GÖTEBORG, Sweden, Oct. 30, 2020 /PRNewswire/ — The Volvo Group and Isuzu Motors today signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. The agreements include Isuzu Motor’s acquisition of UD… Continue reading Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
Category: Newswire
Visteon Announces Third-Quarter 2020 Results
Net sales of $747 million; 3% increase Y/Y excluding currencyNet income of $6 million or $0.21 per diluted shareAdjusted net income of $38 million or $1.36 per diluted share, excluding restructuring chargesAdjusted EBITDA of $87 million, 11.6% of sales$1.5 billion in new business wins and record 23 new product launches in Q3Repaid $400 million on… Continue reading Visteon Announces Third-Quarter 2020 Results
Valmet Automotive launches urgent recruitment of 400 car builders
Valmet Automotive launches today a recruitment of 400 car builders for the Uusikaupunki car plant. The car sales are growing rapidly, and Valmet Automotive will be recruiting on a very urgent schedule. With rising production volumes, the new car builders will be needed at work already by the end of January. Online application is available on… Continue reading Valmet Automotive launches urgent recruitment of 400 car builders
Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders
Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403) Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders Ursensollen, 29 October 2020 – The Executive Board of Grammer AG today… Continue reading Grammer AG has resolved to increase its share capital by EUR 40 million from authorised capital with subscription rights for the shareholders
Allison Transmission Announces Third Quarter 2020 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today reported net sales for the third quarter of $532 million, a 20 percent decrease from the same period in 2019… Continue reading Allison Transmission Announces Third Quarter 2020 Results
Stoneridge Reports Strong Third-Quarter 2020 Results
NOVI, Mich., Oct. 28, 2020 /PRNewswire/ — 2020 Third-Quarter Results Earnings per diluted share (“EPS”) of $0.25 Adjusted EPS of $0.18 Sales of $175.8 million Gross profit of $46.0 million Adjusted gross profit of $46.7 million (26.5% of sales) Operating income of $9.8 million Adjusted operating income of $8.2 million (4.7% of sales) Adjusted… Continue reading Stoneridge Reports Strong Third-Quarter 2020 Results
Announcing The Hennessey VelociRaptor V8 Bronco
The 2021 Bronco may be one of the most highly desired vehicles since the introduction of the Ford GT. Tweet this “Over the past two years we have built over 70 Gen 2 Ford Raptors for our customers by removing the EcoBoost V6 and replacing it with the same 750 HP supercharged 5.0 V8. I wanted… Continue reading Announcing The Hennessey VelociRaptor V8 Bronco
Applied Intuition raises $125M Series C from existing investors Lux Capital, Andreessen Horowitz, and General Catalyst
Simulation and associated infrastructure are critical to the advancement of autonomous technology. Autonomous vehicle programs use Applied Intuition’s software toolset to validate and verify the safety, comfort, and functionalities of their vehicles. Applied Intuition was founded in 2017 with a mission to make it faster, safer, and easier to bring autonomy to the market. As… Continue reading Applied Intuition raises $125M Series C from existing investors Lux Capital, Andreessen Horowitz, and General Catalyst
Shyft Auto, The Contactless Vehicle Service Software for Automotive Repair Shops and Consumers, Just Launched on Republic.co
WINSTON – SALEM, N.C., Oct. 27, 2020 /PRNewswire/ — Shyft Auto announces the launch of a Republic crowdfunding campaign to help connect consumers to automotive service facilities for contactless service experiences. Consumers can connect with automotive service facilities (ASF) through a mobile iOS, Android, or web-based application. Consumers can schedule an appointment, schedule pickup and… Continue reading Shyft Auto, The Contactless Vehicle Service Software for Automotive Repair Shops and Consumers, Just Launched on Republic.co
Cummins Reports Third Quarter 2020 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2020. Third quarter revenues of $5.1 billion decreased 11 percent from the same quarter in 2019. Sales in North America declined by 18 percent while international revenues were flat. Currency negatively impacted revenues by 1 percent primarily due to a weaker… Continue reading Cummins Reports Third Quarter 2020 Results