Tesla’s high-yield bond leaped to its highest levels ever on Wednesday, trading at face value for the first time since its issuance in 2017.A bond’s face value is the amount due to the bondholder once the debt reaches maturity.Tesla has 10 “buy” ratings, 11 “hold” ratings, and 15 “sell” ratings from analysts.
Author: World_Newz Mon
Debrecen BMW to recruit locally in spring
Debrecen BMW to recruit locally in spring Budapest Business Journal | Jan 9, 2020 at 9:00 AM An assembly line may include internal combustion models, plug-in hybrids or even electric models, penzcentrum.hu adds.
New managing director at Ford Hungary
During his career at the company, he managed Fordʼs Romanian subsidiary, and Fordʼs European pricing center in Szentendre, where he headed one of the organizationʼs largest pricing teams, serving all European markets.
Liberty House to cut 355 jobs in UK steelmaking plants
…plant, which focuses on speciality steels. Seventy workers at the Newport plant, which produces hot rolled coil for construction and automotive companies, will also be let go, according to two people…
FAW Group to introduce electric models of Chairman Mao’s favourite car
FAW Group to introduce electric models of Chairman Mao’s favourite car South China Morning Post | Jan 9, 2020 at 4:04 AM Red Flag, first developed by FAW Group in 1958, will introduce 21 models over the next five years, 18 of them electric.
Rolls Royce no longer just for chauffeured CEOs as custom-made SUVs attract celebrities and influencers who get rich younger
Most Rolls-Royce owners used to be captains of industry, in their mid-fifties, and driven around by a chauffeur.As a result, the average age of buyers is down 13 years on a decade ago, when Mr Müller-Ötvös became head of the BMW-owned business.Named after the largest diamond ever found, the Cullinan accounted for 40 per cent of all its cars sold in 2019 – its first full year on the market.
Daimler chairman calls for ‘universal CO2 tax’
By Nam Hyun-woo LAS VEGAS ― Daimler AG Chairman and CEO Ola Kallenius called for additional taxation for CO2 which is “universal across industries” as it would be the most economical way to solve global problems stemming from carbon emissions.The new Mercedes-Benz head took the assessment after the German luxury car brand presented its new policy to pursue “sustainable luxury,” by “decoupling volume growth from resource consumption.”Kallenius admitted that pursuing an eco-friendly business is not free from financial pressures.
2020 Hyundai Creta to be launched in India in mid-March
For all those who have been eagerly waiting to bring home the 2020 Hyundai Creta, there is a piece of good news related to its launch.It has been facing stiff competition from the likes of Kia Seltos and MG Hector of late.Now, the Seltos comes with three BS6 engine choices — 1.5-litre petrol (115 PS and 144 Nm), 1.5-litre VGT diesel (115 PS and 250 Nm) and 1.4-litre Turbo GDI petrol (140 PS and 242 Nm).
Carmaker Bentley returns to profitability as sales rise in 2019
LONDON, Jan 7 (Reuters) – British luxury carmaker Bentley returned to profitability in 2019, helped by a 5% sales increase after a strong performance in Europe and the Americas, the Volkswagen-owned brand said on Tuesday.
Sales reached 11,006 vehicles last year, boosted by the new Continental GT Convertible model and a series of derivatives and limited edition models.
“This result secures Bentley's return to profitability, demonstrates the successful implementation of our turnaround, and sends a clear signal for the potential of Bentley for 2020,” said Chief Executive Adrian Hallmark.
The firm did not disclose its profit figure for the year but in the first nine months of 2019, operating profit stood at 65 million euros ($73 million), according to previously released figures from Volkswagen.
In 2018, the marque reported a loss of 288 million euros due to delays in the start of the Continental GT model and the effect of exchange rates.
Sales in China fell by just over 12% to 1,940 ..
Volvo aims to sell 12,000 vehicles in S. Korea this year
Volvo Cars Korea said Tuesday it aims to sell 12,000 vehicles this year on higher demand for its SUVs.Volvo had a stellar performance compared with its bigger rivals, including BMW, Volkswagen and Toyota Motors Corp..