MAUMEE, Ohio, Oct. 26, 2021 /PRNewswire/ — Key Highlights Sales of $2.2 billion Net income attributable to Dana of $48 million Diluted EPS of $0.33 Adjusted EBITDA of $210 million Diluted adjusted EPS of $0.41 Hosted Capital Markets Day focused on electrification technology Announced over a dozen significant new EV program wins Dana Incorporated (NYSE:… Continue reading Oct 26, 2021, 06:59 ETDana Incorporated Reports 2021 Third-quarter Financial ResultsKey Highlights Sales of $2.2 billion Net income attributable to Da…
Category: Suppliers
Oct 25, 2021, 16:30 ETDana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing CompanyDa…
MAUMEE, Ohio, Oct. 25, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today a mutual agreement with Modine Manufacturing Company (NYSE: MOD) to terminate Dana’s agreement to acquire a portion of Modine’s automotive thermal-management business for one dollar with the assumption of certain financial liabilities. Both companies had been actively engaged in the regulatory review process… Continue reading Oct 25, 2021, 16:30 ETDana Announces Termination of Agreement to Acquire Portion of Light-Vehicle Thermal Business from Modine Manufacturing CompanyDa…
Bosch to invest more than 400 million euros in its semiconductor fabs in 2022
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 42.1 billion euros in 2020, and thus contributed 59 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 safe, sustainable, and exciting,… Continue reading Bosch to invest more than 400 million euros in its semiconductor fabs in 2022
Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
(Bloomberg) — Chinese car and battery maker BYD Co. is seeking to raise up to $1.8 billion in a share placement, according to terms obtained by Bloomberg. Most Read from Bloomberg The Shenzhen-based company is looking to sell 50 million H-shares at HK$273.5 to HK$279.5 each, which represents an up to 7.8% discount to its… Continue reading Chinese Carmaker BYD Seeks Up to $1.8 Billion in Share Placement
Lear Increases and Extends Its Revolving Credit Facility
SOUTHFIELD, Mich., Oct. 29, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into an agreement to refinance its existing credit facility. The amended and restated credit agreement extends the maturity of its revolving credit facility to October 2026 from August 2024… Continue reading Lear Increases and Extends Its Revolving Credit Facility
LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content
October 29, 2021 LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content Open share list Share this content. Prime Video Customers With LG TVs Can Automatically Experience Movies and Series as Filmmakers and Directors Intended SEOUL, Oct. 29, 2021 — Starting this week, LG begins rolling out a feature… Continue reading LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content
Spicer Electrified™ e-Powertrain from Dana Earns Two Technology Awards at 2021 Diesel Progress Summit
MAUMEE, Ohio, Oct. 28, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has earned the New Power Technology Award and the Achievement of the Year Award for its Spicer Electrified™ e-Powertrain at the 2021 Diesel Progress Summit and Awards, held this week. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) The awards recognize Dana’s ability… Continue reading Spicer Electrified™ e-Powertrain from Dana Earns Two Technology Awards at 2021 Diesel Progress Summit
Quanergy Releases Advanced 3D Perception Software Capabilities for Smart City and Security
SUNNYVALE, Calif.–(BUSINESS WIRE)– #3d–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced the release of QORTEX DTC 2.2, the latest version of its 3D perception software, designed for advanced smart city and security applications. In June, Quanergy entered into a definitive merger… Continue reading Quanergy Releases Advanced 3D Perception Software Capabilities for Smart City and Security
LG Announces Third-Quarter 2021 Financial Results
October 28, 2021 LG Announces Third-Quarter 2021 Financial Results Open share list Share this content. Highest Quarterly Revenues in Company History ReflectStrong Demand for Premium LG Home Appliances and TVs SEOUL, Oct. 28, 2021 — LG Electronics Inc. (LG) today announced third-quarter 2021 consolidated revenues of KRW 18.79 trillion (USD 16.23 billion), an increase of 22… Continue reading LG Announces Third-Quarter 2021 Financial Results
Sale of majority of Modine’s automotive business to Dana Inc. terminated
Reuters Phillips 66 to buy remaining stake in partnership for $3.4 billion (Reuters) -Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure. Phillips 66 Partners was formed by the refiner… Continue reading Sale of majority of Modine’s automotive business to Dana Inc. terminated