By Geoffrey Smith Investing.com — Shares in Continental (ETR:CONG) (OTC:CTTAY) fell on Wednesday after the German-based tire giant cut its profit outlook for 2022, after COVID-related disruptions to its business in China at the end of the year caused a late slump in cash flow at one of its divisions. Continental said that its ContiTech… Continue reading Continental falls to bottom of DAX after cutting full-year profit guidance
Author: Yarhow_Finance Online News
Faurecia completes the refinancing of the HELLA acquisition
FAURECIA NANTERRE (FRANCE)JANUARY 18, 2023 FAURECIA ENTIRELY REFINANCED THE HELLA ACQUISITION THROUGH PRICING AN ADDITIONAL €250 MILLION OF SUSTAINABILITY-LINKED SENIOR NOTES Faurecia S.E., a company of the FORVIA group, announces that it has successfully priced today the New Notes, sustainability-linked 7.25% senior notes due 2026 (the “New Notes”) following a private placement arranged by BNP… Continue reading Faurecia completes the refinancing of the HELLA acquisition
UPDATE 1-Sacked GM workers in India sue company, CEO Barra for unpaid compensation
(Adds GM comment, paragraph 6) By Aditi Shah and Arpan Chaturvedi NEW DELHI, Jan 19 (Reuters) – A union in India has sued General Motors’ local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker’s struggles to exit the country years after it shuttered local… Continue reading UPDATE 1-Sacked GM workers in India sue company, CEO Barra for unpaid compensation
Sacked GM workers in India sue company, CEO Barra for unpaid compensation
By Aditi Shah and Arpan Chaturvedi NEW DELHI, Jan 19 (Reuters) – A union in India has sued General Motors’ local unit and its global CEO for failing to pay court-ordered compensation to sacked factory workers, deepening the U.S. automaker’s struggles to exit the country years after it shuttered local operations. GM stopped selling cars… Continue reading Sacked GM workers in India sue company, CEO Barra for unpaid compensation
CATL and NIO Enter Into Comprehensive Strategic Partnership
NINGDE, China, Jan. 18, 2023 /PRNewswire/ — On January 17, CATL and NIO signed a five-year comprehensive strategic cooperation agreement in the city of Ningde, Southeast China’s Fujian Province. Wei Zhu, executive president of passenger vehicle business unit of CATL, and Alan Zeng, senior vice president of NIO, signed the agreement. Dr. Robin Zeng, founder, chairman… Continue reading CATL and NIO Enter Into Comprehensive Strategic Partnership
CATL and UL Solutions Join Forces to Advance Battery Safety and Performance
CATL laboratory kicks off initiative to achieve UL Solutions Witness Test Data Program status for UL 9540A, allowing the company to offer comprehensive battery energy storage system testing. The new collaboration sets the stage to help create safer, widespread deployment of key renewable, zero-emission energy sources. NINGDE, China, Jan. 18, 2023 /PRNewswire/ — On January… Continue reading CATL and UL Solutions Join Forces to Advance Battery Safety and Performance
Magna’s ClearView™ Vision System Comes to Market on Ram Trucks
Magna International Inc. Magna ClearView™ The ClearView™ displays a customizable live video feed from multiple rear-facing cameras (image by Stellantis) Complete vision system with first-to-market features Combines interior and exterior mirrors, cameras, electronics and software Launched on Ram 2500 and 3500 Heavy Duty models AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) — Magna’s advanced ClearView™… Continue reading Magna’s ClearView™ Vision System Comes to Market on Ram Trucks
Thailand’s motor industry becomes a Japan-China battleground
Toyota Motor commemorated the 60th anniversary of its operations in Thailand last month with a massive ceremony held at a renovated national convention centre. The first Hilux truck, a 1970 Corolla and other Toyota models made in the country were on display for the 1,500 guests to see. “The future of Toyota and Thailand is… Continue reading Thailand’s motor industry becomes a Japan-China battleground
Dana Earns ‘Top Employer 2023’ Award in 12 Countries and European Region
Recognized for Exceptional People Practices and Employee Engagement MAUMEE, Ohio, Jan. 18, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that the company was recognized as a “Top Employer 2023” in 12 countries in which it operates. The company was also selected as a Top Employer across Europe due to the number of countries earning… Continue reading Dana Earns ‘Top Employer 2023’ Award in 12 Countries and European Region
Why Tesla Soared and Chinese EV Makers Dropped Tuesday
Tesla (NASDAQ: TSLA) has ruffled some investors’ feathers in recent weeks, as it has slashed prices of its electric vehicle (EV) offerings, first in China and then in Europe and the U.S. Ramifications from those moves continue to drive momentum in the stock. Today that momentum is to the upside, with Tesla stock jumping almost… Continue reading Why Tesla Soared and Chinese EV Makers Dropped Tuesday