– Adient to announce Q2FY20 financial results on May 5, 2020 PLYMOUTH, Mich., April 20, 2020 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today reported certain preliminary financial results for the quarter ended March 31, 2020. Revenue in Q2FY20 is expected to be approximately $3.5B versus $4.2B in Q2FY19. Q2FY20 Adjusted EBITDA is… Continue reading Adient announces preliminary Q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet
Author: Yarhow_Finance Online News
Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Shares of Goodyear Tire & Rubber & Co. dropped 4.7% in premarket trading Thursday, after the tire maker warned of a sales miss, suspended its dividend and announced payroll cost cuts that will affect more than 9,000 employees. The company said it expects first-quarter sales to fall to $3.0 billion from $3.6 billion, compared with… Continue reading Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Hyundai Mobis expands its technical center in Hyderabad, India to strengthen software development of future vehicles
It will set up the second technical center in a new IT complex near the first one in Hyderabad. Aiming to address the continuous expansion of automobile software development and secure stability Expected to strengthen its position as a software-specialized center SEOUL, South Korea, April 13, 2020 /PRNewswire/ — As part of its global R&D… Continue reading Hyundai Mobis expands its technical center in Hyderabad, India to strengthen software development of future vehicles
Lear to defer 20% of salaried employees pay, cut CEO’s salary by 10%
Lear Corp. said Friday it was implementing a temporary 20% salary deferral for all salaried employees in the U.S. and Canada. The auto parts maker said Chief Executive Ray Scott’s salary will be reduced by 10% for the rest of 2020, and other named executive officer salaries will be cut by 5%. To put Scott’s… Continue reading Lear to defer 20% of salaried employees pay, cut CEO’s salary by 10%
Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic
SOUTHFIELD, Mich., April 10, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it is taking new measures to address industry conditions created by the COVID-19 pandemic. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) More In addition to previously announced actions to further strengthen its balance sheet… Continue reading Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic
Edited Transcript of KBX.DE earnings conference call or presentation 7-Mar-19 1:00pm GMT
Preliminary 2018 Knorr Bremse AG Earnings Call Apr 7, 2020 (Thomson StreetEvents) — Edited Transcript of Knorr Bremse AG earnings conference call or presentation Thursday, March 7, 2019 at 1:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Klaus Deller * Ralph Heuwing Knorr-Bremse Aktiengesellschaft – CFO & Member of Executive Board ================================================================================… Continue reading Edited Transcript of KBX.DE earnings conference call or presentation 7-Mar-19 1:00pm GMT
NIO Inc. Provides March 2020 Delivery Update
Delivered 1,533 vehicles in March 2020 Delivered 3,838 vehicles in 2020 in total Cumulative deliveries of ES8 and ES6 reached 35,751 SHANGHAI, China, April 07, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today provided its March 2020 delivery results. NIO delivered 1,533 vehicles… Continue reading NIO Inc. Provides March 2020 Delivery Update
Edited Transcript of KBX.DE earnings conference call or presentation 11-Mar-20 12:15pm GMT
Q4 2019 Knorr Bremse AG Earnings Call Apr 3, 2020 (Thomson StreetEvents) — Edited Transcript of Knorr Bremse AG earnings conference call or presentation Wednesday, March 11, 2020 at 12:15:00pm 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 11-Mar-20 12:15pm GMT
Edited Transcript of HLE.DE earnings conference call or presentation 2-Apr-20 8:00am GMT
Q3 2020 HELLA GmbH & Co KgaA Earnings Call Lippstadt Apr 2, 2020 (Thomson StreetEvents) — Edited Transcript of HELLA GmbH & Co KgaA earnings conference call or presentation Thursday, April 2, 2020 at 8:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Rolf Breidenbach HELLA GmbH & Co. KGaA – Chairman of… Continue reading Edited Transcript of HLE.DE earnings conference call or presentation 2-Apr-20 8:00am GMT
Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View