Tsakos Energy Navigation Ltd. - TEN STOCK NEWS

Tenneco has announced its collaboration with Mercedes-AMG for the 2022 SL-Class roadsters, integrating its advanced CVSA2 suspension technologies. The SL 43 and 55 models will feature CVSA2 semi-active suspension, while the SL 63 will include the enhanced CVSA2/Kinetic system. Both systems enhance driving performance and comfort through sophisticated data monitoring. This project underscores Tenneco's commitment to innovation in automotive technology, leveraging its manufacturing capabilities in Gliwice, Poland. In 2021, Tenneco reported revenues of $18 billion.

Tenneco (NYSE: TEN) reported Q1 2022 results showing total revenue of $4.6 billion, a 2% decline from last year. Value-add revenue remained flat at $3.6 billion despite a negative currency impact of $100 million. EBIT decreased to $77 million from $204 million in Q1 2021, with adjusted EBITDA at $253 million. The net loss was $38 million, equating to $0.46 per diluted share, a drop from a net income of $65 million last year. The company maintains liquidity of $2.1 billion.

Monroe, a brand of Tenneco, has announced new part numbers for its Quick-Strut assemblies and OESpectrum shocks, enhancing product coverage to over 4.2 million vehicles. This includes coverage for popular cars like the Chevrolet Cruze and Malibu, and Hyundai Santa Fe. The Quick-Strut assemblies feature durability-tested designs, with coil springs stronger than competitors. Monroe’s products, offering improved ride quality and performance, are available in the U.S. and Canada, and are supported by a limited lifetime warranty.

Tenneco (NYSE: TEN) has introduced innovative hybrid friction material composites designed for both internal combustion engine (ICE) and electric vehicles (EVs). This advanced material combines low steel (LS) and non-asbestos-organic (NAO) composites, providing superior braking performance and comfort. The new product aims to address the demands of a shifting automotive market, particularly in the growing e-mobility sector. Tenneco's facility in Chongqing, China, is currently in series production, with additional projects underway in Europe.

Rancho, a brand under Tenneco (NYSE: TEN), will participate in the 56th Easter Jeep Safari in Moab, Utah, from April 9 to April 17, 2022. The brand will sponsor trail runs and showcase its latest suspension products, including the RS7MT shock absorber and steering stabilizer, at the Vendor Show on April 14-15. These products are designed for enhanced vehicle control and durability, supporting off-road driving and towing applications. Tenneco reported $18 billion in revenue for 2021, indicating significant market presence.

Tenneco (NYSE: TEN) has announced that the fourth generation Mercedes-Benz C-Class will feature its new Monroe OE Solutions MCx valving system, enhancing vehicle comfort and control. The MCx valve allows independent tuning in rebound and compression, improving ride quality by addressing low-velocity vibrations. Produced in Poland and China, this technology aims to set new standards in passive damper performance. Tenneco reported full-year 2021 revenues of $18 billion, underscoring its strong market position in automotive solutions.

MOOG, a leading steering and suspension brand from Tenneco's DRiV group, announced enhancements to its Premium control arms (RK part number prefix). Key innovations include induction-hardened studs and carbon fiber-reinforced bearings, which improve strength and reduce friction. These enhancements boost structural strength and increase contaminant resistance. Additionally, many control arms come with all necessary installation hardware and a laser-etched product ID. Tenneco reported $18 billion in revenues for 2021, underscoring its strong market position.

Tenneco (NYSE: TEN) highlights the increasing demand for advanced suspension systems in light trucks and SUVs, addressing both internal combustion and electric vehicles. Their Advanced Suspension Technologies (AST) business offers semi-active suspension solutions, such as the CVSA2/Kinetic technology, designed for enhanced on- and off-road performance. The technology reduces vehicle weight and power requirements, catering to the rising market for off-road-ready vehicles. With 2021 revenues of $18 billion, Tenneco remains a key player in automotive innovation.

Tenneco (NYSE: TEN) has been honored as a Supplier of the Year by General Motors for the fifth consecutive year. This accolade was awarded during GM's 30th annual Supplier of the Year ceremony held in Phoenix, Arizona. Tenneco's Powertrain Business Group received the recognition in the Connecting Rods & Pistons category for the third successive year. GM acknowledged 134 suppliers for their exceptional performance, highlighting Tenneco's commitment to innovation and quality in an industry facing numerous challenges.