The transaction advances Meritor’s M2022 objectives to accelerate global sales and growth by leveraging the company’s core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments. AxleTech’s offerings include a full product line of… Continue reading Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments
Tag: Strategy
Toyota, Honda plan to attack costs to free up cash for new tech
TOKYO (Reuters) – Two top Japanese automakers said they planned to tighten their belts in the years ahead to free up cash to develop electric cars and ride-sharing services, underscoring the hard task ahead as traditional automakers face a rapidly changing industry. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor… Continue reading Toyota, Honda plan to attack costs to free up cash for new tech
Panasonic Ramps Up Its Smart Factory Solutions Business in India
With the smart factory solutions, Panasonic aims to be the one stop solution for all SMT, welding and digital manufacturing needs New Delhi, India – April 17, 2019 – Panasonic announced its plans to ramp up its smart factory solutions business in India. The company has integrated its welding business and SMT (Surface Mount Technology)… Continue reading Panasonic Ramps Up Its Smart Factory Solutions Business in India
Workhorse Group Reports First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading Workhorse Group Reports First Quarter 2019 Results
First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading First Quarter 2019 Results
BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio
AUBURN HILLS, Mich., May 7, 2019 /PRNewswire/ — With global expertise supplying combustion, hybrid and electric vehicle propulsion solutions, BorgWarner is continuing to build its electrification portfolio and systems expertise by agreeing to form a joint venture with Romeo Power Technology, a technology-leading battery module and pack supplier. This new joint venture will be split 60/40… Continue reading BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio
Successful first quarter of 2019: TRATON SE begins the year with a plus in profits of 22%
TRATON SE is off to a strong start in 2019. During the first quarter of 2019, the TRATON GROUP increased its operating profit by 21.9% compared with the prior-year quarter to €470 million. All three brands MAN, Scania, and Volkswagen Caminhões e Ônibus contributed to this positive result. Sales revenue rose by 6.0% year-on-year to… Continue reading Successful first quarter of 2019: TRATON SE begins the year with a plus in profits of 22%
Statement by Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2019
Ladies and Gentlemen, Good morning! On the operational side, the BMW Group started the year as expected, in a business environment that remains challenging and volatile. Our first-quarter financials were heavily impacted by the provision of around 1.4 billion euros we made in connection with antitrust allegations by the European Commission. The Statement of Objections… Continue reading Statement by Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2019
Statement by Harald Krüger, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 31 March 2019
Good morning, Ladies and Gentlemen! At the BMW Group, we are always moving forward – with our sights set on the future. Our actions are geared towards the long term. We continue to resolutely chart our own course. Two areas will be crucial for us: 1. Strengthening our core business, and 2. Moving forward with… Continue reading Statement by Harald Krüger, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 31 March 2019
BMW Group’s operational performance on course
Munich. Within a challenging market environment, the BMW Group has started the financial year 2019 in line with expectations in operational terms. Contrary to the prevailing trend in the sector, the Group’s attractive and significantly younger model range enabled the company to set a new record in terms of deliveries to customers in the first… Continue reading BMW Group’s operational performance on course