Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Continental AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a… Continue reading Continental Rubber of America, Corp. — Moody’s announces completion of a periodic review of ratings of Continental AG
Author: Yarhow_Finance Online News
Nio Will Build 200 Brick-And-Mortar Stores This Year, Report Says
Nio Inc – ADR (NYSE: NIO) sharesscaled the threshold Tuesday, extending their winning streak to nine straight sessions and are poised to open higher yet again. Reflecting the electric vehicle maker’s optimism concerning sales resurgence, Nio said it’s planning to build around 200 brick-and-mortar stores, including both Nio House and Nio Space, by the end… Continue reading Nio Will Build 200 Brick-And-Mortar Stores This Year, Report Says
Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul More SEOUL (Reuters) – Elliott Management sold all its shares in Hyundai Motor Group companies last year, a South Korean newspaper reported on Wednesday, after the U.S. activist hedge fund’s campaign demanding 7 trillion won ($6 billion) in dividends and board… Continue reading Activist hedge fund Elliott sells stakes in Hyundai Motor companies: paper
Eaton Reaches Agreement to Sell Its Hydraulics Business for $3.3 Billion
Power management company Eaton (NYSE:ETN) today announced it has entered into an agreement to sell its Hydraulics business to Danfoss A/S, a Danish industrial company, for $3.3 billion in cash. This represents a 13.2 multiple of 2019 EBITDA. Eaton’s Hydraulics business, which accounted for 86 percent of Eaton’s Hydraulics segment revenue in 2019, is a… Continue reading Eaton Reaches Agreement to Sell Its Hydraulics Business for $3.3 Billion
Edited Transcript of HLE.DE earnings conference call or presentation 14-Jan-20 9:00am GMT
Q2 2020 HELLA GmbH & Co KgaA Earnings Call Lippstadt Jan 15, 2020 (Thomson StreetEvents) — Edited Transcript of HELLA GmbH & Co KgaA earnings conference call or presentation Tuesday, January 14, 2020 at 9:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Rolf Breidenbach HELLA GmbH & Co. KGaA – Chairman of… Continue reading Edited Transcript of HLE.DE earnings conference call or presentation 14-Jan-20 9:00am GMT
HELLA and Oculii Establish Strategic Partnership to Deliver Radar Perception Platform That Scales From ADAS to Autonomous Driving – HELLA Ventures Becomes Investor
Oculii’s patented Virtual Aperture Imaging Software Technology significantly increases the angular resolution of a radar phased array – dramatically improving safety, reliability, and efficiency of autonomous vehicles. HELLA, one of the world’s leading automotive suppliers for radar, lighting, and electronic systems, and Oculii, a pioneer in advanced software solutions for radar technology, have established a… Continue reading HELLA and Oculii Establish Strategic Partnership to Deliver Radar Perception Platform That Scales From ADAS to Autonomous Driving – HELLA Ventures Becomes Investor
NIO Inc. Provides December 2019 Delivery Update
Delivered 3,170 vehicles in December 2019, including 2,537 ES6s and 633 ES8s Cumulative deliveries of ES8 and ES6 reached 31,913 SHANGHAI, China, Jan. 06, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today provided its December 2019 delivery results. NIO delivered 3,170 vehicles in December… Continue reading NIO Inc. Provides December 2019 Delivery Update
Tesla Reaches Preliminary Battery-Supply Deal With CATL
(Bloomberg) — Tesla Inc. has reached a preliminary agreement to start using CATL as a battery supplier for cars made in China from as early as next year, and the companies are in talks to expand the relationship globally, according to people familiar with the matter. Following months of negotiations, the companies clinched a non-binding… Continue reading Tesla Reaches Preliminary Battery-Supply Deal With CATL
Eaton Completes Sale of its Automotive Fluid Conveyance Division
Power management company Eaton (NYSE:ETN) today announced it has completed the sale of its Automotive Fluid Conveyance Division to Quantum Capital Partners. Terms of the transaction were not disclosed. The Automotive Fluid Conveyance Division manufactures hydraulic power assisted steering, active ride systems, oil cooling, air conditioning and plastic components for the automotive industry. It employs… Continue reading Eaton Completes Sale of its Automotive Fluid Conveyance Division
NIO Dazzling Showrooms in Peril as Tesla Nears China Launch
1 / 2 NIO Dazzling Showrooms in Peril as Tesla Nears China Launch (Bloomberg) — China’s most high-profile challenger to Tesla Inc. has had a tough year, and 2020 isn’t looking any easier. Electric-car maker NIO Inc. has accumulated a deficit of almost $6 billion since its founding in 2014, spending extensively on marketing and… Continue reading NIO Dazzling Showrooms in Peril as Tesla Nears China Launch