(Updates with PayPal deal, detail on roadshow) By Joshua Franklin April 26 (Reuters) – Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors the ride-hailing company and insiders would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. Uber also said… Continue reading UPDATE 1-Uber sets terms for IPO, posts $1 bln Q1 loss
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Lear Reports First Quarter 2019 Results
SOUTHFIELD, Mich., April 26, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today reported results for the first quarter 2019. Highlights include: Sales of $5.2 billion, compared to $5.7 billion in the first quarter 2018 Net income of $229 million and adjusted net income of… Continue reading Lear Reports First Quarter 2019 Results
GM Adding 400 Jobs to Corvette Plant Girding for New Model
General Motors Co. is adding 400 workers, some of whom will transfer from plants that are at risk of shutting down, to its Chevrolet Corvette factory in Kentucky that’s preparing to produce the next-generation sports car.
Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck
INDIANAPOLIS–(BUSINESS WIRE)–Amidst the global pursuit of electrification in the commercial vehicle industry, Allison Transmission, a global leader in commercial-duty propulsion solutions, announced the development of highly efficient and powerful axles for electric vehicles. Allison’s AXE Series propulsion system will deliver viable, industry-changing electric solutions for the market. Launched at the 2019 Advanced Clean Technology (ACT)… Continue reading Allison Transmission is Providing Its e-axle Solution to Peterbilt for Evaluation on Powerful Electric Class 8 Truck
Allison Transmission, Alexander Dennis Collaborate on Electric Version of World’s Best Selling Double Decker Bus
INDIANAPOLIS–(BUSINESS WIRE)–At the Advanced Clean Technology Expo, two industry leaders announced a collaboration aimed at bolstering the electrification of transit buses. Allison Transmission, a global leader in commercial-duty propulsion solutions, and Alexander Dennis, one of the world’s leading bus and coach builders, are working together to develop efficient, powerful electric buses. A first step in… Continue reading Allison Transmission, Alexander Dennis Collaborate on Electric Version of World’s Best Selling Double Decker Bus
Dana Expands TM4® SUMO™ Electric Powertrain Offerings into Commercial-Vehicle, Light-Duty Platforms
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today the launch of its newest direct-drive electric powertrain, the TM4® SUMO™ LD. The motor-inverter combination is designed for Class 2 through Class 6 vehicles. The new offering extends the comprehensive TM4 SUMO lineup, which is powering more than 12,000 electrified vehicles today.… Continue reading Dana Expands TM4® SUMO™ Electric Powertrain Offerings into Commercial-Vehicle, Light-Duty Platforms
Dana Partners with Nordresa, Inc. to Integrate Spicer® Electrified™ e-Axle on Isuzu® N-Series Chassis
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it will partner with Nordresa to integrate its Spicer® Electrified™ eS9000r e-Axle on the Isuzu N-Series chassis for commercial fleet applications. This new collaboration is in addition to the companies’ existing joint efforts to offer commercially-available direct-drive systems, complete with TM4®… Continue reading Dana Partners with Nordresa, Inc. to Integrate Spicer® Electrified™ e-Axle on Isuzu® N-Series Chassis
Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis
LONG BEACH, Calif., April 25, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) and Motiv Power Systems today announced a collaboration to integrate Dana’s Spicer® Electrified™ eS9000r e-Axle on the Ford F-550 chassis for use in commercial fleet applications. By replacing the traditional mechanical driveline with an electric motor integrated directly into the vehicle’s differential housing, the e-Axle… Continue reading Dana and Motiv Power Systems Collaborate on Integration of All-Electric Spicer® Electrified™ e-Axle on Ford® Super Duty® F-550 Chassis
UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’
DETROIT (Reuters) – Ford Motor Co on Thursday posted a better-than-expected first quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year. FILE PHOTO: The Ford logo is seen at the North American International Auto… Continue reading UPDATE 4-Ford more confident of stronger 2019 despite ‘volatile environment’
Ford Motor Company Reports First Quarter 2019 Results
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Ford Motor Company Reports First Quarter 2019 Results