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Hyundai recalls more than 390,000 vehicles for possible engine fires


Hyundai recalls more than 390,000 vehicles for possible engine fires
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Hyundai recalls more than 390,000 vehicles for possible engine fires
This Jul 26 2018 file photo shows the logo of Hyundai Motor Co. in Seoul, South Korea. (Photo: AP/Ahn Young-joon)
05 May 2021 12:47AM
(Updated:
05 May 2021 02:45PM)
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DETROIT: Hyundai is recalling more than 390,000 vehicles in the US and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made.
The largest recall covers more than 203,000 Santa Fe Sport SUVs from 2013 through 2015. Some are being recalled a second time. Brake fluid can leak into the anti-lock brake computer, causing an electrical short that can lead to fires.  ....

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Axalta completes Jiading plant waterborne expansion to meet surging market demand for eco-responsible coatings

/PRNewswire/ Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, has completed the expansion of its waterborne. ....

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GM Reports Strong First-Quarter 2021 Results


Net income margin of 0.9 percent, and EBIT-adjusted margin of 3.8 percent
Automotive operating cash flow of $0.3 billion, and adjusted automotive free cash flow of $(0.9) billion
EPS-diluted of $0.17, and EPS-diluted-adjusted of $0.62
GM North America EBIT-adjusted of $2.2 billion, and EBIT-adjusted margin of 8.5 percent
GM International EBIT-adjusted of $(0.6) billion, including China Equity Income of $(0.2) billion
GM Financial EBT-adjusted of $0.2 billion
2021 guidance
Full-year EPS-diluted of between $4.28 and $5.03, and EPS-diluted-adjusted of between $4.50 and $5.25
Full-year net income of between $6.8 billion and $7.6 billion, and EBIT-adjusted of between $10.0 billion and $11.0 billion
Six months ending June 30, 2021 net income of ~$3.5 billion, and EBIT-adjusted of ~$5.5 billion
See below for reconciliations of non-GAAP measures to their most directly comparable GAAP measures or visit the ....

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Electric-Car Startup Lucid Hires Waymo Veteran as Finance Chief


Electric-Car Startup Lucid Hires Waymo Veteran as Finance Chief
May 05 2021, 3:44 PM
May 05 2021, 12:30 PM
May 05 2021, 3:44 PM
(Bloomberg)
(Bloomberg)
Lucid Motors Inc., the Saudi Arabia-backed electric-vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as its chief financial officer.
Sherry House, who was treasurer and head of investor relations at the Google parent’s prized self-driving arm, starts in her new role at Lucid this week. House will focus on Lucid’s listing later in the year and expanding the business. Michael Smuts, a former Ford Motor Co. finance executive, will continue in the role of vice president of finance. ....

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BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020


BorgWarner Reports Record Net Sales For The First Quarter 2021, Up 76% Compared With First Quarter 2020
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First Quarter Highlights:
U.S. GAAP net sales of $4,009 million, up 76% compared with first quarter 2020.
Excluding the impact of foreign currencies and the net impact of acquisitions and divestitures, organic sales were up 18% compared with first quarter 2020.
U.S. GAAP net earnings of $0.27 per diluted share.
Excluding the $(0.94) per diluted share related to non-comparable items (detailed in the table below), adjusted net earnings were $1.21 per diluted share.
U.S. GAAP operating income of $403 million, or 10.1% of net sales. ....

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