The tie-up was announced at the end of October and originally scheduled to be finalised in early 2021 at the latest, in order to create the world’s fourth-largest automaker Paris: The teams working on the merger of carmakers PSA Group and Fiat Chrysler (FCA) are “picking up the tempo” to finalise the merger, the head… Continue reading PSA seeks to shift Fiat Chrysler merger into high gear
Tag: Tier 1 Suppliers
Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
TOKYO — Nissan Motor is seeking a credit line worth 500 billion yen ($4.6 billion) from Japanese banks, led by Mizuho Bank. The move is aimed at staving off funding problems for the Japanese automaker as vehicle sales plunge amid the new coronavirus outbreak. The Japanese automaker decided to make the request at a board meeting on… Continue reading Nissan seeks $4.6bn credit line to raise liquidity amid pandemic
Visteon Takes Action to Address COVID-19 Impact
Company reducing operational costs in response to lower industry volumes Financial guidance withdrawn due to impact of global pandemic Company donates face shields to help protect front-line medical care givers treating COVID-19 patientsVAN BUREN TOWNSHIP, Mich., April 09, 2020 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC) today outlined various actions it is taking in response to the… Continue reading Visteon Takes Action to Address COVID-19 Impact
Schaeffler places 350 million euro green Schuldschein loan
2020-04-09 | Herzogenaurach Schuldschein totaling approximately 350 million euros makes its debut in difficult market environment Schuldschein includes green tranches designated for a portfolio of sustainable projects Global automotive and industrial supplier Schaeffler has placed its first Schuldschein loan, raising a total of approximately 350 million euros in the current difficult market environment. 300 million… Continue reading Schaeffler places 350 million euro green Schuldschein loan
Bridgestone Americas Announces Restart of Commercial Tire and Diversified Products Operations in North America
NASHVILLE, Tenn., April 8, 2020 /PRNewswire/ — Bridgestone Americas (Bridgestone) has announced plans to restart its North American commercial tire plants as well as its North American Firestone Industrial Products and Firestone Building Products manufacturing facilities on April 13. The company’s start-up plans reflect the performance trend in several key areas of its commercial and diversified products… Continue reading Bridgestone Americas Announces Restart of Commercial Tire and Diversified Products Operations in North America
Continental Compiles European Breakdown Regulations and Emergency Procedures for Trucks
Every country has different emergency protocols and regulations Guidelines help drivers and fleet managers get assistance fast in an emergency Conti360° breakdown service network in 37 European countries helps keep important supply chains up and running Hanover, April 9, 2020. A breakdown is a troublesome event for truck and bus drivers – and one where… Continue reading Continental Compiles European Breakdown Regulations and Emergency Procedures for Trucks
Continental produces medical hoses needed in Bergamo and Lombardy region’s healthcare sector
Continental produces requested batches for Italian healthcare sector despite having ramped-down production capacities due to Covid-19 pandemic Marco Tamborini: “This is our minimum contribution to the Bergamo and the Italian society to support all the helping hands.” Low-pressure hose assemblies for use with medical gases in respiratory equipment such as CPAP systems PVC hose is… Continue reading Continental produces medical hoses needed in Bergamo and Lombardy region’s healthcare sector
Zoox, citing COVID-19 shutdown, lays off its autonomous vehicle backup drivers – The Verge
Zoox, the ambitious self-driving startup said to be worth over $3 billion, laid off almost all of its contract workers last week, including its backup drivers who ride around in the company’s autonomous vehicles. Around 120 people are said to be out of work. Zoox workers were informed in an email sent on Friday that… Continue reading Zoox, citing COVID-19 shutdown, lays off its autonomous vehicle backup drivers – The Verge
@VW Group: SEAT starts the production of emergency ventilators at its Martorell facilities
SEAT starts the production of emergency ventilators at its Martorell facilities to contribute to the crisis caused by COVID-19. The device has been authorized by the Spanish Agency of Medicine for clinic investigation and the daily production volume will be constantly adjusted with the authorities according to demand to avoid unnecessary stocks. The company will… Continue reading @VW Group: SEAT starts the production of emergency ventilators at its Martorell facilities
@VW Group: From making cars to ventilators
The SEAT Leon line at the Martorell plant is almost unrecognisable. Today, cars are no longer being made; instead, automated ventilators are being produced to collaborate with the healthcare system in the midst of the COVID-19 crisis. Going from producing cars to ventilators in record time is the result of the intense work of many… Continue reading @VW Group: From making cars to ventilators