Wed, Apr 15, 2020 21:26 CET Kongsberg Automotive ASA has in connection with the announced Extraordinary General Meeting to be held 30 April 2020 for inter alia approval of proposals for an increase of the share capital by directed placement, a convertible loan and a subsequent “repair” emission of shares prepared an Investor Presentation. The… Continue reading Kongsberg Automotive – Updated Investor Presentation
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Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Shares of Goodyear Tire & Rubber & Co. dropped 4.7% in premarket trading Thursday, after the tire maker warned of a sales miss, suspended its dividend and announced payroll cost cuts that will affect more than 9,000 employees. The company said it expects first-quarter sales to fall to $3.0 billion from $3.6 billion, compared with… Continue reading Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Kapten merges with parent company Free Now, starts restructuring plan
French ride-hailing company Chauffeur-Privé rebranded to Kapten just last year. At the time, the company had big expansion plans to compete with Uber in Europe across multiple markets. But Kapten is now going to merge with Free Now, another app from the same company — following this move, there will be a restructuring plan. Kapten… Continue reading Kapten merges with parent company Free Now, starts restructuring plan
Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020
Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020 -Positive revenue development in both segments based on a strong first half of 2019-Group revenue of 2.04 billion euros and operating EBIT totaling 77 million euros-Production stops at customers in the automotive and commercial vehicle segments requiring capacity adjustments at Grammer plants… Continue reading Grammer confirms preliminary figures for 2019 and expects a significant slowdown in 2020
Goodyear Provides Preliminary First Quarter Results, Business UpdateApr 16, 2020AKRON, Ohio, April 16, 2020 – The Goodyear Tire & Rubber Company today…
— Company completes refinancing of $2.0 billion U.S. revolving credit facility, extending maturity to 2025 — Announces global cost mitigation actions in response to rapidly changing business environment — Sees first quarter results significantly affected by COVID-19; volume down 18% versus last year — Temporarily suspends quarterly dividend, reduces 2020 capital expenditures to further enhance… Continue reading Goodyear Provides Preliminary First Quarter Results, Business UpdateApr 16, 2020AKRON, Ohio, April 16, 2020 – The Goodyear Tire & Rubber Company today…
FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
FCA works to manage the societal and environmental impacts of its activities and products and to develop innovative solutions to reduce its total environmental footprint. The Company embraces its operational responsibility to contribute to the relevant Sustainable Development Goals (SDGs) supporting the United Nations 2030 Agenda. In 2019, the Company further reduced its environmental footprint… Continue reading FCA Releases 2019 Sustainability Report Highlighting Environmental, Social and Economic Initiatives
Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis
The ongoing pandemic of Covid19, it seems, has come as an opportunity for Bharat Forge. Part of the $ 3 billion Kalyani Group, Bharat Forge envisages some strategic structural changes in the automotive supply chain in a post -Covid19 world, where OEMs, in order to mitigate uncertainties, will be looking forward to diversifying their component… Continue reading Bharat Forge sees itself benefitting from supplier restructuring amid Covid crisis
Daimler/BMW’s ‘FREE NOW’ service to restructure, integrate French app Kapten
FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke PARIS (Reuters) – The ‘FREE NOW’ taxi ride-hailing service run by Daimler and BMW announced on Thursday a corporate restructuring, which could lead to job cuts, and unveiled plans to merge with French app… Continue reading Daimler/BMW’s ‘FREE NOW’ service to restructure, integrate French app Kapten
German carmakers to resume production as lockdowns ease
FRANKFURT (Reuters) – German carmakers including Volkswagen (VOWG_p.DE) and Mercedes-Benz (DAIGn.DE) will restart production at some German factories next week after the country eased restrictions designed to contain the coronavirus outbreak. FILE PHOTO: An employee fixes a VW sign at a production line of the electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020.… Continue reading German carmakers to resume production as lockdowns ease
Nissan licenses li-ion battery tech to APB Corporation to allow for low-cost mass-production
Japanese-carmaker Nissan has licensed its advanced technology to APB Corporation that will allow mass production of lower-cost, safer lithium-ion batteries with increased charging capacity. Tokyo-based APB is backed by investment from major companies and plans to build a factory in Japan that will use Nissan’s technology to make all-polymer batteries for storage use. Nissan says… Continue reading Nissan licenses li-ion battery tech to APB Corporation to allow for low-cost mass-production