STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Daimler Truck AG and U.S.-based global power leader and engine manufacturer Cummins Inc. (NYSE: CMI) announced in February that they would enter into a global strategic partnership for medium-duty engines. The details of the agreement have been established and the framework agreement has been signed by both companies. Under the… Continue reading Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines
Category: Newswire
World NM: Battery life expected to put Nissan ahead, says top executive001430
As the automotive industry advances toward an all-electric era, driven by the goal of a sustainable, zero-emission future, carmakers are seeking to ensure vehicle batteries get a second life by being recycled, refurbished, and reused. With the technology currently available, several electric vehicle components have a limited lifespan, and the most important of them is… Continue reading World NM: Battery life expected to put Nissan ahead, says top executive001430
Wallbox Closes First Half 2021 With Over 300% YOY Revenue Growth, Propelled By Global Expansion, Strategic Alliances And Growing Tailwinds
First half 2021 revenues increased more than 300% versus first half 2020 and were 15% ahead of budgeted expectations. Launched Pulsar Plus, the company’s best-selling product globally, in the U.S. market in February, achieving #1 best seller on Amazon and “Amazon’s Choice” in the EV charging category and significant month over month sales growth. Entered… Continue reading Wallbox Closes First Half 2021 With Over 300% YOY Revenue Growth, Propelled By Global Expansion, Strategic Alliances And Growing Tailwinds
Stoneridge Reports Second-Quarter 2021 Results
NOVI, Mich., Aug. 4, 2021 /PRNewswire/ — 2021 Second-Quarter Results Earnings (loss) per diluted share (“EPS”) of $0.72 Includes the pre-tax gain of $30.7 million ($35.2 million of net cash proceeds), or $0.93 EPS, from the sale of the Company’s Canton, MA facility Adjusted EPS of ($0.14) Incremental supply chain related costs reduced adjusted… Continue reading Stoneridge Reports Second-Quarter 2021 Results
Otonomo to Present at J.P. Morgan Virtual 2021 Auto Conference
HERZLIYA, ISRAEL, Aug. 04, 2021 (GLOBE NEWSWIRE) — Otonomo Technologies Ltd. (Otonomo), an innovative platform and marketplace for vehicle data at the center of the tech revolution in the automotive and mobility space, today announced that Ben Volkow, Chief Executive Officer and Bonnie Moav, Chief Financial Officer, will present at the J.P. Morgan Virtual 2021… Continue reading Otonomo to Present at J.P. Morgan Virtual 2021 Auto Conference
Martinrea International Inc. to Announce Second Quarter Results on August 10, 2021
TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the second quarter ended June 30, 2021 on Tuesday, August 10, 2021 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern… Continue reading Martinrea International Inc. to Announce Second Quarter Results on August 10, 2021
Honda Embraces Long-Term Remote Work Opportunities for U.S. Associates
TORRANCE, Calif., Aug. 4, 2021 /PRNewswire/ — Honda will provide some of its U.S. associates more workplace flexibility by providing long term opportunities to work remotely. Under this new approach, eligible associates will be able to work from home or in satellite locations for all or part of their workweek. The decision marks a significant pivot… Continue reading Honda Embraces Long-Term Remote Work Opportunities for U.S. Associates
Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
The Fisker Ocean will make its global debut at the upcoming 2021 Los Angeles Auto Show, with production starting on November 17, 2022. The Fisker Ocean features extensive use of recycled materials, including a fully vegan interior, and will come with an optional photovoltaic solar roof. The Fisker Ocean will sit on custom-developed Bridgestone Potenza… Continue reading Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle
BorgWarner Furthers Growth in China with Two Dual Inverter Projects
AUBURN HILLS, Mich., Aug. 4, 2021 /PRNewswire/ — BorgWarner is making significant traction in the China mobility market, most recently with contracts to supply dual inverters for two premier Chinese OEMs. The dual inverters will be featured on both hybrid electric vehicles (HEV) and plug-in hybrid electric vehicle (PHEV) versions of the GWM LEMON platform, and… Continue reading BorgWarner Furthers Growth in China with Two Dual Inverter Projects
Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal 1st Quarter Ended June 30, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022
TOKYO, Aug. 4, 2021 /PRNewswire/ — Despite some unfavorable factors such as the semiconductor supply shortage and an increase in raw material costs, consolidated operating profit for the fiscal first quarter ended June 30, 2021 amounted to 243.2 billion yen, a year-on-year increase by 356.9 billion yen. This was due primarily to a positive effect… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal 1st Quarter Ended June 30, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022