Category: Suppliers

Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call

SOUTHFIELD, Mich., April 21, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today provided an update on its liquidity position, as well as details on the Company’s first quarter 2020 earnings conference call. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) More As of the quarter ended April… Continue reading Lear Provides Liquidity Update, Announces Date for First Quarter 2020 Earnings Conference Call

Bridgestone will close down 8 tire plants during late April-early May

TOKYO — Japanese tiremaker Bridgestone said on Monday it will suspend operations at its 11 domestic plants, including 8 tire factories, from late April to early May to cope with dwindling demand due to the coronavirus pandemic. The world’s biggest tiremaker will shut down the 8 tire plants between April 29 and May 8, including… Continue reading Bridgestone will close down 8 tire plants during late April-early May

Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions

GUELPH, ON , April 20, 2020 /CNW/ – Linamar Corporation (LNR.TO) today released commentary regarding ongoing COVID-19 related impacts to its business and provided the latest available updated industry conditions in the key Access, Agriculture and Automotive markets in which it operates. Linamar Corporation (CNW Group/Linamar Corporation) More A presentation deck highlighting the key actions,… Continue reading Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions

Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains

The center, which is going to be built in Tianjin, extends the research and development capacity for zero emission propulsion technologies in the Asia-Pacific region Vitesco Technologies already operates a modern, highly automated plant at the site, where an innovative, fully integrated electric axle drive system has been produced since 2019 Tianjin, China, Regensburg, Germany,… Continue reading Vitesco Technologies to Open New R&D Center in China, Underlining the Strategic Focus on Electrified Powertrains

Press: ZF Zhangjiagang Braking plant delivers its 20 millionth caliper

Since SOP in 2015, the ZF Zhangjiagang Braking plant has produced 20 million calipers in 4.5 years Products at top quality, with Parts Per Million (PPM) defect rate under 0.35 ZF, the pioneer of motor-on-caliper Electric Park Brake technology, offers significant advantages in weight reduction, enhanced fuel economy, and is an outstanding embodiment of intelligent… Continue reading Press: ZF Zhangjiagang Braking plant delivers its 20 millionth caliper

No Supervision Required: Helm.ai Aims to Streamline Self-Driving Development

Removing the human driver from behind the steering wheel may require removing the human being from the development lab. Helm.ai, a startup based in Menlo Park, Calif., that recently came out of stealth, seeks to dramatically reduce the bottlenecks in autonomous vehicle development cycles with an AI training method known as unsupervised learning. Like other… Continue reading No Supervision Required: Helm.ai Aims to Streamline Self-Driving Development

Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook

Moody’s Investors Service, (” Moody’s “) confirmed the ratings of Adient Global Holdings Ltd. (Adient) including Corporate Family Rating (CFR) at B2, the Probability of Default Rating at B2-PD, and the senior unsecured ratings at B3, Adient US LLC’s senior secured facilities at Ba3; and assigned a Ba3 rating to Adient US LLC’s new senior… Continue reading Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook

Adient announces intention to offer $500 million of senior secured notes

PLYMOUTH, Mich., April 20, 2020 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient US LLC, intends, subject to market and other customary conditions, to offer $500 million in aggregate principal amount of senior secured notes due 2025 (the “Notes”) in a private offering. (PRNewsfoto/Adient) More Adient intends… Continue reading Adient announces intention to offer $500 million of senior secured notes