Dana Inc.

Hyliion’s secret sauce isn’t electricity, it’s managing its use

Hyliion Holdings Corp. (NYSE: HYLN) points to natural gas fueling the on-board generator that makes electricity to power heavy-duty hybrid trucks. But the real mojo is unseen algorithms that manage the power for better fuel efficiency.

So even as Dana Inc. (NYSE: DAN) delivers the electric driveline that is the heart of the hybrid powertrain, it’s what happens afterward that Hyliion CEO Thomas Healy thinks will drive the newly public company’s business.

“One of the real value adds is how do you...

https://s29755.pcdn.co/news/hyliions-secret-sauce-isnt-electricity-its-managing-its-use

Hyliion CEO draws distinctions with besieged Nikola

Hyliion Holdings Corp. (NYSE: HYLN) founder and CEO Thomas Healy considered lessons from the Nikola Corp. (NASDAQ: NKLA) debacle as his startup began public trading Friday — and he became the nation’s youngest paper billionaire.

“From our end, there’s a lot of differences,” the 28-year-old Healy told FreightWaves in an interview. “One is actually having delivered products to fleets.”

Hyliion proprietary technology winds through and around electric driveline systems from Dana Corp. (NYSE: DAN), a...

https://www.freightwaves.com/news/hyliion-ceo-draws-distinctions-with-besieged-nikola

Coronavirus plant shutdowns crimp Dana’s cash in Q2

Dana Inc. (NYSE DAN) reported a second-quarter net loss of $174 million. Weaker demand resulted from industry-wide coronavirus-prompted plant idlings.

Excluding one-time charges, the second-quarter net loss was $118 million, or a negative $0.69 per diluted share. That compared with net income of $103 million, or a positive $0.87 per share in 2019.

The manufacturer of commercial vehicle driveline and electrification systems reported sales of $1.08 billion compared with $2.3 billion in the second...

https://www.freightwaves.com/news/coronavirus-plant-shutdowns-crimp-danas-cash-in-q2

PACCAR moves deliberately on electric and driverless trucks

PACCAR electric truck

PACCAR Inc. (NASDAQ: PCAR) isn’t rushing electric trucks to market. But it says its Kenworth, Peterbilt and European DAF brands will sell them at the right time.

“Our goal is to make sure that we’re in a position to provide our customers the lowest-operating-cost vehicles whenever the market is ready, when there’s infrastructure, when there’s regulation and when the technology is ready,” CEO Preston Feight said Tuesday.

“It’s [the] early days, and we feel like we’re really on top of it, and we’re...

https://s29755.pcdn.co/news/paccar-moves-deliberately-on-electric-and-driverless-trucks

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