Dana (DAN) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 56.67%. A quarter ago, it was expected that this… Continue reading Dana (DAN) Surpasses Q1 Earnings and Revenue Estimates
Author: Yarhow_Finance Online News
Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant
Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant More Auto-industry supplier BorgWarner (NYSE: BWA) said that it expects to resume limited production at a tornado-damaged South Carolina factory in early May. The factory makes critical parts for four-wheel-drive versions of pickup trucks and SUVs made by automakers including Ford (NYSE: F), Fiat… Continue reading Key Ford, Toyota Supplier BorgWarner to Reopen Tornado-Damaged South Carolina Plant
NIO Announces Entry into Definitive Agreements for Investments in NIO China
SHANGHAI, China, April 29, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today announced that it entered into definitive agreements for investments in NIO China with a group of investors (collectively, the “Strategic Investors”) led by Hefei City Construction and Investment Holding (Group)… Continue reading NIO Announces Entry into Definitive Agreements for Investments in NIO China
Edited Transcript of ALV earnings conference call or presentation 24-Apr-20 12:00pm GMT
Q1 2020 Autoliv Inc Earnings Call Stockholm Apr 24, 2020 (Thomson StreetEvents) — Edited Transcript of Autoliv Inc earnings conference call or presentation Friday, April 24, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Trapp Autoliv, Inc. – VP of IR * Fredrik Westin Autoliv, Inc. – CFO &… Continue reading Edited Transcript of ALV earnings conference call or presentation 24-Apr-20 12:00pm GMT
Dana Recognized by PACCAR for Second Consecutive Year as Top Performing Supplier for Product Development, Operations Support, and Business Alignment
MAUMEE, Ohio, April. 23, 2020 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it has been recognized by PACCAR as a 2019 Supplier Performance Management Achiever in North America, marking the second consecutive year as a recipient of the distinguished award. Suppliers are evaluated on cross-functional key performance indicators in the areas of product… Continue reading Dana Recognized by PACCAR for Second Consecutive Year as Top Performing Supplier for Product Development, Operations Support, and Business Alignment
Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call
SOUTHFIELD, Mich., April 21, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today provided an update on its liquidity position, as well as details on the Company’s first quarter 2020 earnings conference call. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) More As of the quarter ended April… Continue reading Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call
Bridgestone will close down 8 tire plants during late April-early May
TOKYO — Japanese tiremaker Bridgestone said on Monday it will suspend operations at its 11 domestic plants, including 8 tire factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic. The world’s biggest tiremaker will shut down the 8 tire plants between April 29 and May 8, including… Continue reading Bridgestone will close down 8 tire plants during late April-early May
Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions
GUELPH, ON , April 20, 2020 /CNW/ – Linamar Corporation (LNR.TO) today released commentary regarding ongoing COVID-19 related impacts to its business and provided the latest available updated industry conditions in the key Access, Agriculture and Automotive markets in which it operates. Linamar Corporation (CNW Group/Linamar Corporation) More A presentation deck highlighting the key actions,… Continue reading Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions
Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook
Moody’s Investors Service, (” Moody’s “) confirmed 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, Adient US LLC’s senior secured facilities at Ba3; and assigned a Ba3 rating to Adient US LLC’s new senior… Continue reading Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook
Adient announces intention to offer $500 million of senior secured notes
PLYMOUTH, Mich., April 20, 2020 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient US LLC, intends, subject to market and other customary conditions, to offer $500 million in aggregate principal amount of senior secured notes due 2025 (the “Notes”) in a private offering. (PRNewsfoto/Adient) More Adient intends… Continue reading Adient announces intention to offer $500 million of senior secured notes