By Hyunjoo Jin and Ju-min Park SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Elliott’s loss in a series of closely watched votes… Continue reading U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Author: Yarhow_Finance Online News
Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Goodyear’s (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.More The Goodyear Tire & Rubber Company GT plans to cut 1,100 jobs in Germany. This move is sync with its strategy to modernize its plant in Germany.… Continue reading Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Lion Electric Selects Dana as Preferred Supplier for its All-Electric Class 8 Vehicle
Dana to supply full complement of production-ready electrified technologies and traditional drivetrain systems New trucks offer Lion Electric’s advanced vehicle technologies and Dana’s expertise in proven conventional and e-Propulsion systems ATLANTA, March 18, 2019 /PRNewswire/ — Dana Incorporated (DAN) today announced that it has been chosen as a preferred supplier to the Lion Electric Company… Continue reading Lion Electric Selects Dana as Preferred Supplier for its All-Electric Class 8 Vehicle
BRIEF-Singapore’s GIC Trims Stake In BAIC Motor – HKEx Filing
March 15 (Reuters) – BAIC Motor Corp Ltd: * SINGAPORE’S GIC SELLS 2.1385 MLN SHARES IN BAIC MOTOR AT AN AVERAGE PRICE OF HK$4.6224 EACH ON MARCH 14 – HKEX FILING * SINGAPORE’S GIC STAKE IN BAIC MOTOR AT 6.99 PERCENT AFTER THE TRANSACTION FROM 7.08 PERCENT PREVIOUSLY – HKEX FILING Source text: https://bit.ly/2UDjhIH Further… Continue reading BRIEF-Singapore’s GIC Trims Stake In BAIC Motor – HKEx Filing
Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT
Q4 2018 Linamar Corp Earnings Call GUELPH Mar 14, 2019 (Thomson StreetEvents) — Edited Transcript of Linamar Corp earnings conference call or presentation Monday, March 11, 2019 at 9:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Dale Schneider Linamar Corporation – CFO * Linda S. Hasenfratz Linamar Corporation – CEO & Non-Independent… Continue reading Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT
S.Korean pension fund deals blow to Elliott in Hyundai fight
* NPS says Elliott’s dividend proposals “excessive” * NPS says Elliott nominees may lead to “conflicts of interest” * Hyundai shares lose ground (Add analyst, Hyundai comments, share prices) By Hyunjoo Jin SEOUL, March 14 (Reuters) – Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea’s Hyundai Motor… Continue reading S.Korean pension fund deals blow to Elliott in Hyundai fight
Continental AG’s full-year earnings hit by electric investments, downturn
FILE PHOTO: Flags of German tyre company Continental are seen before the annual news conference in Hanover, Germany March 2, 2017. REUTERS/Fabian BimmerMore FRANKFURT (Reuters) – Auto supplier Continental AG’s operating profit fell 12 percent last year, hit by an auto industry downturn and higher investments, but it pledged to press ahead with a listing… Continue reading Continental AG’s full-year earnings hit by electric investments, downturn
Nio CEO touts its electric cars as ‘ticket to a new lifestyle’
Nio CEO touts its electric cars as ‘ticket to a new lifestyle’ William Li told CBS correspondent Holly Williams that while his company sells luxury cars, he thinks of it more of a lifestyle company, with the cars serving as a status symbol. Story continues Go to Source
Magna Posts Record Sales As CEO Bemoans Tariffs
View photos Canadian auto and truck parts maker Magna International (NYSE: MGA) reported a better than expected profit on Friday, February 22, but its CEO noted that the Trump administration’s tariffs were hurting the company’s U.S. plants. Magna generated a $456 million profit in the fourth quarter of 2018, an 18 percent decline compared to… Continue reading Magna Posts Record Sales As CEO Bemoans Tariffs
Edited Transcript of ZIL2.DE earnings conference call or presentation 20-Feb-19 9:00am GMT
Preliminary 2018 Elringklinger AG Earnings Call Dettingen/Erms Feb 22, 2019 (Thomson StreetEvents) — Edited Transcript of ElringKlinger AG earnings conference call or presentation Wednesday, February 20, 2019 at 9:00:00am GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Stefan Wolf ElringKlinger AG – Chairman of the Management Board & CEO * Thomas Jessulat ElringKlinger… Continue reading Edited Transcript of ZIL2.DE earnings conference call or presentation 20-Feb-19 9:00am GMT