Category: Newswire

World NM: Automotive industry sounds alarm over expansion of e-charging stations001723

Germany has fallen far behind its targets for expanding e-car infrastructure and will likely miss its 2030 e-mobility target. Germany, France and the Netherlands together account for 70% of the charging stations, even though the three countries have only a third of the EU’s population. Instead of 60 kilometres, the VDA calls for charging stations… Continue reading World NM: Automotive industry sounds alarm over expansion of e-charging stations001723

Haldex Year-End Report, January – December 2021

STOCKHOLM, Feb. 10, 2022 /PRNewswire/ — FOURTH QUARTER 2021 Sales increased to SEK 1,191m (989), corresponding to an organic growth of 19 percent. Adjusted operating income amounted to SEK 60m (66), equivalent to an adjusted operating margin of 5.0 percent (6.7). Reported operating income amounted to SEK 54m (44). Non-recurring expenses of net SEK 6m… Continue reading Haldex Year-End Report, January – December 2021

Volkswagen to electrify South by Southwest with North American debut of ID. Buzz

HERNDON, Va., Feb. 9, 2022 /PRNewswire/ — The Volkswagen ID. Buzz, an electric reimagining of the brand’s iconic Microbus, will make its first-ever public appearance at SXSW, from March 11-20, 2022. To celebrate the first outing of the electric vehicle (EV), Volkswagen will host various “Buzz Stops” throughout the city of Austin, Texas, where attendees of… Continue reading Volkswagen to electrify South by Southwest with North American debut of ID. Buzz

Dana Incorporated to Announce 2021 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 23

MAUMEE, Ohio, Feb. 9, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) will release its 2021 fourth-quarter and full-year financial results on Wednesday, Feb. 23, 2022.  A press release will be issued at approximately 7 a.m. EST, followed by a conference call and webcast at 9 a.m. EST.  Members of the company’s senior management team will… Continue reading Dana Incorporated to Announce 2021 Fourth-quarter and Full-year Financial Results, Host Conference Call and Webcast on February 23

Cummins to Acquire Engine Braking and Cylinder Deactivation Company to Advance Its Path to a Zero Emissions Future

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today announced the signing of an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The agreement brings the addition of new technologies to provide growth opportunities for Cummins’… Continue reading Cummins to Acquire Engine Braking and Cylinder Deactivation Company to Advance Its Path to a Zero Emissions Future

Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified propulsion solutions, is pleased to announce the delivery of the first Allison FracTranTM transmissions to multiple industry partners. Allison’s FracTran is an all-new Oil Field SeriesTM transmission designed from-the-ground-up to meet the unique demands of the hydraulic fracturing industry and represents an incremental… Continue reading Allison Transmission Delivers First Next-Generation Hydraulic Fracturing Transmissions to Multiple Industry Partners

Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Nine Months Ended December 31, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022

TOKYO, Feb. 9, 2022 /PRNewswire/ — Despite some unfavorable factors such as a decrease in automobile unit sales due to the supply shortage of certain parts including semiconductors and an increase in raw material cost, consolidated operating profit for the fiscal nine months amounted to 671.6 billion yen, a year-on-year increase by 224.6 billion yen,… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its Consolidated Financial Summary for the Fiscal Nine Months Ended December 31, 2021 and Forecasts for the Fiscal Year Ending March 31, 2022

AAM Invests in Autotech Ventures, Will Leverage Access to New Mobility Opportunities

DETROIT, Feb. 9, 2022 /PRNewswire/ — American Axle & Manufacturing is committing $15 million to Autotech Ventures in a partnership that will provide access to new opportunities that complement AAM’s mission to develop and produce the industry’s most efficient and powerful electric drivelines. Autotech Ventures is an early-stage Silicon Valley venture capital firm focused on tech… Continue reading AAM Invests in Autotech Ventures, Will Leverage Access to New Mobility Opportunities