PLANO, Texas, Feb. 14, 2020 /PRNewswire/ — Toyota Financial Services (TFS) issued its latest unsecured Green Bond, reinforcing the company’s industry-leading commitment to the sale of environmentally friendly vehicles. Proceeds from the $750 million bond will be used to fund the acquisition of new retail installment contracts and operating lease contracts financing Toyota and Lexus… Continue reading Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability
Author: PR Newswire Online News
AAM Reports Fourth Quarter and Full Year 2019 Financial Results
DETROIT, Feb. 14, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2019. AAM also provided its full year 2020 financial outlook and 2020-2022 new business backlog. Fourth Quarter 2019 Results Sales of $1.43 billion Net loss attributable to AAM of… Continue reading AAM Reports Fourth Quarter and Full Year 2019 Financial Results
Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook
LONDON, Feb. 13, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its fourth quarter and full year 2019. Q4 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash Flow From Operations GAAP $1.1 B $(15) M (1.4)% $(0.46) $142 M… Continue reading Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook
Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
BEIJING, Feb. 11, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, announced today that Ford Motor Corporation (NYSE: F) has selected Luokung’s subsidiary eMapgo Technologies (Beijing) Co., Ltd. (“EMG”) as the only provider… Continue reading Ford Motor Corporation Selects Luokung’s Subsidiary EMG as the provider of HD Map Service for Ford China’s Autonomous Driving Project
Daimler reports full-year 2019 results
STUTTGART, Germany, Feb. 11, 2020 /PRNewswire/ — Group unit sales of 3.34 million vehicles (2018: 3.35 million) Revenue up 3% to €172.7 billion (2018: €167.4 billion) Group EBIT of €4.3 billion (2018: €11.1 billion) Adjusted Group EBIT of €10.3 billion Net profit of €2.7 billion (2018: €7.6 billion) Free cash flow industrial business of €1.4… Continue reading Daimler reports full-year 2019 results
DENSO Opens Central Technical Training Center in Maryville, Reaffirms commitment to Tennessee and Advanced Manufacturing
SOUTHFIELD, Mich., Feb. 7, 2020 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, today announced the opening of its Central Technical Training Center at its Maryville, Tennessee, facility. DENSO designed the state-of-the-art technical training center to educate its employees about the latest technologies and best practices in advanced manufacturing, a move that helps ensure… Continue reading DENSO Opens Central Technical Training Center in Maryville, Reaffirms commitment to Tennessee and Advanced Manufacturing
Lear Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Cash Dividend to $0.77 Per Share
SOUTHFIELD, Mich., Feb. 6, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has authorized an increase in the Company’s share repurchase authorization to $1.5 billion and extended the authorization period to December 31, 2022. The Board also authorized the Company’s… Continue reading Lear Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Cash Dividend to $0.77 Per Share
Lucid Motors Showcases Key Design Elements of the Lucid Air in New Video
The video shares the name of the Lucid Air’s launch edition, as well as several key design elements. Designated the “Dream Edition,” launch versions of the Lucid Air will be available in three colors, including a special color only available on Dream Edition cars. A hint of that color is shown in the video along with… Continue reading Lucid Motors Showcases Key Design Elements of the Lucid Air in New Video
Fisker Ocean at Geneva International Motor Show 2020: Award-Sweeping All-Electric Luxury SUV to Make European Debut
Production is projected to begin in Q4 2021, with high-volume deliveries of the Fisker Ocean targeted to ramp up in 2022. Global and localized supply chains secured across the U.S., Europe and China will result in more than 1 million vehicles projected to be produced between 2022 and 2027. Henrik Fisker, chairman and CEO –… Continue reading Fisker Ocean at Geneva International Motor Show 2020: Award-Sweeping All-Electric Luxury SUV to Make European Debut
FCA UAW-Represented Employees to Receive 2019 Profit Sharing Payments
AUBURN HILLS, Mich., Feb. 6, 2020 /PRNewswire/ — Payment recognizes hourly employees’ contributions to the Company Total U.S. investment grows to more than $14 billion since 2009, with nearly 30,000 jobs created to date Based on the Company’s 2019 financial performance, FCA US LLC announced today that the eligible profit sharing amount of $7,280 will… Continue reading FCA UAW-Represented Employees to Receive 2019 Profit Sharing Payments