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Record Parts and Financial Services Performance Drives Results BELLEVUE, Wash.–(BUSINESS WIRE)–“PACCAR reported excellent revenues and net income for the first quarter of 2022,” said Preston Feight, chief executive officer. “PACCAR Parts achieved record quarterly sales and profits as its outstanding operational performance enhanced uptime for customers. PACCAR Financial Services delivered record profitability due to excellent […]
OSHKOSH, Wis. & CLARKSBURG, Md.–(BUSINESS WIRE)–Oshkosh Corporation (NYSE: OSK), a leading innovator of mission-critical vehicles and essential equipment, and Robotic Research, a global leader in autonomous mobility and Advance Driver Assistance Systems (ADAS) solutions, announced today a strategic partnership and an Oshkosh Corporation investment in Robotic Research to accelerate its innovation and autonomy offerings. The […]
Partnership with OMERS Capital Markets and BMO Enables Continued Acceleration of AGP’s Global Expansion Plans AGP Positioned to Meet Growing Demand for Specialty Glass Amid Global Transition to Electric Vehicles GHENT, Belgium–(BUSINESS WIRE)–AGP Group (“AGP” or “the company”), a global leader in the design and production of specialty automotive glazing components, today announced it has […]
FINANCIAL AND OPERATIONAL HIGHLIGHTS First quarter sales were $1,957 million, flat relative to last year First quarter reported earnings per share was $1.14, down 46% versus last year; adjusted earnings per share was $1.29, down 44% versus last year Primary drivers in the quarter included increasing supply chain challenges and inflationary pressures, partially offset by […]
GAC is one of China’s largest automakers and a longtime Pony.ai partner Introduces Pony.ai’s partnership approach to commercializing robotaxis and strengthens Pony.ai’s significant leadership in the Guangzhou region FREMONT, Calif.–(BUSINESS WIRE)–Pony.ai, the leading global autonomous driving technology company, today announced a deeper partnership with Ontime, GAC’s ride-hailing app. As part of the partnership, Pony.ai will […]
The New York-based fab expands Wolfspeed’s manufacturing capacity to meet the steepening demand for Silicon Carbide devices across automotive and industrial applications. DURHAM, N.C.–(BUSINESS WIRE)–Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today officially opened its state-of-the-art, Mohawk Valley Silicon Carbide fabrication facility in Marcy, N.Y. with a ribbon cutting […]
Faraday Future’s flagship vehicle FF 91 EV will come equipped with Brembo brakes when it launches later this year (currently expected in Q3). A leader in the field of automotive brake technology, Brembo will provide the FF 91 EV with solid and consistent brake output under all conditions. LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. […]