Clear focus on overall profitability Despite headwinds: Daimler Truck achieved financial targets for 2021 Significant increase in unit sales, revenue and net profit due to recovery in most important markets and progress in cost reduction measures Supply constraints slowed further growth in 2nd half of 2021 Strong demand environment: Incoming orders on a high level,… Continue reading Daimler Truck significantly increases sales, revenue and net profit in 2021, on track to achieve financial ambitions
Category: Newswire
ADVANCED BATTERY CONCEPTS’ ENERGY STORAGE SYSTEMS FOR KILOWS, INC ULTRAFAST ELECTRIC VEHICLE CHARGING LOCATIONS AGREEMENT ANNOUNCED TODAY
CLARE, Mich., March 23, 2022 /PRNewswire/ — Advanced Battery Concepts, LLC and Kilows, Inc. announced they have signed a Memorandum of Understanding whereby ABC will initially supply up to 20,000 of its proprietary GreenSeal® storage batteries to Kilows for its ultrafast Electric Vehicle (EV) charging plugs at up to 5,000 planned locations. Demand is growing rapidly… Continue reading ADVANCED BATTERY CONCEPTS’ ENERGY STORAGE SYSTEMS FOR KILOWS, INC ULTRAFAST ELECTRIC VEHICLE CHARGING LOCATIONS AGREEMENT ANNOUNCED TODAY
Navistar Celebrates Grand Opening of its Benchmark San Antonio Manufacturing Plant
“The choices we make today will take Navistar to a new level of impact in the transportation industry. That’s why we are laying the foundation for the future in this plant, because the future begins with the decisions and investments we make today,” said Mark Hernandez, executive vice president, Global Manufacturing and Supply Chain. “The… Continue reading Navistar Celebrates Grand Opening of its Benchmark San Antonio Manufacturing Plant
Alcantara Offers Customized Upholstery for Two Lamborghini Models
MILAN, March 23, 2022 /PRNewswire/ — The highly customized interiors of Lamborghini’s Aventador Ultimae and Huracàn STO were showcased at a recent VIP reception hosted by Alcantara at Milan’s Spazio Manin. The limited edition Aventador Ultimae features laser-treated Alcantara® with the Y pattern shown here. Alcantara dresses the seating, dashboards and doors of both cars. “We… Continue reading Alcantara Offers Customized Upholstery for Two Lamborghini Models
Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada
Stellantis N.V. and LG Energy Solution (LGES) today announced they have executed binding, definitive agreements to establish the first large-scale, domestic, electric-vehicle battery manufacturing facility in Canada. The joint venture company will produce leading edge lithium-ion battery cells and modules to meet a significant portion of Stellantis’ vehicle production requirements in North America. The joint… Continue reading Stellantis and LG Energy Solution to Invest Over $5 Billion CAD in Joint Venture for First Large-scale Lithium-ion Battery Production Plant in Canada
Bridgestone Recognized with General Motors’ 30th Annual Supplier of the Year Award
“Strong partnerships are critical to the success of our business, and we are proud to be recognized by our longtime partner GM,” said David Colletti, president, consumer original equipment tires, North America, Bridgestone Americas Tire Operations. “This award pays tribute to our teammates for their hard work and dedication to provide the best products and… Continue reading Bridgestone Recognized with General Motors’ 30th Annual Supplier of the Year Award
Hyzon Motors Inc. reports full year and fourth quarter 2021 results, delivers fuel cell vehicles, playing a pivotal role in the transition to hydrogen
“2021 was a transformative year for Hyzon. We successfully completed our business combination in July and worked steadfastly to position Hyzon to be a key player in the energy transition, as the world increasingly turns to hydrogen to address climate and energy challenges. In spite of widely recognized disruptions throughout the global supply chain, we… Continue reading Hyzon Motors Inc. reports full year and fourth quarter 2021 results, delivers fuel cell vehicles, playing a pivotal role in the transition to hydrogen
Dana Earns PACCAR Performance, Quality Awards
MAUMEE, Ohio, March 23, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has been recognized by PACCAR, Inc., as a recipient of its 2021 North American Supplier Performance Management (SPM) Achiever Award and its 2021 10 parts per million (PPM) Quality Award at four manufacturing facilities. The PACCAR SPM Award evaluates suppliers… Continue reading Dana Earns PACCAR Performance, Quality Awards
General Motors Names Henniges Automotive a 2021 Supplier of the Year
AUBURN HILLS, Mich., March 22, 2022 /PRNewswire/ — General Motors recognized Henniges Automotive as a 2021 Supplier of the Year. GM celebrated honorees at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, last week. GM’s Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM’s requirements, in turn… Continue reading General Motors Names Henniges Automotive a 2021 Supplier of the Year
Ferrari Signs Memorandum of Understanding With Mise, Invitalia and the Emilia-Romagna Region.
Maranello22 March 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today signed a Memorandum of Understanding (Protocollo di Intesa) with the Italian Ministry of Economic Development (MISE), Invitalia (the National Agency for Inward Investment and Economic Development S.p.A.) and the Emilia-Romagna Region. According to the Memorandum of Understanding, the Institutions involved will support… Continue reading Ferrari Signs Memorandum of Understanding With Mise, Invitalia and the Emilia-Romagna Region.