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Addition of Meritor strengthens Cummins’ industry-leading range of powertrain components and will enable accelerated development of electrified power solutions COLUMBUS, Ind.–(BUSINESS WIRE)–Global power and technology leader, Cummins Inc. (NYSE: CMI) today announced that it has completed its acquisition of Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for […]
ANAHEIM, Calif.–(BUSINESS WIRE)–Phoenix Motor Inc. (Nasdaq: PEV) (“Phoenix Motor” or “Phoenix”), a global leader in manufacturing of all-electric, medium-duty vehicles, today announced the appointments of Lewis Liu as Senior Vice President of Program Management Office & Business Development, and Mark Hastings as Senior Vice President of Corporate Development & Strategy and Head of Investor Relations. […]
DEARBORN, Mich.–(BUSINESS WIRE)–That was quick – lightning quick. In just two months, Ford has delivered electric F-150 LightningTM trucks to customers in all 50 U.S. states, from the shores of the Kenai River in Alaska to Houston and even Hawaii. Texas – the truck capital of America – and California – the electric vehicle capital […]
TROY, Mich.–(BUSINESS WIRE)–Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced financial results for its first quarter ended July 2, 2022 (“fiscal 2023”). First Quarter Fiscal 2023 Highlights (compared to First Quarter Fiscal 2022) Net sales increased 42.3% to $725.9 million U.S. homes sold increased 6.9% to 6,813 Total backlog increased 14.1% to $1.4 billion […]
HIGHLIGHTS: (comparisons versus prior year period) Company delivered record sales of $419.9 million, up 17.2% Net income of $59.8 million and diluted earnings per share (EPS) of $1.54; adjusted earnings of $67.0 million and diluted adjusted EPS of $1.73 Second highest quarterly EBITDA of $121.1 million, up 2.9% and adjusted EBITDA margin of 28.8% Operating […]
NORTH CHARLESTON, S.C.–(BUSINESS WIRE)–Ingevity Corporation (NYSE:NGVT) today announced it has reached an agreement to acquire privately-owned Ozark Materials, LLC and Ozark Logistics, LLC (“Ozark Materials”) in an all-cash transaction valued at $325 million. The acquisition is subject to regulatory approval and other customary closing conditions, and Ingevity expects to close on the transaction by early […]
ARNHEM, Netherlands & PARIS & NEW YORK–(BUSINESS WIRE)–Allego N.V. (“Allego”) (NYSE: ALLG), a leading pan-European public electric vehicle fast-charging network, today announced that Chief Financial Officer, Ton Louwers, and Chief Technology Officer, Alexis Galley, will participate in the “Plugged-In: A Panel on EV Charging” panel at Needham’s 11th Annual Virtual Industrial Tech, Robotics, & Clean […]