Category: Official Press Release

Allison Transmission Closes $500 Million Senior Notes Offering

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings, Inc. (NYSE: ALSN) (“Allison” or the “Company”) today announced that its wholly owned subsidiary, Allison Transmission, Inc. (the “Issuer”), completed its previously announced offering of $500 million in aggregate principal amount of 5.875% Senior Notes due 2029 (the “Notes”) in a private placement (the “Offering”) exempt from registration under the Securities… Continue reading Allison Transmission Closes $500 Million Senior Notes Offering

Ford Takes Further Actions to Improve European Business; Confirms End of Ford C-MAX Production at Saarlouis

Ford-Werke GmbH Supervisory Board approves measures to create a sustainably profitable business in Germany and Europe, including ceasing production of FordC-MAX and Grand C-MAX MAV at Saarlouis by end June 2019 Cessation of night-shift and move to two-shift operating pattern will reduce structural cost and increase efficiency, supporting Ford’s transformation strategy aimed at near-term profitability… Continue reading Ford Takes Further Actions to Improve European Business; Confirms End of Ford C-MAX Production at Saarlouis

Magna Posts 2018 Annual Report

AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2018 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com.  Magna has also filed these documents with the… Continue reading Magna Posts 2018 Annual Report

ROLLS-ROYCE MOTOR CARS ANNOUNCES NEW HEAD OF DESIGN

Rolls-Royce Motor Cars has announced that Jozef Kabaň has been appointed Head of Design. Kabaň, 46, is an experienced and talented designer, having spent the majority of his career at a senior level in automotive design. Kabaň joins Rolls-Royce Motor Cars from the BMW Group where he has been Head of Design Studio BMW since… Continue reading ROLLS-ROYCE MOTOR CARS ANNOUNCES NEW HEAD OF DESIGN

Sustainable structures for the future: Realignment of BMW Group Design.

Munich. The BMW Group is reorganising its Design division and taking the next step towards sustainable, leaner structures. Jozef Kaban, previously head of the BMW core brand design, will take over Rolls-Royce brand design, effective 1 April 2019. Domagoj Dukec, previously head of BMW i and BMW M design, will assume design responsibility for the… Continue reading Sustainable structures for the future: Realignment of BMW Group Design.

Nissan accelerates corporate governance improvements

YOKOHAMA, Japan – Nissan Motor Co., Ltd.’s board of directors decided today to accelerate the company’s transition to a three statutory-committee format. The format is one of the recommendations of the Special Committee for Improving Governance delivered on March 27. Nissan sees building the best possible corporate governance structure as an urgent task and is… Continue reading Nissan accelerates corporate governance improvements

Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems

AURORA, Ontario, March 29, 2019 (GLOBE NEWSWIRE) — Magna announced today that it has completed the sale of its Fluid Pressure & Controls (FP&C) business to Hanon Systems, a South Korea-based global supplier of thermal and energy management systems, as previously announced.INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com, (+1) 905.726.7035MEDIA CONTACTTracy Fuerst, Global Director of Corporate… Continue reading Magna Closes Sale of Fluid Pressure & Controls Business to Hanon Systems