HONG KONG/SHANGHAI (Reuters) – Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker. FILE PHOTO: Visitors check NIO ES8 displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25,… Continue reading CORRECTED-NIO seeks to raise $1.8 bln in biggest U.S. listing by China automaker
Author: Ritters US Newsfeed
UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
(Reuters) – Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan. What exactly Musk had intended by saying “secured” has emerged as a potential legal and regulatory minefield for the Silicon Valley… Continue reading UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns
WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center… Continue reading UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns
UPDATE 1-Tesla CEO Musk accused in lawsuit of fraud over going-private proposal
(Reuters) – Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to “completely decimate” short-sellers that included Musk’s proposal to take the electric car company private. FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla,… Continue reading UPDATE 1-Tesla CEO Musk accused in lawsuit of fraud over going-private proposal
UPDATE 3-Mazda, Suzuki, Yamaha Motor apologise for improper vehicle tests
TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers. The results came to light after the government had ordered the automakers to check their operations after revelations of improper… Continue reading UPDATE 3-Mazda, Suzuki, Yamaha Motor apologise for improper vehicle tests
GM squeezes pounds and pennies to attack Ford’s pickup profit machine
FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet Silverado… Continue reading GM squeezes pounds and pennies to attack Ford’s pickup profit machine
Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing
TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co conducted improper fuel economy and emissions tests on their vehicles, Japan’s transport ministry said on Thursday. The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon/File Photo The report is… Continue reading Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing
UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
(Reuters) – U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Securities and Exchange… Continue reading UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ
Ford executive says baby offroader in product pipeline
(Reuters) – Ford Motor Co (F.N) plans to introduce a small utility vehicle based on its compact Focus sedan, with more rugged offroad styling cues than the Escape, a top executive said on Wednesday. FILE PHOTO – A Ford logo is pictured at a car dealership in Monterrey, Mexico, November 9, 2016. REUTERS/Daniel Becerril/File Photo… Continue reading Ford executive says baby offroader in product pipeline