Moody’s Investors Service has affirmed the Baa2 issuer rating of Beijing Automotive Group Co., Ltd. (BAIC Group), and the Baa2 senior unsecured rating on the bonds issued by BAIC Inalfa HK Investment Co., Limited and guaranteed by BAIC Group. At the same time, Moody’s has changed the outlook on the ratings above to negative from… Continue reading BAIC Inalfa HK Investment Co., Limited — Moody’s affirms Beijing Automotive Group’s Baa2 ratings; revises outlook to negative
Author: Yarhow_Finance Online News
China’s BAIC buys 5% Daimler stake to cement alliance
View photosThe logo of Beijing Automotive Group (BAIC) is pictured at its booth during the Auto China 2016 auto show in BeijingMore By Edward Taylor and Yilei Sun FRANKFURT/BEIJING (Reuters) – China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China’s Geely emerged as a… Continue reading China’s BAIC buys 5% Daimler stake to cement alliance
GM’s Biggest Chinese Ally Braces For First Annual Sales Dip
(Bloomberg) — SAIC Motor Corp. expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter.The Shanghai-based company, Volkswagen AG and General Motors Co.’s biggest auto-making partner in China,… Continue reading GM’s Biggest Chinese Ally Braces For First Annual Sales Dip
Eaton Acquires Innovative Switchgear Solutions
DUBLIN–(BUSINESS WIRE)– Power management company Eaton (ETN) today announced it has completed the acquisition of Innovative Switchgear Solutions, Inc. (ISG), a specialty manufacturer of medium-voltage electrical equipment serving the North American utility, commercial and industrial markets. Terms of the transaction were not disclosed. “This acquisition complements our portfolio of medium-voltage switchgear solutions,” said Brian Brickhouse,… Continue reading Eaton Acquires Innovative Switchgear Solutions
Europe Thinks Like China in Building Its Own Battery Industry
The European Union is starting to act like China when it comes to building the batteries that will drive the next generation of cars and trucks. In the past few months, government officials led by European Commission Vice President Maros Sefcovic have joined with manufacturers, development banks and commercial lenders on measures that will channel… Continue reading Europe Thinks Like China in Building Its Own Battery Industry
Dana Incorporated Reduces Pension Liabilities while Fulfilling Benefit Obligations
– Annuity purchase agreements fully fund largest U.S. pension plan, eliminate associated liabilities, including nearly $166 million unfunded obligation – Investment-grade insurers to administer plan and pay future benefits – Transaction enhances Dana’s credit profile and further improves balance sheet MAUMEE, Ohio, June 24, 2019 /PRNewswire/ — Dana Incorporated (DAN) today announced that the company has… Continue reading Dana Incorporated Reduces Pension Liabilities while Fulfilling Benefit Obligations
Magna Introduces FreeForm Seat Trim Technology
Sculpted, seamless styling surface with endless design possibilitiesIdeal for conveying automakers’ distinct brand valuesImproved seat comfort with surfaces and contours that hug the human shape TROY, Mich., June 13, 2019 (GLOBE NEWSWIRE) — Automotive seat design has become a crucial consideration for automakers as consumers spend more time in their vehicles, and as interior comfort… Continue reading Magna Introduces FreeForm Seat Trim Technology
Magna Celebrates Manufacturing Milestone
Shelby Foam Systems has made 50 million seat foam pads since starting in 2010Plant focuses on best practices, innovation and sustainable manufacturingDedicated team embodies Magna’s company culture TROY, Mich., June 13, 2019 (GLOBE NEWSWIRE) — For the extended amount of time people spend in their cars, it could be considered a second home to most.… Continue reading Magna Celebrates Manufacturing Milestone
Edited Transcript of CON.DE earnings conference call or presentation 2-Mar-17 8:30am GMT
Full Year 2016 Continental AG Earnings Press Conference Hanover Jun 12, 2019 (Thomson StreetEvents) — Edited Transcript of Continental AG earnings conference call or presentation Thursday, March 2, 2017 at 8:30:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Elmar Degenhart Continental Aktiengesellschaft – Chairman of the Executive Board & CEO * Wolfgang… Continue reading Edited Transcript of CON.DE earnings conference call or presentation 2-Mar-17 8:30am GMT
Edited Transcript of ZIL2.DE earnings conference call or presentation 7-May-19 12:00pm GMT
Q1 2019 Elringklinger AG Earnings Call Dettingen/Erms Jun 2, 2019 (Thomson StreetEvents) — Edited Transcript of ElringKlinger AG earnings conference call or presentation Tuesday, May 7, 2019 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Stefan Wolf ElringKlinger AG – Chairman of the Management Board & CEO * Thomas Jessulat ElringKlinger… Continue reading Edited Transcript of ZIL2.DE earnings conference call or presentation 7-May-19 12:00pm GMT