MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced it is raising its 2018 full-year guidance. Strengthening end-market demand, most notably in off-highway and commercial vehicle, combined with benefits from currency translation are driving an additional 4 percent increase in expected sales growth in 2018 compared with the company’s prior full-year target. Due… Continue reading Dana Incorporated Increases Guidance for Full Year 2018
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Press Releases – Brexit: EU auto makers call for urgent action to solve sector-specific issues
Brussels, 19 March 2018 – Just a few days ahead of the EU summit, where the 27 heads of state are set to approve the European Council’s Brexit guidelines, the European Automobile Manufacturers’ Association (ACEA) is calling on the negotiators to pay urgent attention to sector-specific issues in order to avert potentially disastrous implications on… Continue reading Press Releases – Brexit: EU auto makers call for urgent action to solve sector-specific issues
Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
MAUMEE, Ohio, March 19, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) has undertaken a series of productive meetings with U.K.-based shareholders of GKN PLC (LON: GKN). During those meetings, Dana outlined the compelling rationale for its proposed combination with GKN Driveline. Dana received direct feedback from GKN shareholders that they would like to hold stock in… Continue reading Dana Incorporated Confirms Plans for Secondary Listing of New Company on London Stock Exchange
It’s Your Time: New Ready.Shop.Go.™ Online Car-Shopping Puts Customers in Control, Reduces Wait at the Dealership
As patience wanes and more people spend time being productive online, Ford is meeting changing customer preferences by launching Ready.Shop.Go. This new online car-shopping experience allows customers to search inventory, view pricing and incentives, lock in a deal for 48 hours (subject to vehicle availability), apply for financing, estimate trade-in values and schedule a test… Continue reading It’s Your Time: New Ready.Shop.Go.™ Online Car-Shopping Puts Customers in Control, Reduces Wait at the Dealership
Faurecia invests in start-up working on energy recovery technology
Faurecia, invests in French start-up, Enogia in order to enhance its expertise in energy recovery technology. The start-up has developed and patented an hermetic, compact high-speed turbine that recovers heat and converts it into electricity. Founded in 2009 and based in Marseille, Enogia has a team of 30 individuals. Faurecia states the technology developed by the start-up… Continue reading Faurecia invests in start-up working on energy recovery technology
Siemens to invest £27m in new 3D-printing factory
Siemens UK is to make a £27 million investment in a new, state-of-the-art manufacturing facility for Worcester-based Materials Solutions Ltd, its additive manufacturing specialist. The new building, set to open in September 2018, will enable it to increase the company’s fleet of 3D printing machines from 15 to 50 over the next five years. The new… Continue reading Siemens to invest £27m in new 3D-printing factory
Volkswagen’s self-driving electric Sedric concept is heading to production
Volkswagen confirmed at its annual media conference that it’s going to bring one of its most eccentric concepts to production – the all-electric Sedric shuttle, which is more tiny pod bus than car, will eventually actually get made, after its design is refined by one of the Volkswagen Group’s portfolio brands through a further development… Continue reading Volkswagen’s self-driving electric Sedric concept is heading to production
Top Automotive Industry News for Week of March 12 – March 18, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week March 12, 2018 – March 18, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- The 2018 NADA AEA Member Reception is coming soon! The next… Continue reading Top Automotive Industry News for Week of March 12 – March 18, 2017
INTERVIEW – Sarah-Jayne Williams, Ford’s Director, Smart Mobility (Europe)
Opportunities ahead with Smart Mobility initiatives in Europe for Sarah-Jayne Williams In September of last year, Sarah-Jayne Williams joined Ford as its first director for ‘Smart Mobility’ in Europe. Her job is to focus on future mobility solutions for Europe and to define and implement Ford of Europe’s Smart Mobility strategy. Dave Leggett recently caught… Continue reading INTERVIEW – Sarah-Jayne Williams, Ford’s Director, Smart Mobility (Europe)
BMW Vets Raise A Stunning $1 Billion For Stealth EV Startup
EVelozcity EVelozcity founders are CEO Stefan Krause, left, design chief Richard Kim, center, and technology chief Ulrich Kranz. The BMW veterans plan to create a series of all-electric vehicles built off a common “skateboard” platform that are to hit the market by 2021. In the decade since Tesla survived the startup valley of death on its mission… Continue reading BMW Vets Raise A Stunning $1 Billion For Stealth EV Startup