Tag: Morgan

UAW cites ‘significant progress’ in Ford talks as GM strike continues

WASHINGTON (Reuters) – The United Auto Workers union said on Thursday it has made “significant progress” in contract talks with Ford Motor Co (F.N), even as a strike at General Motors Co (GM.N) is in its third week. FILE PHOTO: General Motors assembly workers picket outside the General Motors Bowling Green plant during the United… Continue reading UAW cites ‘significant progress’ in Ford talks as GM strike continues

What it’s really like behind doors of GM, UAW contract talks

CLOSE The UAW’s elected bargaining committee stand “solidarity strong” at the main bargaining table where they are negotiating with General Motors bargainers for a new tentative agreement.  (Photo: UAW) Late nights, early mornings and a lot of hurry up to wait. That’s the life of UAW and General Motors bargainers who are enduring a process that… Continue reading What it’s really like behind doors of GM, UAW contract talks

Auto workers’ strike pushes GM losses past $1 billion

The workers strike against General Motors — now in its third week — has cost the automaker more than $1 billion during the third quarter, according to a research note from J.P. Morgan analyst Ryan Brickman. And those losses are accelerating with each passing week. GM lost about $480 million during the first week of… Continue reading Auto workers’ strike pushes GM losses past $1 billion

Press: ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V., has successfully placed 8.9 million shares in Haldex AB with institutional investors

Friedrichshafen (Germany), September 20, 2019 – ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V. (“ZF”), has successfully placed c. 8.9 million shares in Haldex AB (“Haldex”), representing approximately 20% of Haldex’s outstanding share capital, with institutional investors in an accelerated bookbuilding process (“Offering”). The placement price was SEK 50.00 per share and represents… Continue reading Press: ZF Friedrichshafen AG, through its wholly-owned subsidiary ZF International B.V., has successfully placed 8.9 million shares in Haldex AB with institutional investors

Wales’ first electric bus to hit the road

Media playback is unsupported on your device Wales’ first electric bus will start work on the roads of Newport this week. Newport Transport has bought a former demonstration bus which will be the first in Wales to be used on a permanent basis. The city, along with Cardiff and Caerphilly, has won grant funding from… Continue reading Wales’ first electric bus to hit the road

GM, Ford planning for possible economic downturn: executives

FILE PHOTO: The logo of Ford is seen on a 2020 Ford Explorer car at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski (Reuters) – The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and… Continue reading GM, Ford planning for possible economic downturn: executives

Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion, TechCrunch has learned. The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by the… Continue reading Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Beyond The Bus: Proterra Repackages Its Electric Transit Tech To Power Heavy-Duty Commercial Vehicles – Forbes

Proterra is working with Daimler’s Thomas Built Buses unit to supply battery-powered models for schools. Proterra Proterra, a maker of electric transit buses that may be heading for an IPO, has set up a new division to sell its batteries, motors and other components for use in commercial trucks, sanitation vehicles and a range of… Continue reading Beyond The Bus: Proterra Repackages Its Electric Transit Tech To Power Heavy-Duty Commercial Vehicles – Forbes

‘Truck, truck and away’: Pickups drive GM’s profit beat

DETROIT (Reuters) – General Motors Co (GM.N) posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast. FILE PHOTO: General Motors Co. displays the new Chevrolet 2020 Silverado HD pickup truck at the GM Flint… Continue reading ‘Truck, truck and away’: Pickups drive GM’s profit beat