Author: Yarhow_Finance Online News

Hyundai Mobis develops Integrated Communication Controller, the next-generation V2X control technology for the first time in Korea

TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50% Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been… Continue reading Hyundai Mobis develops Integrated Communication Controller, the next-generation V2X control technology for the first time in Korea

EU to investigate Eaton’s $3.3 bln sale of hydraulics unit to Danfoss

TipRanks Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50% Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been… Continue reading EU to investigate Eaton’s $3.3 bln sale of hydraulics unit to Danfoss

Compagnie Gener. des Etablissements Michelin — Moody’s affirms Michelin’s A3/P-2 ratings, outlook stable

Moody’s Investors Service, (“Moody’s”) has today affirmed all ratings of Compagnie Generale des Etablissements Michelin (CGEM, Michelin, or the group), including the issuer ratings of A3 for CGEM and Compagnie Financiere Michelin SCmA (CFM), a wholly owned subsidiary of CGEM and parent company of Michelin Luxembourg SCS (MiLux). Concurrently, Moody’s has affirmed the short-term Prime-2… Continue reading Compagnie Gener. des Etablissements Michelin — Moody’s affirms Michelin’s A3/P-2 ratings, outlook stable

Bridgestone Is Said to Weigh Firestone Building Products Sale

(Bloomberg) — Bridgestone Corp., the Japanese industrial conglomerate, is considering a sale of its Firestone Building Products for about $2.5 billion, according to people with knowledge of the matter. The company has hired an adviser to explore strategic options for the business, said the people, who asked not to be identified because they weren’t authorized… Continue reading Bridgestone Is Said to Weigh Firestone Building Products Sale

Roper Technologies Announces Second Quarter Results

SARASOTA, Fla., July 28, 2020 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company, reported financial results for the second quarter ended June 30, 2020. Second quarter GAAP and adjusted revenue each decreased 2% to $1.30 billion and $1.31 billion, respectively. Organic revenue decreased 3%. GAAP and adjusted gross margin were… Continue reading Roper Technologies Announces Second Quarter Results

BorgWarner Announces Early Tender Results and Receipt of Requisite Consents to Amend Delphi Technologies’ 5.00% Senior Notes Due 2025 and Related Indenture

AUBURN HILLS, Mich., Sept. 17, 2020 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) (“BorgWarner”) announced today that as of 5:00 p.m., New York City time, on September 16, 2020 (the “Early Tender Deadline”), $763.1 million in aggregate principal amount of outstanding 5.00% Senior Notes due 2025 (the “DT Notes”) of Delphi Technologies PLC (“Delphi Technologies”), representing approximately 95.39% of the $800 million total… Continue reading BorgWarner Announces Early Tender Results and Receipt of Requisite Consents to Amend Delphi Technologies’ 5.00% Senior Notes Due 2025 and Related Indenture

BORG WARNER INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of BorgWarner Inc. – BWA

NEW ORLEANS, Sept. 11, 2020 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into BorgWarner Inc. (NYSE: BWA).   Kahn Swick & Foti, LLC (“KSF”) – – not all law firms are… Continue reading BORG WARNER INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of BorgWarner Inc. – BWA

Delphi Technologies secures its second largest power electronics business win

– Supports next generation of electric vehicles launching in 2024 – Major new business win for 800-volt inverter positions the company to secure future awards – Becomes primary inverter supplier to three of the top four global premium OEMs LONDON, Sept. 9, 2020 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH), a global provider of automotive propulsion… Continue reading Delphi Technologies secures its second largest power electronics business win

NIO Reports Record Figures for Vehicle Deliveries in August

NIO Inc. NIO recently reported its vehicle deliveries for the month of August, which has set new records. The premium Chinese electric vehicle maker completed deliveries of 3,965 vehicles in August, marking a whopping year-over-year rise of 104.1%. This reflects a 12.2% jump from the 3,533 vehicles delivered in July. The August deliveries comprised 2,840 ES6… Continue reading NIO Reports Record Figures for Vehicle Deliveries in August