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China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving


China Automotive Systems Purchases 40% of European Vehicle Technology Leader and Officially Enters Autonomous Driving
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WUHAN, China, June 9, 2021 /PRNewswire/
China Automotive Systems, Inc. (Nasdaq: CAAS) ( CAAS or the Company ), a leading power steering components and systems supplier in China, today announced that its wholly owned subsidiary, Hubei Henglong Automotive Systems Group Co. Ltd. ( Henglong ), purchased a 40% interest in the issued share capital of Sentient AB ( Sentient ), a Swedish automotive technology company specializing in software development and hardware design for advanced steering functions, vehicle motion control and autonomous driving.
In the transaction, Jingzhou WiseDawn Electric Car Co., Ltd. ( WiseDawn ) will transfer and assign all of its Sentient shares, representing 40% of the issued share capital of Sentient, to Henglong for total consideration of Euro 20 million in three tranches of cash ....

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Kia America "First Edition" EV6 All-Electric Vehicle Program Fully Reserved

/PRNewswire/ The limited run of 1,500 First Edition EV6s have been fully reserved the day the offer became available on Kia.com. Delivery to local dealers. ....

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Commercial Vehicle Instrument Cluster Market to grow by 3.78 million Units in 2021-2025, BorgWarner Inc. and Continental AG Emerge as Key Contributors to growth

/PRNewswire/ Technavio has been monitoring the commercial vehicle instrument cluster market and it is poised to grow by 3.78 million units during 2021-2025,. ....

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Premarket Movers Wednesday: Wendy's, Workhorse, SPI Energy


Premarket Movers Wednesday: Wendy s, Workhorse, SPI Energy
Stocks moving in premarket trading Wednesday include Wendy s, Workhorse Group, SPI Energy, Clover Health and Lordstown Motors.
Author:
Jun 9, 2021 8:36 AM EDT
Stocks were wavering Wednesday one day after the S&P 500 ended just short of a record closing high.
Here are some of the top movers during premarket trading on Wednesday:
1. Wendy s | Up 0.5%
Wendy s  (
WEN) - Get Report wavered after surging to a record on Tuesday as the restaurant chain entered the world of meme stocks. TheStreet.com Founder Jim Cramer says the company s Reddit-fueled rally is short-lived.
2. Workhorse Group | Up 8.8%
Shares of Workhorse Group  ( ....

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Volvo Group Breaks Ground on State-of-the-Art Vehicle Propulsion Lab in the U.S.


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HAGERSTOWN, Md., June 9, 2021 /PRNewswire/
During a groundbreaking ceremony today, the Volvo Group announced a $33 million expansion of its powertrain research and development site in Hagerstown, Maryland for the construction of a new, state-of-the-art Vehicle Propulsion Lab (VPL).
Volvo Group executives were joined by several Delegates of the Maryland State Assembly and Maryland Senator Paul Corderman at a groundbreaking ceremony for the construction of a new, state-of-the-art Vehicle Propulsion Lab, representing a $33 million expansion of its powertrain research and development site in Hagerstown, Maryland.
During a groundbreaking ceremony, Volvo Group executives were joined by local union leadership, and state and county officials, including Washington County Commissioner President Jeffrey Cline (at the podium) to mark the $33 million expansion of the company’s powertrain engineering site in Hagerstown, Maryland for the construction of a ....

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