Bloomberg Turkish Crypto Exchange Goes Bust as Founder Flees Country (Bloomberg) — One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder, who fled the country.Confusion reigned about how many… Continue reading Autoliv Inc (ALV) Q1 2021 Earnings Call Transcript
Author: Yarhow_Finance Online News
Dana Expands Production of All-Wheel-Drive Axle Systems to Support Additional Ford, Lincoln Vehicle Programs in China
SHANGHAI, April 19, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced that the company is now supporting an expanded roster of Ford Motor Company all-wheel-drive vehicle programs from its state-of-the-art manufacturing facility in Chongqing, China. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Dana recently began producing its award-winning Spicer AdvanTEK Ultra™ axles with Spicer SmartConnect™ disconnecting… Continue reading Dana Expands Production of All-Wheel-Drive Axle Systems to Support Additional Ford, Lincoln Vehicle Programs in China
Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions
TipRanks 2 “Strong Buy” Penny Stocks That Could See 100% Gains (Or More) In a recent review of the market’s current conditions, JPMorgan strategist Eduardo Lecubarri recaps his view that 2021 will see modest gains across stocks generally – but outperformance among the small/mid-cap sector. Lecubarri believes that investors can find opportunities for big upside… Continue reading Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions
Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages
Bloomberg Foxconn’s Profit Misses Estimates as Pivot to Cars Accelerates (Bloomberg) — Hon Hai Precision Industry Co. warned that component shortages could persist till 2022 and affect under a tenth of its shipments, amplifying concerns that a global chip crunch could extend well beyond this year.The assembler of most of the world’s iPhones follows fellow… Continue reading Romeo Power Tumbles As EV Battery Play Warns Of 2021 Shortages
Romeo Power Earnings On Tap As EV Battery Demand Soars
Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos… Continue reading Romeo Power Earnings On Tap As EV Battery Demand Soars
Adient US LLC — Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positive
Rating Action: Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positiveGlobal Credit Research – 29 Mar 2021New York, March 29, 2021 — Moody’s Investors Service (Moody’s) affirmed the ratings of Adient Global Holdings Ltd (Adient) including the corporate family rating (CFR) at B2, the Probability of Default… Continue reading Adient US LLC — Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positive
Adient Global Holdings Ltd — Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positive
Rating Action: Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positiveGlobal Credit Research – 29 Mar 2021New York, March 29, 2021 — Moody’s Investors Service (Moody’s) affirmed the ratings of Adient Global Holdings Ltd (Adient) including the corporate family rating (CFR) at B2, the Probability of Default… Continue reading Adient Global Holdings Ltd — Moody’s affirms Adient’s ratings with CFR at B2 and senior secured at Ba3; outlook changed to positive
Xiaomi Plans to Invest $10 Billion in Making Electric Cars
(Bloomberg) — Xiaomi Corp. plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market. Billionaire co-founder Lei Jun will lead a new standalone division that will invest an initial 10 billion yuan ($1.5 billion) on smart vehicle manufacturing, the company… Continue reading Xiaomi Plans to Invest $10 Billion in Making Electric Cars
Xiaomi Shares Surge As Report Says Company To Make Electric Vehicles Aimed At Mass Market In China
Bloomberg Turkey’s Central Bank Chief May Have Little Time to Repair Trust (Bloomberg) — If the experience of Sahap Kavcioglu’s most recent predecessors is any indication, Turkey’s new central-bank chief has little time left to win back the trust of foreign-exchange traders — or he may lose it forever.In the past three instances when President… Continue reading Xiaomi Shares Surge As Report Says Company To Make Electric Vehicles Aimed At Mass Market In China
Eaton and Tenneco Partner to Produce New, Integrated Exhaust Thermal Management System
LAKE FOREST, Ill., March 25, 2021 /PRNewswire/ — Power management company Eaton (NYSE: ETN) and Tenneco (NYSE: TEN) today announced a joint development agreement between Eaton’s Vehicle Group and Tenneco’s Clean Air business group to produce an integrated exhaust thermal management system that will enable commercial truck and light vehicle manufacturers to meet upcoming emissions… Continue reading Eaton and Tenneco Partner to Produce New, Integrated Exhaust Thermal Management System