Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, today published its first quarter 2023 results.
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E-mobility is a global megatrend. Sales of electric vehicles are growing enormous across all relevant markets. We recognized this trend early and continue to fully embrace it.
Vitesco Technologies, a leading international developer and manufacturer of advanced drive technologies for sustainable mobility, has presented a Supplier of the Year Award for the first time in its young history. With this award, Vitesco Technologies honors particularly exemplary performance by its suppliers in the areas of production and non-production materials during fiscal year 2021.
Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, has successfully concluded a new €800 million revolving credit facility (RCF) with ESG-Link. By coupling the line of credit with a sustainability component, the credit margin is also linked to the degree to which two sustainability criteria are met. These include the reduction of greenhouse gas emissions and the frequency of occupational accidents in the company. The credit line can be used for general corporate purposes.
Vitesco Technologies, a leading international provider of innovative drive technologies and solutions for electric mobility, intends to become even more powerful in organizational terms. At its meeting today, the Supervisory Board approved the company’s plans to bring together its four current business units - Electronic Controls, Electrification Technology, Sensing & Actuation, and Contract Manufacturing – into two completely reorganized units: the future divisions “Powertrain Solutions” and “Electrification Solutions”.
Regensburg, May, 2022. Vitesco Technologies, a leading international developer and manufacturer of cutting-edge drive systems for sustainable mobility, held its first Annual General Meeting (AGM) today. The AGM was held virtually due to the continuing COVID-19 pandemic.
Annual General Meeting expresses confidence in the Executive Board and Supervisory Board
Powertrain supplier Vitesco is open to selling off its internal combustion engine division, which came out of the red in 2021 after years of losses, CEO Andreas Wolf said.
"If someone approached us wanting to buy that business, and it made sense for the company and workers, we would certainly do that," Wolf said on Monday.
