Delphi Technologies’s stock tumbles after BorgWarner says draw on revolver is a breach of merger deal

Shares of Delphi Technologies PLC plummeted 22% in premarket trading Tuesday, after the company said the received notice from fellow auto parts maker BorgWarner Inc. that Delphi’s decision to draw on its credit facility represents a material breach of the buyout agreement. BorgWarner’s stock was still inactive ahead of the open. Delphi said it believed… Continue reading Delphi Technologies’s stock tumbles after BorgWarner says draw on revolver is a breach of merger deal

03/26/2020MAHLE and Triumph cooperate in the manufacture of face masks

MAHLE and Triumph cooperate in the manufacture of face masks

Stuttgart, March 26, 2020 – MAHLE and the underwear manufacturer Triumph Holding AG (Bad Zurzach – “Triumph”) are joining forces to manufacture face masks. MAHLE is providing a filter medium that is FFP3 rated and absorbs viruses. Production of the respiratory masks at Triumph is starting immediately. The masks, that can also be used in the medical sector, will be supplied to the authorities.

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Press release [PDF; 16 KB] MAHLE filter medium protects against virusesUltra-fast project completion and production launchProduction capacity slated at 1.5 million masks per month“At MAHLE we are currently exploring all means available to us to help in this emergency situation – with our technical know-how, test labs, clean rooms, and also our production facilities. Within a very short time, together with Triumph we have checked the feasibility of manufacturing face masks, produced prototypes, and set up the supply chain and the producton process. This is testament to the outstanding commitment of everyone involved whom I would like to thank most sincerely”, says Dr. Jörg Stratmann, Chairman of the Management Board and CEO of MAHLE.
At the same time, MAHLE is also examining the possibility of additionally producing hot-formed masks in-house as well employing 3D printers to manufacture components for face masks as well as other medical equipment.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Ruben Danisch
Corporate Communications/Public Relations
Pragstraße 26 – 46
70376 Stuttgart, Germany
Phone: +49 711 501-12199
Fax: +49 711 501-13700
ruben.danisch@mahle.com

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