SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Xpeng Motors has raised an additional $300 million from investors including Qatar’s sovereign wealth fund, people familiar with the matter said. FILE PHOTO: XPeng’s electric vehicle (EV) P7 is unveiled during the media day for the Shanghai auto show, China, April 16, 2019. REUTERS/Aly Song/File Photo As… Continue reading Chinese electric vehicle maker Xpeng raises another $300 million, sources say
Category: Automotive
The essential solutions every fleet manager should know in 2020
COVID-19 is affecting fleets around the globe. HERE360 discusses four essential location-based tools helping fleet managers stay safe and on the road. The impact of coronavirus on the logistics industry is dramatic. While some fleet managers struggle to maintain efficiency in the midst of closed borders, others in industries such as food delivery and the… Continue reading The essential solutions every fleet manager should know in 2020
Ford will defer some quarterly payments on U.S. Energy Department loan
FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir (Reuters) – Ford Motor Co (F.N) said on Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan, but added it will repay the loan on time by… Continue reading Ford will defer some quarterly payments on U.S. Energy Department loan
Fiat Chrysler limits COVID losses, sees much better second half
MILAN (Reuters) – A small profit in North America helped Fiat Chrysler Automobiles (FCA) to limit losses from the COVID-19 crisis in its second quarter, and the automaker forecast a “much, much better second half” ahead of its planned 2021 merger with France’s PSA Group. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading Fiat Chrysler limits COVID losses, sees much better second half
GOODYEAR REPORTS SECOND QUARTER, FIRST HALF 2020 RESULTSJul 31, 2020AKRON, Ohio, July 31, 2020 – The Goodyear Tire & Rubber Company today reported res…
– First half results significantly affected by COVID-19 pandemic – Second quarter cash flow significantly better than expected – Strong cash and liquidity position maintained; $3.9 billion available at quarter end – Volume trends in key markets improved throughout the second quarter; China consumer replacement volume increased year-over-year in both May and June – Phased… Continue reading GOODYEAR REPORTS SECOND QUARTER, FIRST HALF 2020 RESULTSJul 31, 2020AKRON, Ohio, July 31, 2020 – The Goodyear Tire & Rubber Company today reported res…
‘Jetson Bill’ Will Help Samson Flying Car Share the Road
REDMOND, Ore., July 31, 2020 /PRNewswire/ — The Samson Sky Switchblade and other new flying cars were given a big assist when New Hampshire Governor, Chris Sununu, gave his signature to what has been nicknamed the Jetson Bill, along with other transportation legislation included in a large transportation package passed just recently. Continue Reading Flying Cars… Continue reading ‘Jetson Bill’ Will Help Samson Flying Car Share the Road
AAM Reports Second Quarter 2020 Financial Results
DETROIT, July 31, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the second quarter 2020. Second Quarter 2020 Results Sales of $515.3 million Net loss attributable to AAM of $(213.2) million, or (41.4)% of sales Adjusted EBITDA of $(52.1) million, or (10.1)% of sales Diluted loss… Continue reading AAM Reports Second Quarter 2020 Financial Results
Goodyear Reports Second Quarter, First Half 2020 Results
AKRON, Ohio, July 31, 2020 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2020. “Although our first half results were greatly affected by difficult industry conditions as a result of the ongoing COVID-19 pandemic, the decisive actions we took to safeguard our business… Continue reading Goodyear Reports Second Quarter, First Half 2020 Results
Ampere Electric partners with OTO Capital for vehicle leasing plans
An Ampere Zeal model that would cost Rs 3,020 using other financial means can now be availed at an OMI (Ownership Monthly Instalment) of Rs 2,220. New Delhi: Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, on Friday announced its partnership with OTO Capital to offer vehicle leasing plans for buyers. As… Continue reading Ampere Electric partners with OTO Capital for vehicle leasing plans
North America helps Fiat Chrysler to limit COVID losses
MILAN/DETROIT (Reuters) – Italian-American automaker Fiat Chrysler Automobiles (FCA) posted a smaller-than-expected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID-19 pandemic. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May… Continue reading North America helps Fiat Chrysler to limit COVID losses