Category: Suppliers

BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook

Moody’s Investors Service, (“Moody’s”) confirmed the senior unsecured rating of BorgWarner, Inc. (“BorgWarner”), at Baa1, and the short-term rating is affirmed at Prime-2. The confirmation of BorgWarner’s Baa1 ratings reflect Moody’s belief that the company’s metrics and credit profile will be solidly positioned by the second half of 2021 as global automotive production recovers from… Continue reading BorgWarner Inc. — Moody’s confirms BorgWarner’s ratings, senior unsecured at Baa1, negative outlook

Hyundai Mobis Co., Ltd. — Moody’s confirms Hyundai Motor, Kia and Hyundai Mobis’ Baa1 ratings; outlook negative

Moody’s Investors Service has confirmed the Baa1 issuer ratings of Hyundai Motor Company (HMC), Kia Motors Corporation (Kia) and Hyundai Mobis Co., Ltd., as well as the Baa1 senior unsecured rating of Kia. The outlooks on all ratings have changed to negative from ratings under review. Go to Source

Parts maker Visteon expects global auto output to plunge up to 25%

By Sanjana Shivdas June 11 (Reuters) – Major auto parts supplier Visteon Corp on Thursday forecast global production volumes for the auto industry to fall between 20% and 25% this year and warned it would be a couple of years before they returned to 2019 levels. The U.S. auto industry has been struggling to recover… Continue reading Parts maker Visteon expects global auto output to plunge up to 25%

NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares

SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price of… Continue reading NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares

Lear Adds Production to Pine Grove, PA Facility to Make 500,000 Protective Face Masks per Week

SOUTHFIELD, Mich., June 11, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has added new equipment to its operations in Pine Grove, Pa., to make up to 500,000 protective face masks per week. The Pine Grove facility is among 10 Lear plants on three… Continue reading Lear Adds Production to Pine Grove, PA Facility to Make 500,000 Protective Face Masks per Week

Goodyear Joins Turo to Provide Timely Cleaning Service for it’s Car-Sharing CommunityJun 8, 2020AKRON, Ohio, June 8, 2020 – The Goodyear Tire & Rubber…

AKRON, Ohio, June 8, 2020 – The Goodyear Tire & Rubber Company, through its innovative fleet servicing platform, AndGo by Goodyear, is providing on-demand and on-location professional vehicle services for Turo, the leading peer-to-peer car-sharing marketplace. The AndGo by Goodyear offer for Turo hosts is currently available in Southern California, with more markets coming soon.… Continue reading Goodyear Joins Turo to Provide Timely Cleaning Service for it’s Car-Sharing CommunityJun 8, 2020AKRON, Ohio, June 8, 2020 – The Goodyear Tire & Rubber…

Aptiv Corporation — Moody’s confirms Aptiv’s ratings at Baa2, outlook stable

Moody’s Investors Service, (“Moody’s”) has today confirmed the senior unsecured ratings of Aptiv Plc (Aptiv, or the group) at Baa2. Concurrently, Moody’s has also confirmed the senior unsecured notes issued by the group’s subsidiary Aptiv Corporation (formerly Delphi Corporation) at Baa2. The outlook on the ratings changed to stable from ratings under review. Go to… Continue reading Aptiv Corporation — Moody’s confirms Aptiv’s ratings at Baa2, outlook stable