CLOSE Simon Sproule, chief communications officer at Fiat Chrysler Automobiles based in Auburn Hills, is leaving the job he began Feb. 3. He resigned and has made the personal decision to step away from the auto industry, according to a source close to the situation. His last day is Friday. The company said in a statement, “Simon Sproule… Continue reading FCA’s top communications exec leaves job after just 4 months
Tag: Morgan
NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price of… Continue reading NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
@Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
SHANGHAI, China, June 09, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 60,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
AAM Announces Proposed Senior Notes Offering
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
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