INDIANAPOLIS–(BUSINESS WIRE)–The U.S. Army selected Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and military vehicles, to undertake an engineering program that builds upon previous analysis and evaluates the X1100-3B1 transmission and final drive changes necessary to expand the Abrams’ performance edge in speed, cruising range and durability.… Continue reading Allison Transmission Awarded $3.6 Million Engineering Contract to Maintain Superior Performance of the Abrams Powertrain
Category: Newswire
Veoneer: Financial Report October – December 2020
STOCKHOLM, Feb. 3, 2021 /PRNewswire/ — Financial Summary – Q4’20 Financial performance better than expectations Net Sales $455 million, Organic Sales1 increase 17% Active Safety Net Sales increase 38%, Organic Sales increase 31% Operating cash flow $(77) million, $27 million improvement YoY Cash balance $758 million Outlook – FY’21 Organic Sales1 growth YoY is expected to… Continue reading Veoneer: Financial Report October – December 2020
Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business
SEOUL, South Korea, Feb. 3, 2021 /PRNewswire/ — On February 3rd, Mando, a leading company in automotive parts, has signed a share purchase agreement (SPA) to acquire 100% of the equity in MHE, a joint venture between Halla Holdings of Korea and HELLA. MHE, founded in 2008, is a joint venture between Halla Holdings, the… Continue reading Mando agrees to acquire Mando Hella Electronics (MHE) and expects synergy in the autonomous driving business
Volvo Group – the fourth quarter and full year 2020
GÖTEBORG, Sweden, Feb. 3, 2021 /PRNewswire/ — “In 2020, the global pandemic presented us with challenges that are unprecedented in modern times. Together with business partners and suppliers, we supported our customers through all stages of the crisis. We handled dramatic fluctuations in demand while taking decisive steps forward towards tomorrow’s fossil-free transport system. We… Continue reading Volvo Group – the fourth quarter and full year 2020
SKF Year-end report 2020
GOTHENBURG, Sweden, Feb. 2, 2021 /PRNewswire/ — Alrik Danielson, President and CEO: “I would like to thank everyone in SKF for contributing to making 2020 the year in which we delivered on our strategy in earnest, a fact which is reflected in yet another very strong set of results, not least during the fourth quarter.… Continue reading SKF Year-end report 2020
World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815
The main creditor of SsangYong Motor Co. said Tuesday it has yet to decide on the cash-strapped automaker’s push for a speedier bankruptcy procedure as SsangYong failed to receive approval from its potential buyer. The pre-packaged plan is a combination of workout and court protection under which a restructuring plan is agreed upon prior to… Continue reading World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815
World NM: Ford cars will run on Google’s Android starting in 2023000814
Ford and Google have announced a six-year strategic partnership under which vehicles from the brand, including Lincoln models, will run Android starting 2023. The new partnership will give millions of Ford cars access to Google’s suite of services like Google Maps and Google Assistant. The partnership will also mean Ford will employ Google Cloud as… Continue reading World NM: Ford cars will run on Google’s Android starting in 2023000814
Doosan Bobcat Signs Multi-Year Agreement with Synchrony
“We partnered with Synchrony for its financial expertise and quality customer experience. Our dealers can count on Synchrony to provide their customers with access to excellent, simplified consumer financing options and service,” said George Macia, president of Doosan Bobcat Financial Services. “Synchrony’s solutions align with our commitment to providing Bobcat dealers with flexible financing and… Continue reading Doosan Bobcat Signs Multi-Year Agreement with Synchrony
Zero Electric Vehicles, Inc. (ZEV) Adds Three Critical Executives to Leadership Team
ZEV Brings On Key Leadership Roles in Automotive Software Engineering & Cloud Services, EV Battery and Fuel-Cell Science Tweet this Jonas has more than 20 years’ experience building and delivering successful products and services around new and emerging technologies, from telematics systems to holographic beam-forming satellite antennas. His M&A work in technical due diligence resulted… Continue reading Zero Electric Vehicles, Inc. (ZEV) Adds Three Critical Executives to Leadership Team
Vayyar’s industry-first in-cabin safety solution delivers multifunctionality on a single-chip platform, meeting numerous Euro NCAP standards
As part of the global effort to improve in-car safety, Euro NCAP is introducing stricter scoring criteria across all protocols, starting in 2023. Child Presence Detection (CPD) will be worth up to four points, while the existing requirement for front and rear Seat Belt Reminders (SBR) will become a precondition for achieving three additional Occupant… Continue reading Vayyar’s industry-first in-cabin safety solution delivers multifunctionality on a single-chip platform, meeting numerous Euro NCAP standards