Amberg, February 25, 2020 – Grammer AG has placed its long-term group funding operations on a solid basis with a new syndicated loan. The syndicated loan consists of two tranches. Tranche A is composed of a credit facility of EUR 150 million for a period of five years plus two one-year renewal options. This tranche… Continue reading Grammer AG completes refinancing ahead of schedule in a demanding market environment
Category: Newswire
HERE and Cerence bring more personalized, contextualized in-car experiences to drivers worldwide
February 24, 2020 Amsterdam and Burlington, Mass. – Cerence Inc., the global industry leader in creating unique, moving experiences for the automotive world, and HERE Technologies, a global leader in mapping and location platform services, today announced that they have teamed up to integrate HERE location intelligence with the Cerence Drive portfolio to bring advanced AI-powered mobility… Continue reading HERE and Cerence bring more personalized, contextualized in-car experiences to drivers worldwide
Meritor Announces Drivetrain on Demand
TROY, Mich., Feb. 24, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced the launch of Drivetrain on Demand that offers simplified ordering processes for U.S. and Canadian customers requiring fast replacement of driveshaft and differential assemblies. “By streamlining the ordering process and shipping the product within 24 hours, Drivetrain on Demand helps get vehicles in truck-down… Continue reading Meritor Announces Drivetrain on Demand
Lucid Motors Announces Partnership with LG Chem that Secures Battery Cells for Long-Term Volume Production of the Lucid Air
Full production of the Lucid Air is expected to start in late 2020 in Lucid’s new state-of-the-art factory in Casa Grande, AZ, with LG Chem battery cells exclusively powering standard versions of this luxury EV through 2023. The advanced battery cells provided by LG Chem effectively allow Lucid to lock in core volume production forecasts… Continue reading Lucid Motors Announces Partnership with LG Chem that Secures Battery Cells for Long-Term Volume Production of the Lucid Air
Over 60 percent of auto businesses resume operations
Over half of the companies in China’s auto industry are resuming production in the country as the number of confirmed cases of the novel coronavirus each day continues to decline.The electric carmaker restarted production in Shanghai on Feb 10.French tire maker Michelin resumed production on Feb 10 at its plants in Shanghai and Shenyang, Liaoning province.
Daimler Warns Germany May Get Tougher on Mercedes Diesel Cars
Daimler AG is warning of a further crackdown on Mercedes-Benz diesel vehicles in Germany, after mounting legal and regulatory costs already crimped profits last year.
Autoliv Publishes 2019 Annual Report on Form 10-K and Sustainability Report
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has today filed its 2019 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The Form 10-K is available at the SEC Edgar website: www.sec.gov and on Autoliv’s corporate website autoliv.com. Autoliv also… Continue reading Autoliv Publishes 2019 Annual Report on Form 10-K and Sustainability Report
Veoneer Publishes 2019 Annual Report on Form 10-K
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ — Veoneer, a world-wide leader in autotech, has filed its 2019 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The 2019 Annual Report on Form 10-K is available at the SEC Edgar website: www.sec.gov and on Veoneer’s web site veoneer.com. The information regarding publication of our… Continue reading Veoneer Publishes 2019 Annual Report on Form 10-K
Kia to recall 228,000 Sedona, Sorento models in U.S.
Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it will voluntarily recall more than 228,000 recreation vehicle models in the United States from April.The problem involves moisture that may get into the anti-lock brake system’s electronics, potentially causing an electrical short circuit and increasing the risk of an engine compartment fire.The Sedona is sold as Carnival in South Korea.
Lear Announces Pricing of $650 Million Senior Notes Offering
SOUTHFIELD, Mich., Feb. 20, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced today that it priced an underwritten public offering of $350 million in aggregate principal amount of 3.50% senior unsecured notes due 2030 and an additional offering of $300 million in aggregate principal amount of… Continue reading Lear Announces Pricing of $650 Million Senior Notes Offering