ROCHESTER, N.Y. and RIYADH, Saudi Arabia, April 29, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group (“Modern Group”), a Saudi industrial conglomerate, today announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development… Continue reading Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
Category: Newswire
Nexteer Automotive Elevates Software Engineering Organization
AUBURN HILLS, Mich., April 29, 2021 /PRNewswire/ — As vehicles are fast becoming more software-enabled, cloud-connected devices, global OEMs’ needs are growing exponentially in software-enabled steering features and other software-centric motion control applications. Consequently, Nexteer Automotive is elevating its global Software Engineering organization to meet the ever-expanding software needs of its global OEM customer base. Software… Continue reading Nexteer Automotive Elevates Software Engineering Organization
Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
GOTHENBURG, Sweden and STUTTGART, Germany, April 29, 2021 /PRNewswire/ — Today, two leaders of the commercial vehicle industry – Daimler Truck AG and Volvo Group – officially outlined their pioneering roadmap for the new fuel-cell joint venture cellcentric, as part of an industry-first commitment to accelerate the use of hydrogen-based fuel cells for long-haul trucks and beyond. With… Continue reading Volvo Group and Daimler Truck AG fully committed to hydrogen-based fuel-cells – launch of new joint venture cellcentric
All-New 11th Generation Civic Sedan Fully Revealed in Production Form with Sporty Design, Advanced Technology, Cutting-Edge Safety Features
As Honda’s longest-running automotive nameplate, Americans have purchased more than 12 million Civics since 1973, making it one of the top three best-selling passenger cars in America over the past 48 years. With sales of more than 1.7 million units over the last five years, Civic has been the No. 1 model in America –… Continue reading All-New 11th Generation Civic Sedan Fully Revealed in Production Form with Sporty Design, Advanced Technology, Cutting-Edge Safety Features
Allison Transmission Announces First Quarter 2021 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified propulsion systems, today reported net sales for the first quarter of $588 million, a 10 percent increase from… Continue reading Allison Transmission Announces First Quarter 2021 Results
Stoneridge Reports First-Quarter 2021 Results
NOVI, Mich., April 28, 2021 /PRNewswire/ — 2021 First-Quarter Results Earnings per diluted share (“EPS”) of $0.00 Adjusted EPS of $0.06 Sales of $193.8 million Adjusted sales of $192.8 Gross profit of $46.1 million Adjusted gross profit of $46.7 million (24.2% of sales) Operating income of $2.1 million Adjusted operating income of $3.6 million (1.8%… Continue reading Stoneridge Reports First-Quarter 2021 Results
GRAMMER AG continues positive business trend in first quarter of 2021
Ursensollen, April 28, 2021 – GRAMMER Group revenue came to EUR 503.7 million in the first quarter of 2021 (Q1 2020: EUR 454.9 million), representing an increase of 10.7% year-on-year. The marked recovery in business performance from the second half of 2020 continued in the first quarter of 2021, whereas the first quarter of 2020… Continue reading GRAMMER AG continues positive business trend in first quarter of 2021
ATLIS Motor Vehicles Files For Five New Patents To Bring Battery, Electric Work Truck, And Charging Ecosystem To Market
MESA, Ariz., April 28, 2021 /PRNewswire/ — ATLIS Motor Vehicles (AMV), a start-up mobility technology company developing an electric work truck, and the batteries and motors to drive it, has filed five new provisional patents for protection of key technology related to its proprietary EV charging technology and XT pickup truck. The new patent applications cover… Continue reading ATLIS Motor Vehicles Files For Five New Patents To Bring Battery, Electric Work Truck, And Charging Ecosystem To Market
IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach
IRP Systems provides TrueDrive™, a revolutionary electric powertrain that enables high performance and efficiency while reducing the weight, size and overall cost of the powertrain in electric vehicles of all sizes. Using the company’s cutting-edge electric motors and controllers, electric vehicle manufacturers can eliminate the industry’s tradeoff between cost and performance. “The automotive industry is… Continue reading IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach
Johnson Matthey partners with Stena Recycling Group on sustainable, circular solution for lithium ion battery recycling
LONDON, April 28, 2021 /PRNewswire/ — Johnson Matthey, a global leader in sustainable technologies, has concluded a Memorandum of Understanding with Stena Recycling Group, a leading recycler of industrial waste and end of life products, to develop an efficient value chain in Europe for recycling of lithium ion batteries and cell manufacturing materials. Sales of… Continue reading Johnson Matthey partners with Stena Recycling Group on sustainable, circular solution for lithium ion battery recycling