(Reuters) – Goodyear Tire & Rubber said on Friday it plans to cut 700 jobs and sell about 100 retail stores and fleet locations, under a rationalization plan for its Asia Pacific segment. The move is expected to improve the segment’s operating income by approximately $50 million to $55 million in 2025, the tire manufacturer… Continue reading Goodyear Tire to cut 700 jobs, sell retail stores in Asia Pacific
Author: Yarhow_Finance Online News
NIO Inc. (NIO) Gains As Market Dips: What You Should Know
In the latest trading session, NIO Inc. (NIO) closed at $8.53, marking a +0.95% move from the previous day. This change outpaced the S&P 500’s 0.23% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%. Heading into today, shares of the company had lost 20.58% over the… Continue reading NIO Inc. (NIO) Gains As Market Dips: What You Should Know
Why Nio Stock Could Rebound After This Week’s Sharp Fall
Benzinga Analysts: Healthcare REITs Show A Dichotomy Of Performance It’s never easy to figure out Wall Street, where bad news can be good for stocks or vice versa. Sometimes a stock can be flying high, only to have a well-known analyst spoil the party with a downgrade. The reverse also is true, as was the… Continue reading Why Nio Stock Could Rebound After This Week’s Sharp Fall
Tesla Vs. BYD 2023: TSLA Sells Off Hard As Archrival Nears BEV Crown
Benzinga Tesla And Toyota Could Emerge As Winners Of The Unprecedented UAW Strike The UAW is threatening to launch additional strikes if agreements with Stellantis N.V. (NYSE: STLA), General Motors (NYSE: GM) and Ford Motor (NYSE: F) are not reached by noon EDT, September 22nd. On Monday, UAW President Shawn Fain announced an expansion of… Continue reading Tesla Vs. BYD 2023: TSLA Sells Off Hard As Archrival Nears BEV Crown
Unveiling BorgWarner (BWA)’s Value: Is It Really Priced Right? A Comprehensive Guide
BorgWarner Inc (NYSE:BWA) has recently experienced a daily gain of 1.95%, with a 3-month gain of 0.6%. The company’s Earnings Per Share (EPS) (EPS) stands at 4.05. But the question that arises is: Is the stock fairly valued? This article aims to answer this question by delving into a comprehensive valuation analysis of BorgWarner (NYSE:BWA).… Continue reading Unveiling BorgWarner (BWA)’s Value: Is It Really Priced Right? A Comprehensive Guide
Auto Industry Finance Chiefs Watch for Ripple Effects From UAW Strike
TipRanks 2 ‘Strong Buy’ Bitcoin Stocks Under $5 With Triple-Digit Upside Potential Since coming on the scene, cryptocurrencies have fired the imaginations of online traders, currency speculators, and mathematicians alike. The leading digital currency, bitcoin, is currently priced at approximately $26,550 per coin, representing a ~60% increase year-to-date. And it looks like bitcoin will see… Continue reading Auto Industry Finance Chiefs Watch for Ripple Effects From UAW Strike
Autoliv and Great Wall Motor to cooperate on advanced automotive safety technologies
SHANGHAI, Sept. 22, 2023 /PRNewswire/ — Autoliv China, a division of Autoliv, Inc. (NYSE: ALV) and (SSE: ALIVsdb), the worldwide leader in automotive safety systems, and Great Wall Motor (“GWM”), a leading vehicle manufacturer based in China, intend to collaborate to address opportunities and challenges in the rapidly evolving global automotive landscape. Through this new… Continue reading Autoliv and Great Wall Motor to cooperate on advanced automotive safety technologies
Linamar to Acquire Propulsion-Agnostic Business from Mobex
GUELPH, ON, Sept. 21, 2023 /CNW/ – Linamar Corporation (TSX: LNR) announced today that its subsidiary Linamar Structures USA (Michigan), Inc. has reached a definitive agreement with Mobex Fourth and 1, LLC, and certain of its affiliates to acquire a substantial portion of its US-based assets for $70M USD cash consideration, subject to customary adjustments.… Continue reading Linamar to Acquire Propulsion-Agnostic Business from Mobex
General Electric (GE) Upgrades Qairokkum Plant in Tajikistan
General Electric Company’s GE unit GE Vernova’s Hydro Power business has completed upgrading the first of six Kaplan turbine and generator units at the Tajikistan-based Qairokkum hydropower plant. GE Vernova is the combined operations of GE Digital, Renewable Energy and GE Power. Its Hydro Power business creates state-of-the-art technologies, which use the power of water… Continue reading General Electric (GE) Upgrades Qairokkum Plant in Tajikistan
Webcast Alert: BorgWarner 2023 Third Quarter Results Conference Call
AUBURN HILLS, Mich., Sept. 20, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) announces the following Webcast: BorgWarner Logo (PRNewsfoto/BorgWarner) What: BorgWarner 2023 Third Quarter Results Conference Call When: November 2, 2023 @ 9:30am Eastern Time Where: http://www.borgwarner.com/en/Investors/default.aspx How: Live over the Internet — Simply log on to the web at the address above. Contact: Patrick… Continue reading Webcast Alert: BorgWarner 2023 Third Quarter Results Conference Call