SOUTHFIELD, Mich., Feb. 4, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the fourth quarter and full year 2020 and provided its financial outlook for the full year 2021. Highlights include: Fourth Quarter 2020 Sales of $5.2 billion, compared to $4.8 billion in… Continue reading Lear Reports Fourth Quarter and Full Year 2020 Results and Provides Full Year 2021 Outlook
Tag: Strategy
@Daimler: All systems go for the compact electric car from Mercedes-EQ: The EQA is now available for order
Environmental bonus of 9000 euros makes the EQA particularly attractive in Germany Stuttgart. EQA is the name of the entry-level model from the all-electric world of Mercedes-EQ. Prices in Germany start at 47,540.50 euros[i] for the EQA 250 (combined power consumption: 15.7 kWh/100 km; combined CO2 emissions: 0 g/km)[ii] with 140 kW. Other variants for… Continue reading @Daimler: All systems go for the compact electric car from Mercedes-EQ: The EQA is now available for order
@niche: Workhorse Appoints Chris Nordh as VP of Commercial Development000512
Former Ryder System Inc. Senior Director of Advanced Vehicle Technology & Energy Products Brings International Advanced Vehicle Technology Experience to Position Nordh Will Manage Sales, Create an Enablement Structure For Workhorse Channel Partners, and Develop Strategic Partnerships CINCINNATI, Feb. 03, 2021 (GLOBE NEWSWIRE) — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or the “Company”), an American… Continue reading @niche: Workhorse Appoints Chris Nordh as VP of Commercial Development000512
Innolith Appoints Automotive & Mobility Expert Stefan Knupfer as Chairman
BASEL, Switzerland, Feb. 4, 2021 /PRNewswire/ — Innolith AG today announces that Stefan M. Knupfer, a McKinsey Senior Partner, has been appointed to the Board of Innolith AG in the position of Chairman of the Board. He takes over from Konstantin Solodovnikov, who will continue serving on the Board of Innolith AG and in his… Continue reading Innolith Appoints Automotive & Mobility Expert Stefan Knupfer as Chairman
@Daimler: Daimler plans separation
Intention to split Daimler’s industrial businesses and establish two independent pure-play companies Spin-off and separate listing of Daimler Truck planned Significant majority stake to be distributed to current Daimler shareholders Intention to rename Daimler as Mercedes-Benz at the appropriate time Mercedes-Benz will be the world’s pre-eminent luxury car business, committed to leading in electric drive… Continue reading @Daimler: Daimler plans separation
@BMW: BMW i Ventures Funds Vendia to Disrupt How Corporations Share Data.000887
Mountain View, CA – February 3, 2021… BMW i Ventures announced today an investment in the Series A financing round of Vendia, which has developed a serverless, distributed data and code-sharing platform that is disrupting how enterprises share data and code with partners. Vendia’s innovative platform provides a secure way for corporations to share vast… Continue reading @BMW: BMW i Ventures Funds Vendia to Disrupt How Corporations Share Data.000887
Panasonic enjoys lift from Tesla but perils lurk ahead
OSAKA — Panasonic now expects group net profit of 150 billion yen ($1.43 billion) for the year ending in March, the company said Tuesday, as its battery supply business with U.S. electric-vehicle maker Tesla is expected to go into the black over a 12-month period for the first time. The figure still represents a 34% slide for the year,… Continue reading Panasonic enjoys lift from Tesla but perils lurk ahead
Daimler to invest 1.5 bln eur in truck business in wake of IPO
By Reuters Staff 1 Min Read BERLIN, Feb 3 (Reuters) – Daimler will set up an innovation fund with a volume of 1.5 billion euros ($1.80 billion) for its Daimler Truck unit in the course of the planned spin-off of the business, it said on Wednesday. “The Daimler truck business will have fully independent management,… Continue reading Daimler to invest 1.5 bln eur in truck business in wake of IPO
Daimler to spin off trucks in shift to electric, self-driving vehicles
By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo (Reuters) – German carmaker Daimler plans to spin-off Daimler Truck, the world’s largest truck and bus maker, to allow it to focus on zero-emission vehicles and self-driving… Continue reading Daimler to spin off trucks in shift to electric, self-driving vehicles
Eaton Corporation PLC (ETN) Q4 2020 Earnings Call Transcript
TipRanks 2 Biotech Stocks That Could Double in 2021; Canaccord Says ‘Buy’ How can we know just where the markets are heading? The new year started with an upward trend that nearly got derailed by a flashmob from Reddit – and suddenly we’re dealing with a rise in volatility. Covering the markets for Canaccord, Chief… Continue reading Eaton Corporation PLC (ETN) Q4 2020 Earnings Call Transcript