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But Asian automakers that have more efficient fleets are also seeking a middle ground. Henio Arcangeli, a senior vice president at the U.S. unit of Honda Motor Co Ltd (7267.T), said without a national deal “the consumer’s going to lose.”. Mitch Bainwol, who heads the Alliance of Automobile Manufacturers, a trade group representing major automakers, said a deal makes the most sense but “time is running out. .. A successful negotiation is a win for everyone – more carbon reduction for California, a stronger and pro-job economic context for the administration and common sense certainty for our industry.”.

SAO PAULO (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) said on Wednesday it expects to keep $1 billion in cash after paying off all of its debt once a proposed $4.2 billion deal with Boeing Co (BA.N) closes, although it warned of little or no profit in the next two years, Embraer hugo boss cufflinks nordstrom expects earnings to break even before paying interest expenses and taxes in 2019, which UBS analysts said “falls below expectations.” The measure, known as EBIT, is expected to rise to between 2 percent and 5 percent of revenue in 2020, the company said in a securities filing..

In 2018, Embraer failed to meet several of its projections, coming up at least $250 million short of its revenue forecast in its executive jet division and $200 million short in its defense division. The company burned through twice as much cash as expected, with final negative cash flow of about $200 million for 2018. But it hopes to reverse that trend with Boeing money, forecasting positive cash flow of $1 billion if the sale goes through. Embraer shares, which fell as much as 5 percent in early Sao Paulo trading, were down 3.7 percent in the afternoon.

Embraer is finalizing a deal to sell 80 percent of its commercial aviation division, its most profitable unit, to Boeing for $4.2 billion, which would expand the intense competition between the U.S, planemaker hugo boss cufflinks nordstrom and Airbus SE (AIR.PA) in smaller passenger jets, Company executives said at an event in New York that Embraer would start receiving dividend payments from Boeing five years after the deal is approved, “The new Embraer is a valuable asset,” Chief Financial Officer Nelson Salgado said in New York, “Generally the market has not been attributing a big market to our executive and defense business, but we think there is a big upside.”..

Salgado pointed to sales potential with its newly launched executive jets and its signature defense plane, the KC-390, which Boeing will help market to “geopolitical allies” of the United States. The deal with Boeing was approved by the Brazilian government this month and should be put to a vote by Embraer shareholders in February before an expected close at the end of the year. The agreement also requires U.S. regulatory approval. Overall, Embraer would give shareholders over 35 percent of the proceeds from Boeing, with owners of shares trading on the New York Stock Exchange receiving about $8.50 per share, the company said.

Aircraft deliveries from the commercial division, which would be controlled by Boeing starting in 2020, are seen as being roughly flat this year from a year ago, ranging between 85 and 95 planes, The company said that its projections for 2019 include costs associated with its proposed deal with Boeing, the most significant being taxes, Embraer also published projections for 2020, the first year after the deal closes, It expects revenue to fall by about 50 percent after the separation of the commercial division in which it will retain a hugo boss cufflinks nordstrom 20 percent stake..

LONDON (Reuters) - Carmaker Ford (F.N), technology giant IBM (IBM.N), South Korean cathode maker LG Chem (051910.KS) and China’s Huayou Cobalt (603799.SS) have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Companies are under pressure from consumers and investors to prove that minerals are sourced without human rights abuses, but tracking raw materials throughout their journey is challenging.

The project announced on Wednesday has been quietly under way since December, Starting with industrially mined cobalt in Congo, it is monitoring supplies all the way to lithium-ion batteries for Ford vehicles, Supplies of cobalt, expected to be needed in huge quantities for electric vehicles and electronic devices, are concentrated in Congo, a sprawling, volatile nation that has been racked by civil war and political tension, The outcome of elections in December, which had been intended to be Congo’s first democratic transfer of power in six hugo boss cufflinks nordstrom decades, is contested, [nL8N1ZB393]..