Toyota Motor Corporation TM recently announced plans that it will collaborate with local partner FAW Group to build a new electric vehicle plant at Tianjin in China. Reportedly, the companies are aiming to invest around 8.5 billion yuan ($1.22 billion) in the planned car plant. The plant is expected to produce 200,000 battery-only, plug-in hybrid… Continue reading Toyota (TM) to Build a $1.22B Electric Vehicle Plant in China
Author: Yarhow_Finance Online News
Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
Magna International Inc. MGA delivered adjusted earnings per share of $1.41 in fourth-quarter 2019, beating the Zacks Consensus Estimate of $1.32. Stellar revenues in the Body Exteriors & Structures, Power & Vision and Seating Systems segments led to this outperformance. However, the bottom-line figure declined from the year-ago quarter’s $1.63. The company’s revenues declined 7.3%… Continue reading Magna (MGA) Q4 Earnings & Revenues Top Estimates, Down Y/Y
NIO Soars on China Government Deal Bernstein Calls a Bailout
(Bloomberg) — NIO Inc. reached a preliminary agreement to relocate its headquarters to another Chinese city in a deal that would raise much-needed cash. The electric-car maker’s shares surged. The framework pact with the municipal government of Hefei, where NIO’s main manufacturing hub is already located, is still subject to discussion. But in light of… Continue reading NIO Soars on China Government Deal Bernstein Calls a Bailout
NIO Announces Entry into Framework Agreement with Hefei Municipal Government
SHANGHAI, China, Feb. 25, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced that it entered into a collaboration framework agreement with the municipal government of Hefei, Anhui province, where the Company’s main manufacturing hub is located. The framework agreement is preliminary in… Continue reading NIO Announces Entry into Framework Agreement with Hefei Municipal Government
Russian driverless tech company Cognitive Pilot sets sights on IPO
By Nadezhda Tsydenova MOSCOW, Feb 21 (Reuters) – Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. The company has already attracted investment from top Russian lender Sberbank, which has bought a 30% stake, though it gave no indication… Continue reading Russian driverless tech company Cognitive Pilot sets sights on IPO
Edited Transcript of ZIL2.DE earnings conference call or presentation 19-Feb-20 1:00pm GMT
Preliminary Q4 2020 Elringklinger AG Earnings Call Dettingen/Erms Feb 19, 2020 (Thomson StreetEvents) — Edited Transcript of ElringKlinger AG earnings conference call or presentation Wednesday, February 19, 2020 at 1:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Stefan Wolf ElringKlinger AG – Chairman of the Management Board & CEO * Thomas Jessulat… Continue reading Edited Transcript of ZIL2.DE earnings conference call or presentation 19-Feb-20 1:00pm GMT
Edited Transcript of 5108.T earnings conference call or presentation 17-Feb-20 10:59am GMT
Full Year 2019 Bridgestone Corp Earnings Call Tokyo Feb 19, 2020 (Thomson StreetEvents) — Edited Transcript of Bridgestone Corp earnings conference call or presentation Monday, February 17, 2020 at 10:59:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Akihiro Eto Bridgestone Corporation – President, COO, Representative Executive Officer & Director * Masaaki Tsuya… Continue reading Edited Transcript of 5108.T earnings conference call or presentation 17-Feb-20 10:59am GMT
Chinese carmakers need to build more competitive cars: BYD president
China’s electric vehicle manufacturers posted significant losses last month, as steep cuts in government subsidies continued to weigh on the sector. But a top executive at the country’s largest EV maker, BYD, says Chinese carmakers need to “build more competitive cars” to reduce their reliance on government policies. “We need to deliver a safer car,… Continue reading Chinese carmakers need to build more competitive cars: BYD president
Yanfeng Global Auto Interior Sys Co., Ltd — Moody’s announces completion of a periodic review of ratings of Yanfeng Global Automotive Interior Systems Co., Ltd.
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Yanfeng Global Automotive Interior Systems Co., Ltd. Hong Kong, February 14, 2020 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Yanfeng Global Automotive Interior Systems Co., Ltd. and other ratings that are associated with the… Continue reading Yanfeng Global Auto Interior Sys Co., Ltd — Moody’s announces completion of a periodic review of ratings of Yanfeng Global Automotive Interior Systems Co., Ltd.
Edited Transcript of DAN earnings conference call or presentation 13-Feb-20 3:30pm GMT
Q4 2019 Dana Inc Earnings Call Maumee Feb 14, 2020 (Thomson StreetEvents) — Edited Transcript of Dana Inc earnings conference call or presentation Thursday, February 13, 2020 at 3:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Craig Barber Dana Incorporated – Senior Director of IR and Strategic Planning * James K. Kamsickas… Continue reading Edited Transcript of DAN earnings conference call or presentation 13-Feb-20 3:30pm GMT