Tag: Tier 1 Suppliers

UPDATE 1-VW urges Germany to help boost demand for cars as profit plunges

FILE PHOTO: A cartoon of a VW logo squashing the coronavirus is displayed on a building at Volkswagen’s headquarters to celebrate the plant’s re-opening during the spread of the coronavirus disease (COVID-19) in Wolfsburg, Germany April 25, 2020. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) urged the German government on Wednesday to help boost demand… Continue reading UPDATE 1-VW urges Germany to help boost demand for cars as profit plunges

Karma Automotive whistleblower paints a grim picture – Autoblog

When we wrote about Karma Automotive announcing the battery-electric Revero GTE last week, we called this months’ trio of announcements “This month’s Karma Automotive extravaganza.” It’s possible there’s more to this momentum than the excitement of expanding the EV landscape. Jalopnik recently ran what’s practically a whistleblower piece, based on information from “a confirmed source,… Continue reading Karma Automotive whistleblower paints a grim picture – Autoblog

@Groupe PSA: Vitesco Technologies to develop hybrid and electric powertrain technologies in its new R&D center in China

Impressions: V.T.R&D center for electromobility in Tianjin, China The new R&D center which will be built in Tianjin is scheduled for completion in 2021. The facility extends the research and development capacity for zero emission propulsion technologies in the Asia-Pacific region. (PRESS RELEASE) TIANJIN, China / REGENSBURG, Germany, 21-Apr-2020 — /EuropaWire/ — Continental‘s powertrain business… Continue reading @Groupe PSA: Vitesco Technologies to develop hybrid and electric powertrain technologies in its new R&D center in China

Mitsubishi Motors seeks $2.8bn in loans

TOKYO — Mitsubishi Motors has requested 300 billion yen ($2.8 billion) in financing from domestic and foreign lenders as the coronavirus pandemic clouds the outlook for the auto industry, Nikkei learned Tuesday. This total includes 200 billion yen from Japanese private- and public-sector financial institutions. The automaker is in talks for a syndicated loan from… Continue reading Mitsubishi Motors seeks $2.8bn in loans

@VW Group: Audi realigns its commitment in motorsport

On its way to becoming a provider of premium mobility with a carbon-neutral footprint, Audi is realigning the brand’s motorsport program: The four rings will not extend their commitment in the DTM touring car racing series beyond the 2020 season. The management board of AUDI AG made this decision also in light of the economic… Continue reading @VW Group: Audi realigns its commitment in motorsport

Updated Preliminary Key Data for the First Quarter of Fiscal 2020

The financial results of Continental AG in the first quarter of fiscal 2020 are above the expectations published in its previous communication on April 1, 2020 and above current analyst expectations. Based on preliminary data, key financial results of the first quarter of fiscal 2020 are as follows: ·         Consolidated sales of the Group were… Continue reading Updated Preliminary Key Data for the First Quarter of Fiscal 2020

Lear Releases Second Edition of Safe Work Playbook with New Content and Advanced Protocols for Facility Safety

Playbook offers 80-plus pages of education, training, communication and auditing toolkits SOUTHFIELD, Mich., April 27, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today released the second edition of its Safe Work Playbook which provides new content for integrating health and safety protocols into day-to-day operations to help… Continue reading Lear Releases Second Edition of Safe Work Playbook with New Content and Advanced Protocols for Facility Safety

Hyundai Motor Company to Equip Its Next “G90” with Two LiDAR Sensors

Hyundai Motor Company is planning to equip its next-generation Genesis “G90” with two “LiDAR (Light Detection and Ranging) sensors that will be the first within the global automotive industry. Two LiDAR sensors will be able to provide the level 3 of autonomous driving along with previous camera and radar sensors and Hyundai’s own control algorithm.… Continue reading Hyundai Motor Company to Equip Its Next “G90” with Two LiDAR Sensors

Edited Transcript of ALV earnings conference call or presentation 24-Apr-20 12:00pm GMT

Q1 2020 Autoliv Inc Earnings Call Stockholm Apr 24, 2020 (Thomson StreetEvents) — Edited Transcript of Autoliv Inc earnings conference call or presentation Friday, April 24, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Trapp Autoliv, Inc. – VP of IR * Fredrik Westin Autoliv, Inc. – CFO &… Continue reading Edited Transcript of ALV earnings conference call or presentation 24-Apr-20 12:00pm GMT