MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its previously announced offering of senior unsecured notes of $300 million at 5.375% due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in the company’s previously… Continue reading Dana Prices $300 Million in Senior Notes Offering
Category: Newswire
Lamborghini’s long shot mission to take its super fast cars into the electric age
Amborghini doesn’t just make supercars, it invented them.It’s an insane sounding technological long shot, but this technology could dramatically change the world of high performance cars — if this team of university scientists and auto company engineers can figure it out.Lamborghini’s sister brand Volkswagen — both companies are owned by the Volkswagen Group (VLKAF) — recently set a lap record for an electric car on Germany’s challenging Nurburgring race track with its ID.R electric race car.
Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021
Landmark autonomous race to take place at Indianapolis Motor Speedway in 2021. IMS, Energy Systems Network, Dallara Automobili and Clemson University join forces to power competition featuring $1 million prize. Five universities already registered to form race teams and enter the event. The birthplace of motorsports innovation soon will be home to a historic, trailblazing… Continue reading Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021
Vietnam Punishes Volkswagen for Car With Disputed China Map
Vietnam will fine Volkswagen AG’s local distributor and an importer for showcasing a car with a navigation app reflecting Chinese territorial claims rejected by Hanoi.
Kia’s Futuron Concept proposes an illuminating new design for an electric SUV coupe
With a design based around the notion of dynamic purity, the Futuron Concept merges elegant proportions with pure shapes and surfaces. Its lightweight SUV coupe body incorporates a fully-electric all-wheel drive powertrain, wrapped in bold yet modern exterior surfaces, and with a flexible, high-tech interior. The Futuron makes its public debut today at the 2019… Continue reading Kia’s Futuron Concept proposes an illuminating new design for an electric SUV coupe
German carmaker Audi to ramp up engine output in Hungary in 2020 -minister
BUDAPEST, Nov 4 (Reuters) – German premium carmaker Audi will ramp up engine output to 2.25 million units next year at its Hungarian factory, up from 1.95 million produced in 2018, Hungarian Foreign Minister Peter Szijjarto said on Monday.
Toyota Strengthens Manufacturing Organization
PLANO, Texas, Nov. 4, 2019 /PRNewswire/ — As part of its commitment to mobility and helping people find better ways to go places, Toyota Motor North America, Inc. (TMNA) today announced several changes to its organization to further improve unprecedented changes to the automotive landscape. Effective immediately, TMNA will establish a Manufacturing Project Innovation Center… Continue reading Toyota Strengthens Manufacturing Organization
Clever mobility app to become FREE NOW, be part of international group launched by Daimler and BMW
Clever’s transformation into FREE NOW will allow Romanian passengers to use a single app to find either a taxi or an alternative transport solution in Romania and over 100 cities in 9 European countries: Germany, UK, Ireland, Spain, Portugal, Italy, Poland, Austria and Sweden.Drivers will be able to increase their income through the multimodal service platform that connects them both with Romanian passengers and with foreign passengers coming to Romania for tourism or business purposes.
Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows. Total shipments of 2,474 units, up +9.4%Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currencyAdj. EBITDA of Euro 311 million, up +11.5% with an EBITDA margin of 33.9%Adj.… Continue reading Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Now officially named the C1000, this EDV was previously known as the Workhorse N-GEN, a placeholder used in reference to the Company’s overall development project. With production imminent, the Company is formally unveiling the new, clean name and look. The “C” references the vehicle’s “composite” body while the numeral indicates the cubic feet of the… Continue reading Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers