Tag: Tier 1 Suppliers

Elliott demands fresh revamp at Hyundai Motor Group

SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh restructuring proposal after forcing the South Korean conglomerate to abandon its own reform plan in May. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its dealership in Seoul,… Continue reading Elliott demands fresh revamp at Hyundai Motor Group

UPDATE 4-Ford recalls 2 million trucks over seat belt fire risk

WASHINGTON (Reuters) – Ford Motor Co (F.N) said on Thursday it would recall 2 million F-150 pickup trucks in North America because of a seat belt problem that could generate excessive sparks and cause fires. The second-largest U.S. automaker said it received 17 reports of smoke or fire in the United States and six in… Continue reading UPDATE 4-Ford recalls 2 million trucks over seat belt fire risk

UPDATE 3-Ford recalls 2 million trucks over seat belt fire risk

WASHINGTON (Reuters) – Ford Motor Co (F.N) said on Thursday it would recall 2 million F-150 pickup trucks in North America because of a seat belt problem that could generate excessive sparks and cause fires. The second-largest U.S. automaker said it received 17 reports of smoke or fire in the United States and six in… Continue reading UPDATE 3-Ford recalls 2 million trucks over seat belt fire risk

According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround

loss of confidence Investors have used a massive loss of confidence. Investors find it hard to believe what the Conti leadership promises. (Photo: AP) At the end of July there is still a spirit of optimism in Hanover. Conti boss Elmar Degenhart picks up a spade and shovels sand properly. The start of construction for… Continue reading According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround

Elliott renews calls for Hyundai Motor revamp: source

(Reuters) – Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its… Continue reading Elliott renews calls for Hyundai Motor revamp: source

UPDATE 2-Elliott renews calls for Hyundai Motor revamp – source

(Reuters) – Elliott Management Corp renewed calls on Hyundai Motor Group last month to make structural changes, a source told Reuters, months after the U.S. activist fund helped force the South Korean automotive company to scrap a restructuring deal. FILE PHOTO: A car dealer stands in front of the logo of Hyundai Motor at its… Continue reading UPDATE 2-Elliott renews calls for Hyundai Motor revamp – source

UPDATE 2-Ford recalls 2 million trucks to address seat-belt fire concerns

WASHINGTON (Reuters) – Ford Motor Co said on Thursday it would recall 2 million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries. FILE PHOTO: An airplane flies above a Ford logo in Colma, California, U.S., October 3, 2017.… Continue reading UPDATE 2-Ford recalls 2 million trucks to address seat-belt fire concerns

Garrett Motion Inc. Hosts Investor Conference, Highlights Business and Technology Growth Drivers

“ MORRIS PLAINS, N.J., Sept. 6, 2018 /PRNewswire/ — Garrett Motion Inc., the planned Honeywell spin-off of its Transportation Systems business, will host its investor conference in New York City today, led by President and Chief Executive Officer Olivier Rabiller. As part of the conference, Rabiller and other members of the Garrett leadership team will… Continue reading Garrett Motion Inc. Hosts Investor Conference, Highlights Business and Technology Growth Drivers

Play it Safe with Brake Fluid – Change Regularly

Drivers fear “stepping into the void” – stepping on the brake pedal, feeling no resistance and experiencing none of the expected braking effect. This frightening scenario could be caused by the condition of the brake fluid. Depending on the type and duration of use, the fluid properties can change, reducing its effectiveness. ZF Aftermarket experts… Continue reading Play it Safe with Brake Fluid – Change Regularly