Author name: Evan

Dana sales for the third quarter of 2021 totaled US$2.2bn, compared with $1.99bn in the same period of 2020, representing a $210m improvement driven by strong customer demand in heavy vehicle markets. Adjusted EBITDA was $210m versus $201m. Profit margin compression in the third quarter of 2021 was primarily driven by raw material cost rises.

Denso said it was reorganising its North America engineering and R&D divisions to better integrate the company’s electrification, thermal and safety systems. North American design & engineering will consolidate its five product groups to enable teams to work more cohesively, enhancing integration, performance, and quality. The thermal and powertrain-electrification product groups will become the green technology group. This will

Hertz announced it would acquire the largest EV rental fleet in North America “as consumer interest in electric vehicles (EV) skyrockets.” It will place an initial order for 100,000 Teslas by the end of 2022 and establish new EV charging infrastructure across its global operations. “Electric vehicles are now mainstream, and we’ve only just begun

Veoneer has recorded third-quarter net sales up 5% to US$391m. Business Highlights: Entered into a definitive merger agreement, under which SSW and Qualcomm will acquire Veoneer, terminated merger agreement with Magna International Organic Sales growth outperformed the global LVP by ~23pp during Q3, 21 Semiconductor supply chain shortages continue to create industry production, delivery and