INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions for commercial and defense vehicles, announced today that its Board of Directors has approved an increase in the Company’s quarterly dividend from $0.19 to… Continue reading Allison Transmission Announces an 11 Percent Increase to the Quarterly Dividend, a $1 Billion Increase to the Stock Repurchase Authorization and the Annual Stockholders Meeting and Record Date
Tag: Financial Results
High-profile GM exec to retire to focus on ending distracted driving
The head of General Motors international operations is retiring to focus on his mission to end distracted driving. GM said Thursday that Steve Kiefer, 58, will retire effective April 1. Shilpan Amin, 47, will replace Kiefer as senior vice president and president of GM International. Amin is currently GM vice president of Global Purchasing and Supply Chain. GM… Continue reading High-profile GM exec to retire to focus on ending distracted driving
Nikola expects to post first revenue in 2022, shares rise, article with image
FILE PHOTO – U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca Register now for FREE unlimited access to Reuters.com Register Feb 24 (Reuters) – Electric-truck maker Nikola Corp (NKLA.O) said… Continue reading Nikola expects to post first revenue in 2022, shares rise, article with image
@GM: General Motors Announces Shilpan Amin to Lead GM International
General Motors Announces Shilpan Amin to Lead GM International Steve Kiefer to retire after almost 40 years in the auto industry to focus on global road safety and the Kiefer Foundation’s efforts to end distracted driving 2022-02-24 DETROIT – General Motors (NYSE: GM) today announced the appointment of Shilpan Amin as GM senior vice president… Continue reading @GM: General Motors Announces Shilpan Amin to Lead GM International
Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of over-promising, missed deadlines and investigations into its founder for lying to investors. In its fourth-quarter earnings report released Thursday, Nikola ticked off a number of recent milestones and, critically, its plans to begin… Continue reading Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021
Ford recalls heavy-duty pickups; drive shafts can fracture
Detroit – Ford is recalling nearly a quarter-million heavy duty pickup trucks in the U.S. because the drive shafts can fracture and cause a loss of power. The recall covers certain F-250 and F-350 Super Duty pickups from the 2017 through 2022 model years. The trucks have gasoline engines and aluminum drive shafts. Ford says… Continue reading Ford recalls heavy-duty pickups; drive shafts can fracture
@VW Group: Porsche Automobil Holding SE resolves to further examine and generally support a possible IPO of Dr. Ing. h.c. F. Porsche AG004678
Stuttgart, 24 February 2022. Based on discussions between Porsche Automobil Holding SE (Porsche SE) and Volkswagen AG about a possible IPO of Dr. Ing. h.c. F. Porsche AG (Porsche AG), the executive board of Porsche SE resolved today, with the approval of the supervisory board of Porsche SE, to further examine and generally support the… Continue reading @VW Group: Porsche Automobil Holding SE resolves to further examine and generally support a possible IPO of Dr. Ing. h.c. F. Porsche AG004678
@VW Group: Volkswagen to start review of Porsche AG IPO004678
Wolfsburg, February 24, 2022 – Volkswagen AG today announced that it will conduct an assessment on the feasibility of a potential initial public offering of Dr. Ing. h.c. F. Porsche AG. The Management Board and the Supervisory Board of Volkswagen concluded a framework agreement reflecting the respective discussions between Volkswagen AG and Porsche Automobil Holding… Continue reading @VW Group: Volkswagen to start review of Porsche AG IPO004678
Martinrea International Inc. to Announce Fourth Quarter and Full-Year Results on March 3, 2022
TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE) today announced it will report its financial results for the fourth quarter ended December 31, 2021 on Thursday, March 3, 2022 after the markets close, and will hold a conference call to discuss the results the same day at 5:30 p.m. Eastern… Continue reading Martinrea International Inc. to Announce Fourth Quarter and Full-Year Results on March 3, 2022
Sonatus Unveils Next Generation of its Digital Dynamics Vehicle Platform for Building Software-Defined Vehicles that Can Evolve in Post-Production with Code-less Updates
SUNNYVALE, Calif., Feb. 24, 2022 /PRNewswire/ — Sonatus, a global leader in software defined vehicle technology, today announced the release of the next generation Sonatus Digital Dynamics™ Vehicle Platform, which lives both in-vehicle and in the cloud. Following a successful debut in the Genesis GV60, Sonatus has further enhanced the cloud-side of its platform to… Continue reading Sonatus Unveils Next Generation of its Digital Dynamics Vehicle Platform for Building Software-Defined Vehicles that Can Evolve in Post-Production with Code-less Updates