Category: Suppliers

BorgWarner and Delphi Technologies Enter Into Amendment to Transaction Agreement

Resolve Alleged Breach Dispute Remain on Track to Close in Second Half of 2020 AUBURN HILLS, Mich. and LONDON, May 6, 2020 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and Delphi Technologies PLC (NYSE: DLPH) today announced that the companies have amended certain terms of the definitive transaction agreement they originally entered into on January 28,… Continue reading BorgWarner and Delphi Technologies Enter Into Amendment to Transaction Agreement

NIO Inc. Provides April 2020 Delivery Update

Delivered 3,155 vehicles in April 2020 Delivered 6,993 vehicles in 2020 in total Cumulative deliveries of ES8 and ES6 reached 38,906 SHANGHAI, China, May 06, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today provided its April 2020 delivery results. NIO delivered 3,155… Continue reading NIO Inc. Provides April 2020 Delivery Update

Riding a Cloud: NVIDIA Acquires Network-Software Trailblazer Cumulus

Cloud data centers are evolving to an architecture that is accelerated, disaggregated and software-defined to meet the exponential growth in AI and high performance computing. To build these modern data centers, HPC and networking hardware and software must go hand in hand. NVIDIA provides the leading accelerated computing platform. Mellanox is the high-performance networking leader,… Continue reading Riding a Cloud: NVIDIA Acquires Network-Software Trailblazer Cumulus

Intel: Intel Acquires Moovit to Accelerate Mobileye’s Mobility-as-a-Service Offering

SANTA CLARA, Calif., May 4, 2020 – Intel Corporation today announced it has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain). Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation,… Continue reading Intel: Intel Acquires Moovit to Accelerate Mobileye’s Mobility-as-a-Service Offering

Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest

Winner of the “Brand Design” and “Digital” categories New, modern image covers all channels and is without parallel in the industry Regensburg, May 4, 2020. In the prestigious Automotive Brand Contest 2020 design competition, Vitesco Technologies has scooped not one award for its all-new brand identity but two: The company was named a winner in… Continue reading Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest

Continental AG Has Decided Not to Present Vitesco Technologies Spin-off at Annual Shareholders’ Meeting

The Executive Board of Continental AG has decided that due to the current market environment, the planned Spin-off of Vitesco Technologies (currently the business area Powertrain) will not be presented for a vote at the upcoming 2020 Annual Shareholders’ Meeting and thus will not take place in this year. The Spin-off will nevertheless continue to… Continue reading Continental AG Has Decided Not to Present Vitesco Technologies Spin-off at Annual Shareholders’ Meeting

Cummins Increases Revolver Capacity by $2 Billion

COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today entered into an agreement providing for an additional $2 billion revolving credit facility that terminates on April 30, 2021. “The company ended the first quarter with cash, cash equivalents and marketable securities of $2 billion and committed borrowing capacity of $1.9 billion,” said Chief Financial Officer Mark Smith.… Continue reading Cummins Increases Revolver Capacity by $2 Billion