Moody’s Investors Service confirmed the senior unsecured rating of Lear Corporation (Lear) at Baa2. The confirmation of Lear’s Baa2 senior unsecured debt rating incorporates the company’s solid competitive positions as the second largest global supplier of automotive seating and a major global supplier of electrical systems through its E-Systems segment. Go to Source
Author: Yarhow_Finance Online News
BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook
Moody’s Investors Service, (“Moody’s”) confirmed the senior unsecured rating of BorgWarner, Inc. (“BorgWarner”), at Baa1, and the short-term rating is affirmed at Prime-2. The confirmation of BorgWarner’s Baa1 ratings reflect Moody’s belief that the company’s metrics and credit profile will be solidly positioned by the second half of 2021 as global automotive production recovers from… Continue reading BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook
Hyundai Mobis Co., Ltd. — Moody’s confirms Hyundai Motor, Kia and Hyundai Mobis’ Baa1 ratings; outlook negative
Moody’s Investors Service has confirmed the Baa1 issuer ratings of Hyundai Motor Company (HMC), Kia Motors Corporation (Kia) and Hyundai Mobis Co., Ltd., as well as the Baa1 senior unsecured rating of Kia. The outlooks on all ratings have changed to negative from ratings under review. Go to Source
HELLA GmbH & Co. KGaA — Moody’s confirms Hella’s Baa1/P-2 ratings, outlook negative
Rating Action: Moody’s confirms Hella’s Baa1/P-2 ratings, outlook negative. Global Credit Research- 11 Jun 2020. Frankfurt am Main, June 11, 2020– Moody’s Investors Service, has today confirmed the long … Go to Source
Parts maker Visteon expects global auto output to plunge up to 25%
By Sanjana Shivdas June 11 (Reuters) – Major auto parts supplier Visteon Corp on Thursday forecast global production volumes for the auto industry to fall between 20% and 25% this year and warned it would be a couple of years before they returned to 2019 levels. The U.S. auto industry has been struggling to recover… Continue reading Parts maker Visteon expects global auto output to plunge up to 25%
Autoliv ASP, Inc. — Moody’s confirms Autoliv’s P-2 rating, outlook stable
Moody’s Investors Service, (“Moody’s”) has today confirmed Prime-2 (P-2) short-term rating of the commercial paper programme of Autoliv, Inc. (Autoliv, or the company). The outlook on the rating changed to stable from ratings under review. Go to Source
NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price of… Continue reading NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
Aptiv Corporation — Moody’s confirms Aptiv’s ratings at Baa2, outlook stable
Moody’s Investors Service, (“Moody’s”) has today confirmed the senior unsecured ratings of Aptiv Plc (Aptiv, or the group) at Baa2. Concurrently, Moody’s has also confirmed the senior unsecured notes issued by the group’s subsidiary Aptiv Corporation (formerly Delphi Corporation) at Baa2. The outlook on the ratings changed to stable from ratings under review. Go to… Continue reading Aptiv Corporation — Moody’s confirms Aptiv’s ratings at Baa2, outlook stable
Lamborghini sales stay hot with stock market soaring again: CEO
Lamborghini appears to be firing on close to all 12 cylinders despite the global economic downturn. With the stock market soaring again and an extremely loyal affluent customer base, perhaps that’s unsurprising. “I think what we can say today is that the first signal that we have received from our customers in our market is… Continue reading Lamborghini sales stay hot with stock market soaring again: CEO
Edited Transcript of KBX.DE earnings conference call or presentation 28-May-20 11:00am GMT
Q1 2020 Knorr Bremse AG Earnings Call Jun 1, 2020 (Thomson StreetEvents) — Edited Transcript of Knorr Bremse AG earnings conference call or presentation Thursday, May 28, 2020 at 11:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Tormod Skole-Sørensen Matas A/S – CFO * Gregers Christian Wedell-Wedellsborg Matas A/S – CEO… Continue reading Edited Transcript of KBX.DE earnings conference call or presentation 28-May-20 11:00am GMT