Wed, Sep 22, 2021 07:30 CET Kongsberg Automotive’s Powertrain and Chassis (P&C) has won a transmission controls contract worth EUR 27.2 million estimated lifetime revenue, and average annual revenue of EUR 3.4 million. The secured contract is for Kongsberg Automotive Automated Manual Transmission (AMT) Shifter and the MT Cable Shifter. Designed for truck and bus… Continue reading Kongsberg Automotive awarded contract worth EUR 27.2 million estimated lifetime revenue
Tag: Financial Results
Lear Signs Agreement for Joint Venture with Hu Lane for Connector Products
SOUTHFIELD, Mich., Sept. 22, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has signed a definitive agreement for a joint venture with Hu Lane Associate Inc. (TPEX: 6279), a listed company on the Taipei stock market and a manufacturer of world-class automotive connector products.… Continue reading Lear Signs Agreement for Joint Venture with Hu Lane for Connector Products
@Mitsubishi: Announcement of FY2021 First-Quarter Financial Results
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Audi launches its newest EV, the 2022 Q4 e-tron SUV
Audi has launched the Q4 e-tron, the fifth electric vehicle in its growing portfolio, as part of the German automaker’s plan to bring more than 30 EVs and plug-in hybrids to market by 2025. The Q4 e-tron is Audi’s entry electric SUV model and the price reflects that. The vehicle, which was first revealed as a… Continue reading Audi launches its newest EV, the 2022 Q4 e-tron SUV
Uber adjusts third-quarter forecast in light of increased gross bookings
Uber said Tuesday that it could hit one measure of profitability in the third quarter, earlier than expected, as the ride-hailing company saw gains in its delivery and mobility businesses. The ride-hailing service told regulators in a filing this morning that it anticipated an increase in gross bookings and stronger adjusted EBITDA in the quarter… Continue reading Uber adjusts third-quarter forecast in light of increased gross bookings
Li Auto (LI) Slashes Q3 Delivery Forecast Amid Chip Dearth
Li Auto LI recently trimmed its third-quarter 2021 delivery guidance. The China-based electric vehicle (EV) maker now expects to deliver about 24,500 vehicles in the third quarter, down from the previous outlook of vehicle deliveries between 25,000 to 26,000 units. Backed by China’s food delivery giant Meituan, Li Auto, which debuted on Nasdaq on Jul… Continue reading Li Auto (LI) Slashes Q3 Delivery Forecast Amid Chip Dearth
Autos & Transportation · 2:45 PM UTCQuantumScape partners with unidentified large automaker to test battery prototypesU.S. battery maker QuantumScape …
Sept 21 (Reuters) – U.S. battery maker QuantumScape Corp (QS.N) said on Tuesday it had partnered with an undisclosed large automaker to evaluate prototypes of its solid-state battery cells, sending the Volkswagen AG-backed (VOWG_p.DE) firm’s shares 11% higher. The deal also includes an option for the automaker to purchase 10-megawatt hours worth of battery capacity… Continue reading Autos & Transportation · 2:45 PM UTCQuantumScape partners with unidentified large automaker to test battery prototypesU.S. battery maker QuantumScape …
TechnologyUber forecasts first-ever adjusted profit, shares jump 7%11:19 AM UTC
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Sept 21 (Reuters) – Uber Technologies Inc (UBER.N) could post its first profit on an adjusted basis in the current quarter, its chief… Continue reading TechnologyUber forecasts first-ever adjusted profit, shares jump 7%11:19 AM UTC
Technology · 6:39 AM UTCChip tech firm Alphawave raises guidance after strong first halfCanadian semiconductor technology company Alphawave raised its…
LONDON, Sept 21 (Reuters) – Canadian semiconductor technology company Alphawave (AWE.L) raised its 2021 guidance on Tuesday after reporting a 140% rise in first-half revenue in its first results since it listed in London in May. Alphawave, which licenses its high-speed data transmission technology to chipmakers, said its full-year revenue was expected to exceed $75m,… Continue reading Technology · 6:39 AM UTCChip tech firm Alphawave raises guidance after strong first halfCanadian semiconductor technology company Alphawave raised its…
Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period
Companies File for Regulatory Approvals in the European Union and China AURORA, Ontario, Sept. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) and Veoneer, Inc. today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition… Continue reading Magna And Veoneer Announce Expiration Of Hart-Scott-Rodino Waiting Period