TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

AUBURN HILLS, Michigan (June 15, 2018) — TI Group Automotive Systems, L.L.C. (“TI Automotive”) and Omega Newco Sub, Inc. (together with TI Automotive, the “Issuers”), today announced they have elected, subject to the satisfaction of the Financing Condition (as defined below), to redeem all of their outstanding 8.75% Senior Notes due 2023, CUSIP numbers 68216P… Continue reading TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (November 8, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the closing of its previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount of its outstanding 8.75% Senior Notes due 2023 (the “Notes”) and concurrent solicitation of… Continue reading TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (October 24, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the early results for the previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount (the “Maximum Tender Cap”) of its outstanding 8.75% Senior Notes due 2023 (the… Continue reading TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

Porsche Convinced It Can Its Make Fans Go Electric With Taycan

Top company exec maintains that a “Porsche will always be a Porsche,” even if it’s electric Porsche is demonstrating confidence ahead of the launch of the all-electric Taycan this year that brand loyalists won’t go screaming – or if they do, it’ll be almost silent.  “We would never come to market with a new car… Continue reading Porsche Convinced It Can Its Make Fans Go Electric With Taycan

Leaks: Tesla employees have to be silent – or leave

TeslaEmployees have apparently been contacted multiple times through social media to obtain confidential information about them. The company has warned against such skimming attempts and clarified the implications for those who can not resist. May 4, 2019, 2:15 pm, Werner Pluta Tesla boss Elon Musk: termination of employment, damages, criminal charges (Image: Frederic J. Brown… Continue reading Leaks: Tesla employees have to be silent – or leave

With license to lawn

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Kia Motors posts global sales of 251,216 vehicles in June

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Kia Motors Corporation announced its June 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 251,216 units sold, an increase of 5.9% from 2017. This marks year-on-year increase for the fourth month in a row. Overseas sales climbed 7.8% compared to the previous year, posting 205,216 units. Sales momentum was led by Kia’s SUV Lines. Sorento saw sales soar more than 40 percent compared to June 2017 with 22,832 total units. Sportage also had a strong month as sales increased 19.6% over the previous year. Sales in Korea totaled 46,000 units, representing a decrease of 2.2% compared with the same month last year. The minor drop was due to reduced working days including Local Election Day. Kia’s best-selling model in the global markets during June 2018 was the Sportage compact SUV with 45,725 units sold. The Rio subcompact sedan was the second best seller with 33,012 units sold, fol..

Meeting Jost Capito, the man behind Volkswagen’s R division

Next came a lateral move to Sauber, specifically Sauber Petronas Engineering, which was charged with moving Proton beyond its early technical alliance with Mitsubishi. Capito led development of an all-new 2.0-litre engine, and although this didn’t make production his skills at project management were noticed and he was made COO of the Sauber F1 team… Continue reading Meeting Jost Capito, the man behind Volkswagen’s R division

Gold rush in China’s electric car casino

‘,e.appendChild(e.resizeSensor),e.resizeSensor.offsetParent!==e&&(e.style.position=”relative”);var r,s,d,a,l=e.resizeSensor.childNodes[0],c=l.childNodes[0],u=e.resizeSensor.childNodes[1],h=e.offsetWidth,f=e.offsetHeight,m=function(){c.style.width=”100000px”,c.style.height=”100000px”,l.scrollLeft=1e5,l.scrollTop=1e5,u.scrollLeft=1e5,u.scrollTop=1e5};m();var p=function(){s=0,r&&(h=d,f=a,e.resizedAttached&&e.resizedAttached.call())},v=function(){d=e.offsetWidth,a=e.offsetHeight,(r=d!=h||a!=f)&&!s&&(s=t(p)),m()},y=function(e,t,n){e.attachEvent?e.attachEvent(“on”+t,n):e.addEventListener(t,n)};y(l,”scroll”,v),y(u,”scroll”,v)}}(e,o)}),this.detach=function(e){n.detach(i,e)}};return n.detach=function(t,n){e(t,function(e){e&&(e.resizedAttached&&”function”==typeof n&&(e.resizedAttached.remove(n),e.resizedAttached.length())||e.resizeSensor&&(e.contains(e.resizeSensor)&&e.removeChild(e.resizeSensor),delete e.resizeSensor,delete e.resizedAttached))})},n}),function(e,t){“function”==typeof define&&define.amd?define([“./ResizeSensor.js”],t):”object”==typeof exports?module.exports=t(require(“./ResizeSensor.js”)):(e.ElementQueries=t(e.ResizeSensor),e.ElementQueries.listen())}(“undefined”!=typeof window?window:this,function(e){var t=function(){function n(e){e||(e=document.documentElement);var t=window.getComputedStyle(e,null).fontSize;return parseFloat(t)||16}function i(e,t){var i=t.split(/d/),o=i[i.length-1];switch(t=parseFloat(t),o){case”px”:return t;case”em”:return t*n(e);case”rem”:return t*n();case”vw”:return t*document.documentElement.clientWidth/100;case”vh”:return t*document.documentElement.clientHeight/100;case”vmin”:case”vmax”:var r=document.documentElement.clientWidth/100,s=document.documentElement.clientHeight/100;return t*(0,Math[“vmin”===o?”min”:”max”])(r,s);default:return t}}function o(t,n){t.elementQueriesSetupInformation?t.elementQueriesSetupInformation.addOption(n):(t.elementQueriesSetupInformation=new function(e){this.element=e,this.options={};var t,n,o,r,s,d,a,l=0,c=0;this.addOption=function(e){var t=[e.mode,e.property,e.value].join(“,”);this.options[t]=e};var u=[“min-width”,”min-height”,”max-width”,”max-height”];this.call=function(){for(t in l=this.element.offsetWidth,c=this.element.offsetHeight,s={},this.options)this.options.hasOwnProperty(t)&&(n=this.options[t],o=i(this.element,n.value),r=”width”==n.property?l:c,a=n.mode+”-“+n.property,d=””,”min”!=n.mode||o>r||(d+=n.value),”max”!=n.mode||r>o||(d+=n.value),s[a]||(s[a]=””),d&&-1===(” “+s[a]+” “).indexOf(” “+d+” “)&&(s[a]+=” “+d));for(var e in u)u.hasOwnProperty(e)&&(s[u[e]]?this.element.setAttribute(u[e],s[u[e]].substr(1)):this.element.removeAttribute(u[e]))}}(t),t.elementQueriesSetupInformation.addOption(n),t.elementQueriesSensor=new e(t,function(){t.elementQueriesSetupInformation.call()})),t.elementQueriesSetupInformation.call(),l&&c.indexOf(t)o[e].minWidth&&(n=e);if(n||(n=s),d!=n)if(a[n])i[d].style.display=”none”,i[n].style.display=”block”,d=n;else{var l=new Image;l.onload=function(){i[n].src=r[n],i[d].style.display=”none”,i[n].style.display=”block”,a[n]=!0,d=n},l.src=r[n]}else i[n].src=r[n]}var i=[],o=[],r=[],s=0,d=-1,a=[];for(var u in t.children)if(t.children.hasOwnProperty(u)&&t.children[u].tagName&&”img”===t.children[u].tagName.toLowerCase()){i.push(t.children[u]);var h=t.children[u].getAttribute(“min-width”)||t.children[u].getAttribute(“data-min-width”),f=t.children[u].getAttribute(“data-src”)||t.children[u].getAttribute(“url”);r.push(f);var m={minWidth:h};o.push(m),h?t.children[u].style.display=”none”:(s=i.length-1,t.children[u].style.display=”block”)}d=s,t.resizeSensor=new e(t,n),n(),l&&c.push(t)}function d(e){var t,n,i,o,r,s;for(e=e.replace(/’/g,’”‘);null!==(t=h.exec(e));)for(n=t[1]+t[3],attrs=t[2];null!==(attrMatch=f.exec(attrs));)i=n,o=attrMatch[1],r=attrMatch[2],s=attrMatch[3],void 0===u[o]&&(u[o]={}),void 0===u[o][r]&&(u[o][r]={}),void 0===u[o][r][s]?u[o][r][s]=i:u[o][r][s]+=”,”+i}function… Continue reading Gold rush in China’s electric car casino

Carlos Ghosn to fight to ‘bitter end’ as ex-Nissan chairman detained for 10 days – The Guardian

Carlos Ghosn Ghosn, who can be questioned without his lawyers present, declares innocence in TV interview just before re-arrest Former Nissan chairman Carlos Ghosn has said he ‘will not be broken’ by Japanese prosecutors over claims he understated his salary. Photograph: Kazuhiro Nogi/AFP/Getty Images Carlos Ghosn will be detained for questioning for 10 days, a… Continue reading Carlos Ghosn to fight to ‘bitter end’ as ex-Nissan chairman detained for 10 days – The Guardian