AUBURN HILLS, Mich., March 1, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announced that it has completed its acquisition of Hubei Surpass Sun Electric’s (SSE’s) Electric Vehicle Charging Solution, Smart Grid and Smart Energy businesses. The acquisition is an important move for BorgWarner’s electrification business in Asia and is expected to complement the company’s existing charging… Continue reading BorgWarner Completes Acquisition of Hubei Surpass Sun Electric (SSE) Charging Business
Author: Yarhow_Finance Online News
Stantec (STN) Stock Rises 2% Following Q4 Earnings Beat
Stantec Inc. STN reported mixed fourth-quarter 2022 results with earnings beating the Zacks Consensus Estimate but revenues falling short of the same. The stock gained 2% since the earnings release on Feb 22 in response to the better-than-expected earnings performance. Adjusted earnings (excluding 11 cents from non-recurring items) came in at 60 cents, beating the Zacks… Continue reading Stantec (STN) Stock Rises 2% Following Q4 Earnings Beat
Adient announces upsizing and pricing of $500 million of 7.000% senior secured notes due 2028 and $500 million of 8.250% senior unsecured notes due 2031
PLYMOUTH, Mich., Feb. 28, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced the upsize and pricing of private offerings by its wholly-owned subsidiary, Adient Global Holdings Ltd, of (i) $500 million in aggregate principal amount of 7.000% senior secured notes due 2028 (the “Secured Notes”) and (ii) $500 million in… Continue reading Adient announces upsizing and pricing of $500 million of 7.000% senior secured notes due 2028 and $500 million of 8.250% senior unsecured notes due 2031
GOODYEAR INTRODUCES FIRST EV TIRE FOR REGIONAL FLEETS
New RangeMax™ RSD® EV delivers ultra-low rolling resistance and energy efficiency for regional work vehicles AKRON, Ohio, Feb. 28, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced RangeMax™ RSD® EV, Goodyear’s first electric vehicle-ready tire compatible with EV and gas- or diesel-powered regional work vehicles. At the 2023 Technology & Maintenance Council… Continue reading GOODYEAR INTRODUCES FIRST EV TIRE FOR REGIONAL FLEETS
Nio and stocks of other China-based EV makers rally, as strong economic data out of China offsets downbeat earnings reports
Reuters Theater chain AMC falls 8% on worries of slower box-office recovery “This is AMC’s fourteenth consecutive quarterly loss and the market is punishing the shares for that fact,” Hargreaves Lansdown analyst Sophie Lund-Yates said. While more people are returning to the theaters, Hollywood has been releasing fewer movies “of late”, AMC Chief Executive Adam… Continue reading Nio and stocks of other China-based EV makers rally, as strong economic data out of China offsets downbeat earnings reports
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results
Quarterly Total Revenues reached RMB16,063.5 million (US$2,329.0 million)iRecord-high Quarterly Vehicle Deliveries were 40,052 unitsFull Year Total Revenues reached RMB49,268.6 million (US$7,143.3 million)Full Year Vehicle Deliveries were 122,486 units SHANGHAI, China, March 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in… Continue reading NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2022 Financial Results
China Lithium Miners Restart After Government Investigation
(Bloomberg) — Some mines in one of China’s major lithium-production hubs have been allowed to restart amid a government investigation that halted activity last week, according to a report in local media outlet Cailian. Most Read from Bloomberg A probe into the mining industry in Yichun in the southeastern Jiangxi province forced sweeping closures last… Continue reading China Lithium Miners Restart After Government Investigation
Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
TipRanks Goldman Sachs Sees at Least 70% Gains in These 2 Stocks — Here’s Why They Could Soar With signs suggesting inflation is finally being tamed, 2023 opened with hope the Fed will take a less aggressive stance in its efforts to tame it and will start cutting interest rates. However, don’t get too hopeful… Continue reading Fisker Shares Jump 30% as Ocean EV Deliveries Are Set for Spring Launch
Dana’s Climate Commitments Validated by Science Based Target Initiative
MAUMEE, Ohio, Feb. 28, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that the Science Based Target initiative (SBTi) has validated the company’s climate commitments, including reducing Scope 1 and 2 greenhouse gas (GHG) emissions by more than 50 percent and Scope 3 GHG emissions by more than 25 percent before 2030. Dana Incorporated… Continue reading Dana’s Climate Commitments Validated by Science Based Target Initiative
Adient announces intention to offer $850 million of new senior secured and unsecured notes
PLYMOUTH, Mich., Feb. 28, 2023 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced that its wholly-owned subsidiary, Adient Global Holdings Ltd, intends, subject to market and other customary conditions, to offer $850 million in aggregate principal amount of senior notes, to be allocated between new senior secured notes due 2028 (the “Secured Notes”)… Continue reading Adient announces intention to offer $850 million of new senior secured and unsecured notes