Category: Newswire

CATL starts construction of its first overseas factory in Germany

ERFURT, Germany, Oct. 18, 2019 /PRNewswire/ — A groundbreaking ceremony for the first overseas factory of the world’s leading lithium-ion battery maker Contemporary Amperex Technology Co. Limited (CATL) took place on October 18 in Thuringia, a state in east-central Germany, marking the start of construction of the first lithium-ion battery factory in Germany. “Germany is home… Continue reading CATL starts construction of its first overseas factory in Germany

GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

PRESS RELEASEGroupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenuesBoulogne-Billancourt, October 17, 2019Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019:Published Group revenues should decline between -3% and -4% (previous guidance:  close to last year level at… Continue reading GROUPE RENAULT : Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

Piston Group Acquires Marion Industries

This acquisition expands Piston Automotive’s footprint into the Central Ohio region and further diversifies the company’s growing list of OEM customers. Marion Industries has been recognized by Honda for its excellence in quality, delivery and customer value. “Transforming our business and accepting new challenges is required in order to compete in today’s marketplace,” said Piston… Continue reading Piston Group Acquires Marion Industries

Cummins Unveils New Battery Powered Tactical Unit for U.S. Military

SHOREVIEW, Minn.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) debuted the Tactical Energy Storage Unit during the 2019 Association of the United States Army (AUSA) show at the Washington Convention Center, October 14 – 16. The new Tactical Energy Storage Unit is the first battery hybrid power generation system for military use, further enhancing the performance and reliability… Continue reading Cummins Unveils New Battery Powered Tactical Unit for U.S. Military