Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest

Winner of the “Brand Design” and “Digital” categories New, modern image covers all channels and is without parallel in the industry Regensburg, May 4, 2020. In the prestigious Automotive Brand Contest 2020 design competition, Vitesco Technologies has scooped not one award for its all-new brand identity but two: The company was named a winner in… Continue reading Prizewinning Brand Identity: Vitesco Technologies Scores Double Win in Automotive Brand Contest

Hitachi Capital Join Forces With Gridserve On EV Charging

Hitachi Capital (UK) PLC and GRIDSERVE Sustainable Energy Ltd today announce a partnership which aims to revolutionise the UK’s approach to solar energy and create the infrastructure to accelerate the adoption of electric vehicles. In a move which is set to transform the UK’s renewable energy and electric vehicle charging market, Hitachi Capital UK will… Continue reading Hitachi Capital Join Forces With Gridserve On EV Charging

Elon Musk Says Tesla Stock Is ‘Too High’—and It Quickly Falls

He’s at it again. Launching a Friday morning tweet-tear, SpaceX and Tesla CEO Elon Musk wrote, “Tesla stock price is too high imo [in my opinion].” Ask, believe, receive: The electric-car maker’s stock price immediately began to dip, finishing the day down 10 percent. It’s curious for any executive to say the company’s stock is… Continue reading Elon Musk Says Tesla Stock Is ‘Too High’—and It Quickly Falls

Alexandra Ford English, daughter of Bill Ford Jr., replaces Joe Hinrichs on Rivian board

CLOSE Alexandra Ford English, director of corporate strategy at Ford Motor Company, has taken a seat on the board of directors for Rivian, the high-profile electric vehicle startup. Alexandra Ford English, daughter of Bill Ford Jr., has just been named to the Rivian board of directors, the companies announced jointly on May 1, 2020.  (Photo: Ford… Continue reading Alexandra Ford English, daughter of Bill Ford Jr., replaces Joe Hinrichs on Rivian board

Dana Incorporated (DAN) Q1 2020 Earnings Call Transcript

Dana Incorporated (DAN) Q1 2020 Earnings Call Transcript More At this time, I would like to begin the presentation by turning the call over to Dana’s Senior Director of Investor Relations and Strategic Planning, Craig Barber. Today’s call is being recorded and the supporting materials are the property of Dana Incorporated. Allow me remind you… Continue reading Dana Incorporated (DAN) Q1 2020 Earnings Call Transcript

Edited Transcript of DAN earnings conference call or presentation 30-Apr-20 2:00pm GMT

Q1 2020 Dana Inc Earnings Call Maumee May 1, 2020 (Thomson StreetEvents) — Edited Transcript of Dana Inc earnings conference call or presentation Thursday, April 30, 2020 at 2:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Craig Barber Dana Incorporated – Senior Director of IR & Strategic Planning * James K. Kamsickas… Continue reading Edited Transcript of DAN earnings conference call or presentation 30-Apr-20 2:00pm GMT

@Daimler: Step by step back to normality: Mercedes-Benz car plants successfully restart production

Successful gradual restart of production at the Mercedes-Benz plants in Untertürkheim, Berlin, Hamburg, Sindelfingen and Bremen after the suspension of production and short-time work Extensive package of anti-infection measures agreed and implemented with the Works Council After a phase of suspension of production and short-time work caused by the Covid-19- pandemic, the Mercedes-Benz car plants… Continue reading @Daimler: Step by step back to normality: Mercedes-Benz car plants successfully restart production

@VW Group: Volkswagen Brand – First-quarter sales revenue and profit down on previous year due to impact of Covid-19

Volkswagen Passenger Cars experienced a substantial impact on its business in the first three months of 2020 due to the Covid-19 pandemic. Despite a solid start to the year, deliveries to customers by the core Volkswagen brand decreased by around 25 percent to 1.1 million vehicles over the January to March period of 2020. In… Continue reading @VW Group: Volkswagen Brand – First-quarter sales revenue and profit down on previous year due to impact of Covid-19

UPDATE 1-BorgWarner still working to close acquisition of Delphi after breach claim

DETROIT (Reuters) – U.S. auto parts maker BorgWarner Inc (BWA.N) and its acquisition target Delphi Technologies PLC (DLPH.N) said on Thursday they are still working to close their deal, following a breach claim that BorgWarner made against Delphi. On March 31, BorgWarner threatened to walk away from its deal to buy UK-based Delphi after Delphi… Continue reading UPDATE 1-BorgWarner still working to close acquisition of Delphi after breach claim

Goodyear Reports First Quarter 2020 ResultsApr 30, 2020AKRON, Ohio, April 30, 2020 – The Goodyear Tire & Rubber Company today reported results for the…

— First quarter results significantly affected by COVID-19 pandemic — Cash and available liquidity of $3.6 billion following successful U.S. credit facility refinancing — Favorable trend in price versus raw material costs continues — Global manufacturing facilities resuming production during late April / early May — Industry conditions continue improving in China AKRON, Ohio, April… Continue reading Goodyear Reports First Quarter 2020 ResultsApr 30, 2020AKRON, Ohio, April 30, 2020 – The Goodyear Tire & Rubber Company today reported results for the…