BorgWarner’s integrated drive module (iDM) meets hybrid system needs Technology demonstrates BorgWarner’s leadership in the field of e-Propulsion systems Integration of technologies offers cost savings AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ — BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, has announced it will supply a new integrated drive module (iDM)… Continue reading BorgWarner to Supply Integrated Drive Module for Leading Chinese OEM’s Hybrid Vehicles
Tag: Strategy
Cooper Standard Sells Technical Rubber Business to Holcim
NORTHVILLE, Mich., Aug. 2, 2023 /PRNewswire/ — Cooper-Standard Holdings Inc. (NYSE: CPS) today announced it has completed the sale of its Technical Rubber business to Switzerland-based Holcim. Based in Mannheim, Germany, Cooper Standard Technical Rubber (CSTR) offers versatile sheeting, compounding and flooring solutions. The sale was finalized on July 31, 2023. Terms of the sale were… Continue reading Cooper Standard Sells Technical Rubber Business to Holcim
Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab
Joint Venture to serve as a commercial successor for the International Space Station, ensuring continued US and European collaboration in space DENVER, Aug. 2, 2023 /PRNewswire/ — Voyager Space (Voyager), a global leader in space exploration, and Airbus Defence and Space (Airbus), the largest aeronautics and space company in Europe, today announced an agreement paving… Continue reading Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab
Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum
SOP and expanded relationship with BMW Group combined with additional year-to-date commercial momentum underlines the strength of Innoviz’s LiDAR sensor and software platform TEL AVIV, Israel , Aug. 2, 2023 /PRNewswire/ — Innoviz Technologies Ltd. (Nasdaq: INVZ) (the “Company” or “Innoviz”), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided… Continue reading Innoviz Reports Second-Quarter 2023 Results and Increases 2023 Financial Targets Following Continued Commercial Momentum
Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab
Joint Venture to serve as a commercial successor for the International Space Station, ensuring continued US and European collaboration in space DENVER, Aug. 2, 2023 /PRNewswire/ — Voyager Space (Voyager), a global leader in space exploration, and Airbus Defence and Space (Airbus), the largest aeronautics and space company in Europe, today announced an agreement paving… Continue reading Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab
SCI Wins “Overall Analytics Solution of The Year” Award From SupplyTech Breakthrough
Annual Awards Program Recognizes Innovation in the Global Supply Chain Technology and Logistics Industry TORONTO, Aug. 2, 2023 /PRNewswire/ – SCI, a leading Canadian 3PL provider specializing in e-commerce fulfillment and transportation management, announced today it is the recipient of the “Overall Analytics Solution of The Year” award in the annual SupplyTech Breakthrough Awards. The awards,… Continue reading SCI Wins “Overall Analytics Solution of The Year” Award From SupplyTech Breakthrough
Driven Brands Holdings Inc. Reports Second Quarter Results
–Revenue increased 19% powered by 8% same-store sales growth and 7% net store growth—-Net Income increased to $38 million vs a Net Loss of $57 million in prior year—- Adjusted EBITDA1 increased 12% to $151 million—-Updates Full Year 2023 Guidance– CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ — Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands”… Continue reading Driven Brands Holdings Inc. Reports Second Quarter Results
Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles
After a couple of years working together on an existing program that will include the first deployment of LiDAR-enabled highly automated technology on the BMW 7 Series later this year, the BMW Group and Innoviz are beginning to focus on the next-generation of the technology by starting this first B-sample phase. The result of this… Continue reading Innoviz Technologies to Develop B-Samples of New LiDAR Platform for Next Generation of BMW Automated Vehicles
RB Global Announces Leadership Changes
Jim Kessler, Most Recently President and Chief Operating Officer, Appointed Chief Executive Officer Kessler Assumes CEO Role with Strong Record of Driving Transformative Growth and Guiding Industry Leading, Customer Focused Organizations Megan Cash Appointed Principal Finance and Accounting Officer Company Announces Strong Preliminary Second Quarter 2023 Financial Results WESTCHESTER, Ill., Aug. 2, 2023 /PRNewswire/ – RB… Continue reading RB Global Announces Leadership Changes
BorgWarner Reports Second Quarter 2023 Results, Reports Additional Progress Towards Charging Forward 2027
AUBURN HILLS, Mich., Aug. 2, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported second quarter results. Charging Forward Update: In June, BorgWarner unveiled Charging Forward 2027, which included the following 2027 targets: eProduct sales of over $10 billion, eProducts adjusted operating margin of approximately 7%, and Maintaining double-digit margins for Foundational products. BorgWarner agreed… Continue reading BorgWarner Reports Second Quarter 2023 Results, Reports Additional Progress Towards Charging Forward 2027