Tag: suspension (Page 2 of 2)

China’s Cash-Strapped HNA Secures Restructuring Deal

December 3, 2019 / WIL BALDWIN

HONG KONG, Dec 2 (Reuters) – Cash-strapped Chinese conglomerate HNA Group said on Monday it has agreed a deal to restructure its low-cost carrier West Air with a Chongqing-based asset management firm.

Chongqing Yufu Asset Management Group and its affiliates will together hold at least 70% stake in West Air, becoming the biggest shareholder, HNA said in a statement.

West Air, established in 2007, operates about 160 domestic and international routes with a fleet of 35 airplanes.

It has been directly controlled by HNA, whose affiliates also own struggling Hong Kong Airlines as well as Hainan Airlines Holding Co Ltd.

Budget carrier Hong Kong Airlines was ordered by Hong Kong’s air transport regulator on Monday to shore up its financial position by Dec. 7 or risk the suspension or loss of its licence.

Hainan Airlines, which has seen declining profits, said in a Shanghai stock exchange filing on Monday that it will seek 4 billion yuan ($568 million) in loans from eight banks led by China Development Bank.

The funds will be used to cover the costs of fuel, maintenance charges, staff salaries and operational expenses, it said in the filing.

$1 = 7.0389 Chinese yuan renminbi

Reporting by Meg Shen; Editing by Edmund Blair and Susan Fenton

Lincoln Electric SUV to use Ford-backed Rivian ‘Skateboard’ Chassis

November 28, 2019 / WIL BALDWIN

DETROIT — A battery-powered Lincoln SUV, due in mid-2022, will be the first Ford Motor Co. vehicle built on a custom electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, according to several people familiar with the program.

The all-wheel-drive Lincoln SUV could compete against Rivian’s R1S, an electric sport utility vehicle slated to go into production in early 2021 that will be priced from $72,500. Both models will use Rivian’s so-called skateboard, a flexible platform that combines electric motors, batteries, controls and suspension.

On Tuesday, Ford declined to comment. Rivian did not respond to a request for comment.

The new Lincoln, which carries the internal program code U787, also could compete with premium offerings from others, including General Motors Co, which plans to introduce at least two new electric SUVs by 2023, one for Cadillac and one that could revive the Hummer name, sources have said.

Ford invested $500 million in Rivian this year and plans to help it begin production next year at a former Mitsubishi plant in Normal, Illinois.

When Ford made the investment, it said it would use Rivian’s skateboard to develop its own electric vehicle, but did not disclose details.

It is not clear where Ford intends to build the Lincoln SUV, which will be among the first of several battery-powered utility vehicles planned for Ford’s premium brand in North America and China, according to supplier sources familiar with those programs who asked not to be identified.

Ford expects to introduce a compact Lincoln electric crossover in late 2021 or early 2022 and a mid-size companion in 2023, the sources said.

The U.S. auto industry plans to invest billions of dollars over the next few years to build all-electric pickups and SUVs, sectors of the market that have been among the most profitable, especially for Detroit-based automakers.

But analysts have questioned whether demand from consumers and commercial customers will come close to matching production.

Founded in 2009, Rivian has raised $1.9 billion from investors, including e-commerce giant Amazon, which has ordered 100,000 electric delivery vehicles from Rivian. The first Amazon vans will be built in Normal and are to be delivered in 2021.

Ford aims to sell an electric F-series pickup in late 2021, sources have said. It also will offer the electric Mustang Mach E SUV next year as part of plans to invest $11.5 billion by 2022 electrifying its vehicles.

Alstom Digital Train Control System Enters Service on Wuppertal Suspension Railway

September 8, 2019 / WIL BALDWIN

A new version of Alstom’s Atlas ETCS train control system has entered service on the Wuppertal Suspension Railway (Wuppertaler Schwebebahn), located in western Germany. Following a contract signed with WSW mobil GmbH, Alstom equipped the entire suspended route, including 31 new vehicles and the century-old imperial wagon (Kaiserwagen), with ETCS, the European standard for train control systems.

The entry into service marks the completion of Alstom’s first full train control and signalling contract in Germany. It comprises line-side equipment, such as interlocking, radio block centre (RBC) and necessary line elements via train control systems, as well as an interface to the computer-aided operation control system.

The Wuppertal project represents the very first application of ERTMS Level 3 in which track occupancy is solely realised using train localisation performed by the ETCS equipment onboard the train. Alstom replaced the traditional trackside train detection systems such as axle counters with a digital signalling system whereby the ETCS-equipped vehicles communicate their positions directly to the central computer (or RBC) via radio.

“With the successful implementation of this project, Wuppertal is the first city in Germany to use the European train control system in urban transport. ETCS does not only provide for safer and more efficient train operation, but also serves as a basis for many future technologies,” says Jörg Nikutta, Managing Director of Alstom in Germany and Austria.

Alstom’s ETCS system Atlas was developed in Charleroi (Belgium), while the system components were produced at Alstom’s sites in Villeurbanne (France) and Bologna (Italy). The systems are installed and commissioned in Wuppertal by Alstom staff from Charleroi, Salzgitter and Berlin.

Alstom is market leader for ETCS on-board equipment. Since 2006, Alstom has equipped 8,200 vehicles (3,200 of which are already in operation) and for 18,000 kilometres of line (7,000 in operation) with ETCS equipment. A large part of DB’s ICE fleet has also been running with Alstom’s ETCS technologies on the high-speed line between Berlin and Munich since 2017.

Check out the video about the Wuppertaler Schwebebahn

Upgraded Mustang Shelby GT350R Gets New Chassis Technology From GT500

August 12, 2019 / WIL BALDWIN

DEARBORN, Mich., Aug. 12, 2019 – As the greatest-ever Mustang performance lineup hits the streets, the 2020 Mustang Shelby GT350R picks up new performance tech and colors from its stablemates to make it more fun to drive on the track and off.

Enhancing handling and steering responsiveness, Shelby GT350R refinements for 2020 include redesigned front suspension geometry with a redesigned high-trail steering knuckle leveraged from the all-new Shelby GT500. To elevate driver confidence and steering precision, a new steering rack and recalibrated electric power steering control is also added.

“It’s always been our plan to take the latest innovations from the GT500 program and strategically apply them across the Mustang lineup,” said Ed Krenz, Ford Performance chief program engineer. “These latest updates to the GT350R keep its performance competitive and on the top if its game, whether that’s on the track or on the street.”

GT350R continues to also deliver against aggressive targets for weight reduction with a rear seat delete and carbon fiber wheels. Exhaust resonators also have been removed for weight savings with the benefit of creating a sharper exhaust tone.

For customers seeking more comfort in their Shelby GT350R, Ford offers an available Technology Package with a 12-speaker B&O premium sound system, Blind Spot Information System with Cross-Traffic Alert, Cobra Puddle Lamps and voice-activated navigation.

Also standard are carbon fiber wheels, larger front splitter and rear wing.

Standing apart from GT350, GT350R features distinct design details. Exterior touches include red painted brake calipers, red pin striping at the edges of the optional over-the-top racing stripes and Shelby GT350R badging. Inside is high-contrast red stitching, Shelby GT350R badging and the D-shaped steering wheel fitted with a red center mark at the top.

Shelby GT350
2020 Shelby GT350 carries over previous updates, including the latest advances in tire, aerodynamics and chassis technology. GT350 shares some new Mustang colors and new driver technologies. Grabber Lime and Twister Orange are two bright, new heritage feature colors that trace back to the 1970s, while new Iconic Silver and Red Hot Metallic provide some classic hues to the lineup.

FordPass Connect^™, now standard on Mustang for 2020, allows owners to interact with their vehicles via a smartphone. Using FordPass Connect’s phone application, GT350 owners can locate their parked car, lock and unlock it, and check vehicle status, such as fuel, oil levels and maintenance alerts. The availability of these features varies by market.

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GT350, GT500 and Shelby are registered trademarks of Carroll Hall Shelby Trust. Horsepower and torque ratings are based on using fuel as per SAE J1349 standard; actual performance may vary.

China’s Cash-Strapped HNA Secures Restructuring Deal

Lincoln Electric SUV to use Ford-backed Rivian ‘Skateboard’ Chassis

Alstom Digital Train Control System Enters Service on Wuppertal Suspension Railway

Upgraded Mustang Shelby GT350R Gets New Chassis Technology From GT500

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