Category: Newswire

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

Kongsberg Automotive wins contract worth EUR 58 million in estimated lifetime revenue

Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million.  The four-year contract covers Kongsberg Automotive’s Fluoro-Comp® hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America.  The Fluoro-Comp®… Continue reading Kongsberg Automotive wins contract worth EUR 58 million in estimated lifetime revenue

Batteries Plus Names Jon Sica Chief Business Officer While Powering Up for Strategic Growth

Nation’s Largest and Fastest Growing Omni-Channel Retailer Enhances Leadership Team to Drive Franchises Success, Brand Growth HARTLAND, Wis., March 16, 2022 /PRNewswire/ — Batteries Plus, the nation’s largest and fastest-growing battery, light bulb, key fob and repair franchise, is already hitting the ground running in 2022 with the advancement of their executive team. The omni-channel retail… Continue reading Batteries Plus Names Jon Sica Chief Business Officer While Powering Up for Strategic Growth

$27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities

The investment will equip TABC with the first coil-fed laser blanking line for TMNA, expand blanking capability to include steel and aluminum on the same line and increase capacity to cut 5.6 million blanks annually. In addition, these added capabilities will enable TABC to better support Tacoma production at TMNA facilities in Baja, California, and… Continue reading $27 Million Investment to Expand Toyota’s Long Beach Manufacturing Capabilities

Nexteer Reports Full Year 2021 Financial Results

AUBURN HILLS, Mich., March 16, 2022 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2021. Although 2021 provided another challenging operating environment resulting from the ongoing global pandemic which brought unprecedented supply chain constraints and inflationary pressures to the automotive industry broadly, Nexteer continued to execute its long-term… Continue reading Nexteer Reports Full Year 2021 Financial Results

DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions

Investment advances DENSO’s commitment to achieve an environmentally-friendly, safe and secure mobility future NSITEXE, Inc., led Quadric’s $21 million Series B funding round NSITEXE is a DENSO group company that designs and develops key semiconductor components enabling next-generation automotive applications DENSO’s collaboration with Quadric helps the mobility supplier progress its sustainability and safety goals SOUTHFIELD,… Continue reading DENSO Group Company NSITEXE Leads Quadric’s $21 Million Series B Funding Round to Enhance AI Solutions