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Tag: Morgan
Aston Martin hikes yield on $1.1 billion junk bond sale to 10.5%
By Abhinav Ramnarayan 2 Min Read LONDON (Reuters) – British luxury carmaker Aston Martin AML.L has increased the yield on offer for its $1.1 billion junk bond sale to around 10.5%, according to a lead manager on the deal, making it one of the highest-yielding bond issues in Europe this year. FILE PHOTO: An Aston… Continue reading Aston Martin hikes yield on $1.1 billion junk bond sale to 10.5%
@Groupe PSA: PR FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps including in respect of Faurecia stake distribu…000529
AVIS IMPORTANT En lisant cette communication, vous acceptez de fait d’être lié par les limitations et qualifications suivantes: Cette communication n’est donnée qu’à titre informatif et ne constitue ni une offre, ni une invitation à échanger ou à vendre, ni à solliciter une offre de souscription ou d’achat, ni une invitation à échanger, acheter… Continue reading @Groupe PSA: PR FCA and Groupe PSA Boards note continued progress towards merger completion and agree additional steps including in respect of Faurecia stake distribu…000529
Lyft: Virtual Validation: A Scalable Solution to Test & Navigate the Autonomous Road Ahead
By: Robert Morgan, Engineering Director and Mason Lee, Technical Program Manager To build an autonomous vehicle (AV), we need to be able to safely and efficiently modify and test its software and hardware stacks. While on-road testing may seem like an effective way to do this, it’s simply unrealistic. It’s estimated that it would take more… Continue reading Lyft: Virtual Validation: A Scalable Solution to Test & Navigate the Autonomous Road Ahead
Automotive Voice Assistant Leader Cerence Holds Off Rivals
TipRanks J.P. Morgan: 2 High-Yield Dividend Stocks to Buy Now Just two weeks ago, the markets were factoring in an all-but-certain Biden victory in the upcoming presidential election as well as a “Blue Wave” of democrats taking control of the Senate and Congress as well as the presidency. This would mean a path of least… Continue reading Automotive Voice Assistant Leader Cerence Holds Off Rivals
C8 Corvette Production Resumes After Temporary Stop Over “Supply Shortage”
C8 Corvette Production Resumes After Temporary Stop Over “Supply Shortage”
19 Oct 2020, 21:19 UTC ·
by
Mircea Panait
Home > News > Industry
Not that long ago, Finch Chevrolet sales consultant Morgan Crosbie said that Corvette production would grind to a temporary halt. Fast-forward to the present day, and the Bowling Green plant has resumed production of the mid-engine sports car.
20 photos
Morgan highlights at the 6:10 mark of the following video that 800 to 850 cars are rolling off the line weekly, and the 2020 model year has been extended into December. The sales consultant also said that “there’s a huge waiting list” for the 2021 Corvette, which is going to cost a little more if you plan to get the Z51 pack.
“We got tons of people lined up for 2022,” added Morgan, and “we've started to take deposits for the anniversary editions in 2023.” There’s no mistaking that C8 hype is at an all-time high, and we’ve not even been presented with the high-revving Z06 yet.
Chevrolet is expected to unveil the first performance-oriented C8 in the lineup next year for 2022, and as you already know, the biggest secret of the Z06 is the engine. A flat-plane crankshaft V8 with 5.5 liters of displacement is the culprit. Codenamed LT6, this engine is based on the LT5 that Corvette Racing runs in the screamin’ C8.R.
Rumored with no fewer than three wing options, Michelin Pilot Sport Cup 2 high-performance tires, and carbon-fiber wheels, the Z06 will rev higher than 8,000 rpm. It remains to be seen if Chevy will match the Voodoo V8 of the Shelby GT350, though, a 5.2-liter powerplant that keeps spinning until the tacho reaches 8,250 rpm.
After that, the E-Ray is expected as a 2023 model to replace the Grand Sport with a hybridized small-block V8. In addition to the 6.2-liter engine of the Stingray, the first-ever Corvette with a hybrid powertrain is also rumored to be the first-ever Corvette with AWD thanks to a pair of “electric motors in place of the front trunk.”
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Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility
Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility Compagnie Générale des Établissements Michelin, signed on 16 October 2020 with a group of 19 banks a new EUR 2’500’000’000 multi-currency revolving credit facility (“the Facility”). The Facility replaces the existing EUR 1,500,000,000 facility dated 12 July 2011 and amended on 20 July 2012 and 10… Continue reading Michelin signed a EUR 2.5bn Multicurrency Revolving Credit Facility
Navistar Board Of Directors Issues Response To Letter From TRATON
Following discussions between Navistar and TRATON, Navistar’s Board of Directors confirmed that it would be prepared to move forward with a transaction in which TRATON would acquire Navistar for $44.50 per share in cash. In a letter to TRATON, Navistar’s Board asked TRATON to confirm that a price of $44.50 per share is a basis… Continue reading Navistar Board Of Directors Issues Response To Letter From TRATON
C8 Corvette Production Stops Over “Supply Shortage”
C8 Corvette Production Stops Over “Supply Shortage”
9 Oct 2020, 8:23 UTC ·
by
Mircea Panait
Home > News > Car Profile
There’s no denying General Motors had a lot of trouble with the C8 Corvette so far this year, but troubles keep on coming. After UAW strikes, stop-sale orders, recalls, and one too many quality issues, the mid-engine sports car is temporarily out of production over a shortage of parts.
20 photos
This information comes from Finch Chevrolet sales consultant Morgan Crosbie who has also confirmed that Bowling Green has averaged 800 to 850 cars a week with the second shift in full swing. Crosbie says that the second shift is part of the reason why supplier are not able to keep up with the production capacity. This isn’t the first supplier hiccup for the C8, though.
Chevrolet has discontinued two popular options of the 2020 model citing supply issues, namely the high-wing rear spoiler and 5VM ground effects package. The question is, why did the golden bowtie agree on these suppliers knowing that they won’t be able to keep up with demand? Isn’t this the golden bowtie’s fault for choosing cheap suppliers over serious ones?
“Next week or the week starting on October 19th” is when Bowling Green is expected to get back in business. A month or so after production resumes, the 2021 Corvette is scheduled to start rolling off the assembly line on November 16th. Crosbie has also found out that C8 deliveries in Canada will be halted after the second week of November due to bad weather.
Speaking of winter shenanigans, the Michelin tires that come standard aren’t good for sub-zero conditions. Be it the all-season or summer-only rubber boots, these tires don’t perform well at low temperatures and the tread isn’t suitable for driving on snow. The Pilot Sport All Season 4 developed specifically for the mid-engine Corvette can pull up to 1.0 g of lateral grip but they’re still a compromise in cold states or in Canada during winter.
On a related note, Chevrolet has confirmed that pricing for the 2021 Corvette will be similar to that of the 2020 model year. The only notable changes can be found in the options list, starting with the FE2 suspension available as a standalone option for $995. As for the Z51 go-faster package that most customers opt for, it’ll soon cost $5,995 instead of $5,000.
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Hyundai confident on flying cars, steps up plans for full lineup
South Korea’s biggest automaker is stepping up its pursuit of flying cars, planning a full lineup of aerial vehicles that it envisages zigzagging city skies within a decade. Hyundai Motor Group is developing models that will carry five or six people within metropolitan areas and a bigger version to fly between cities, Jaiwon Shin, head… Continue reading Hyundai confident on flying cars, steps up plans for full lineup