AUBURN HILLS, Michigan, May 18, 2021 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced plans to construct a new steering wheel manufacturing plant in Aguascalientes, Mexico. When fully operational the 30,000 sqm/322,000 sq ft facility will have the potential to employ up to 3,000 people. “We are… Continue reading Autoliv Expanding Steering Wheel Manufacturing
Tag: Strategy
Canoo is being investigated by the SEC
Canoo, the Los Angeles-based electric vehicle startup that debuted on the Nasdaq public exchange earlier this year, is being investigated by the U.S. Securities and Exchange Commission, just months after its merger with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation is broad, covering the Hennessy’s initial public offering and merger with Canoo,… Continue reading Canoo is being investigated by the SEC
EV startup Canoo under SEC investigation
The Securities and Exchange Commission has opened an investigation into newly public electric vehicle startup Canoo, CEO Tony Aquila shared on a conference call on Monday. The probe is broad, though the startup said in a regulatory filing that the SEC has characterized it as a “fact-finding inquiry,” and that the agency has not yet… Continue reading EV startup Canoo under SEC investigation
@McLaren: McLaren Special Operations recreates legendary Gulf livery for 720S to celebrate two iconic brands and personalisation possibilities000104
17 May 2021 McLaren Automotive’s in-house personalisation arm, MSO, creates a bespoke 720S in the iconic Gulf Oil International racing colours Hand-painted livery took 20 days to complete Recalls legendary Gulf-GTC team McLaren F1 GTR race cars and celebrates McLaren’s renewed association with Gulf Oil International Includes matching key shells, brake calipers, bespoke interior including… Continue reading @McLaren: McLaren Special Operations recreates legendary Gulf livery for 720S to celebrate two iconic brands and personalisation possibilities000104
Japanese PE firm NSSK to buy Fujikura’s power transmission component unit …
Japanese middle-market private equity firm Nippon Sangyo Suishin Kiko (NSSK) has agreed to acquire Tokyo-headquartered Fujikura’s power transmission component business. The investment is being made through NSSK’s second fund. The financial terms of the deal remain undisclosed. The transaction is slated for completion on October 1, 2021, NSSK said in a statement. The target unit… Continue reading Japanese PE firm NSSK to buy Fujikura’s power transmission component unit …
@FCA: Stellantis and Foxconn to Announce Strategic Partnership
Invitation to a press conference call and webcast Stellantis and Foxconn to Announce Strategic Partnership Amsterdam, Taipei, May 17, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), will announce a new strategic… Continue reading @FCA: Stellantis and Foxconn to Announce Strategic Partnership
16:45 ETDana Prices €325 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…
MAUMEE, Ohio, May 14, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana“) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., has priced its offering of €325 million aggregate principal amount of 3.000% Senior Notes due 2029 (the “2029 Notes”). The 2029 Notes will be fully and unconditionally guaranteed by Dana. The company intends to allocate… Continue reading 16:45 ETDana Prices €325 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…
Alexandra Ford English, Henry Ford III win election to Ford Motor Company board
The great-great grandchildren of Henry Ford, founder of Ford Motor Co., won seats on the company’s influential board of directors. Henry Ford III and Alexandra Ford English had been nominated by the company at ages 40 and 33 to stand for election to the board at its virtual annual shareholder meeting on Thursday, the company announced on March 12. English, the daughter… Continue reading Alexandra Ford English, Henry Ford III win election to Ford Motor Company board
Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
It’s been a tough week for bitcoin. Cesc Maymo/Getty Images Bitcoin headed for a 13% fall in the week to Friday, after Elon Musk’s major U-turn on accepting the cryptocurrency as payments for Teslas, but managed to regain some stability over the course of the day. The most-traded crypto asset was down 13.1% for the… Continue reading Bitcoin slides 13% for the week after Elon Musk’s bombshell U-turn, but finds some support at $50,000
Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition
AKRON, Ohio, May 14, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 (the “2029 notes”) and $600 million aggregate principal amount of senior notes due 2031 (the “2031 notes,” and together… Continue reading Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition