Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle

The Fisker Ocean will make its global debut at the upcoming 2021 Los Angeles Auto Show, with production starting on November 17, 2022. The Fisker Ocean features extensive use of recycled materials, including a fully vegan interior, and will come with an optional photovoltaic solar roof. The Fisker Ocean will sit on custom-developed Bridgestone Potenza… Continue reading Fisker and Bridgestone Unite Sustainability Ambitions with Partnership on Groundbreaking Fisker Ocean Electric Vehicle

BorgWarner Furthers Growth in China with Two Dual Inverter Projects

AUBURN HILLS, Mich., Aug. 4, 2021 /PRNewswire/ — BorgWarner is making significant traction in the China mobility market, most recently with contracts to supply dual inverters for two premier Chinese OEMs. The dual inverters will be featured on both hybrid electric vehicles (HEV) and plug-in hybrid electric vehicle (PHEV) versions of the GWM LEMON platform, and… Continue reading BorgWarner Furthers Growth in China with Two Dual Inverter Projects

July vehicle registrations, revenue in Kolkata top last year’s on public travel fears

A senior officer of the transport department, too, said the increase in registrations was, on the face of it, surprising. “Last year, when sales started picking momentum, we thought it was pent-up demand pushing up sales. But this year, we cannot say that. We did not have a total lockdown and the restriction on movement… Continue reading July vehicle registrations, revenue in Kolkata top last year’s on public travel fears

BorgWarner’s high-voltage coolant heater betters battery efficiency for Zeekr 001 

BorgWarner has entered into a partnership with Zeekr Intelligent Technology Co, owned by Geely. BorgWarner plans to supply its advanced High-voltage Coolant Heater (HVCH) to Zeekr’s new Zeekr 001 electric sedan. The HVCH technology was developed to meet the demand for fast-acting solutions as the thermal management systems of vehicles increasingly become decoupled from the internal… Continue reading BorgWarner’s high-voltage coolant heater betters battery efficiency for Zeekr 001 

Meritor Announces Investment in SEA Electric

TROY, Mich., Aug. 3, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced an equity investment in SEA Electric Holdings Pty Ltd. (“SEA Electric”), a global leader in commercial electric vehicles for urban delivery and logistics. With global headquarters in Los Angeles, SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a range… Continue reading Meritor Announces Investment in SEA Electric

Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…

The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Aug 3 (Reuters) – Lyft Inc (LYFT.O) on Tuesday posted an adjusted quarterly profit three months ahead of target, seizing on a leaner cost structure as rides rebounded, but it warned of ongoing driver shortages and the spread of… Continue reading Technology · August 3, 2021 · 10:57 PM UTCLyft posts adjusted profit ahead of target, but warns of driver shortage, Delta threatLyft Inc (LYFT.O) on T…

Lyft reaches adjusted profitability milestone despite continuing net losses

Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. In aggregate the company’s performance was a rebound from the year-ago second quarter, which was heavily impacted by the onset of the COVID-19 pandemic and resulting lockdowns in the United States. Lyft also managed to produce positive adjusted EBITDA in the… Continue reading Lyft reaches adjusted profitability milestone despite continuing net losses

@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30th June 2021001350

Ladies and Gentlemen,  Good morning! In the second quarter of 2021, as expected, the BMW Group was able to build on its strong performance of the first three months. Individual mobility remains in high demand across the globe. The EBIT margin in the Automotive Segment for the year to the end of June was 13.0%… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30th June 2021001350

@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30th June 2021001349

Good morning, Ladies and Gentlemen. The performance of BMW is undisputed. As Nicolas Peter told us. We are on the right track. We are making the right decisions at the right time: the decisions that will keep our company profitable and successful for a long time to come. Ladies and Gentlemen,What is the world most concerned with… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30th June 2021001349

@BMW: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage001347

Munich, Germany – August 3, 2021… The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.Reported figures for the second quarter improved significantly compared to one year earlier, when the BMW Group… Continue reading @BMW: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage001347