FCA Bank* acting through its Irish Branch successfully priced today a Euro 850 million offering of unsecured senior debt securities due November 2023, with a fixed rate coupon set at 0.125%. This issuance represents the lowest ever coupon for FCA Bank in the Eurobond market, with an order book of over Euro 5 billion from 277 investors. This issuance, the third one in 2020, falling just a couple of months after the September 2020 trade, accelerates the execution of the 2021 refinancing plan and “further strengthens the group’s funding position, confirming the investors’ confidence in FCA Bank.”
It also deftly sidesteps the consequences of conservative Boris Johnson’s government and the Brexit madness that will isolate the British economy and perhaps see a return to the Irish people of the IRA plague of violence that the Good Friday agreement ended. This nightmare of political violence also present in the US, reappeared last August when a cleanup of the paramilitary New Irish Republican Army led to arrests on terrorism-related charges and serious rioting. If Brexit talks fail, more is likely to follow, and the membership of the New IRA and other groups could grow. Continue reading










2022 Bolt EV Has More Info on EV Power Flow Screen. What It Needs is Less Price
Chevrolet 2022 Bolt Power Flow Screen pre-production. Click to Enlarge.
Chevrolet today shared a peek of the 2022 Bolt EV Power Flow Screen, which will give owners information about their electric vehicle, including regenerative braking [footnote 1] use and battery charge level. The Bolt EUV (electric utility vehicle) will be the first electric vehicle from Chevrolet to offer Super Cruise[footnote 2], the industry’s first true hands-free driver assistance system for divided and compatible highways. The refreshed Bolt EV and the Bolt EUV will go into production in summer 2021. Starting with model year 2020, the Bolt EV has an EPA-estimated 417 km of range on a full charge, a 10% increase (34 km) compared to previous model years. Be aware – as always – actual range will vary based on temperature, terrain, battery age and how a driver uses and maintains the Bolt.
Two trim levels available: LT and Premier are offered. Bolt is pricey starting just under $38,000. Bolt EV’s drive system uses a single, high-capacity electric motor for propulsion capable of producing up to 266 lb.-ft. (360 Nm) of torque and 200 hp (150 kW) of power, enabling 0-96 km/h in 6.5 seconds. Power delivery is controlled by Electronic Precision Shift system. The Bolt EV’s 66 kilowatt-hour lithium-ion battery pack is made up of 288 individual cells. The Standard DC Fast Charging system enables the battery to be charged up to 160km of range in 30 minutes. Continue reading →