Code names: “Stella” for PSA, “Paris” for Fiat Chrysler. The Announcements announced Thursday In the early morning, there was serious backstage since the beginning of October. It was at this point that the two groups, who had been looking around for months – if not years – foresaw that the possibility of a “deal” was… Continue reading PSA-Fiat Chrysler: a belly dance that lasted for months
Tag: Tier 1 Suppliers
Here’s the list of Ford’s $6B in plant, product investment commitments
CLOSE Two Ford Explorers and one Lincoln Aviator are seen on a car hauler on Gibraltar Road near Ford’s Flat Rock Assembly Plant in Flat Rock last month. Flat Rock is among the plants Ford has committed investments to as part of its agreement with the UAW. (Photo: Junfu Han, Detroit Free Press) Ford is… Continue reading Here’s the list of Ford’s $6B in plant, product investment commitments
Robert Bosch Venture Capital invests in Quantum Computing Startup IonQ
About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in Quantum Computing Startup IonQ
Factbox: GM strike sends ripples across auto parts suppliers
(Reuters) – Several auto parts makers and suppliers have lowered their full-year forecasts and disclosed hits to quarterly earnings from the 40-day strike at No.1 U.S. carmaker General Motors (GM.N). FILE PHOTO: A union strike sign is stuck in the fence outside the General Motors Flint Truck Assembly in Flint, Michigan, U.S., October 9, 2019.… Continue reading Factbox: GM strike sends ripples across auto parts suppliers
DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
KARIYA, Japan, Nov. 1, 2019 /PRNewswire/ — DENSO, the world’s second largest mobility supplier, today announced its second quarter (July-September) financial results for its fiscal year 2019, as well as updates in its business strategy to create and inspire new value for the future of mobility. As part of this strategy, or its ‘Second Founding,’ DENSO continues… Continue reading DENSO Reinforces Commitment to Sustainable Mobility in Company Direction Update
Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Tavares has stoked competition among Peugeot and former Opel factories to push workers to cut costs. PARIS – Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies. Now the 61-year-old Portuguese car fanatic and weekend… Continue reading Peugeot’s turnaround driver, Tavares, faces his biggest challenge
BorgWarner Announces Divestiture of BorgWarner Morse TEC LLC to Enstar
Auburn Hills, Michigan, Oct. 30, 2019 – BorgWarner today announced that it has divested BorgWarner Morse TEC LLC (“Morse TEC”), a wholly-owned subsidiary of the company that holds asbestos and certain other liabilities, to Enstar Holdings (US) LLC, a subsidiary of Enstar Group Limited. In connection with the closing, BorgWarner contributed approximately $172 million in… Continue reading BorgWarner Announces Divestiture of BorgWarner Morse TEC LLC to Enstar
Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, presented its results today for the first nine months of 2019 with revenues reaching €6,572m. Gestamp outperformed the auto production market during 9M 2019 with a 6.8% growth rate in revenues (7.0% at constant FX)… Continue reading Gestamp recorded revenues of €6,572m for the first nine months of 201931.10.2019Gestamp, the multinational company specialized in the design, developm…
Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable
“Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable” Las discusiones han abierto un camino hacia la creación de un nuevo grupo de escala global y recursos que son propiedad de los accionistas de PSA en un 50% y por los de FCA en un… Continue reading Grupo PSA y FCA planean unir fuerzas para construir un líder mundial en esta nueva era de movilidad sustentable
BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items
AUBURN HILLS, Mich., Oct. 31, 2019 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) today reported third quarter results. Third Quarter Highlights: U.S. GAAP net sales of $2,492 million, up 0.6% compared with third quarter 2018. Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, net sales were up 4.5% compared with… Continue reading BorgWarner Reports Third Quarter 2019 U.S. GAAP Net Earnings Of $0.94 Per Diluted Share, Or $0.96 Per Diluted Share Excluding Non-Comparable Items