Category: Newswire

AAM Reports Fourth Quarter and Full Year 2019 Financial Results

DETROIT, Feb. 14, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2019. AAM also provided its full year 2020 financial outlook and 2020-2022 new business backlog. Fourth Quarter 2019 Results Sales of $1.43 billion Net loss attributable to AAM of… Continue reading AAM Reports Fourth Quarter and Full Year 2019 Financial Results

Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook

LONDON, Feb. 13, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its fourth quarter and full year 2019. Q4 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash Flow From Operations GAAP $1.1 B $(15) M (1.4)% $(0.46) $142 M… Continue reading Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook

MOTIV single-seat autonomous ‘car’ is the ultimate in personal transporation

It’s an electric, single-seat vehicle designed with autonomous driving in mind.The MOTIV is just over eight feet long and four feet wide, features a gull-wing door and was engineered to meet European passenger car crash test standards.The MOTIV was built with support from a U.K. program aimed at developing electric vehicles and there are currently no firm plans to put it into production.

Lesjöfors’ new CEO: “We see both challenges and opportunities in 2020”

Tue, Feb 11, 2020 07:30 CET Lesjöfors’ market was heavily affected by external factors last year. An overall downturn in the automotive aftermarket, uncertainty with Brexit and the trade conflict between America and China was some of them. To be prepared for the future, Lesjöfors has made major investments in existing operations and acquired highly… Continue reading Lesjöfors’ new CEO: “We see both challenges and opportunities in 2020”

Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project

BEIJING, Feb. 11, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, announced today that Ford Motor Corporation (NYSE: F) has selected Luokung’s subsidiary eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) as the only provider… Continue reading Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project

The Nikola Badger electric pickup revealed as Tesla Cybertruck competitor

Apparently, there’s always room for one more when it comes to electric pickups.Startup automaker Nikola has unveiled plans to offer an electric full-size pickup it is designing in collaboration with a major automaker that will produce it for the Phoenix-based brand.The Badger will compete for customers with upcoming models from Tesla, GMC, Ford and Rivian when the order book opens later this year.

Daimler reports full-year 2019 results

STUTTGART, Germany, Feb. 11, 2020 /PRNewswire/ — Group unit sales of 3.34 million vehicles (2018: 3.35 million) Revenue up 3% to €172.7 billion (2018: €167.4 billion) Group EBIT of €4.3 billion (2018: €11.1 billion) Adjusted Group EBIT of €10.3 billion Net profit of €2.7 billion (2018: €7.6 billion) Free cash flow industrial business of €1.4… Continue reading Daimler reports full-year 2019 results