Brilliance Auto Group Holdings Co. Ltd., parent of BMW AG’s main Chinese joint-venture partner, failed to repay a 1 billion yuan ($149 million) bond that came due Friday. In 2003, Brilliance China Automotive Holdings Ltd., a Brilliance Auto subsidiary, established a joint venture with the German luxury automaker to make passenger cars with the BMW… Continue reading World NM: BMW’s Chinese Venture Partner Defaults on 1 Billion Yuan Bond000331
Category: Newswire
Triton-EV Debuts 100% Electric Full-Service 18-Wheeler Semi Truck
“We decided to go for it,” explained Himanshu Patel, Founder and CEO of Triton-EV. “Everyone was saying, ‘No, it can’t be done. It will take five years and a hundred million dollars.’ We thought, no, we can do it right now. We have the people and the components. The whole effort took 35 days. That’s… Continue reading Triton-EV Debuts 100% Electric Full-Service 18-Wheeler Semi Truck
ATLIS Motor Vehicles Files For Six New Patents To Bring 500 Mile Range Electric Work Truck To Market
MESA, Ariz., Oct. 26, 2020 /PRNewswire/ — ATLIS Motor Vehicles (AMV), a start-up mobility technology company developing an electric work truck, and the batteries and motors to drive it, has filed six new provisional patents for protection of key technology related to its 100% electric XP vehicle platform and XT pickup truck. The new patent applications… Continue reading ATLIS Motor Vehicles Files For Six New Patents To Bring 500 Mile Range Electric Work Truck To Market
Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2020
KYOTO, Japan, Oct. 26, 2020 (GLOBE NEWSWIRE) —Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2020 through September 30, 2020.The highlights are as follows: First half net sales and operating profit increased 0.1% Y/Y to ¥751.8 billion, 12.0%… Continue reading Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2020
Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021
KYOTO, Japan, Oct. 26, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced an upward revision to its IFRS-based consolidated financial forecasts for the year ending March 31, 2021, previously announced on July 21, 2020.The details are as follows:Revised consolidated financial forecasts (IFRS) for the year ending March 31,… Continue reading Nidec Revises Upward Consolidated Financial Forecasts for the Year Ending March 31, 2021
GROUPE RENAULT: Quarterly information Q3 2020
PRESS RELEASE #RenaultResults Revenues of €10,374 million in the third quarter of 2020Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -3.2%.The Group sold 806,320 vehicles in the third quarter, down 6.1%.September showed a positive momentum, particularly marked in Europe, where Group’s sales were up 8%… Continue reading GROUPE RENAULT: Quarterly information Q3 2020
FCA Celebrates Top Supplier Partners Across 19 Categories at 2020 Annual Supplier Conference and Awards
“The transformational changes we made in 2019 built a strong foundation for the wave of product launches coming out of FCA, and today we spotlighted those suppliers who took their work to the next level,” said Martin Horneck, Head of Purchasing and Supply Chain Management, FCA – North America. “These are the ‘best of the… Continue reading FCA Celebrates Top Supplier Partners Across 19 Categories at 2020 Annual Supplier Conference and Awards
EV Charge Holding Limited obtient 15 millions d’euros de GEM
ZHENGZHOU, Chine, 23 octobre 2020 /PRNewswire/ — EV Charge Holding Ltd. (« EV Charge »), une entreprise proposant des solutions de recharge électrique constituée en vertu des lois du Royaume-Uni et dont le siège social est situé au 20-22, Wenlock Road, à Londres, en Angleterre (N1 7GU), a annoncé avoir signé un accord avec GEM Global Yield LLC SCS (« GEM »), le groupe d’investissement privé non traditionnel basé au… Continue reading EV Charge Holding Limited obtient 15 millions d’euros de GEM
World NM: Why building an electric car is so expensive, for now000317
At Tesla Inc’s ballyhooed Battery Day event in September, chief executive Elon Musk set himself an ambitious target: to produce a US$25,000 electric car in three years. Like all batteries, have the same basic components: two electrodes – a cathode and an anode – and an electrolyte that helps shuttle the charge between them, there… Continue reading World NM: Why building an electric car is so expensive, for now000317
Daimler reports third-quarter 2020 results
STUTTGART, Germany, Oct. 23, 2020 /PRNewswire/ — Good performance by Group and divisions, despite lower unit sales and revenue, due to improving markets, strong products and diligent cost discipline Industrial net liquidity of €13.1 billion (end of Q2 2020: €9.5 billion) Positive momentum from market and cost measures in third quarter expected to be continued… Continue reading Daimler reports third-quarter 2020 results