Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit

“Lear is leading an era of unprecedented evolution and growth in automotive seating innovation. As automakers look for greater product differentiation, increased efficiency and improved performance – especially in the luxury, SUV and electric vehicle segments – Lear is offering seating with more integrated thermal and premium features,” said Ray Scott, Lear President and CEO.… Continue reading Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit

CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS

JUSTIN, Texas, Feb. 28, 2022 /PRNewswire/ — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2021. “We continue to make key progress and recently executed multiple agreements with the state of Oklahoma, including for the purchase of 1,000 vehicles. We broke ground in… Continue reading CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS

Stoneridge Reports Fourth-Quarter and Full-Year 2021 Results

Exhibit 2 – Adjusted Operating Income (Loss) by Segment   Reconciliation of Control Devices Adjusted Operating Income (Loss) (USD in millions) Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 2021 Control Devices Operating Income (Loss) $                      … Continue reading Stoneridge Reports Fourth-Quarter and Full-Year 2021 Results

Lucid to Report Fourth Quarter and Fiscal Year 2021 Financial Results on Monday, February 28, 2022, and Announces Q&A Platform for Shareholders

NEWARK, Calif., Feb. 14, 2022 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID) will host a conference call to discuss its fourth quarter and fiscal year 2021 financial results on Monday, February 28, 2022, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with… Continue reading Lucid to Report Fourth Quarter and Fiscal Year 2021 Financial Results on Monday, February 28, 2022, and Announces Q&A Platform for Shareholders

Lordstown Motors Reports Fourth Quarter and Fiscal Year 2021 Financial Results

LORDSTOWN, Ohio, Feb. 28, 2022 /PRNewswire/ — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), a provider of electric light duty trucks focused on the commercial fleet market, today released its fourth quarter and fiscal year 2021 financial results and provided a business update. Fourth Quarter and Recent Key Business Highlights Continue Reading Lordstown Endurance… Continue reading Lordstown Motors Reports Fourth Quarter and Fiscal Year 2021 Financial Results

GAC MOTOR Will Expand into Several New Russian Cities in 2022 – Brand Development

Brand Presence in Russia | Priority Locations Tver, Yekaterinburg, Tyumen and Rostov on Don represent significant populations, and are all strategically important for growing brands. Frontline access to smaller cities provide a crucial boost for GAC MOTOR in terms of brand visibility and reputation, allowing a valuable closer connection with local consumers. As the year… Continue reading GAC MOTOR Will Expand into Several New Russian Cities in 2022 – Brand Development

Kamux ends all cooperation with Teboil

HELSINKI, Feb. 28, 2022 /PRNewswire/ — Kamux Corporation  Press Release  February 26, 2022 at 19:30 (EET) Kamux ends all cooperation with Teboil Due to the situation in Ukraine, Kamux has decided to immediately end all cooperation with Teboil. Teboil is a subsidiary of the Russian oil company Lukoil. We condemn Russia’s invasion of Ukraine, and ending… Continue reading Kamux ends all cooperation with Teboil

Ferrari Releases Its 2021 Annual Report and Files Annual Report on Form 20-F

 Maranello (Italy), February 25, 2022 – Ferrari N.V. (NYSE/EXM: RACE) announced today that it has published its 2021 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2021, with the United States Securities and Exchange Commission. Ferrari’s 2021 Annual Report and annual report on… Continue reading Ferrari Releases Its 2021 Annual Report and Files Annual Report on Form 20-F

World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

Instead, the government wants to revise the tax-break scheme in favor of electric and hydrogen cars. People buying hybrid cars can get up to a W400,000 off on acquisition taxes and a maximum W1.43 million discount on other taxes. LPG vehicles are also subject to tax breaks ranging from W1 million for trucks and W3.5… Continue reading World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.19 to… Continue reading Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date