(Bloomberg) — Northvolt AB is closing in on an about $300 million rescue package that includes debt and equity, according to people familiar with the matter, buying time for the cash-strapped Swedish battery maker to stabilize production and line up longer-term financing. Most Read from Bloomberg A combination of shareholders, lenders and customers are participating… Continue reading Northvolt Nears $300 Million Rescue Package to Ease Crunch
Author: Yarhow_Finance Online News
Individual investors account for 43% of Linamar Corporation’s (TSE:LNR) ownership, while insiders account for 35%
Key Insights Significant control over Linamar by individual investors implies that the general public has more power to influence management and governance-related decisions A total of 17 investors have a majority stake in the company with 50% ownership Insiders have sold recently To get a sense of who is truly in control of Linamar Corporation… Continue reading Individual investors account for 43% of Linamar Corporation’s (TSE:LNR) ownership, while insiders account for 35%
Earnings Preview: Lear (LEA) Q3 Earnings Expected to Decline
Lear (LEA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term… Continue reading Earnings Preview: Lear (LEA) Q3 Earnings Expected to Decline
Mobis invests in BEV parts plants in Slovakia
Hyundai Mobis signs Investment Agreement in Bratislava Hyundai Mobis Company, the main component manufacturing affiliate of South Korea’s Hyundai Motor Group (HMG), has agreed to invest around KRW350bn (US$257m) to build new manufacturing facilities in Slovakia to produce components for battery electric vehicles (BEVs). Slovakia is home to several global automakers including HMG’s Kia Corporation,… Continue reading Mobis invests in BEV parts plants in Slovakia
Eaton to announce third quarter 2024 earnings on October 31, 2024
DUBLIN, October 17, 2024–(BUSINESS WIRE)–Intelligent power management company Eaton (NYSE:ETN) will announce third quarter 2024 earnings on Thursday, October 31, 2024, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss third quarter 2024 earnings results with securities analysts and… Continue reading Eaton to announce third quarter 2024 earnings on October 31, 2024
BorgWarner Announces Full Redemption of its 5.000% Senior Notes Due 2025
AUBURN HILLS, Mich., Oct. 17, 2024 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) (“BorgWarner” or the “Company”) announced today that it will redeem in full the entire outstanding $343,443,000 aggregate principal amount of its 5.000% Senior Notes due 2025 (the “2025 Notes”) on November 1, 2024 (the “Redemption Date”). The redemption is in accordance with the… Continue reading BorgWarner Announces Full Redemption of its 5.000% Senior Notes Due 2025
Is Aptiv (APTV) a Buy as Wall Street Analysts Look Optimistic?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use… Continue reading Is Aptiv (APTV) a Buy as Wall Street Analysts Look Optimistic?
NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
NIO Inc. (NIO) closed the latest trading day at $5.51, indicating a -1.96% change from the previous session’s end. This change lagged the S&P 500’s daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.79%, and the technology-centric Nasdaq increased by 0.28%. The the stock of company has risen by… Continue reading NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week
(Bloomberg) — Autonomous driving startup Pony.ai plans to file publicly for an initial public offering in the US as soon as this week, according to people familiar with the situation. Most Read from Bloomberg The company is looking to raise as much as $300 million from the listing, the people said, asking not to be… Continue reading Self-Driving Startup Pony.ai Said to Plan to Publicly File for US IPO This Week
Apple and BYD, Nestlé guidance, CSX revenue: Stocks in Focus
A Bloomberg report revealed Apple (AAPL) to have been collaborating with Chinese EV maker BYD (BYDDY) on developing lithium iron phosphate battery cells for the now canceled electric, self-driving Apple Car. Multinational food brand Nestlé (NSRGY) slashed its full-year 2024 guidance on weakening organic food sales. Railroad transporter CSX Corporation (CSX) points to damages from… Continue reading Apple and BYD, Nestlé guidance, CSX revenue: Stocks in Focus