DETROIT, June 9, 2020 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) (“Holdings”) announced today that its wholly owned subsidiary, American Axle & Manufacturing, Inc. (“AAM”), is planning a public offering of $400 million of senior notes, subject to market and other conditions. The notes will bear interest at a rate to be determined… Continue reading AAM Announces Proposed Senior Notes Offering
Tag: Morgan
Aptiv PLC Announces Proposed Offerings of Ordinary Shares and Mandatory Convertible Preferred Shares
DUBLIN, June 8, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced that it has commenced concurrent proposed offerings of $1.0 billion of ordinary shares (the “Ordinary Shares Offering”) and $1.0 billion of Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) (the “Preferred Shares Offering,” and together with the Ordinary… Continue reading Aptiv PLC Announces Proposed Offerings of Ordinary Shares and Mandatory Convertible Preferred Shares
Amazon Close to Finalizing its Purchase of Autonomous Vehicle Startup Zoox – FutureCar
Author: Vineeth Joel Patel Amazon has its foot in so many areas that it’s almost too much to comprehend. Whole Foods, IMDb, Twitch, Audible, Zappos, Goodreads, and LivingSocial are just a few companies that fall under Amazon’s wide reach. One area where Amazon hasn’t really ventured into yet is the automotive realm. The company may… Continue reading Amazon Close to Finalizing its Purchase of Autonomous Vehicle Startup Zoox – FutureCar
Ford, GM, FCA to keep many white-collar employees working remotely
CLOSE Non-manufacturing salaried workers at the Detroit Three are not returning to their office jobs anytime soon. At Ford, the majority of U.S. non-manufacturing employees won’t return to the office before September, a Ford spokesman told the Free Press Thursday. That’s pushed back from Ford’s previous plan to bring them back in July. The Ford Motor Company World Headquarters on Michigan Avenue in… Continue reading Ford, GM, FCA to keep many white-collar employees working remotely
ECB expands pandemic support to over $1.5 trillion
LONDON (Reuters) – The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic. FILE PHOTO: The European Central Bank logo. Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski/File Photo HIGHLIGHTS: ** ECB… Continue reading ECB expands pandemic support to over $1.5 trillion
India: CarTrade said to be raising $42.8m in Series H Round
Online auto classifieds platform CarTrade, operated by MXC Solution Private Ltd,is raising Rs 321.7 crore from investors including Mauritius-based Highdell Investment, per a report by INC42. This marks the Series H round of funding for the Mumbai-headquartered company, the report added. The company, backed by Warburg Pincus, JP Morgan, Temasek, March Capital and Epiphany ventures,… Continue reading India: CarTrade said to be raising $42.8m in Series H Round
Rivian makes cuts and names new chief operating officer
Amazon-backed EV startup Rivian has laid off about 40 employees at its engineering and design center in Plymouth, Michigan, The Verge has learned. The cuts, which the company has confirmed to The Verge, were made across departments and included engineers, recruiters, and others, according to two former employees. The company has also made a number… Continue reading Rivian makes cuts and names new chief operating officer
Edited Transcript of ZIL2.DE earnings conference call or presentation 7-May-20 12:00pm GMT
Q1 2020 Elringklinger AG Earnings Call Dettingen/Erms May 27, 2020 (Thomson StreetEvents) — Edited Transcript of ElringKlinger AG earnings conference call or presentation Thursday, May 7, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Stefan Wolf ElringKlinger AG – Chairman of the Management Board & CEO * Thomas Jessulat ElringKlinger… Continue reading Edited Transcript of ZIL2.DE earnings conference call or presentation 7-May-20 12:00pm GMT
McLaren pledges luxury cars as collateral in bid to secure £250m
When the government called for British industry to help build life-saving ventilators as the scale of the coronavirus crisis became clear, McLaren was one of the first to step forward. As part of the VentilatorChallengeUK consortium alongside Airbus and Rolls-Royce, by mid-April the Formula One firm was making components for the life-saving machines and building… Continue reading McLaren pledges luxury cars as collateral in bid to secure £250m
Edited Transcript of APTV earnings conference call or presentation 5-May-20 12:00pm GMT
Q1 2020 Aptiv PLC Earnings Call May 22, 2020 (Thomson StreetEvents) — Edited Transcript of Aptiv PLC earnings conference call or presentation Tuesday, May 5, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Elena Doom Rosman Aptiv PLC – VP of IR * Joseph R. Massaro Aptiv PLC – Senior… Continue reading Edited Transcript of APTV earnings conference call or presentation 5-May-20 12:00pm GMT