Transaction marks second step in refinancing of the planned Wabco acquisition Successful completion of acquisition financing High investor interest leads to multiple oversubscriptions Friedrichshafen, Germany. ZF Friedrichshafen AG (ZF) has successfully placed Eurobonds with a total volume of €2.7 billion on the capital market. The bonds, which were issued in four tranches with maturities between… Continue reading Press: ZF places Eurobonds with a total volume of €2.7 billion
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PEUGEOT Cycles at Roc d’Azur reveals a new electric mountain bike and announces two partnerships
At the Roc d’Azur event, PEUGEOT Cycles world revealed its high-performance electric mountain bike, the eM01 FS PowerTube (e = electric, M = Mountain, 01 = high-end, FS = Full Suspension, PowerTube = battery integrated in frame). The new model targets competitive riders and experienced amateurs with its lightweight and exclusively designed frame, BOSCH motor… Continue reading PEUGEOT Cycles at Roc d’Azur reveals a new electric mountain bike and announces two partnerships
Faurecia to acquire remaining 50% of SAS Joint Venture to expand integration to cover all interior modules
Texte This joint venture was established in 1996 and has become a key player in complex interior module assembly and logistics. The company employs 4,490 people in 19 facilities in Europe, North America and South America. Sales are expected to show strong growth in 2019 and should reach around €700 million (IFRS15). This project would… Continue reading Faurecia to acquire remaining 50% of SAS Joint Venture to expand integration to cover all interior modules
Car parts group Faurecia to buy full control of SAS venture from Continental
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer/File Photo PARIS (Reuters) – French car parts group Faurecia (EPED.PA) said on Monday it had agreed to buy full control of the SAS joint venture it… Continue reading Car parts group Faurecia to buy full control of SAS venture from Continental
Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China
Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China Increases electric range to 410 kilometers on a single charge 2019-10-12 SHANGHAI – Buick launched the VELITE 6 PLUS MAV (multi-activity vehicle) electric vehicle today in China. The newest member of the VELITE 6 family, the VELITE 6 PLUS has a constant-speed range of up… Continue reading Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China
TriLumina announces first automotive-qualified AEC-Q102 Grade 1 semiconductor laser – Semiconductor Today
26 July 2019 TriLumina Corp of Albuquerque, NM, USA, which develops flip-chip vertical-cavity surface-emitting laser (VCSEL) array light sources for automotive, consumer and industrial 3D sensing and interior illumination products, has completed all required tests for AEC-Q102 Grade 1 operation, which means it can reliably operate at temperatures ranging from -40°C to 125°C. This is… Continue reading TriLumina announces first automotive-qualified AEC-Q102 Grade 1 semiconductor laser – Semiconductor Today
TriLumina launches first surface-mount flip-chip back-emitting VCSEL array without need for submount – Semiconductor Today
24 June 2019 TriLumina Corp of Albuquerque, NM, USA, which manufactures and integrates flip-chip vertical-cavity surface-emitting laser (VCSEL) array light sources for 3D sensing LiDAR (light detection and ranging) and interior illumination products, has launched the first surface-mount flip-chip back-emitting VCSEL array without the need for a submount or bond wires, allowing lower costs and… Continue reading TriLumina launches first surface-mount flip-chip back-emitting VCSEL array without need for submount – Semiconductor Today
Mexican motor city ‘getting desperate’ as GM’s U.S. strike takes heavy toll
SILAO, Mexico, Oct 11 (Reuters) – Half a continent away from the auto plants of Detroit, U.S. strikes at General Motors (GM) have sent shivers through the central Mexican city of Silao, where the local GM factory furloughed 6,000 workers last week when parts from the United States ran out.
Rich or poor, residents are anxiously hoping the labor dispute will end so the company reopens the plant, which has been an anchor of the local economy since GM arrived a generation ago, transforming the landscape forever.
“General Motors is the biggest source of income here. When General Motors stops, everything stops,” said Silao resident Francisco Vazquez. “Before General Motors, there was nothing.”
Once a provincial backwater with a handful of colorful old churches, Silao is now enveloped in a thick cordon of factories and warehouses serving automotive companies from all over the world.
In the years after GM opened the Silao plant in 1995, dozens of other firms followed, such as Volkswagen, Conti..
Brexit: Toyota warns its UK plants in jeopardy under no-deal – The Irish Times
Toyota has warned a no-deal Brexit, in which a 10 per cent tariff on exports under World Trade Organisation (WTO) terms apply, would put its future UK manufacturing operations in doubt. A senior executive also warned that any prolonged disruption at the ports “would inevitably lead to a production stop, probably within days”. In a… Continue reading Brexit: Toyota warns its UK plants in jeopardy under no-deal – The Irish Times
Chinese firms are taking a different route to driverless cars – The Economist
THE SELF-DRIVING cars that cruise around South Ronghua Road look just like their American counterparts: chunky sedans with a rack of sensors bolted to the roof and a supercomputer in the boot. Beijing’s government has dubbed this south-eastern patch of the city Beijing-E-Town. It is one of a growing number of urban spaces across China… Continue reading Chinese firms are taking a different route to driverless cars – The Economist