Indian K9 Vajra Howitzers with Allison Cross-Drive Transmission Delivered Early to Indian Army

Allison Transmission at DefExpo in Lucknow, India, February 5-9 to highlight benefits of Allison Automatics INDIANAPOLIS–(BUSINESS WIRE)–Mumbai-based Larsen & Toubro (L&T) recently delivered 51 K9 Vajra-T 155 mm/52 cal tracked self-propelled howitzers equipped with Allison Automatics to the Indian Army in advance of schedule. Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully […]

New Jersey Dealerships Continue To Unite To Support The Valerie Fund

Children battling cancer and blood disorders thankful for the millions of dollars raised MAPLEWOOD, N.J.–(BUSINESS WIRE)–When the New Jersey Coalition of Automotive Retailers (NJ CAR) first launched a special fundraising initiative in 2014, the organization never could have predicted it would become an ongoing partnership that has raised more than $2 million for The Valerie […]

HARMAN Announces Executive Management Changes

Dinesh Paliwal to step down as President and CEO; Michael Mauser to succeed Paliwal effective April 1, 2020 STAMFORD, Conn.–(BUSINESS WIRE)–HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies and solutions for automotive, consumer and enterprise markets, today announced that Dinesh Paliwal will step down on April 1 after nearly 13 […]

REV Group, Inc. Completes Acquisition of Spartan Emergency Response

MILWAUKEE–(BUSINESS WIRE)–REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced today it has completed the acquisition of Spartan Emergency Response (Spartan ER), a leading designer, manufacturer and distributor of custom emergency response vehicles, cabs and chassis for the emergency response market, and its brands, from Spartan Motors, Inc. (NASDAQ: SPAR) effective […]

PPG Completes Acquisition of ICR, Manufacturer of Automotive Refinish and Light Industrial Coatings

PITTSBURGH–(BUSINESS WIRE)–PPG (NYSE: PPG) today announced that it has completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. Financial terms were not disclosed. Founded in 1961, ICR is based in Italy and manufactures automotive refinish products, including putties, primers, basecoats […]

NeoPhotonics Samples High Power Semiconductor Optical Amplifiers and Narrow Linewidth Lasers for Coherent Lidar Transceivers

High Power SOAs and NLW-Lasers Improve Range and Sensitivity of Coherent Lidar Transceivers for Autonomous Vehicles SAN JOSE, Calif.–(BUSINESS WIRE)–$NPTN #autonomousvehicles–NeoPhotonics Corporation (NYSE: NPTN), a leading designer and manufacturer of advanced hybrid photonic integrated circuit based modules and subsystems for bandwidth-intensive, high speed communications networks, today announced that it is sampling high power Semiconductor Optical […]

Carvana Brings The New Way to Buy a Car™ to Wyoming

Carvana Expands As-Soon-As-Next-Day Vehicle Delivery to Cheyenne CHEYENNE, Wyo.–(BUSINESS WIRE)–Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, launched in Wyoming today, offering as-soon-as-next-day vehicle delivery to Cheyenne. In as little as 5 minutes, from the comfort of home or on the go via their mobile device, customers can shop more […]

COOP by Ryder Enters Dallas-Fort Worth Market, Expanding Peer-to-Peer Digital Platform and Commercial Vehicle Sharing

MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today the expansion of its peer-to-peer truck sharing platform, COOP by RyderTM, to the Dallas-Fort Worth market – a move that signals a growing demand for commercial vehicle sharing. COOP allows commercial vehicle owners to generate […]

ON Semiconductor Reports Fourth Quarter and 2019 Annual Results

For the fourth quarter of 2019, highlights include: Revenue of $1,401.8 million GAAP and non-GAAP gross margin of 34.6 percent GAAP operating margin of 9.9 percent and non-GAAP operating margin of 12.3 percent Operating cash flow of $91.7 million and free cash flow of ($20.7) million GAAP diluted earnings per share of $0.14 and non-GAAP […]

ON Semiconductor to Explore Sale of Manufacturing Facility in Belgium

Company to explore mutually beneficial arrangement that promotes orderly transition PHOENIX–(BUSINESS WIRE)–ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovations, today announced it is exploring a sale of its manufacturing facility in Oudenaarde, Belgium. The company will begin searching for strategic partners that are willing to enter into a mutually beneficial arrangement that the company […]