FORT LAUDERDALE, Fla., Feb. 17, 2022 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), America’s largest and most recognized automotive retailer, today reported its seventh consecutive record quarterly EPS. Fourth quarter 2021 revenue was $6.6 billion, an increase of 14%, driven by used vehicle revenue which increased 55%, more than offsetting the decline in new vehicle revenue of… Continue reading AutoNation Reports All-Time Record Quarterly and Full Year EPS
Category: Newswire
Allison Transmission Announces Fourth Quarter and Full Year 2021 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, today reported a 20 percent increase in net sales from the same period in 2020, and a 14 percent… Continue reading Allison Transmission Announces Fourth Quarter and Full Year 2021 Results
ATLAS REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS
Fourth quarter 2021 financial performance compared to fourth quarter 2020: Revenue growth of 18.1% to $428.2 million Net earnings of $142.3 million and Diluted EPS of $0.48 Adjusted EBITDA(1) growth of 18.8% to $283.5 million Adjusted diluted EPS(1) growth of 44.8% to $0.42 FFO per diluted share(1) growth of 14.3% to $0.72 Robust balance sheet… Continue reading ATLAS REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS
Jaguar Land Rover Announces Partnership With NVIDIA
As part of Jaguar Land Rover’s Reimagine strategy, partnership will transform the modern luxury experience for customers starting in 2025 Software experts from both companies will jointly develop AI-powered autonomous driving and connected services for all future vehicles built on NVIDIA DRIVE Next-generation safety and unique, brand-focused digital services enabled by NVIDIA AI GAYDON, United… Continue reading Jaguar Land Rover Announces Partnership With NVIDIA
Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner
Next step by Grammer towards strategic growth Strong partnership for Europe-wide business in seats and spare parts Grammer offroad and truck products now also available through the Fricke Group’s Europe-wide logistics network Grammer AG, February 16, 2022 – Digital access, reliable deliveries and comprehensive service are key factors for success in the aftermarket. They also… Continue reading Grammer expanding aftermarket presence in Europe: Fricke Group to be an authorized Grammer sales partner
Volvo Trucks leads the electric truck market in Europe
GOTHENBURG, Sweden, Feb. 16, 2022 /PRNewswire/ — New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe 2021 with a market share of 42%. In 2021 the company took orders, including letters of intent to buy, for more than 1,100 electric trucks worldwide. The international trucking industry is undergoing… Continue reading Volvo Trucks leads the electric truck market in Europe
AGS Successfully Completes Debt Refinancing
Key Transaction Highlights Lowers total principal amount of debt outstanding by approximately $40 million Reduces annualized cash interest expense by approximately $10 million Expands Revolving Credit Facility capacity to $40 million Extends key debt maturities LAS VEGAS, Feb. 15, 2022 /PRNewswire/ — PlayAGS, Incorporated (NYSE: AGS) (“AGS” or the “Company”) today announced it has successfully completed the… Continue reading AGS Successfully Completes Debt Refinancing
DENSO to Take Minority Stake in JASM
KARIYA, Japan, Feb. 15, 2022 /PRNewswire/ — TSMC (TWSE: 2330,NYSE: TSM), Sony Semiconductor Solutions Corporation (“SSS”) and DENSO Corporation (“DENSO”) today announced that DENSO will take a minority stake in Japan Advanced Semiconductor Manufacturing, Inc. (“JASM”), TSMC’s majority-owned manufacturing subsidiary in Kumamoto Prefecture, Japan with a US$0.35 billion investment. With this equity investment, DENSO will… Continue reading DENSO to Take Minority Stake in JASM
Volvo Group pledges to “Drive to Zero” program
PASADENA, Calif., Feb. 15, 2022 /PRNewswire/ — CALSTART‘s Global Commercial Vehicle Drive to Zero program and campaign (Drive to Zero™) welcomes the Volvo Group, one of the world’s largest manufacturers of heavy-duty trucks, buses, construction equipment and engines, as its newest pledge partner. By signing the Drive to Zero pledge, the Volvo Group joins Drive to… Continue reading Volvo Group pledges to “Drive to Zero” program
Daimler Truck adopts Siemens’ Xcelerator to shape the future of CO2-neutral transport
Daimler Truck plans to use Simcenter STAR-CCM+ to improve aerodynamic performance, as well as explore and optimize innovative e-mobility propulsion and energy management systems including battery cooling and hydrogen technology. The software will also help support legacy combustion engine and exhaust system design and associated CO2 reduction. In addition to software, Siemens and Daimler Truck… Continue reading Daimler Truck adopts Siemens’ Xcelerator to shape the future of CO2-neutral transport