Category: Automotive

Axalta Releases Fourth Quarter and Full Year 2021 Results

GLEN MILLS, Pa., Jan. 31, 2022 /PRNewswire/ — Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2021. Fourth Quarter 2021 Highlights Net sales of $1,137.2 million increased 5.8% year-over-year; ongoing Performance Coatings growth including fifth consecutive quarter of year-over-year Industrial… Continue reading Axalta Releases Fourth Quarter and Full Year 2021 Results

Tesla has a new feature that will disable your seat controls if you keep messing with them

Tesla’s new vehicles rolling out of the factory will include a bizarre feature designed to prevent abuse of the seat adjustment controls. The new seats will track and measure the amount of adjustments users make and will disable the controls if they detect “excessive” changes. The feature was first identified by @greentheonly, an anonymous hacker… Continue reading Tesla has a new feature that will disable your seat controls if you keep messing with them

Used car values to remain ‘buoyant’ over coming year

Used car values are set to ‘remain buoyant’ over the next 12 months and to remain robust over the next four years. That’s the view of Paragon Bank Motor Finance managing director Julian Rance who said the outlook was positive following an amazing 2021. “I have never seen used cars grow in value to the… Continue reading Used car values to remain ‘buoyant’ over coming year

Grey still UK’s favourite new car colour despite record numbers switching to ‘greener’ vehicles

Grey is the UK’s most popular new car colour for fourth consecutive year, followed by black and white to complete the monochrome set. Blue edges closer to top three but appetite for niche paints gold, yellow, turquoise and green grow fastest. Green also boosts under-bonnet appeal as drivers switch to electric vehicles in record numbers,… Continue reading Grey still UK’s favourite new car colour despite record numbers switching to ‘greener’ vehicles

Proterra to deploy solar and battery storage microgrid for electric bus fleet

Proterra and Scale Microgrid Solutions are collaborating to install a microgrid and EV fleet charging system for the Santa Clara Valley Transportation Authority (VTA). The project, which just secured a grant from the California Energy Commission, includes solar panels and a battery energy storage system. In the event of an extended power outage, electricity stored… Continue reading Proterra to deploy solar and battery storage microgrid for electric bus fleet

@Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200

Texte Faurecia acquired today a total of c. 79.5% of the shares in Hella including: 60% of Hella shares from the pool of family shareholders, paid for c. 52.1% in cash and for c. 7.9% in newly issued Faurecia shares [1] c. 19.5% as part of the settlement of the public takeover offer ended on… Continue reading @Groupe PSA: PR Faurecia announces the completion of the acquisition of Hella, creating the world’s seventh largest automotive supplier003200

@Groupe PSA: PR Information on the suspension of trading of the Faurecia stock003199

Chapô At Faurecia’s request, Euronext will suspend the trading of the stock (ISIN FR0000121147), as of today at market opening until the company issues a press release, in order to finalize the operations related to the expected completion of the acquisition of HELLA (project announced on August 14, 2021). Go to Source

@Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198

Texte Following this last approval from regulatory authorities, all conditions precedent are now satisfied for the completion of the transaction with the Hueck Family pool announced on August 14, 2021 and for the settlement of the public takeover offer on Hella. Faurecia will acquire a total of c. 79.5% of shares in Hella including: 60%… Continue reading @Groupe PSA: PR All conditions for the acquisition of a majority stake by Faurecia in Hella are now satisfied003198