It’s been a while since we’ve heard anything from British boutique automaker Noble, maker of hardcore performance cars like the current M600. But the company is back with a new supercar called the M500, which Noble described on Twitter as a “friendlier little brother to the M600.” But only a little friendlier. The M500 will… Continue reading Noble M500 borrows its engine from the Ford GT, headlights from the Corvette
Category: Automotive
Ford to launch new basic SUV as part of China revival effort
BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading Ford to launch new basic SUV as part of China revival effort
UPDATE 1-Ford to launch new basic SUV as part of China revival effort
BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort
Inside Tesla’s troubled New York solar factory
SAN FRANCISCO/LOS ANGELES (Reuters) – Tesla Inc’s (TSLA.O) production of solar roof tiles has been delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, eight former and current employees of both companies told Reuters. A sign is seen outside the… Continue reading Inside Tesla’s troubled New York solar factory
Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
NEW YORK, Aug 7 (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. The 11 percent jump in Tesla’s stock price following Musk’s public musings on possibly buying the company from existing shareholders drove $2.3 billion… Continue reading Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
Elon Musk explains why taking Tesla private is ‘the best path forward’
Earlier today, Tesla CEO Elon Musk tweeted about how he’s considering taking Tesla private. Now, Tesla has published an email Musk sent to employees today that describes his rationale. However, no decision has been made yet, Musk wrote in the email. Musk says it’s “the best path forward” because taking Tesla private would help minimize… Continue reading Elon Musk explains why taking Tesla private is ‘the best path forward’
SHARE CAPITAL REDUCTION OF 0.74% THROUGH THE CANCELLATION OF TREASURY STOCK
The Board of Directors of Compagnie Plastic Omnium, representing 0.74% of the share capital of the company. This operation was completed today. As a result of this operation, the share capital of Compagnie Plastic Omnium is reduced from 150,976,720 ordinary shares to 149,866,107 ordinary shares with a value of € 0.06, ie. an amount of… Continue reading SHARE CAPITAL REDUCTION OF 0.74% THROUGH THE CANCELLATION OF TREASURY STOCK
First-half 2018: Further improvement in results
Major strategic advancesProposed disposal of the business environment Plastic Omnium, an innovative company employing more than 3,200 engineers in 24 R & D centers worldwide, dedicates 6.4% of revenue to Research & Development, supplemented by a further 1.5% on investment in technologies. Over the next two years, the Group will allocate 1.2 billion euros in… Continue reading First-half 2018: Further improvement in results
Proposed sale of the business environment
On July 19, 2018, Compagnie Plastic Omnium signed with the consortium made up of Latour Capital and Bpifrance (Public Investment Bank) for the sale of its subsidiary Plastic Omnium Environment BV. The closing of this operation is expected by the end of 2018. The Environment business – which is Plastic Omnium’s founding business – is… Continue reading Proposed sale of the business environment
Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules
The German Group, Mahle’s 33.33% equity investment in the joint venture, HBPO, up to now held by Plastic Omnium, Hella and Mahle-Behr. Plastic Omnium now owns 66.66% of HBPO.This acquisition was signed for an enterprise value of € 350M, financed by the Group’s own resources.HBPO is the world leader in the development, assembly and logistics… Continue reading Plastic Omnium finalizes its reinforced stake in HBPO, world leader in front-end modules