30.05.2018 Ι Fusion in the railway industry: Siemens Mobility and Alstom go together. A Europe-wide Day of Action today saw thousands of workers joining for collateral and guarantees for all sites in Europe. So far, the companies have made specific commitments only for the German and French locations. Thousands of employees of Alstom and Siemens… Continue reading Europe-wide day of action
Tag: Manufacturing
Opel: agreement with management
30.05.2018 Ι After weeks of disputes with the management, the Opelers have progressed a bit yesterday. The Group assures employees protection against dismissal and investments that secure the future of all locations. The General Works Council, the Bochum works council and the IG Metall district center have agreed on key points with the Opel management… Continue reading Opel: agreement with management
American Axle loan refinancing expected to be shelved as markets soften – sources
NEW YORK (LPC) – A refinancing transaction for driveline system maker American Axle & Manufacturing is expected to be shelved as a softening in the equity and corporate debt markets is making investors wary of buying into new leveraged loans that could lose value in the secondary market, sources said. JP Morgan is leading the… Continue reading American Axle loan refinancing expected to be shelved as markets soften – sources
Report: Nissan to cut North America output
Ma Jie, Bloomberg News Published 5:14 p.m. ET May 29, 2018 Nissan’s output in the U.S. has been sliding for 10 consecutive months as of March, and the contraction is likely to have extended in April as well, with the company reporting its production data this week. Sales plunged 28 percent in the month. (Photo:… Continue reading Report: Nissan to cut North America output
Hyundai Is Spending $388 Million to Expand Alabama Engine Output
LISTEN TO ARTICLE SHARE THIS ARTICLE Hyundai Motor Co. will invest $388 million to expand and upgrade its engine manufacturing operations in Montgomery, Alabama, and create 50 new jobs. The Seoul-based automaker will spend about $40 million to build a new engine head machining facility that will be completed in November and operational by mid-2019,… Continue reading Hyundai Is Spending $388 Million to Expand Alabama Engine Output
World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?
11 M BY MARK KANE Contemporary Amperex Technology Ltd. (CATL), one of the biggest manufacturers of lithium-ion batteries for vehicles, would like to raise 13.1 billion yuan ($2 billion) by selling a 10% stake, at a valuation of about $20 billion. However, according to Bloomberg, after profitability weakened, the company is valuated at just $8.5… Continue reading World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?
Germany: Opel and IG Metall agree
After months of negotiations, the Opel management and the IG Metall union-controlled works council came to an agreement in principle on the future of the sites of the German subsidiary of PSA. In exchange for additional wage efforts and a staff reduction capped at 3,700 out of 19,000 in Germany, the staff obtained a backup… Continue reading Germany: Opel and IG Metall agree
Tesla Model 3 drives 606 miles on a single charge in hypermiling record
It only took 32 hours of continuous driving in sweltering temperatures, but two Colorado residents have set a new “hypermiling” record by driving their Tesla Model 3 606.2 miles (975 km) on a single charge. It beat a previous record of 560 miles from a Tesla Model S P100D, but it fell slightly short of… Continue reading Tesla Model 3 drives 606 miles on a single charge in hypermiling record
Fisker’s comeback powered by new battery
“We are going to see a huge disruption in mobility. We will see a large amount of new type of vehicles emerge, which will make 20 or 30, or 40 percent of our time more efficient”Henrik Fisker Automotive design maven Henrik Fisker’s new venture might be less about the automobile than the technology that will… Continue reading Fisker’s comeback powered by new battery
Geofencing technology demonstration in Stockholm
Tue, May 29, 2018 19:45 CET (Stockholm, Sweden, May 29, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety system, today announced that Veoneer, its electronics business, today participated in a geofencing urban environment technology demonstration in Stockholm, Sweden. Geofencing refers to a geographic zone where the entry, speed… Continue reading Geofencing technology demonstration in Stockholm