Author: Yarhow_Finance Online News

Adient Global Holdings Ltd — Moody’s places Adient’s ratings under review for downgrade, senior secured rating downgraded to Ba3.

Rating Action: Moody’s places Adient’s ratings under review for downgrade, senior secured rating downgraded to Ba3. New York, March 25, 2020 — Moody’s Investors Service placed the ratings of Adient Global Holdings Ltd. (Adient) including Corporate Family Rating (CFR) at B2, the Probability of Default Rating at B2-PD, and the senior unsecured ratings at B3… Continue reading Adient Global Holdings Ltd — Moody’s places Adient’s ratings under review for downgrade, senior secured rating downgraded to Ba3.

BorgWarner to suspend manufacturing operations, can’t estimate COVID-19-related impact

BorgWarner Inc. said Tuesday it plans to temporarily suspend manufacturing operations, particularly in North American and Europe, citing market conditions as a result of the COVID-19 pandemic. The company said it was not able to estimate the COVID-19-related impact on 2020 results given uncertainties, but said significant reductions in automotive or truck production, which made… Continue reading BorgWarner to suspend manufacturing operations, can’t estimate COVID-19-related impact

BorgWarner Provides Business Update Related to COVID-19

AUBURN HILLS, Mich., March 24, 2020 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) (the “Company”) acknowledged that many original equipment manufacturer (“OEM”) customers have announced that they have suspended or will suspend manufacturing operations, particularly in North America and Europe, on a temporary basis due to market conditions and matters associated with COVID-19/coronavirus. Significant reductions in automotive or truck production… Continue reading BorgWarner Provides Business Update Related to COVID-19

Adient suspends FY2020 outlook due to COVID-19 uncertainty

PLYMOUTH, Mich., March 20, 2020 /PRNewswire/ — Adient, a global leader in automotive seating, today announced that it is suspending its FY2020 outlook due to the unprecedented global economic uncertainty caused by the COVID-19 pandemic. (PRNewsfoto/Adient) More Adient will provide a business update on its second quarter earnings call, scheduled for May 1, 2020. “The coronavirus… Continue reading Adient suspends FY2020 outlook due to COVID-19 uncertainty

Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit

STOCKHOLM, March 19, 2020 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced that the coronavirus (COVID-19) outbreak will likely lead to a negative effect on the Company’s operations due to how the outbreak is affecting the automotive industry in general. The extent of such negative impact remains to… Continue reading Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit

Goodyear to suspend Americas manufacturing through at least April 3 due to COVID-19

Goodyear Tire & Rubber Co. on Wednesday said it will suspend Americas manufacturing through at least April 3 because of the coronavirus pandemic. The shutdown is to begin at plants in the U.S., Mexico, Canada, Brazil, Chile, and Colombia. On Tuesday, the company announced plans to temporarily close its European tire and retread plants in… Continue reading Goodyear to suspend Americas manufacturing through at least April 3 due to COVID-19

Edited Transcript of KBX.DE earnings conference call or presentation 27-Nov-19 12:30pm GMT

Q3 2019 Knorr Bremse AG Earnings Call Mar 13, 2020 (Thomson StreetEvents) — Edited Transcript of Knorr Bremse AG earnings conference call or presentation Wednesday, November 27, 2019 at 12:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Andreas Spitzauer Knorr-Bremse Aktiengesellschaft – Head of IR * Bernd Eulitz Knorr-Bremse Aktiengesellschaft – Chairman… Continue reading Edited Transcript of KBX.DE earnings conference call or presentation 27-Nov-19 12:30pm GMT

Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-20 9:00pm GMT

Q4 2019 Linamar Corp Earnings Call GUELPH Mar 12, 2020 (Thomson StreetEvents) — Edited Transcript of Linamar Corp earnings conference call or presentation Wednesday, March 11, 2020 at 9:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Dale Schneider Linamar Corporation – CFO * Jim Jarrell Linamar Corporation – President & COO *… Continue reading Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-20 9:00pm GMT