Category: Official Press Release

@Ferrari: Ferrari N.V. places eur 150 million in bonds with u.s. Private investors, due 2032000143

Maranello (Italy), 29 July 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announced that it has completed a private placement to certain US institutional investors of EUR 150 million aggregate principal amount of 0.91% senior notes due 2032 (the “Notes”). The net proceeds from the offering will be used towards general corporate… Continue reading @Ferrari: Ferrari N.V. places eur 150 million in bonds with u.s. Private investors, due 2032000143

Visteon Announces Second-Quarter 2021 Results

Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results

World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410

Ford has been stockpiling vehicles for some time now, as the American automaker is no stranger to the global chip shortage. According to chief financial officer John Lawler, the Blue Oval still has 60,000 to 70,000 vehicles waiting for semiconductors. Once those parts are fitted, the vehicles will be ready for delivery. In early July,… Continue reading World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410

ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

DALLAS, July 29, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a report from the CEO, Randell Torno, on the company’s electric motorcycle pilot launched earlier this month.  The report is included in it’s entirety below: CEO Electric Motorcycle Pilot Report As this pilot report update is being published, I should be… Continue reading ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month

@Daimler: “Lead in Electric”: Mercedes-Benz at the IAA MOBILITY 2021

Premiere for five fully electric models Stuttgart/Munich.  At the IAA MOBILITY in Munich from 7 to 12 September, Mercedes-Benz is showcasing the full breadth of its current and future electric mobility line-up – from compact models to performance luxury saloon to multi-purpose vehicles (MPVs). The premium carmaker will use this show of strength across all… Continue reading @Daimler: “Lead in Electric”: Mercedes-Benz at the IAA MOBILITY 2021

Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America

SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with Agia Solutions, a technology system integrator serving Peru, Argentina, Chile, and Uruguay. Headquartered in Peru, Agia Solutions was established in 2007 as a technology system integrator focusing… Continue reading Quanergy and Agia Solutions Partner to Deliver LiDAR-based Solutions for Security, and Mining markets in Latin America

Flex Reports First Quarter Fiscal 2022 Results

SAN JOSE, Calif., July 29, 2021 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced results for its first quarter ended July 2, 2021. First Quarter Fiscal Year 2022 Highlights: Net Sales: $6.3 billion GAAP Income Before Income Taxes: $233 million Adjusted Operating Income: $290 million GAAP Net Income: $206 million Adjusted Net Income: $230 million GAAP Earnings… Continue reading Flex Reports First Quarter Fiscal 2022 Results

@BMW: ROLLS-ROYCE MOTOR CARS CELEBRATES SPORTING AND COUNTRY PURSUITS001329

Rolls-Royce Cullinan, the world’s pre-eminent super-luxury SUV, is the perfect vehicle for attending and enjoying pursuits in the countryside Cullinan embodies an unequalled combination of luxury, practicality and versatility Bespoke features, unique to Cullinan, ensure that clients are equipped for their adventures The ongoing success of the world’s pinnacle marque is based on an intimate… Continue reading @BMW: ROLLS-ROYCE MOTOR CARS CELEBRATES SPORTING AND COUNTRY PURSUITS001329

World NM: JLR deepens localization efforts in China with new model001407

British premium carmaker Jaguar Land Rover has launched a long wheelbase Range Rover model in China, as part of its efforts to deepen localization in the world’s largest vehicle market. The Range Rover Evoque L, produced at Chery Jaguar Land Rover Automotive in East China’s Jiangsu province, has a wheelbase 160 mm longer than the… Continue reading World NM: JLR deepens localization efforts in China with new model001407