MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase of $1.56 Adjusted EBITDA of $795 million; margin of 8.9 percent of sales Diluted adjusted EPS of $1.66,… Continue reading 06:59 ETDana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022Full-year Results Sales of $8.9 billion, an increase of $1.8 billion…
Category: Suppliers
Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces
Editor’s note: This post is a part of our Meet the Omnivore series, which features individual creators and developers who use NVIDIA Omniverse to accelerate their 3D workflows and create virtual worlds. Within the Mogao Caves, a cultural crossroads along what was the Silk Road in northwestern China, lies a natural reserve of tens of… Continue reading Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces
Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Company Announces Strong Three-year Sales Backlog of $800 Million, Half from Electrified-vehicle Programs MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase… Continue reading Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
EV batteries: just swap them
One of the very few drawbacks of electric vehicles is the charge time. But what if we could swap batteries rather than plug them in? Swapping electric vehicle (EV) batteries isn’t new, Tesla came up with the concept in 2013, but back then individual EV owners didn’t take to the idea. Solving long-haul “range anxiety”… Continue reading EV batteries: just swap them
More chips: Bosch to invest on extending semiconductor production in Reutlingen
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading More chips: Bosch to invest on extending semiconductor production in Reutlingen
Cummins to Acquire Meritor
COLUMBUS, Ind. & TROY, Mich.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) today announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins… Continue reading Cummins to Acquire Meritor
07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…
MAUMEE, Ohio, Feb. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its innovative technologies are featured on the 2022 Ford Maverick™ and Ford® Bronco®, the North American Truck and SUV of the Year, respectively. “Dana has been working with Ford since it provided driveline technologies for the revolutionary Model T, and we… Continue reading 07:00 ETDana Technology Featured on 2022 North American Truck and SUV of the YearDana Incorporated (NYSE: DAN) announced today that its innovative tec…
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
French auto supplier Faurecia sees higher sales in 2022
(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),… Continue reading French auto supplier Faurecia sees higher sales in 2022
full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
FAURECIA Nanterre (France), February 21, 2022 FULL-YEAR 2021 RESULTS A FOUNDATIONAL YEAR FOR FAURECIA RESILIENT PERFORMANCE DESPITE HEADWINDS, WITH SOLID ORDER INTAKE FORVIA ON TRACK TO DELIVER ON AMBITIONS 2021: A FOUNDATIONAL YEAR FOR FAURECIA 2021 RESULTS: RESILIENT PERFORMANCE DESPITE HEADWINDS, NOTABLY SEMICONDUCTOR SHORTAGE, WITH SOLID ORDER INTAKE AMOUNTING TO CUMULATIVE €75 BILLION FOR 2019-2021… Continue reading full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions