Archer’s Midnight aircraft is designed to be safe, sustainable, quiet and carry four passengers plus a pilot. Midnight is optimized for back-to-back short distance trips of around 20-50 miles. Stellantis N.V. and Archer Aviation Inc. on Monday announced that Stellantis recently completed a series of open market purchases of ~8.3 million shares of Archer’s stock,… Continue reading Stellantis increases stake in Archer Aviation
Tag: Contract Manufacturer
Automobili Pininfarina Battista now available to drive, and customise, in Forza Horizon
Automobili Pininfarina Battista electric hyper GT Gamers and racing fans can now get behind the wheel of the Automobili Pininfarina Battista electric hyper GT, following its addition to the open world driving action of Xbox Game Studios and Playground Games’ award-winning Forza Horizon 5 video game. Available as part of a new downloadable ‘European Automotive… Continue reading Automobili Pininfarina Battista now available to drive, and customise, in Forza Horizon
Fisker Suspends Its EV Production
Following recent reports that Fisker has been preparing for a possible bankruptcy filing, today the embattled automaker announced that it is suspending all manufacture of its electric vehicles. “Fisker will pause production for six weeks starting the week of March 18, 2024, to align inventory levels and progress strategic and financing initiatives,” the company said… Continue reading Fisker Suspends Its EV Production
Magna annonce le placement de billets de premier rang
AURORA, Ontario, 18 mars 2024 (GLOBE NEWSWIRE) — Magna International, Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui avoir conclu un accord de prise ferme concernant le placement de billets de premier rang non garantis d’un montant total de 400 millions de dollars américains, à échéance 2029 (les « Billets »). Les Billets porteront intérêt à un taux annuel de 5,050 %… Continue reading Magna annonce le placement de billets de premier rang
Magna kündigt die Emission vorrangiger Schuldverschreibungen an
AURORA, Ontario, March 18, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) gab heute den Abschluss eines Übernahmevertrags für die Emission von vorrangigen unbesicherten Schuldverschreibungen mit einem Gesamtnennbetrag von 400 Millionen US-Dollar und Fälligkeit im Jahr 2029 (die „Schuldverschreibungen“) bekannt. Die Schuldverschreibungen werden mit einem jährlichen Zinssatz von 5,050 % verzinst und haben… Continue reading Magna kündigt die Emission vorrangiger Schuldverschreibungen an
German Manager Magazine: Electric car: Fisker doesn’t pay interest and stops production003180
The cash-strapped US electric car industryStartup Fisker stops production of its Ocean model. Production at contract manufacturer Magna in Austria will be interrupted for six weeks, the company announced on Monday. Fisker previously owed $8.4 million in interest on convertible notes. The company said it deliberately decided to default in order to gain time for… Continue reading German Manager Magazine: Electric car: Fisker doesn’t pay interest and stops production003180
@Fisker: Fisker Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update000219
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced a financing commitment from an existing investor providing up to $150 million of gross proceeds. The financing is being provided by the holder of the company’s 2025-dated convertible notes and will be… Continue reading @Fisker: Fisker Announces Receipt of Financing Commitment of Up to $150 Million and Provides Business Update000219
Magna annonce le placement de billets de premier rang
AURORA, Ontario, 18 mars 2024 (GLOBE NEWSWIRE) — Magna International, Inc. (TSX : MG ; NYSE : MGA) a annoncé aujourd’hui avoir conclu un accord de prise ferme concernant le placement de billets de premier rang non garantis d’un montant total de 400 millions de dollars américains, à échéance 2029 (les « Billets »). Les Billets porteront intérêt à un taux annuel de 5,050 %… Continue reading Magna annonce le placement de billets de premier rang
Magna kündigt die Emission vorrangiger Schuldverschreibungen an
AURORA, Ontario, March 18, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) gab heute den Abschluss eines Übernahmevertrags für die Emission von vorrangigen unbesicherten Schuldverschreibungen mit einem Gesamtnennbetrag von 400 Millionen US-Dollar und Fälligkeit im Jahr 2029 (die „Schuldverschreibungen“) bekannt. Die Schuldverschreibungen werden mit einem jährlichen Zinssatz von 5,050 % verzinst und haben… Continue reading Magna kündigt die Emission vorrangiger Schuldverschreibungen an
Fisker Ocean production stops for six weeks as funding talks continue
Fisher is pausing production of the Ocean SUV for six weeks as it looks to secure crucial financial backing, amid doubts over its ability to continue operating. The move comes as the EV firm announces some $150 million in funding from an existing investor, who remains nameless. The money will be provided in the form… Continue reading Fisker Ocean production stops for six weeks as funding talks continue