Mayville Engineering Company, Inc. Announces Second Quarter 2022 Results

Company Produces Significant Bottom Line Growth and Reiterates 2022 Guidance MAYVILLE, Wis.–(BUSINESS WIRE)–Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading U.S.-based value-added manufacturing partner that provides a full suite of prototyping and tooling, production fabrication, coating, assembly and aftermarket services, today announced results for the second quarter ended June 30, 2022. Second […]

Faraday Future Reveals New Manufacturing Updates and Introduces ‘FF ieFactory California,’ the Official Name of Its Hanford, Calif. Manufacturing Plant

Further progress has been made in all production areas at the ‘ieFactory’ as FF marches to start of production Continued production-intent vehicle builds along with testing and validation of these vehicles help ensure the FF 91 program remains on schedule to launch in Q3/Q4 2022 FF’s Hanford, Calif. manufacturing facility will officially be named ‘FF […]

Ingevity reports second quarter 2022 financial results

HIGHLIGHTS: (comparisons versus prior year period) Company delivered record sales of $419.9 million, up 17.2% Net income of $59.8 million and diluted earnings per share (EPS) of $1.54; adjusted earnings of $67.0 million and diluted adjusted EPS of $1.73 Second highest quarterly EBITDA of $121.1 million, up 2.9% and adjusted EBITDA margin of 28.8% Operating […]

Ingevity to acquire leading pavement marking materials business, Ozark Materials

NORTH CHARLESTON, S.C.–(BUSINESS WIRE)–Ingevity Corporation (NYSE:NGVT) today announced it has reached an agreement to acquire privately-owned Ozark Materials, LLC and Ozark Logistics, LLC (“Ozark Materials”) in an all-cash transaction valued at $325 million. The acquisition is subject to regulatory approval and other customary closing conditions, and Ingevity expects to close on the transaction by early […]

Ingevity enters battery electric vehicle market, invests $60 million in lithium-ion anode materials producer, Nexeon, and secures future activated carbon supply relationship

NORTH CHARLESTON, S.C.–(BUSINESS WIRE)–Ingevity Corporation (NYSE:NGVT) today announced that it has invested $60 million to acquire an equity stake in Nexeon Limited (“Nexeon”) in a strategic move to establish the company’s presence in the electric vehicle (EV) market and expand opportunities to grow its activated carbon business. United Kingdom-based Nexeon is a cutting-edge technology leader […]

Food and Distribution Fleets Choose Allison’s 3414 Regional Haul Series™ Transmission

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce that the award-winning Allison 3414 Regional Haul Series™ fully automatic transmission is now running in three of the top five largest private fleets in North America, which operate approximately 25,000 tractors combined. This growth is the result of Allison’s investment in developing the 3414 Regional Haul Series, along […]

Allego Announces Participation at Needham’s 11th Annual Virtual Industrial Tech, Robotics, & Clean Tech 1×1 Conference

ARNHEM, Netherlands & PARIS & NEW YORK–(BUSINESS WIRE)–Allego N.V. (“Allego”) (NYSE: ALLG), a leading pan-European public electric vehicle fast-charging network, today announced that Chief Financial Officer, Ton Louwers, and Chief Technology Officer, Alexis Galley, will participate in the “Plugged-In: A Panel on EV Charging” panel at Needham’s 11th Annual Virtual Industrial Tech, Robotics, & Clean […]

Xcel Energy Announces Transportation Vision to Power All Vehicles With Carbon-Free Energy By 2050

New 2050 vision expands ambitious 2030 goals supporting clean, affordable transportation MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy today announced a new transportation vision that drives toward providing the infrastructure and energy to run all vehicles in its service area on carbon-free electricity or other clean energy by 2050. Expanding upon the company’s existing 2030 electric vehicle (EV) vision […]

ComEd, Metropolitan Mayors Caucus Award Grants to 21 Communities to Expand Clean Transportation, Public Safety Initiatives

2022 Powering Safe Communities Program Awards Over $170,000 for Electric Vehicle Charging and Public Safety Projects Across Northern Illinois DEKALB, Ill.–(BUSINESS WIRE)–ComEd today joined the Metropolitan Mayors Caucus (MMC) to announce the winners of grants to fund community infrastructure projects that promote public safety and access to clean transportation. As part of the annual Powering […]