Jaguar Land Rover Automotive Plc has shelved plans to issue a U.S dollar bond after investors demanded too high an interest rate to compensate for the risk the coronavirus poses to the luxury carmaker, according to people familiar with the matter.
Category: Newswire
Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results
Sales of $2,945 million ($744 million in fourth quarter) • 7% growth-over-market in fourth quarter 1Net income of $70 million ($35 million in fourth quarter)Adjusted EBITDA of $234 million ($85 million in fourth quarter)Awarded $6.1 billion in new businessVAN BUREN TOWNSHIP, Mich., Feb. 20, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC) today announced full-year 2019… Continue reading Visteon Announces Fourth-Quarter and Full-Year 2019 Financial Results
Daimler optimizes decision-making processes and streamlines organizational structure
STUTTGART, Germany, Feb. 20, 2020 /PRNewswire/ — The Board of Directors and the Supervisory Board of Daimler AG and Mercedes-Benz AG optimize Mercedes-Benz Cars’ development, operation and finance area by realigning the Company’s organizational structure. This reorganization will take effect on April 1, 2020. The position of Product Strategy and Steering will be created for… Continue reading Daimler optimizes decision-making processes and streamlines organizational structure
Daimler Leaders Retool Management at Mercedes-Benz, Van Units
Daimler AG’s top management tightened control over its flagship Mercedes-Benz luxury-car unit and the vans division that turned in an outsized loss in 2019.
Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show
The Company’s new C650 and C1000 step vans will set a new standard in design and efficiency for the last-mile delivery segment with its 650 cubic foot and 1000 cubic foot vehicles both weighing approximately 12,500 lbs. when fully loaded. Through a lightweight, composite, monocoque construction method, Workhorse has significantly decreased their vehicles’ curb weights when… Continue reading Workhorse Group to Unveil New C650 Electric Step Van at NTEA Work Truck Show
Tesla signs agreement with CATL battery maker
China’s leading power battery maker, Contemporary Amperex Technology Co Ltd, announced Thursday it has signed a volume production supply pricing agreement with US carmaker Tesla.Tesla is in talks to use CATL’s cobalt-free batteries in cars made at its Shanghai plant, citing people familiar with the matter.CATL saw its shares a sharp surge by the midday on Feb 20, gaining 5.32 percent to 161.35 yuan per share ($22.98).
Tesla Cybertruck Orders Average 5,873 Per Day, Now Over 500,000
Tesla Cybertruck Orders Average 5,873 Per Day, Now Over 500,000 Forbes | Feb 19, 2020 at 12:00 AM The reservation rate is outpacing Tesla’s Model 3, which received 518,000 reservations in about five months.
Aston Martin puts planned WEC, Le Mans Hypercar entry on hold
Aston Martin said on Wednesday it was putting on hold a planned entry into the World Endurance Championship (WEC) and Le Mans 24 Hours with its Valkyrie hypercar.This will allow IMSA prototypes to compete for outright victory at Le Mans and the WEC in 2021-22.The Valkyrie was created as part of a technology partnership between Aston Martin and Red Bull Advanced Technologies.
Ferrari releases its 2019 Annual Report and files annual report on Form 20-F
Maranello (Italy), February 18, 2020 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2019 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2019, with the United States Securities and Exchange Commission.Ferrari’s 2019 Annual Report and annual report on Form… Continue reading Ferrari releases its 2019 Annual Report and files annual report on Form 20-F
Daimler AG proposes Timotheus Höttges for election to the Supervisory Board
STUTTGART, Germany, Feb. 19, 2020 /PRNewswire/ — Daimler AG proposes Timotheus Höttges for election to the company’s Supervisory Board. On the basis of a recommendation by the Nomination Committee, the Supervisory Board of Daimler AG has decided to propose to the Annual General Meeting that Timotheus Höttges be elected to the Supervisory Board as a member… Continue reading Daimler AG proposes Timotheus Höttges for election to the Supervisory Board