Matthias Rabe has been named Member of the Board for Engineering at Bentley effective August 1. He succeeds Werner Tietz, who moves to SEAT as Executive Vice-President for Research and Development as of July 1. Werner Tietz succeeds Axel Andorff, who assumes responsibility for the Midsize and MEB Product Line at ŠKODA, also with effect… Continue reading @VW Group: Group-wide personnel changes in Technical Development and Product Line organization
Tag: Tier 1 Suppliers
ZF Completes WABCO Acquisition
Signalling the start of WABCO’s integration into ZF, the acquisition unites two industry leaders behind a shared vision to create a customer-focused powerhouse to advance commercial vehicle technology. With the addition of WABCO, ZF’s focus will be on expanding its commercial vehicle service portfolio and on operating customer business. “The combination of these two successful… Continue reading ZF Completes WABCO Acquisition
Autoliv Provides Market and Business Update, Accelerates Mitigating Measures and Enters Loan Facility With Swedish Export Credit Corporation
STOCKHOLM, May 29, 2020 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today provides updates on market and company measures to manage the auto industry downturn caused by the COVID-19 pandemic. April virtually at a standstill in Europe and Americas Slow and volatile restart and ramp-up creates efficiency challenges… Continue reading Autoliv Provides Market and Business Update, Accelerates Mitigating Measures and Enters Loan Facility With Swedish Export Credit Corporation
Airbag maker Autoliv sees April sales tumble as pandemic hits demand
STOCKHOLM, May 29 (Reuters) – Sweden’s Autoliv , the world’s largest maker of airbags and seatbelts, on Friday said it had seen a very challenging start to the second quarter with the North American and European markets grinding to a halt in April. “With our largest markets Americas and Europe virtually standing still in April,… Continue reading Airbag maker Autoliv sees April sales tumble as pandemic hits demand
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs: memo
FILE PHOTO: Wolf-Henning Scheider, ZF CEO poses for a portrait at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. September 10, 2019. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a… Continue reading German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs: memo
Edited Transcript of CON.DE earnings conference call or presentation 7-May-20 1:00pm GMT
Q1 2020 Continental AG Earnings Call Hanover May 28, 2020 (Thomson StreetEvents) — Edited Transcript of Continental AG earnings conference call or presentation Thursday, May 7, 2020 at 1:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Bernard Wang Continental Aktiengesellschaft – Head of IR * Wolfgang Schäfer Continental Aktiengesellschaft – CFO &… Continue reading Edited Transcript of CON.DE earnings conference call or presentation 7-May-20 1:00pm GMT
@AML: Aston Martin DB5 production resumes after 55 years as build work begins on DB5 Goldfinger Continuation cars at Aston Martin Works
More than half a century after the last new DB5 left Aston Martin’s Newport Pagnell factory, work is again under way on ‘the most famous car in the world’ ‘Job 1’ DB5 Goldfinger Continuation car is under construction – the first in a strictly limited run of 25 customer cars Produced in association with EON… Continue reading @AML: Aston Martin DB5 production resumes after 55 years as build work begins on DB5 Goldfinger Continuation cars at Aston Martin Works
Michelin welcomes the government’s support plan for the automotive industry in France
Michelin welcomes the government’s support plan for the automotive industry in France An essential support plan for the sector The government has just announced an ambitious plan to support the automotive industry in France. Globally, the automotive industry has been severely impacted by the Covid-19 crisis, at a time when it was already facing the… Continue reading Michelin welcomes the government’s support plan for the automotive industry in France
Auto parts maker Marelli secures $1.2 bln financing to withstand crisis
MILAN (Reuters) – Auto parts maker Marelli said on Wednesday it had secured additional capital and loans worth 130 billion yen ($1.2 billion) from top shareholder U.S. investment firm KKR (KKR.N) and Japanese banks. The COVID-19 epidemic has forced most manufacturers to temporarily halt production and almost erased car demand in March and April, leaving… Continue reading Auto parts maker Marelli secures $1.2 bln financing to withstand crisis
EIB finances Gestamp’s RDI strategy to the tune of EUR 200 million26.05.2020The Spanish multinational Gestamp is receiving a EUR 200 million loan from…
The Spanish multinational Gestamp, which specialises in the development and manufacture of metal components for the automotive industry, is receiving a EUR 200 million loan from the European Investment Bank (EIB) to develop new research lines enabling the production of safer, lighter and therefore more environmentally friendly cars. The agreement signed represents fresh support for… Continue reading EIB finances Gestamp’s RDI strategy to the tune of EUR 200 million26.05.2020The Spanish multinational Gestamp is receiving a EUR 200 million loan from…