Hyundai is halting production at one of its factories again due to a shortage of parts supplied from China due to the coronavirus outbreak.The Ulsan plant earlier halted production from Feb. 5-12 due to a stoppage in supplies from China of cable harnesses, a bundle of wires that connect various circuits in a car.Other automakers here have also been forced to idle many assembly lines since parts supplies from China have been disrupted due to the coronavirus outbreak there.
Category: Newswire
Autoliv Releases Joint Working Group Recommendations to Improve Road Safety in India
STOCKHOLM, Sweden, Feb. 18, 2020 /PRNewswire/ — Autoliv Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, releases a series of recommendations to improve road safety in India. The recommendations have been developed in cooperation with the Indian government, local authorities, and stakeholders. India has one of the largest road networks in… Continue reading Autoliv Releases Joint Working Group Recommendations to Improve Road Safety in India
Atlis Motor Vehicles to Host First “Battery Day” on February 21, 2020
MESA, Ariz., Feb. 17, 2020 /PRNewswire/ — Today, Atlis Motor Vehicles, electric vehicle technology startup, announced their first Atlis Battery Day, where they will showcase early prototypes of their proprietary ultra-fast charging battery technology and 100% electric XP Platform. Continue Reading Atlis XP Platform “If you’re going to change the world, you have to build something… Continue reading Atlis Motor Vehicles to Host First “Battery Day” on February 21, 2020
General Motors USA Welcomes Gubagoo to the GM Dealer Digital Solution Program
Gubagoo’s Chat and Facebook Marketplace products are now officially backed by General Motors. BOCA RATON, Fla., Feb. 15, 2020 /PRNewswire/ — Gubagoo, the leading provider of conversational commerce solutions for Automotive Dealerships and OEMs, announced today that their full suite of products have been endorsed by General Motors, and included in the General Motors Dealer Digital… Continue reading General Motors USA Welcomes Gubagoo to the GM Dealer Digital Solution Program
Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability
PLANO, Texas, Feb. 14, 2020 /PRNewswire/ — Toyota Financial Services (TFS) issued its latest unsecured Green Bond, reinforcing the company’s industry-leading commitment to the sale of environmentally friendly vehicles. Proceeds from the $750 million bond will be used to fund the acquisition of new retail installment contracts and operating lease contracts financing Toyota and Lexus… Continue reading Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability
AAM Reports Fourth Quarter and Full Year 2019 Financial Results
DETROIT, Feb. 14, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the fourth quarter and full year 2019. AAM also provided its full year 2020 financial outlook and 2020-2022 new business backlog. Fourth Quarter 2019 Results Sales of $1.43 billion Net loss attributable to AAM of… Continue reading AAM Reports Fourth Quarter and Full Year 2019 Financial Results
Ford recalling over 240K vehicles at risk of suspension failure
Ford is recalling over 240,000 SUVs and cars worldwide because a suspension part can fracture and increase the risk of a crash.The recall covers the Ford Flex, Taurus police car, Taurus SHO and Lincoln MKT from the 2013 through 2018 model years.Most of the recalled vehicles are in North America.
JCB to cut UK production as virus hits supply chain
…halt production soon as it struggles to source parts from Chinese suppliers. Meanwhile, Hyundai shut all of its car factories in South Korea after running out of components. Global tech companies’ supply…
Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook
LONDON, Feb. 13, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”) today announced financial results for its fourth quarter and full year 2019. Q4 2019 results Revenue Operating Income Operating Income Margin Net Income per Share – Diluted Cash Flow From Operations GAAP $1.1 B $(15) M (1.4)% $(0.46) $142 M… Continue reading Delphi Technologies reports fourth quarter and full year 2019 results above prior outlook
Struggling NIO Delays Salary Payments Because of Coronavirus
NIO Inc. Chairman William Li told employees that the cash-strapped electric carmaker will pay January salaries six days late because of difficulties stemming from the outbreak of the novel coronavirus.