Category: Newswire

Haldex Year-End Report January – December 2020

STOCKHOLM, Feb. 11, 2021 /PRNewswire/ — Strong sequential recovery and improved adjusted operating income FOURTH QUARTER 2020            Sales fell by 13% to SEK 989m (1,141). In currency-adjusted terms, the decline was 6%.            Gross margin improved by 3 percentage points to 28.6% (25.6). The improvement is attributed to the closure of production units as well as… Continue reading Haldex Year-End Report January – December 2020

World NM: GM sacrifices profits in $27bn electric drive000847

General Motors will spend $27bn (£22bn) on phasing out all petrol and diesel-powered vehicles by 2035 despite admitting its electric drive will come at the expense of profits. The company will spend more than $7bn on electric and self-driving vehicles this year and develop 30 battery-driven models by 2025. Toyota raised its profit forecasts by more… Continue reading World NM: GM sacrifices profits in $27bn electric drive000847

Lear Declares Quarterly Cash Dividend

SOUTHFIELD, Mich., Feb. 10, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on the Company’s common stock.  The dividend is payable on March 23, 2021, to shareholders of record at the… Continue reading Lear Declares Quarterly Cash Dividend

BorgWarner Launches 800-volt Electric Motor for the Commercial Vehicle Segment

AUBURN HILLS, Mich., Feb. 10, 2021 /PRNewswire/ — BorgWarner’s latest High Voltage Hairpin (HVH) electric motor, the HVH 320, is ready to power a variety of hybrid and electric applications for commercial vehicle manufacturers, including a large European OEM. Production of the HVH 320, which is equipped with 800-volt capabilities and available in four variants, is… Continue reading BorgWarner Launches 800-volt Electric Motor for the Commercial Vehicle Segment

Hyundai Motor Group Unveils TIGER Uncrewed Ultimate Mobility Vehicle Concept

Hyundai’s first uncrewed ultimate mobility vehicle (UMV) concept is revealed today as TIGER, which stands for transforming intelligent ground excursion robot. TIGER is intended to carry payloads over remote and inaccessible terrain and designed to operate as a four-wheel drive vehicle or a four-legged walking machine. The vehicle is being developed by Hyundai Motor Group’s… Continue reading Hyundai Motor Group Unveils TIGER Uncrewed Ultimate Mobility Vehicle Concept

World NM: Kia to transform itself into EV carmaker000841

By Baek Byung-yeul Kia has vowed to improve its electric vehicle (EV) sales, and will release 11 EV models by 2026, while transforming itself into a total mobility company, the Hyundai Motor Group affiliate said Tuesday. In the U.S. market, which accounts for the largest portion of Kia’s sales and profits, the company plans to… Continue reading World NM: Kia to transform itself into EV carmaker000841

GROUPE RENAULT: Nissan contribution to Renault’s Q4 2020 earnings

February 09th, 2021Nissan contributes – € 123 million for fourth quarter 2020 to Renault’s earningsNissan released today its results for the third quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021).Nissan’s results, published in Japanese accounting standards, for the third quarter of fiscal year 2020/2021 (October 1st to December 31st, 2020), after… Continue reading GROUPE RENAULT: Nissan contribution to Renault’s Q4 2020 earnings

ALYI Announces RevoltTOKEN ICO Update Scheduled Friday, February 12, 2020

DALLAS, Feb. 9, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI), in conjunction with its recently released democratized electric vehicle ecosystem multimedia presentation, today announced the company’s finance partner, RevoltTOKEN, will publish an independent update on progress toward its planned ICO. The update is scheduled for release this Friday, February 12, 2020. ALYI has kick-started a comprehensive… Continue reading ALYI Announces RevoltTOKEN ICO Update Scheduled Friday, February 12, 2020

Cruiser Motorbikes to Stimulate Revenue Pools, Technological Innovations at the Core of Key Manufacturers: Fact.MR

NEW YORK, Feb. 9, 2021 /PRNewswire/ — Fact.MR’s recently published report on the global motorcycle market forecasts an optimistic outlook for 2021 compared to 2020. Despite a pandemic-induced recession, the market has rebounded well since the fourth quarter, and is likely to remain stable throughout the current year. Projections for the forthcoming decade are pegged at… Continue reading Cruiser Motorbikes to Stimulate Revenue Pools, Technological Innovations at the Core of Key Manufacturers: Fact.MR