VSE Corporation Announces First Quarter 2020 Results

ALEXANDRIA, Va.–(BUSINESS WIRE)–VSE Corporation (NASDAQ: VSEC, “VSE”, or the “Company”), a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets, today announced results for the first quarter 2020. FIRST QUARTER 2020 HIGHLIGHTS Enacted COVID-19 response and business continuity plan All repair, distribution and base […]

LCI Industries Announces Change of Time and Location of 2020 Annual Meeting of Stockholders to Virtual-Only Annual Meeting

ELKHART, Ind.–(BUSINESS WIRE)–LCI Industries (NYSE: LCII), which, through its wholly-owned subsidiary, Lippert Components, Inc. (“LCI”), supplies, domestically and internationally, a broad array of highly engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, and the related aftermarkets of those industries, announced today that the time and format of […]

Hagens Berman: Class-Action Lawsuit Says Fiat Chrysler Vehicle Defect Can Cause Engine Stall During Operation

FCA owners report high oil consumption, leading to unexpected engine shut off while driving DETROIT–(BUSINESS WIRE)–$FCAU #autonews–Fiat Chrysler has been hit by a class-action lawsuit accusing it of knowingly selling millions of vehicles with a defect causing them to consume abnormally high amounts of oil and shut down unexpectedly during operation, according to attorneys at […]

IHS Markit Trims 2020 Global Light Vehicle Sales, Production Forecasts

SOUTHFIELD, Mich.–(BUSINESS WIRE)–#VIO–IHS Markit (NYSE: INFO), downwardly revised its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 million units this year in the wake of the pandemic. IHS Markit forecasts a similar decline […]

Restarting Ford: Safety Priority One as Ford Readies to Reboot Critical Manufacturing Worldwide

Ford is continuing to make decisions with health and safety of workforce, dealers, customers, partners and communities as highest priority through the coronavirus crisis Robust safety and care measures instituted globally to create a safe and healthy environment for Ford’s workforce, its dealers and customers, with health assessment measures, personal protective equipment and facility modifications […]

Strategy Analytics: Auto Manufacturer EV Apps Show Different Approaches, Features

BOSTON–(BUSINESS WIRE)–Smartphones have become an indispensable part of modern life, and in the case of today’s electrified vehicles, smartphone apps are a key part of the ownership experience. Strategy Analytics takes a look at the different features and approaches of 15 global automakers including Tesla, Audi, General Motors, Volvo and others in terms of features, […]

Geotab Prevails Over Inventergy in Patent Lawsuit

Offers to collaborate with fleet management industry to help fend off frivolous lawsuits TORONTO–(BUSINESS WIRE)–Geotab, a global leader in IoT and connected transportation, today announced its victory in a patent infringement lawsuit in the District of Delaware, brought against Geotab by Inventergy LBS, LLC (“Inventergy”), a non-practicing entity (“NPE”). Consistent with the company’s long-established policy […]

REV Group, Inc. Announces Financial and Business Updates Related to COVID-19

MILWAUKEE–(BUSINESS WIRE)–REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, announced today that it has obtained financial covenant relief requested under an amendment to the Company’s existing $175 million Term Loan Agreement (“Agreement”) and provided an update on Recreation manufacturing operations. Effective April 30, 2020, the Company’s amended Agreement eliminates the requirement for […]

PCTEL Unveils New Multi-Band Public Safety Antenna Platforms for 2020 Police Utility Vehicles

BLOOMINGDALE, Ill.–(BUSINESS WIRE)–PCTEL®, Inc. (Nasdaq: PCTI) announced its new Trooper™ TRP-20INT platform, featuring new models with a purpose-designed footprint to allow seamless installation on the leading 2020 police sports utility vehicles. The Trooper™ TRP-20INT antenna platform supports the high-speed requirements of complex RF communication systems used for critical communications in FirstNet® public safety and Intelligent […]

Eaton Reports First Quarter Earnings Per Share of $1.07

Adjusted Earnings per Share of $1.09 for the First Quarter Excluding Charges of $0.02 Per Share Related to Acquisitions and Divestitures Completed Sale of Lighting Business for $1.4 Billion and Expect to Complete the Hydraulics Business Sale for $3.3 Billion by End of 2020 2020 Full Year Free Cash Flow Expected to be between $2.3 […]