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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. […]
PHOENIX–(BUSINESS WIRE)–Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the “Company” or “Knight-Swift”) announced today that its board of directors (the “Board”) approved the repurchase of up to $350 million of the Company’s outstanding common stock (the “2022 Knight-Swift Repurchase Plan”). With the adoption of the 2022 Knight-Swift Repurchase Plan, the Company terminated the $250 million repurchase plan […]
LOS ANGELES, Calif.–(BUSINESS WIRE)–Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China’s largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were […]