Cleveland-Cliffs Temporarily Shuts Down Construction of its HBI Project
CLEVELAND–(BUSINESS WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) announced today, following guidelines from the office of the Governor of Ohio regarding COVID-19 virus concerns, the Company is temporarily shutting down construction activities at its hot-briquetted iron (HBI) project site in Toledo, Ohio. Effective March 20th, all construction activity at the site will cease by the end of the […]
Arcimoto Temporarily Suspends Electric Vehicle Production at its U.S. Factory in Effort to Boost Containment of Coronavirus
EUGENE, Ore.–(BUSINESS WIRE)–$FUV #FUV—Arcimoto, Inc.® (NASDAQ: FUV) announced today that it will temporarily suspend all production of the Fun Utility Vehicle through April 17, 2020 at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving coronavirus pandemic. The company will maintain a work-from-home staff to push forward critical operations, including compliance […]
Interactive Webinar Highlights Posted for “How Advanced Driving Assistance Systems Will Revolutionize the Auto Insurance Market”
OLDWICK, N.J.–(BUSINESS WIRE)–Viewers can access highlights from an AM Best webinar sponsored by LexisNexis® Risk Solutions to learn how insurers can integrate advanced driving assistance systems to build stronger relationships with policyholders, and improve underwriting and claims processes. Panelists include: John Kanet, director of auto insurance, LexisNexis Risk Solutions; Jennifer St. John, national auto claims […]
TTN Fleet Solutions Addresses COVID-19 Regarding Trucking Industry
ARGYLE, Texas–(BUSINESS WIRE)–#Maintenance–Transportation Executives continue to actively monitor the COVID-19 virus and its impact on the supply chain, as well as the global economy. With nationwide closures of large gatherings, schools, churches, and sporting events, many businesses are looking to follow suit, but are concerned with continuity of operations. Maintenance Departments within fleets are facing […]
Garrett Motion Restarts Production Facility in Wuhan
ROLLE, Switzerland–(BUSINESS WIRE)–Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced its manufacturing plant in Wuhan, Hubei Province, China has restarted limited production effective March 16, 2020 in accordance with local ordinances. Garrett’s Wuhan facility is expected to gradually return to […]
North America Electric Motors Market (2016 to 2024) – Energy-Efficient Motors Present Lucrative Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Electric Motors Market in North America, Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering. This research presents the forecast scenario in the North American electric motors market from 2020 to 2024 – including sales by geographic regions, motor technologies, motor power ratings and major end-user industries. Motor technologies included are AC […]
Ford Takes Action to Address Effects of Coronavirus Pandemic; Company Offers New-Car Customers Six-Month Payment Relief
$15.4 billion of additional cash on balance sheet, drawing from two credit lines Dividend suspension to preserve cash and provide additional flexibility in the current environment Withdrawal of company guidance for 2020 financial performance Three month payment deferral for eligible U.S. new-car customers, plus three more paid by Ford, for up to six months of […]
Original Equipment Tire Brands Finding Right Balance, J.D. Power Finds
Michelin Ranks Highest in Two Segments; Pirelli Ranks Highest in One TROY, Mich.–(BUSINESS WIRE)–Overall customer satisfaction with original equipment tires reaches an all-time high in 2020, as tire manufacturers have found the right balance of performance characteristics—without making sacrifices that jeopardize the customer experience, according to the J.D. Power 2020 U.S. Original Equipment Tire Customer […]
CarMax Announces Conference Call and Webcast Information for Fourth Quarter and Fiscal Year 2020 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) will report its financial results for the fourth quarter and fiscal year ended February 29, 2020, before the market opens on April 2, 2020, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president […]
Trinseo Launches PULSETM ECO Series Containing Recycled Content
New PC/ABS ECO series contains up to 50% recycled content, highly suited to automotive interior applications BERWYN, Pa.–(BUSINESS WIRE)–$TSE #Materials—Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has launched a new portfolio of recycled content-containing PC/ABS for automotive applications. Trinseo’s new PULSE™ ECO Series contains between […]
