Tag: Tier 1 Suppliers

France announces €8bn rescue plan for car industry

The French government has announced an €8bn (£7.1bn) rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic. President Emmanuel Macron’s proposal includes €1bn to provide grants of up to €7,000 to encourage citizens to purchase electric vehicles. It also puts money toward investments to make France a centre for… Continue reading France announces €8bn rescue plan for car industry

@Groupe PSA: PEUGEOT Cycles: electric-assisted bikes available for sale on line

PEUGEOT proposes e-Bikes for the city and trekking that are practical, comfortable and versatile. These models in stock are available for sale online at cycles.peugeot.fr and from the PEUGEOT Cycles dealers. PEUGEOT is responding to the enthusiasm of cyclists for e-Bikes, a real alternative to public transport in the spring of 2020. Their success should… Continue reading @Groupe PSA: PEUGEOT Cycles: electric-assisted bikes available for sale on line

Autonomous and electric cars to be key part of autos sector -Macron

FILE PHOTO: French President Emmanuel Macron speaks during a joint video news conference with German Chancellor Angela Merkel at Elysee Palace in Paris, France May 18, 2020. Francois Mori/Pool via REUTERS PARIS (Reuters) – Autonomous vehicles and electric vehicles will form a key part of the automotive sector after the coronavirus crisis, French President Emmanuel… Continue reading Autonomous and electric cars to be key part of autos sector -Macron

Continental and Pioneer Agree on Strategic Partnership for a New User Experience

Pioneer provides the entire infotainment subdomain for cockpit solutions Continental integrates the infotainment system into a complete one-stop shop Shared focus on the Asian market in particular Cockpit high performance computer: Modular high-performance platform as a technical foundation for a new user experience in the cockpit of the future Babenhausen, May 26, 2020. The technology… Continue reading Continental and Pioneer Agree on Strategic Partnership for a New User Experience

GM gradually restarts in Mexico as Lear Corp readies for return

MEXICO CITY (Reuters) – General Motors Co (GM.N) said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp (LEA.N) also geared up for production. FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant… Continue reading GM gradually restarts in Mexico as Lear Corp readies for return

Edited Transcript of GT earnings conference call or presentation 30-Apr-20 12:15pm GMT

Q1 2020 Goodyear Tire & Rubber Co Earnings Call AKRON May 18, 2020 (Thomson StreetEvents) — Edited Transcript of Goodyear Tire & Rubber Co earnings conference call or presentation Thursday, April 30, 2020 at 12:15:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Darren R. Wells The Goodyear Tire & Rubber Company –… Continue reading Edited Transcript of GT earnings conference call or presentation 30-Apr-20 12:15pm GMT

BorgWarner’s next-gen AWD actuators spell gains for OEMs

The need for improved fuel efficiency is a key factor in the development of all-wheel drive (AWD) technologies today. BorgWarner, an established global leader in the advancement and supply of AWD systems, delivers breakthroughweight and efficiency improvements, along with the necessary performance enhancements in today’s AWD systems. With the development of these next-generation actuators for… Continue reading BorgWarner’s next-gen AWD actuators spell gains for OEMs

BorgWarner’s Intelligent Cam Torque Actuation (iCTA) Improves Fuel Economy for GAC Motor

BorgWarner extends cooperation with GAC Motor iCTA is a variable cam timing technology suitable for both combustion and popular hybrid applications Proprietary technology enables lower emissions, greater fuel economy and improved engine performance Shanghai, May 20, 2020 – BorgWarner partnered with GAC Motor to introduce its next generation of variable cam timing actuators – intelligent… Continue reading BorgWarner’s Intelligent Cam Torque Actuation (iCTA) Improves Fuel Economy for GAC Motor

Press: ZF secures additional liquidity

Technology group enters into an additional €1.35 billion credit facility Total amount increased as a result of positive response throughout syndication process Financial covenants adjusted due to high market volatility Friedrichshafen, Germany. ZF Friedrichshafen AG has increased its financial headroom with a new €1.35 billion syndicated credit facility. The facility strengthens the company’s liquidity and… Continue reading Press: ZF secures additional liquidity