Nanjing CBAK”), has signed an approximately $1.4 million product framework agreement (the “Agreement”) to… Continue reading CBAK Energy Signs Agreement With Bus Manufacturer, Seeing Growing Revenues From EV Market
Nikola’s Antonio Ruiz To Lead Global Standardization Project for Hydrogen Fueling Technologies
“The receipt of such international support is a significant step toward developing international standards and the fueling requirements needed to accelerate the adoption of heavy-duty fuel-cell electric trucks and, to advance the global deployment of hydrogen and fuel-cell technologies,” said Ruiz. The TC 197 committee focuses on the standardization of systems and devices for the… Continue reading Nikola’s Antonio Ruiz To Lead Global Standardization Project for Hydrogen Fueling Technologies
Cummins and Isuzu Announce Global Mid-Range Powertrain and Advanced Engineering Collaboration
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) and Isuzu Motors Limited (Isuzu) announced agreements for a global mid-range diesel powertrain and an advanced engineering collaboration, marking another step forward in the Isuzu Cummins Powertrain Partnership (ICPP). The partnership, formed in May 2019, formalized a business structure for the two companies to evaluate and carry out… Continue reading Cummins and Isuzu Announce Global Mid-Range Powertrain and Advanced Engineering Collaboration
World NM: Ford posts $1.3b loss for 2020000825
Ford Motor Company reported a loss of $2.8 billion and a revenue of $36 billion in the fourth quarter of 2020. For the whole year of 2020, the Dearborn-based automaker reported a loss of $1.3 billion and a revenue of $127.1 billion. The US automaker generated $1.9 billion in adjusted free cash flow in the… Continue reading World NM: Ford posts $1.3b loss for 2020000825