(Adds Stellantis comment, DPCA exports) Oct 19 (Reuters) – China’s Dongfeng Motor Group and Stellantis said on Thursday the automakers will expand their vehicle and component export business through an asset sale to capture the burgeoning China auto market better. Under the asset transfer deal, state-owned Dongfeng will buy land use-rights and buildings in Wuhan… Continue reading UPDATE 2-Stellantis, Dongfeng to expand exports of China-made cars with asset transfer deal
Author: Yarhow_Finance Online News
Stellantis, Dongfeng to expand exports of China-made cars with asset transfer deal
(Reuters) -China’s Dongfeng Motor Group and Stellantis said on Thursday the automakers will expand their vehicle and component export business through an asset sale to capture the burgeoning China auto market better. Under the asset transfer deal, state-owned Dongfeng will buy land use-rights and buildings in Wuhan and Xiangyang from Dongfeng Peugeot Citroën Automobile (DPCA),… Continue reading Stellantis, Dongfeng to expand exports of China-made cars with asset transfer deal
Is Trending Stock NIO Inc. (NIO) a Buy Now?
NIO Inc. (NIO) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Shares of this company have returned -10.3% over the past month versus the Zacks S&P 500 composite’s -3% change. The… Continue reading Is Trending Stock NIO Inc. (NIO) a Buy Now?
Top 20 Biggest Car Manufacturers by 2023 Revenue
In this article, we will take a look at the top 20 biggest car manufacturers by 2023 revenue. If you want to skip our detailed analysis of the global automobile market, you can go directly to the Top 5 Biggest Car Manufacturers by 2023 Revenue. The global automotive market is one of the largest and… Continue reading Top 20 Biggest Car Manufacturers by 2023 Revenue
BYD expects Q3 net profit to double despite slowdowns
BYD Company (BYDDY) shares are trading in the green as the EV maker expects net profit for its third quarter to almost double due to record sales, despite consumer slowdowns in China’s EV market. This comes as General Motors (GM) announced it will be delaying the production expansion of its Chevrolet Silverado EV and GMC… Continue reading BYD expects Q3 net profit to double despite slowdowns
Tesla Vs. BYD 2023: Tesla Earnings Loom As Archrival Reports Booming Profit
Bloomberg Apple Investors Face $340 Billion Hole as Woes Mount (Bloomberg) — A drumbeat of bad news for Apple Inc. is casting doubt on the argument that the world’s most valuable company is immune to risks related to economic turbulence.Most Read from BloombergRinggit Falls to 25-Year Low, the Worst Performer in Asia After Yen This… Continue reading Tesla Vs. BYD 2023: Tesla Earnings Loom As Archrival Reports Booming Profit
Zacks Industry Outlook Highlights Magna, Gentex, Allison Transmission and Adient
For Immediate Release Chicago, IL – October 18, 2023 – Today, Zacks Equity Research discusses Magna International MGA, Gentex Corp GNTX, Allison Transmission Holdings ALSN and Adient plc ADNT. Industry: Auto Equipment Link: https://www.zacks.com/commentary/2167071/4-auto-equipment-stocks-effectively-navigating-industry-dynamics Amid the ongoing United Auto Workers (UAW) strike, the prospects of the Zacks Automotive – Original Equipment industry appear uncertain. With… Continue reading Zacks Industry Outlook Highlights Magna, Gentex, Allison Transmission and Adient
Eaton to Announce Third Quarter 2023 Earnings on October 31, 2023
DUBLIN, October 17, 2023–(BUSINESS WIRE)–Intelligent power management company Eaton (NYSE:ETN) will announce third quarter 2023 earnings on Tuesday, October 31, 2023, 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 2023 earnings results with securities analysts and… Continue reading Eaton to Announce Third Quarter 2023 Earnings on October 31, 2023
BorgWarner (BWA) Ascends While Market Falls: Some Facts to Note
BorgWarner (BWA) closed the most recent trading day at $39.47, moving +0.03% from the previous trading session. The stock’s change was more than the S&P 500’s daily loss of 0.01%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.25%. The auto parts supplier’s stock has dropped by 3.52% in the past… Continue reading BorgWarner (BWA) Ascends While Market Falls: Some Facts to Note
Here’s Why Autoliv, Inc. (ALV) is a Strong Value Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. Why… Continue reading Here’s Why Autoliv, Inc. (ALV) is a Strong Value Stock