Cummins Inc. Increases Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly cash dividend on common stock of 7 percent to 1.45 dollars per share from 1.35 dollars per share. The dividend is payable on September 2, 2021, to shareholders of record on August 20, 2021. “This marks […]
REE Automotive Announces Strategic Collaboration with JB Poindexter & Co Business Unit, EAVX, to Develop Commercial Electric Vehicles
Development of commercial electric vehicles will integrate REEcorner technology and JB Poindexter commercial vehicle bodies for anticipated production in the U.S. REE selects JB Poindexter & Co, a business enterprise that provides best-in-class commercial automotive and manufacturing goods and services, including Morgan Corporation, Morgan Olson, Reading, Masterack, Truck Accessories Group, and Specialty Vehicle Group, to […]
ITT to Release 2021 Second Quarter Results Thursday, August 5 and Hold Conference Call Friday, August 6
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–July 13, 2021– ITT Inc. (NYSE: ITT) will release its second quarter financial results after the close of The New York Stock Exchange on Thursday, August 5, 2021. The earnings release and related materials will be posted at www.itt.com/investors. The following morning, the company will hold a conference call on Friday, August […]
Allison Transmission and IndyGo Partner to Bring Electric Hybrid Buses to Indianapolis Public Transit
This electric hybrid propulsion system works to improve fuel economy, reduce CO2 emissions INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce that in partnership with Cummins and GILLIG, has delivered 24 electric hybrid buses to IndyGo, the Indianapolis Public Transportation Corporation. […]
New Argonne Study Puts Charge Into Drive for Sustainable Lithium Production
LEMONT, Ill.–(BUSINESS WIRE)–An important new study by researchers at the U.S. Department of Energy’s (DOE) Argonne National Laboratory has yielded critical fresh insights into the lithium production process and how it relates to long-term environmental sustainability, particularly in the area of transportation with batteries and electric vehicles. The paper was the result of a […]
To the Track: Mercedes EQ-Formula E Team partners with Sherwin-Williams
Atlanta, United States — Mercedes EQ-Formula E Team has now partnered with Sherwin-Williams, a leading paints and coatings company. Both companies are striving for new and innovative ways to push the automotive industry in their respective sectors, and Brian Gallagher, the president and general manager, Automotive Finishes division for Sherwin-Williams, says that the partnership is […]
Viva Veilleux: Patrick Veilleux joins Car-Part.com
Toronto, Ontario — Congratulations to Patrick Veilleux on the sale of his interest in Sherbrooke pièces autos usagées to his cousin Eric Veilleux. After many productive years in the industry, Veilleux is not leaving—he has joined Car-Part.com to test and make improvements to their software. Veilleux was a long-time Member of the Automotive Recyclers of Canada (ARC) […]
Biden Buys In: U.S. President shows support for the ‘Right to Repair’ campaign.
Washington, D.C. — United States President Joe Biden has shown his support of the ‘Right to Repair’ campaign by signing an executive order late last week that would prohibit anti-competitive restrictions that prohibit consumers freedoms when it comes to their data and repairing their vehicle where they want to. President of the Auto Care Association, […]
Plea for Proposals: AAPEXedu 2021 program now accepting presentation proposals
Las Vegas, Nevada — Proposals are being accepted for the AAPEXedu 2021 program, which will include three on-site general education sessions and four pre-event general education webinars that explore the future of the automotive aftermarket. Industry members may submit session proposals at: www.aapexshow.com/call-for-sessions/. Proposals are due by Friday, July 30, and sessions selected for the […]
