Tag: Tier 1 Suppliers

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

Electric truck start-up Nikola takes on car giants

An electric truck company that has yet to deliver a single vehicle already has a market value higher than industry stalwart Fiat Chrysler. Since listing on the Nasdaq last week, the US start-up Nikola has seen its share price more than double, sending its market value to $26.3bn (£20.5bn). The gains came after the firm… Continue reading Electric truck start-up Nikola takes on car giants

Xpeng Opens State-Of-The-Art Electric Vehicle Factory In Zhaoqing

Xpeng Motors, took a giant leap forward today with the opening of its own, state of the art manufacturing facility in Zhaoqing, Guangdong Province. The move solidifies Xpeng as a serious player in the electric vehicle industry in China. It’s not easy to get your own automobile manufacturing license in China, and many startups choose instead… Continue reading Xpeng Opens State-Of-The-Art Electric Vehicle Factory In Zhaoqing

Continental CEO warns staff of job, costs cuts – Wirtschaftswoche

FILE PHOTO: Logo of German tyre company Continental is seen before the annual news conference in Hanover, Germany March 2, 2017. REUTERS/Fabian Bimmer BERLIN (Reuters) – German automotive supplier Continental (CONG.DE) must save hundreds of millions of euros in costs and will probably have to lay off workers due to a slump in demand caused… Continue reading Continental CEO warns staff of job, costs cuts – Wirtschaftswoche

Magna Announces Senior Notes Offering

AURORA, Ontario, June 08, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:  MG; NYSE:  MGA) today announced that it has entered into an underwriting agreement providing for the issuance of U.S.$750 million aggregate principal amount of its senior unsecured notes pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission… Continue reading Magna Announces Senior Notes Offering

Enel X Tripled Its Charging Network In Europe Through eRoaming

Enel X gives fresh boost to sustainable mobility by tripling its public EV charging network through collaboration with Allego, Bosch and Innogy JuicePass users are now enabled to access a network of over 30,000 charging points across Europe, under the Hubject platform, from around 10,500 already available Rome, June 3rd, 2020 – Enel X expanded… Continue reading Enel X Tripled Its Charging Network In Europe Through eRoaming

The cockpit revolution: A driving force behind the next-generation automotive experience

By Visteon Corporation Cockpit trends and safety requirements are creating new challenges and opportunities for in-vehicle electronics. To address these trends, Visteon is driving the cockpit revolution through all-digital, integrated solutions that help automakers connect exterior sensing and the interior experience – taking safety and the user experience to the next level. As the only… Continue reading The cockpit revolution: A driving force behind the next-generation automotive experience

Self-driving sector contends its cars can prevent many more crashes than insurance study says

June 5 (Reuters) – Companies working on self-driving vehicles have criticized an insurance industry study suggesting that only a third of all U.S. road crashes could be prevented by driverless cars, arguing that the study has underestimated the technology’s capabilities. The study by the Insurance Institute for Highway Safety (IIHS), released on Thursday analyzed 5,000… Continue reading Self-driving sector contends its cars can prevent many more crashes than insurance study says

The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you’re interested in all the future and present ways people… Continue reading The Station: Cruise cuts, Waymo snags more cash and a VC Mobility survey – TechCrunch