Author: Yarhow_Finance Online News

Knorr Bremse CEO resigns with immediate effect, shares slide

BERLIN (Reuters) – Brake systems manufacturer Knorr Bremse said on Tuesday that its CEO Klaus Deller was stepping down with immediate effect due to conflicting views on leadership and cooperation, sending its shares down. Shares in Knorr Bremse fell 6.1 percent by 1246 GMT. Deller, 57, who took the job in September after having been… Continue reading Knorr Bremse CEO resigns with immediate effect, shares slide

Edited Transcript of HLE.DE earnings conference call or presentation 11-Apr-19 8:00am GMT

Q3 2019 HELLA GmbH & Co KgaA Earnings Call Lippstadt Apr 11, 2019 (Thomson StreetEvents) — Edited Transcript of HELLA GmbH & Co KgaA earnings conference call or presentation Thursday, April 11, 2019 at 8:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Rolf Breidenbach HELLA GmbH & Co. KGaA – President, CEO… Continue reading Edited Transcript of HLE.DE earnings conference call or presentation 11-Apr-19 8:00am GMT

BRIEF-FDG Electric Vehicles Says Right Precious To Subscribe For Top-Up Subscription Shares Of Co

March 29 (Reuters) – FDG Electric Vehicles Ltd: * RIGHT PRECIOUS AGREED TO SUBSCRIBE FOR TOP-UP SUBSCRIPTION SHARES OF CO AT SUBSCRIPTION PRICE OF HK$0.048 PER SHARE * MAXIMUM NET PROCEEDS FROM TOP-UP SUBSCRIPTION WILL BE ABOUT HK$38.5 MILLION Source text for Eikon: Further company coverage: Go to Source

BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing

March 28 (Reuters) – Baic Motor Corp Ltd: * ANNOUNCES CAPITAL INCREASE TO MBLC * CO AND DGRC TO CONTRIBUTE AN AGGREGATE AMOUNT OF RMB700 MILLION TO MBLC IN PROPORTION TO THEIR RESPECTIVE SHAREHOLDINGS * UNDER CAPITAL INCREASE, COMPANY WILL CONTRIBUTE RMB245 MILLION, REPRESENTING 35% OF AMOUNT UNDER CAPITAL INCREASE * ON COMPLETION OF CAPITAL… Continue reading BRIEF-Baic Motor Corp Announces Capital Increase To Mercedes-Benz Leasing

Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources

By Julie Zhu and Kane Wu HONG KONG, March 29 (Reuters) – Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its latest funding round to finance growth, three people with knowledge of the matter said. The Chinese company, backed by state-owned… Continue reading Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources

Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable

Moody’s Investors Service upgraded Lear Corporation’s (Lear) senior unsecured rating to Baa2 from Baa3, and changed the rating outlook to stable from positive. The Baa2 senior unsecured debt rating incorporates Lear’s ability to adjust to cyclical changes in auto demand due to demonstrated flexibility in its cost structure, its considerable scale and importance as a… Continue reading Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable