Moody’s Investors Service upgraded Lear Corporation’s (Lear) senior unsecured rating to Baa2 from Baa3, and changed the rating outlook to stable from positive. The Baa2 senior unsecured debt rating incorporates Lear’s ability to adjust to cyclical changes in auto demand due to demonstrated flexibility in its cost structure, its considerable scale and importance as a… Continue reading Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable
Category: Automotive
Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief executive should be held in contempt over one of his tweets. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in… Continue reading Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
UPDATE 1-Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief executive should be held in contempt over one of his tweets. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in… Continue reading UPDATE 1-Tesla’s Elon Musk, SEC to face off in U.S. court on April 4
Volvo Cars issues new EUR bond
VOLVO CAR AB STOCK EXCHANGE RELEASE 26 March 2019 at 17:20 CET Volvo Cars issues new EUR bond Volvo Cars has today successfully issued a EUR 600m bond under its Euro Medium Term Note programme. The bond matures in April 2024 and pays a fixed coupon of 2.125%. The issue price was 99.625,… Continue reading Volvo Cars issues new EUR bond
Driver Safety, Product Integrity and Value at the Heart of GM Fleet, GM Genuine Parts and ACDelco Initiative
Driver Safety, Product Integrity and Value at the Heart of GM Fleet, GM Genuine Parts and ACDelco Initiative 2019-03-06 INDIANAPOLIS — General Motors Co. is launching an expansive initiative to help fleet managers protect the safety of their drivers, optimize vehicle performance and reliability, and support strong resale values, the company announced today at NTEA’s The… Continue reading Driver Safety, Product Integrity and Value at the Heart of GM Fleet, GM Genuine Parts and ACDelco Initiative
Schaeffler ermöglicht „Einfach mehr Leistung“
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Car industry: Automotive supplier Stabilus brings new boss from ZF Friedrichshafen
Employees of Stabilus The auto parts supplier gets a new boss. (Photo: Getty Images) KoblenzThe car supplier Stabilus has been looking for a new boss. The 44-year-old Michael Büchsner should in the third quarter, but no later than October 1, the post of CEO Stabilus take over, the company listed in the SDax on Tuesday… Continue reading Car industry: Automotive supplier Stabilus brings new boss from ZF Friedrichshafen
Volvo to boost plug-in hybrid production to 25 percent of fleet
2020 Volvo XC90
While other automakers are moving away from plug-in hybrids to electric powertrains, Volvo is finding unexpected success with its lineup of plug-in hybrids.
At a recent roundtable with journalists in Sweden, Volvo CEO Hakan Samuelsson said the company is disappointed that it underestimated demand for its plug-in hybrids.
DON'T MISS: Volvo XC90, XC60 T8 plug-in hybrids add electric miles for 2020
“We are not happy because we could sell more [plug-in hybrids],” he said, according to Automotive News (subscription required.) “We underestimated the demand.” He said the company did not have a big enough supply of batteries, motors, and other electrical components to build more of its plug-in hybrids, which sell for about 30 percent more than non-hybrid versions of the cars.
Samuelsson said the company will boost its capacity for those plug-in hybrid components for 2019, from its current 10 or 15 percent worldwide, up to 25 percent of its sales.
READ THIS: Audi plans new plug-in hybrid Q5, A6, A7, and A8 for Geneva reveal
Last year in the U.S., Volvo sold a little less than 1,500 XC90 T8 PHEVs, a little more than 2,100 XC60 T8 PHEVs, and fewer than 500 S90 T8 sedans, but it sold almost 27,000 plug-in hybrids in Europe, combined.
At the same time, the company announced an upgrade to upcoming XC60 and XC90 T8 hybrids to boost their plug-in range by about 15 percent.
CHECK OUT: Fiat Chrysler lays groundwork to build electrified Jeep models
The new models haven't been rated by the EPA, but current models have an estimated 17 miles of electric range, which would put the new ones up around 20 miles. The Volvos use a 2.0-liter turbo-4 and an 8-speed automatic transmission to drive the front wheels, and an electric motor to provide another 87 horsepower and 177 pound-feet of torque to the rear wheels.
Volvo also announced a new B5 line of mild-hybrid SUVs for Europe.
Other automakers, such as Audi, BMW, and Jeep have also announced plans to boost their lineups of plug-in hybrid SUVs, earlier this month at the Geneva auto show, so the new Volvos will have plenty of competition.
Groupe PSA 2018 Registration Document
Groupe PSA announces the publication of its 2018 Registration Document. The latter has been filed with the French Autorité des Marchés Financiers (AMF) and registered under D.19-0201, on March 26, 2019. The 2018 Registration Document is available on the Group’s web site www.groupe-psa.com/en, in its “Regulated Information” section. This report is also available to the… Continue reading Groupe PSA 2018 Registration Document
China Evergrande says diversification complete, eyes top electric vehicle spot
Minister for IT, Rohan Khaunte, on Saturday said that the ministry planned to formulate dedicated policies for ESDM and electric vehicles which could see the light of day in the coming year. By Clare Jim HONG KONG: China Evergrande Group wants to be a big player in the electric vehicle industry because of its potential… Continue reading China Evergrande says diversification complete, eyes top electric vehicle spot