Historical Stock Chart
3 Months : From Nov 2019 to Feb 2020
LAKE FOREST, Ill., Dec. 4, 2019 /PRNewswire/ -- Throughout its 63-year history, the Nissan Skyline has showcased a broad range of innovative technologies engineered to deliver a differentiated and highly enjoyable driving experience. This tradition continues in 2020 Skyline 400R, which is now available in Japan with the Intelligent Dynamic Suspension (IDS) featuring DRiV™ Continuously Variable Semi-Active (CVSAe) suspension technology. DRiV is a Tenneco Inc. (NYSE: TEN) business and leading global aftermarket and ride performance supplier to OEMs globally.
The CVSAe system is one of several electronic suspension solutions available in the DRiV Monroe® Intelligent Suspension portfolio. The CVSAe system automatically senses road and driving conditions and independently adjusts the four electronically controlled shock absorbers in real time for superior comfort, handling and driving enjoyment.
With the addition of the Nissan car brand, the market leading CVSAe technology continues to grow. "Since its introduction in 1957, the iconic Skyline has helped set the standard for driving enjoyment. We are pleased to help continue this impressive tradition with Monroe Intelligent Suspension technology in Japan," said Brad Norton, executive vice president and president, Ride Performance, DRiV. "Our CVSAe solution is a popular, proven solution that enables consumers to customize their ride experience based on driving situation and personal preference."
About Monroe® Intelligent Suspension:
The Monroe® Intelligent Suspension portfolio includes selective suspension solutions (Dual Mode) and semi-active solutions with external valve (CVSAe), and two independent valves (CVSA2). The portfolio also includes Kinetic® for pitch and roll control.
Visit www.monroeintelligentsuspension.com for more information.
About DRiV™ - the future Aftermarket and Ride Performance Company
Following the expected separation of Tenneco to form two- independent companies, an Aftermarket and Ride Performance company (DRiV™) as well as a new Powertrain Technology company, DRiV will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies. DRiV's principal product brands will feature Monroe®, Ӧhlins®, Walker®, Clevite® Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our plans to separate into two independent companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the separation of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a separation); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco's business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management's attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2018.
Media Relations – North America
Media Relations – Europe
32 (0) 2 706 9232
View original content to download multimedia:http://www.prnewswire.com/news-releases/latest-version-of-celebrated-nissan-skyline-to-feature-drivs-monroe-intelligent-suspension-technology-300968621.html