2020 has been an extremely complex year due to the COVID-19 pandemic. Ducati, putting the safety of its employees first, immediately adopted all the necessary preventive measures (remote working and production stop of six weeks right at the peak of the season), reacting in a fast and flexible way to the changes imposed by the… Continue reading Ducati Records Best Third Quarter Ever Despite Complex Global Situation
Category: Newswire
FlashParking Announces Expansion of Mobility Ecosystem
AUSTIN, Texas, Oct. 30, 2020 /PRNewswire/ — FlashParking, the leader in mobility hub technology, announces today the expansion of their ecosystem with key mobility services that maximize parking asset utilization and enhance the consumer experience. By teaming with Bird, the pioneer in shared electric scooters, and EVBox, a global manufacturer of electric vehicle charging stations, FlashParking… Continue reading FlashParking Announces Expansion of Mobility Ecosystem
Lear Reports Third Quarter 2020 Results and Provides Full Year 2020 Outlook
SOUTHFIELD, Mich., Oct. 30, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2020 and provided its financial outlook for the full year 2020. Third Quarter 2020 Highlights Sales of $4.9 billion, compared to $4.8 billion in the third quarter of 2019… Continue reading Lear Reports Third Quarter 2020 Results and Provides Full Year 2020 Outlook
Volvo Group and Isuzu Motors sign final agreements to form strategic alliance
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
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