Light vehicle production in North America and Europe, our most significant production markets, down 70% and 59%, respectively; global light vehicle production down 42%Estimated COVID-19 impacts of approximately $5.5 billion on sales, $1.2 billion on both income from operations before income taxes and Adjusted EBITSales of $4.3 billion decreased 58%, diluted (loss) earnings per share… Continue reading Magna Announces Second Quarter 2020 Results
Category: Suppliers
Adient reports third quarter 2020 financial results
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BORGWARNER REPORTS SECOND QUARTER 2020 NET CASH PROVIDED BY OPERATING ACTIVITIES OF $64 MILLION, AND $10 MILLION OF FREE CASH FLOW
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BorgWarner Enables High Performance, Eco-friendly Driving with Latest Integrated Drive Module for Ford Mustang Mach-E
Integrated Drive Module (iDM) to power various drive configurations Company’s state-of-the-art gearing incorporated into iDM Project fueled by BorgWarner’s extensive systems integration knowledge Auburn Hills, Michigan, August 5, 2020 – BorgWarner announced today it is building a power-packed Integrated Drive Module (iDM) for Ford’s new all-electric Mustang Mach-E SUV. The iDM comes complete with a… Continue reading BorgWarner Enables High Performance, Eco-friendly Driving with Latest Integrated Drive Module for Ford Mustang Mach-E
Nikola Sees Electric Truck Production Next Year; CEO Says Cybertruck ‘Looks Like A Doorstop’
Nikola Sees Electric Truck Production Next Year; CEO Says Cybertruck ‘Looks Like A Doorstop’ More Nikola reported results for the first time since its June stock market debut, missing on the bottom line and projecting the start of electric truck manufacturing next year. Go to Source
Allison Transmission Announces Second Quarter 2020 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today reported net sales for the second quarter of $377 million, a 49 percent decrease from the same period in 2019.… Continue reading Allison Transmission Announces Second Quarter 2020 Results
CATL Sets Up 21C Lab to Expand R&D on Novel Energy Technologies
Prof. Dr. John B. Goodenough sent his congratulations on the opening of the new laboratory NINGDE, China, June 25, 2020 /PRNewswire/ — Contemporary Amperex Technology Co. Limited (CATL) <300750.SZ>, a leading lithium-ion battery maker, breaks ground on a new innovation laboratory, 21C Lab, on Wednesday morning in its headquarters in Ningde, east China’s Fujian Province, marking… Continue reading CATL Sets Up 21C Lab to Expand R&D on Novel Energy Technologies
Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue
2020-08-04 | Herzogenaurach Revenue for 1st half of 2020 down 21.8 percent at constant currency due to coronavirus pandemic (prior year: 0.8 percent), second quarter shows gradual recovery, Greater China growth at 3 percent in 1st half of 2020 Operating earnings (EBIT before special items) positive at 65 million euros (prior year: 556 million euros),… Continue reading Schaeffler generates positive operating earnings in the 1st half of 2020 despite significant decline in revenue
Meritor Announces Improvements to MeritorPartsXpress.com
All Meritor offices will be closed July 4, 2018 in observation of the holiday.
Car subscriptions: now driving’s just like Airbnb
Don’t dare call Lynk & Co just another car brand, they’re set to transform driving from mere transport to experience. And they’re using data to do it. “We think of ourselves as a company that creates great experiences around mobility. That is our mission…we’re not a car brand… it’s about mobility and it’s about experience.”… Continue reading Car subscriptions: now driving’s just like Airbnb