Auto component and tiremaker Continental AG showed robust sales and earnings for the first half of the year.
Sales for the first six months came in 2.1% higher year-over-year, landing at $23.2 billion. Net income jumped 14.2% YoY to $1.79 billion.
Driven by strong replacement consumer and truck tire growth in North America, Conti’s tire unit saw first half sales of $6.48 billion, 1.8% better than the same period in 2013, while the segment’s operating profit rose 14.7% to $1.27 billion.
Yoshi is also commercializing its mobile EV charging platform to address EV fleet charging challenges.
Yoshi Mobility recently closed its $26 million Series C funding round. The round includes strategic investors General Motors Ventures and Bridgestone Americas, as well as international investors Universal Motors Agencies and Shikra Limited. Launched out of Y Combinator in 2016, the company is also backed by ExxonMobil, DN Automotive, NBA All-Star Kevin Durant, and NFL legend Joe Montana. Yoshi Mobility has raised more than $60 million to date. In addition to scaling its core business, the company said Series C funding enables it to expand three new business lines: preventative maintenance, virtual vehicle inspections and electric vehicle (EV) charging.
At CES, Autel Energy showcased its suite of EV charging solutions and an electrified 1969 Ford Bronco.
Nearly all products in the Firestone family of tires have been upgraded over the past three years, and Bridgestone is on track to have all of its consumer tire portfolio across both the Bridgestone and Firestone brands either upgraded or replaced by the end of 2020.
Nokian Tyres opened its first U.S. manufacturing facility and launched numerous new products. See what’s in store for 2020.
Nexen Tire opened its North American Technology Center and debuted the Roadian GTX. Find out what’s in store for 2020.
You have an opportunity to capture extra profits and future-proof your business.
Understanding the signal patterns, frequencies and wake-up behaviors involved is key for effective diagnosis and repair.
Chariarse has extensive experience in his field, working as a commercial truck field engineer in the tire industry for the past 21 years.
The Bandag Virtual Plant Tour is an internet browser-based experience that provides a step-by-step walkthrough of Bandag’s retreading process.
