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ABB sells Dodge transmission business to RBC Bearings for US$2 9 billion

ABB sells Dodge transmission business to RBC Bearings for US$2 9 billion
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ABB hikes sales outlook, readies electric charger business IPO | Hellenic Shipping News Worldwide

ABB hikes sales outlook, readies electric charger business IPO Engineering company ABB doubled its full year sales guidance on Thursday thanks to resurgent global industrial demand and said it is forging ahead with plans to float its fast growing electric vehicle charging business next year. The factory drives and robot maker reported better than expected second quarter results and said double-digit order growth was seen in all its business areas as customers rebuilt their inventories. Sales of its high-speed electric vehicle chargers for buses and cars have seen an average growth rate of 50% since 2016, benefiting from a global boom in battery-powered vehicles.

ABB (ABB) Q2 2021 Earnings Call Transcript

ABB (ABB) Q2 2021 Earnings Call Transcript
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