Tag: Tier 1 Suppliers

Japan’s Nidec set to focus on electric vehicle powertrains to treble sales

Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters. The world’s leading maker of precision motors which supplies parts for Apple’s iPhones is expected to detail its plans as soon as Tuesday when it will… Continue reading Japan’s Nidec set to focus on electric vehicle powertrains to treble sales

Edited Transcript of ALV earnings conference call or presentation 28-Jan-20 1:00pm GMT

Q4 2019 Autoliv Inc Earnings Call Stockholm Feb 1, 2020 (Thomson StreetEvents) — Edited Transcript of Autoliv Inc earnings conference call or presentation Tuesday, January 28, 2020 at 1:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Trapp Autoliv, Inc. – VP of IR * Christian Hanke Autoliv, Inc. – Interim CFO,… Continue reading Edited Transcript of ALV earnings conference call or presentation 28-Jan-20 1:00pm GMT

Dodge Expands Factory-custom Options With 2020 Durango SRT Black and Redline Stripe

Dodge//SRT is giving the 2020 Durango SRT, the fastest, most powerful and most capable American three-row SUV, an even more aggressive look with two new custom appearance options straight from the factory – the Durango SRT Black and the Redline stripe. “The numbers tell the story. As Dodge performance enthusiasts move through the Durango lineup… Continue reading Dodge Expands Factory-custom Options With 2020 Durango SRT Black and Redline Stripe

Bendix, Part of Knorr-Bremse Group, to Acquire R.H. Sheppard from WABCO

BERN, Switzerland, Jan. 30, 2020 (GLOBE NEWSWIRE) — WABCO Holdings Inc. (“WABCO”) (NYSE: WBC) (www.wabco-auto.com), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today announced it has entered into a definitive agreement to sell R.H. Sheppard Co., Inc. (“Sheppard”) to Bendix Commercial Vehicle Systems LLC… Continue reading Bendix, Part of Knorr-Bremse Group, to Acquire R.H. Sheppard from WABCO

Mammoth Biosciences Raises $45M in Series B Funding Round

Mammoth Biosciences, a South San Francisco, CA-based developer of a CRISPR-based disease detection platform, raised $45m in Series B funding. The round was led by Decheng Capital with participation from Mayfield, NFX, Verily, Brook Byers, Plum Alley, Pacific 8, aMoon, and others. The company will use the funds to accelerate development of CRISPR diagnostics and… Continue reading Mammoth Biosciences Raises $45M in Series B Funding Round

UPDATE 1-Aptiv CEO sees growth as auto production falls, but shares drop

(Reuters) – Aptiv Plc (APTV.N) Chief Executive Kevin Clark said on Thursday the automotive technology supplier can increase revenues by 4% this year despite a projected 3% decline in global auto production, but worried investors sold the company’s shares. Aptiv shares were down 2.5% on the New York Stock Exchange after the company forecast 2020… Continue reading UPDATE 1-Aptiv CEO sees growth as auto production falls, but shares drop

Edited Transcript of LEA earnings conference call or presentation 28-Jan-20 1:30pm GMT

Q4 2019 Lear Corp Earnings Call SOUTHFIELD Jan 29, 2020 (Thomson StreetEvents) — Edited Transcript of Lear Corp earnings conference call or presentation Tuesday, January 28, 2020 at 1:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Alicia J. Davis Lear Corporation – SVP of Corporate Development & IR * Jason M. Cardew… Continue reading Edited Transcript of LEA earnings conference call or presentation 28-Jan-20 1:30pm GMT

Techstars Detroit accelerator is shutting down

Techstars Detroit, the accelerator that has funded 54 startups in the past five years, is shutting down, TechCrunch has learned. In an email to supporters, Techstars Detroit managing director Ted Serbinski said the accelerator was not able to secure enough funding for 2020. “It’s clear the entire automotive mobility industry is tightening as sales slump… Continue reading Techstars Detroit accelerator is shutting down