Category: Newswire

Lear Signs Agreement for Joint Venture with Hu Lane for Connector Products

SOUTHFIELD, Mich., Sept. 22, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has signed a definitive agreement for a joint venture with Hu Lane Associate Inc. (TPEX: 6279), a listed company on the Taipei stock market and a manufacturer of world-class automotive connector products.… Continue reading Lear Signs Agreement for Joint Venture with Hu Lane for Connector Products

Jing-Jin Electric and Allison Transmission Partner to Accelerate Development of Commercial Vehicle Electrified Powertrain Solutions for Global Markets

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, and Jing-Jin Electric (JJE), a Chinese electrified propulsion leader in components, assemblies and systems for global automotive and commercial vehicle customers, have signed a broad, global strategic collaboration partnership agreement to accelerate the development of industry-leading electrified… Continue reading Jing-Jin Electric and Allison Transmission Partner to Accelerate Development of Commercial Vehicle Electrified Powertrain Solutions for Global Markets

Warehouse robotics startup HAI ROBOTICS secures $200M funding

The C round funding was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International and Scheme Capital. The D round funding, the third capital infusion for the company in 2021, was led by Capital Today with some existing investors, including Sequoia Capital China, 5Y Capital, Source Code Capital,… Continue reading Warehouse robotics startup HAI ROBOTICS secures $200M funding

Kensington Capital Acquisition Corp. II and Wallbox Announce September 30, 2021 Special Meeting to Approve Business Combination

Kensington and Wallbox filed a proxy statement/prospectus (the “Proxy Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) and began mailing it to stockholders on September 20, 2021.  The Proxy Statement is available on the SEC Filings section of Kensington’s website www.autospac.com, as well as www.sec.gov.  Kensington stockholders are encouraged to read the proxy… Continue reading Kensington Capital Acquisition Corp. II and Wallbox Announce September 30, 2021 Special Meeting to Approve Business Combination

Martinrea International Inc. to Present at the 20th Annual CIBC Eastern Institutional Investor Conference

TORONTO, Sept. 20, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced Rob Wildeboer, Executive Chairman, Fred Di Tosto, Chief Financial Officer, and Neil Forster, Director, Investor Relations and Corporate… Continue reading Martinrea International Inc. to Present at the 20th Annual CIBC Eastern Institutional Investor Conference

Local Motors continues growth as Vikrant Aggarwal becomes Chief Executive Officer

CHANDLER, Ariz., Sept. 21, 2021 /PRNewswire/ — Local Motors announced today that President and COO, Vikrant Aggarwal, became the company’s Chief Executive Officer. The change comes as Local Motors has demonstrated market traction with global commercial deployments of Olli, its electric autonomous shuttle. Prior to joining Local Motors, Vikrant spent two decades at Cummins in a… Continue reading Local Motors continues growth as Vikrant Aggarwal becomes Chief Executive Officer

TI Fluid Systems Welcomes new CEO And Additions To The Executive Committee

AUBURN HILLS, Mich., Sept. 21, 2021 /PRNewswire/ — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has announced three executive level appointments as Hans Dieltjens assumes the role of President and Chief Executive Officer on 1 October 2021. Hans will succeed William L. Kozyra, who will retire on 1 October… Continue reading TI Fluid Systems Welcomes new CEO And Additions To The Executive Committee

AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director

FORT LAUDERDALE, Fla., Sept. 21, 2021 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), America’s largest and most admired automotive retailer, today announced that it has appointed Mike Manley as Chief Executive Officer and as a member of its Board of Directors, effective November 1, 2021. Mike Jackson will retire from AutoNation on November 1, 2021, as Chief… Continue reading AutoNation Appoints Michael “Mike” Manley Chief Executive Officer and Director

Fast supply accelerates the gas springs business

Fri, Sep 17, 2021 09:44 CET Lesjöfors’ gas springs business is expanding worldwide. The reasons for this are related to new sales channels and reliable deliveries as well as recovery from last year’s dip in demand caused by corona restrictions. Customers appreciate the high service level greatly. Almost all markets where Lesjöfors offers gas springs… Continue reading Fast supply accelerates the gas springs business