Performance & Special Interest

Polaris Takes Additional Measures to Address COVID-19 Impact

Tuesday, March 31, 2020 - 9:30pm

This is an unprecedented crisis with a sudden and stark impact on our business, but in difficult times Polaris has always responded with agility and proved our resilience, said Scott Wine, Polaris Chairman and CEO.

Key Points: 
  • This is an unprecedented crisis with a sudden and stark impact on our business, but in difficult times Polaris has always responded with agility and proved our resilience, said Scott Wine, Polaris Chairman and CEO.
  • The measures we are taking today are necessary responses to a dynamic environment that compels us to bolster our liquidity and rapidly adapt to extraordinary circumstances.
  • Following the temporary production halt instituted on March 23, Polaris continues to carefully calibrate its manufacturing operations with anticipated product demand.
  • Polaris continues to ship finished vehicles to dealers, and to produce products that are consistent with governing federal, state and local directives.

REV Group, Inc. Provides Business and Financial Update Due to COVID-19; Withdraws Full Year Guidance

Thursday, March 26, 2020 - 9:15pm

REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, provided a business and financial update to address uncertainty related to the coronavirus pandemic.

Key Points: 
  • REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicles, provided a business and financial update to address uncertainty related to the coronavirus pandemic.
  • The company also withdraws full year fiscal 2020 guidance provided on March 4, 2020.
  • The Companys service centers will continue to perform essential support to meet dealers and end customers technical, warranty and parts requests.
  • As a result of uncertainties introduced by the current health crisis, REV Groups fiscal 2020 financial results may materially differ from guidance provided on March 4, 2020.

Global EV Powertrain Market Forecast to 2027 - ICE Vehicle Makers Venturing Into the Electric Vehicle Segment Presents a Lucrative Outlook - ResearchAndMarkets.com

Thursday, March 26, 2020 - 4:04pm

The "EV Powertrain Market to 2027 - Global Analysis and Forecasts By Product Type; Application" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "EV Powertrain Market to 2027 - Global Analysis and Forecasts By Product Type; Application" report has been added to ResearchAndMarkets.com's offering.
  • The global EV powertrain market accounted for US$ 30,095.5 million in 2018 and is expected to grow at a CAGR of 12% over the forecast period 2019-2027, to account for US$ 82,382.3 million by 2027.
  • The EV powertrain market outlook is positive, as the electric vehicles are gaining popularity among the end-users.
  • This factor is expected to drive the EV powertrain market.

REV Group Appoints Kent Tyler as New Fire Division President

Tuesday, March 24, 2020 - 11:00am

REV Group Inc. (NYSE: REVG), manufacturer of industry-leading specialty vehicles, announces Kent Tyler will re-join the company as Fire Division President on Tuesday, March 24, 2020, replacing Dan Peters.

Key Points: 
  • REV Group Inc. (NYSE: REVG), manufacturer of industry-leading specialty vehicles, announces Kent Tyler will re-join the company as Fire Division President on Tuesday, March 24, 2020, replacing Dan Peters.
  • We are excited to welcome Kent back to REV Group, stated Paul Bamatter, REV Groups Chairman of the Board.
  • Kent has proven to be a very effective business leader and operator who is extremely familiar with our organization.
  • REV Group (REVG) is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services.

REV Group Announces Leadership Change Effective Immediately

Monday, March 23, 2020 - 8:30pm

Mr. Rushing will assume day-to-day strategic and operational leadership of the Company and will also join REV Groups board of directors.

Key Points: 
  • Mr. Rushing will assume day-to-day strategic and operational leadership of the Company and will also join REV Groups board of directors.
  • Prior to joining REV Group, Rod Rushing most recently served as President, Building Solutions North America at Johnson Controls Inc. (JCI), a $9 billion revenue business with 30,000 employees.
  • The Board is confident we've selected the ideal next leader of REV Group in Rod.
  • REV Group (REVG) is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services.

Polaris Provides Business Update Related to COVID-19

Monday, March 23, 2020 - 5:00pm

Polaris Inc. (NYSE: PII) is today providing an update on its business and the actions the Company is taking in response to the COVID-19 pandemic.

Key Points: 
  • Polaris Inc. (NYSE: PII) is today providing an update on its business and the actions the Company is taking in response to the COVID-19 pandemic.
  • Between our Retail Flow Management (RFM) system and our agile workforce Polaris is built to react quickly during rapidly changing times.
  • Polaris is continuing to diligently manage its business, adjusting production schedules based on current demand signals and continued market uncertainty.
  • Wine noted: As small business owners, our dealers are facing considerable pressure on their business.

Arcimoto Temporarily Suspends Electric Vehicle Production at its U.S. Factory in Effort to Boost Containment of Coronavirus

Thursday, March 19, 2020 - 8:36pm

We face truly unprecedented times, here and in every community around the planet, said Mark Frohnmayer, Arcimoto Founder and CEO.

Key Points: 
  • We face truly unprecedented times, here and in every community around the planet, said Mark Frohnmayer, Arcimoto Founder and CEO.
  • We moved to a work-from-home model for everyone who could and implemented aggressive social distancing and sanitation policies in the production facility last week.
  • As such, weve made the necessary decision to temporarily suspend production.
  • Available for pre-order today, Arcimotos Fun Utility Vehicle is one of the lightest, most affordable, and most appropriate electric vehicles suitable for the daily driver.

Global Autonomous Vehicle Market (2020 to 2025) - Players Analysed Include Almotive, Audi, Cognata & Deep Vision Among Others - ResearchAndMarkets.com

Thursday, March 19, 2020 - 4:03pm

This report assesses the autonomous vehicle market including leading vendors, strategies, product and service offerings.

Key Points: 
  • This report assesses the autonomous vehicle market including leading vendors, strategies, product and service offerings.
  • The report provides global and regional forecasts for the autonomous vehicle market including hardware, software, and services along with emerging technologies from 2020 to 2025.
  • Market leading autonomous vehicle use cases will be found primarily within the business realm an emphasis on shipping and commercial fleets.
  • Identify major vendors, strategies, and solutions for autonomous vehicle solutions, products, and services
    Forecasts for autonomous vehicle market (global and regionally) including hardware, software, and services 2020 - 2025
    Understand how technologies such as AI, and Smart Building Integration will accelerate the adoption of autonomous vehicle

Eaton Cummins Automated Transmission Technologies Introduces All-New Endurant XD Heavy-Duty Transmission

Wednesday, March 18, 2020 - 7:00pm

Eaton Cummins Automated Transmission Technologies has announced it is expanding its Endurant automated transmission lineup with the introduction of the all-new Endurant XD series.

Key Points: 
  • Eaton Cummins Automated Transmission Technologies has announced it is expanding its Endurant automated transmission lineup with the introduction of the all-new Endurant XD series.
  • View the full release here: https://www.businesswire.com/news/home/20200318005668/en/
    Eaton Cummins Endurant XD automated transmission lineups highly efficient design reduces cost of ownership through improved overall fuel economy and extended service intervals.
  • The DNA of the Endurant platform is efficiency, light weight and low cost of ownership, said Charles Masters, general manager, Eaton Cummins Automated Transmission Technologies.
  • Eaton Cummins Automated Transmission Technologies is a 50/50 joint venture between Eaton (NYSE: ETN) and Cummins, Inc. (NYSE: CMI).

TÜV Rheinland issues Lynk & Co 05 China-mark certification for vehicle-level solid particulates/aerosol filtering protection

Wednesday, March 18, 2020 - 3:10pm

On March 18th, the international independent third-party testing, inspection and certification organization TV Rheinland awarded the flagship model of Lynk & Co with China-mark certification for vehicle-level solid particulates/aerosol filtering protection.

Key Points: 
  • On March 18th, the international independent third-party testing, inspection and certification organization TV Rheinland awarded the flagship model of Lynk & Co with China-mark certification for vehicle-level solid particulates/aerosol filtering protection.
  • Zhong Yuebing, Senior Director of Product Management at Lynk & Co., and Xia Bo, Vice President of TV Rheinland Greater China Solar and Commercial Products, attended the ceremony.
  • TV Rheinland inspects technical equipment, products and services, oversees projects, and helps to shape processes and information security for companies.
  • Since 2006, TV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.