The trade union of South Korean automaker Hyundai Motor said its members have accepted a pay deal and will not go on strike. Since its formation in 1987, the union has staged strikes every year up to 2008, except in 1994. Originally, the union had threatened to go on strike, requesting 30 percent of Hyundai’s… Continue reading World NM: Hyundai union votes to accept wage deal, won’t strike001413
Category: Newswire
Dana and Switch Mobility Partner on Electrified Commercial Vehicles
MAUMEE, Ohio, and LEEDS, U.K., July 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a global leader in drivetrain and e-propulsion systems, and Switch Mobility Ltd. (‘Switch Mobility’ or ‘the company’), the electrified commercial vehicles company and subsidiary of Ashok Leyland Ltd, a leading commercial-vehicle manufacturer, announced today the signing of a strategic agreement between… Continue reading Dana and Switch Mobility Partner on Electrified Commercial Vehicles
Visteon Announces Second-Quarter 2021 Results
Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results
World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410
Ford has been stockpiling vehicles for some time now, as the American automaker is no stranger to the global chip shortage. According to chief financial officer John Lawler, the Blue Oval still has 60,000 to 70,000 vehicles waiting for semiconductors. Once those parts are fitted, the vehicles will be ready for delivery. In early July,… Continue reading World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410
ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month
DALLAS, July 29, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a report from the CEO, Randell Torno, on the company’s electric motorcycle pilot launched earlier this month. The report is included in it’s entirety below: CEO Electric Motorcycle Pilot Report As this pilot report update is being published, I should be… Continue reading ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month
Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America
SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with Agia Solutions, a technology system integrator serving Peru, Argentina, Chile, and Uruguay. Headquartered in Peru, Agia Solutions was established in 2007 as a technology system integrator focusing… Continue reading Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America
Flex Reports First Quarter Fiscal 2022 Results
SAN JOSE, Calif., July 29, 2021 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced results for its first quarter ended July 2, 2021. First Quarter Fiscal Year 2022 Highlights: Net Sales: $6.3 billion GAAP Income Before Income Taxes: $233 million Adjusted Operating Income: $290 million GAAP Net Income: $206 million Adjusted Net Income: $230 million GAAP Earnings… Continue reading Flex Reports First Quarter Fiscal 2022 Results
World NM: JLR deepens localization efforts in China with new model001407
British premium carmaker Jaguar Land Rover has launched a long wheelbase Range Rover model in China, as part of its efforts to deepen localization in the world’s largest vehicle market. The Range Rover Evoque L, produced at Chery Jaguar Land Rover Automotive in East China’s Jiangsu province, has a wheelbase 160 mm longer than the… Continue reading World NM: JLR deepens localization efforts in China with new model001407
Volta Charging Announces New Station Installation In Morris Plains, New Jersey
Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta Charging builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift… Continue reading Volta Charging Announces New Station Installation In Morris Plains, New Jersey
Mitsubishi Motors to Launch the All-New Outlander PHEV Model with a New-Generation PHEV System This Fiscal Year
With improved motor output and increased battery capacity over the current model, the all-new Outlander PHEV model delivers more powerful road performance and greater driving range. Based on the newly developed platform, integrated components and an optimized layout allow the new model to accommodate seven passengers in three rows, offering a new level of comfort… Continue reading Mitsubishi Motors to Launch the All-New Outlander PHEV Model with a New-Generation PHEV System This Fiscal Year