Mercedes-Benz 2021 Results: Transformation Accelerates With Electric and Luxury Focus
Performance improved: Product mix and cost efficiency support adjusted EBIT increase at Mercedes-Benz Cars & Vans of 105% Portfolio optimised : Top-end vehicle sales surge and electrification ramp-up gathers pace New structure established: Pure-play car & van business after successful Daimler Truck spin-off Dividend increased: Proposal of €5.00 per share (2020: €1.35) reflects solid cash […]
Faraday Future Unveils First Production-Intent FF 91 EV Manufactured at its Hanford, Calif. Plant
With the first production-intent FF 91, Faraday Future has marked manufacturing Milestone #4 and remains on-schedule for the FF 91 start of production in Q3 2022 The company will build several production-intent vehicles in the coming months for vehicle testing and validation, as well as final certification HANFORD, Calif.–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) […]
Foundation Automotive Acquires Largest Group to Date in Wichita Falls, TX
WICHITA FALLS, Texas–(BUSINESS WIRE)–Today, Foundation Automotive Corp. is thrilled to announce the acquisition of 8 new rooftops from the Patterson Family of Dealerships in Wichita Falls, TX. This new addition, the largest to date for the rapidly growing auto group, will bring Foundation to 29 rooftops within North America. Effective immediately, Patterson Buick GMC, Cadillac, […]
Hyliion Holdings Reports Fourth Quarter and Full Year 2021 Financial Results
AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, reported its fourth quarter and full year 2021 financial results. Key Business Highlights Received orders from multiple fleets totaling 100 units backed by deposits to secure Hypertruck ERX production slots Received reservations for an additional 325 units […]
Orion Engineered Carbons Announces Its 2022 Annual General Meeting Date and Record Date
HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons (NYSE:OEC), a leading global supplier of specialty and high-performance carbon black, today announced that it will hold its 2022 annual general meeting of shareholders on Thursday, June 30, 2022, at 2:00 pm Central European Time at the company’s office, located at 6, Route de Trèves, L-2633 Senningerberg (Municipality of Niederanven), Grand […]
Dodge Industrial, Inc. Announces David Gilbert as New President
GREENVILLE, S.C.–(BUSINESS WIRE)–Dodge Industrial, Inc. – an RBC Bearings company and leading manufacturer of bearings, gearing, and power transmission components – is pleased to announce that it has named David Gilbert as its new president effective immediately. Gilbert joined Dodge nearly 20 years ago and is an experienced manufacturing and operations management leader with proven […]
Romeo Power Announces 3 Year Extension with an Existing Customer and Leader in Commercial Vehicles
Longstanding Romeo customer finalizes a multi-year supply agreement extension valued at $17 million LOS ANGELES–(BUSINESS WIRE)–Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced a three-year extension of an existing supply agreement with one of Romeo’s longstanding customers. The […]
VSE Corporation Announces Fourth Quarter and Full-Year 2021 Results Conference Call Date
ALEXANDRIA, Va.–(BUSINESS WIRE)–VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets supporting government and commercial markets, today announced that it will issue fourth quarter and full-year 2021 results after market close on Wednesday, March 9, 2022. A conference call will […]
Orion Engineered Carbons Declares Interim Quarterly Dividend
HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons (NYSE:OEC), a leading global supplier of specialty and high-performance carbon black, today announced that its board of directors has declared an interim dividend to be paid in the second quarter of 2022 of $0.0207 per Common Share of the company, which is equivalent to the aggregate amount of approximately $1.25 million […]
