In 2020, Valmet Automotive’s profitability in the continued businesses was maintained close to previous year’s level despite the corona pandemic related production losses during the second and third quarter. Business build of and investments to EV Systems business line continued according to plans and cash flow after investments remained positive. Net sales of EUR 494.0… Continue reading Valmet Automotive’s Annual Review 2020: Good performance and solid strategy execution despite extraordinary circumstances
Tag: Strategy
Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
ROCHESTER, N.Y. and RIYADH, Saudi Arabia, April 29, 2021 /PRNewswire/ — Hyzon Motors Inc. (“Hyzon”), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group (“Modern Group”), a Saudi industrial conglomerate, today announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development… Continue reading Hyzon Motors, NEOM and Modern Group Plan to Collaborate on Hydrogen-Powered Vehicle Value Chain
Nexteer Automotive Elevates Software Engineering Organization
AUBURN HILLS, Mich., April 29, 2021 /PRNewswire/ — As vehicles are fast becoming more software-enabled, cloud-connected devices, global OEMs’ needs are growing exponentially in software-enabled steering features and other software-centric motion control applications. Consequently, Nexteer Automotive is elevating its global Software Engineering organization to meet the ever-expanding software needs of its global OEM customer base. Software… Continue reading Nexteer Automotive Elevates Software Engineering Organization
@niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
This is the FlatFormer platform that Hino Motors unveiled at the 2019 Tokyo Motor Show. This was … [+] jointly developed with REE Automotive. Hino and REE are forming an alliance to advance electrified and autonomous technology in commercial vehicles. REE Automotive Image Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines,… Continue reading @niche: Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles000826
LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS
April 29, 2021 LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS Open share list Share this content. Highest Quarterly Revenue and Operating Profit in Company’s History SEOUL, Apr. 29, 2021 — LG Electronics Inc. (LG) today announced first-quarter 2021 consolidated sales of KRW 18.81 trillion (USD 16.90 billion) and operating profit of KRW 1.52 trillion (USD 1.36… Continue reading LG ANNOUNCES FIRST-QUARTER 2021 FINANCIAL RESULTS
06:59 ETDana Incorporated Reports Strong 2021 First-quarter Financial Results; Including Higher Sales; Raises Full-year GuidanceKey Highlights Sales o…
MAUMEE, Ohio, April 28, 2021 /PRNewswire/ — Key Highlights Sales of $2.3 billion, an increase of $337 million Net income attributable to Dana of $71 million, an increase of $13 million Diluted EPS of $0.48, an increase of $0.08 Adjusted net income attributable to Dana of $97 million, an increase of $29 million Adjusted EBITDA… Continue reading 06:59 ETDana Incorporated Reports Strong 2021 First-quarter Financial Results; Including Higher Sales; Raises Full-year GuidanceKey Highlights Sales o…
@GM: To Put ‘Everybody In’ an Electric Vehicle, GM Introduces Ultium Charge 360 April 28, 2021
– Ultium Charge 360 will integrate charging networks, GM vehicle mobile apps, and other products and services to simplify customer charging experience – GM collaborates with seven major charging networks to offer customers more seamless access to nearly 60,000 plugs across the U.S. and Canada – GM and EVgo launch first Ultium-ready fast chargers; approximately… Continue reading @GM: To Put ‘Everybody In’ an Electric Vehicle, GM Introduces Ultium Charge 360 April 28, 2021
Lotus launches new retail format for dealers
Lotus has launched a new retail identity programme, which is being rolled out in showrooms across the world. The first location will open for business in Manama, the capital city of Bahrain, in the Middle East. The brand is adopting a multi-channel strategy to selling its cars. Lotus also revealed details of the replacement for… Continue reading Lotus launches new retail format for dealers
@Toyota: JCB Selects Toyota Corolla Hybrids for its Vehicle Fleet
JCB, one of the world’s largest manufacturers of construction equipment, has made the switch to Toyota self-charging hybrid electric technology replacing its sales team’s vehicle fleet with 40 Toyota Corolla Touring Sports models. The handover of the first 20 vehicles took place at the company’s Rocester headquarters in Staffordshire. The cars will be used by… Continue reading @Toyota: JCB Selects Toyota Corolla Hybrids for its Vehicle Fleet
EasyMile raises $66M for its autonomous people-and-goods shuttles
We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and shuttles for specific uses within closed-campus deployments say they are on their way to commercial operations and are raising money to get there. In the latest development, a startup out of… Continue reading EasyMile raises $66M for its autonomous people-and-goods shuttles