Tag: Tier 1 Suppliers

DRiV Incorporated to Spin From Tenneco Later This Year

LAKE FOREST, Ill.–(BUSINESS WIRE)–DRiV Incorporated is the name of the future publicly traded Aftermarket and Ride Performance company that will launch in the second half of this year, following Tenneco Inc.’s (NYSE: TEN) separation into two independent companies, Tenneco announced today. Once it spins, DRiV™ will serve as one of the largest global multi-line, multi-brand… Continue reading DRiV Incorporated to Spin From Tenneco Later This Year

BorgWarner Announces Three Year Net New Business Backlog of $2.0 Billion to $2.4 Billion

AUBURN HILLS, Mich., Feb. 14, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA), a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, today announced its three-year net new business backlog of $2.0 billion to $2.4 billion. Three-Year Net New Business BacklogThe company expects its net new business backlog to drive organic… Continue reading BorgWarner Announces Three Year Net New Business Backlog of $2.0 Billion to $2.4 Billion

Hyundai Mobis Introducing a Pollution-less Power Generation System Utilizing Hydrogen Vehicles!

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) sought to leverage hydrogen fuel cell modules, which were applied to hydrogen fuel cell electric vehicles, to introduce the hydrogen power generation system that supplies power to buildings. It is the first in the world to produce the core parts of hydrogen fuel cell electric vehicles in a dedicated… Continue reading Hyundai Mobis Introducing a Pollution-less Power Generation System Utilizing Hydrogen Vehicles!

Ford Motor Company Issues Three Recalls in North America

DEARBORN, Mich., Feb. 13, 2019 – Ford Motor Company is issuing two safety recalls and a safety compliance recall in North America. Details are as follows: Safety recall for select 2011-13 Ford F-150 vehicles with 6-speed automatic transmission shift issues Ford is issuing a safety recall on select 2011-13 Ford F-150 vehicles with 6-speed automatic… Continue reading Ford Motor Company Issues Three Recalls in North America

Edited Transcript of GT earnings conference call or presentation 8-Feb-19 2:00pm GMT

Q4 2018 Goodyear Tire & Rubber Co Earnings Call AKRON Feb 13, 2019 (Thomson StreetEvents) — Edited Transcript of Goodyear Tire & Rubber Co earnings conference call or presentation Friday, February 8, 2019 at 2:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Darren R. Wells The Goodyear Tire & Rubber Company –… Continue reading Edited Transcript of GT earnings conference call or presentation 8-Feb-19 2:00pm GMT

WiTricity Acquires Qualcomm Halo Wireless Charging Assets

WiTricity and Qualcomm join forces in wireless charging WiTricity announced the acquisition from Qualcomm of a certain technology platform and IP assets, concerning wireless charging systems, which will result in the unification of technology platforms to accelerate wireless charging of EVs. Qualcomm engaged in wireless charging around 2011 when it acquired British start-up HaloIPT. Then, the… Continue reading WiTricity Acquires Qualcomm Halo Wireless Charging Assets

Ford issues 3 recalls covering about 1.5 million Ford and Lincoln vehicles, citing accidents

Mike Fuentes | Bloomberg | Getty Images
Ford Motor Co.'s 2013 F-150 pickup truck sits on display at an event in Bruceville, Texas, U.S., on Monday, June 4, 2012.

Ford is issuing three recalls covering about 1.5 million Ford and Lincoln vehicles, citing an unintended downshift to first gear in certain F-150 pickups that's caused at least five accidents, among other safety concerns, the company said Wednesday.

“Depending on vehicle speed, a downshift to first gear without warning could result in a loss of vehicle control, increasing the risk of a crash,” Ford said in a statement announcing the recalls.

Ford is issuing a safety recall on select 2011 to 2013 Ford F-150 vehicles with six-speed automatic transmissions, 2017 to 2019 Lincoln Continental vehicles, and select 2019 Ford Mustang, Lincoln Nautilus and Lincoln Navigator vehicles.

Ford bets big on trucks, Fiat Chrysler issues weak 2019 guidance
6:44 PM ET Thu, 7 Feb 2019 | 02:18

The roughly 1.48 million F-150 trucks have a defect that can cause the truck to temporarily downshift into first gear. Ford is aware of five reports of accidents, including one report of “whiplash” potentially related to this condition.

About 27,000 Lincoln Continental vehicles may have a problem with silicon contamination in the door latch, which can prevent it from fully engaging. This means the door could open while driving. Ford is not aware of any accidents connected to this recall.

About 4,200 Ford Mustang, Lincoln Nautilus and Lincoln Navigator vehicles may have a defect that causes the instrument cluster to be blank while the video starts up. Ford is not aware of any of any accidents connected to this recall either.

Read Ford's full statement here.

WATCH: Ford will get worse in China before it gets better

Ford will get worse in China before it gets better, says CFRA analyst
5:34 PM ET Wed, 23 Jan 2019 | 02:59

Autonomous truck startup TuSimple hits unicorn status in latest round

Another autonomous-vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by Sina Corp. as the company prepares to scale up its commercial autonomous fleet to more than 50 trucks by June. The startup, which launched in… Continue reading Autonomous truck startup TuSimple hits unicorn status in latest round