GUELPH, ON , April 20, 2020 /CNW/ – Linamar Corporation (LNR.TO) today released commentary regarding ongoing COVID-19 related impacts to its business and provided the latest available updated industry conditions in the key Access, Agriculture and Automotive markets in which it operates. Linamar Corporation (CNW Group/Linamar Corporation) More A presentation deck highlighting the key actions,… Continue reading Linamar Corporation Provides Q1 and COVID-19 Related Update on Market Conditions
Author: Yarhow_Finance Online News
Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook
Moody’s Investors Service, (” Moody’s “) confirmed the ratings of Adient Global Holdings Ltd. (Adient) including Corporate Family Rating (CFR) at B2, the Probability of Default Rating at B2-PD, and the senior unsecured ratings at B3, Adient US LLC’s senior secured facilities at Ba3; and assigned a Ba3 rating to Adient US LLC’s new senior… Continue reading Adient Global Holdings Ltd — Moody’s confirms Adient’s ratings, CFR at B2, and assigns Ba3 to new senior secured note; negative outlook
Adient announces intention to offer $500 million of senior secured notes
PLYMOUTH, Mich., April 20, 2020 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient US LLC, intends, subject to market and other customary conditions, to offer $500 million in aggregate principal amount of senior secured notes due 2025 (the “Notes”) in a private offering. (PRNewsfoto/Adient) More Adient intends… Continue reading Adient announces intention to offer $500 million of senior secured notes
Adient announces preliminary Q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet
– Adient to announce Q2FY20 financial results on May 5, 2020 PLYMOUTH, Mich., April 20, 2020 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today reported certain preliminary financial results for the quarter ended March 31, 2020. Revenue in Q2FY20 is expected to be approximately $3.5B versus $4.2B in Q2FY19. Q2FY20 Adjusted EBITDA is… Continue reading Adient announces preliminary Q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet
Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Shares of Goodyear Tire & Rubber & Co. dropped 4.7% in premarket trading Thursday, after the tire maker warned of a sales miss, suspended its dividend and announced payroll cost cuts that will affect more than 9,000 employees. The company said it expects first-quarter sales to fall to $3.0 billion from $3.6 billion, compared with… Continue reading Goodyear suspends dividend, to cut payroll costs affecting 9,000 employees; stock drops
Hyundai Mobis expands its technical center in Hyderabad, India to strengthen software development of future vehicles
It will set up the second technical center in a new IT complex near the first one in Hyderabad. Aiming to address the continuous expansion of automobile software development and secure stability Expected to strengthen its position as a software-specialized center SEOUL, South Korea, April 13, 2020 /PRNewswire/ — As part of its global R&D… Continue reading Hyundai Mobis expands its technical center in Hyderabad, India to strengthen software development of future vehicles
Lear to defer 20% of salaried employees pay, cut CEO’s salary by 10%
Lear Corp. said Friday it was implementing a temporary 20% salary deferral for all salaried employees in the U.S. and Canada. The auto parts maker said Chief Executive Ray Scott’s salary will be reduced by 10% for the rest of 2020, and other named executive officer salaries will be cut by 5%. To put Scott’s… Continue reading Lear to defer 20% of salaried employees pay, cut CEO’s salary by 10%
Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic
SOUTHFIELD, Mich., April 10, 2020 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it is taking new measures to address industry conditions created by the COVID-19 pandemic. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) More In addition to previously announced actions to further strengthen its balance sheet… Continue reading Lear Takes Additional Steps to Address Impacts of COVID-19 Pandemic
Edited Transcript of KBX.DE earnings conference call or presentation 7-Mar-19 1:00pm GMT
Preliminary 2018 Knorr Bremse AG Earnings Call Apr 7, 2020 (Thomson StreetEvents) — Edited Transcript of Knorr Bremse AG earnings conference call or presentation Thursday, March 7, 2019 at 1:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Klaus Deller * Ralph Heuwing Knorr-Bremse Aktiengesellschaft – CFO & Member of Executive Board ================================================================================… Continue reading Edited Transcript of KBX.DE earnings conference call or presentation 7-Mar-19 1:00pm GMT
NIO Inc. Provides March 2020 Delivery Update
Delivered 1,533 vehicles in March 2020 Delivered 3,838 vehicles in 2020 in total Cumulative deliveries of ES8 and ES6 reached 35,751 SHANGHAI, China, April 07, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today provided its March 2020 delivery results. NIO delivered 1,533 vehicles… Continue reading NIO Inc. Provides March 2020 Delivery Update