Motley Fool Why Lucid Group Stock Crashed 8% This Morning Shares of luxury electric vehicle (EV) maker Lucid Group (NASDAQ: LCID) turned into a one-car pileup Monday morning, falling 8% through 10:30 a.m. ET after Barron’s reported over the weekend on apparent defects in the cars that owners say can turn the $150,000 EV into… Continue reading Down More Than 50% From Their Highs, Are Lucid, Rivian, Nio, and Tesla Buys for 2023?
Author: Yarhow_Finance Online News
Phoenix Motorcars & CATL Form Long-Term Partnership
ANAHEIM, Calif., November 22, 2022–(BUSINESS WIRE)–Phoenix Motor Inc. (Nasdaq: PEV) (“Company” or “Phoenix”), a leader in manufacturing of all-electric, medium-duty vehicles, today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Contemporary Amperex Technology Co., Limited (SHE: 300750) (“CATL”), a global leader of new energy innovative technologies, for the co-development of batteries for… Continue reading Phoenix Motorcars & CATL Form Long-Term Partnership
Investors Appear Satisfied With Eaton Corporation plc’s (NYSE:ETN) Prospects
Eaton Corporation plc’s (NYSE:ETN) price-to-earnings (or “P/E”) ratio of 28.6x might make it look like a strong sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 14x and even P/E’s below 8x are quite common. Although, it’s not wise to just take the… Continue reading Investors Appear Satisfied With Eaton Corporation plc’s (NYSE:ETN) Prospects
Auto Roundup: BorgWarner-Wolfspeed Deal, Tesla Recall & More
Last week, the European Automobile Manufacturers Association (ACEA) released data on passenger car registrations for October 2022. The European Union (EU) passenger vehicle market increased 12.2% last month to 745,855 units, marking the third straight month of growth this year. Registrations in Italy, Germany, Spain and France witnessed a year-over-year rise of 14.6%, 16.8%, 11.7%… Continue reading Auto Roundup: BorgWarner-Wolfspeed Deal, Tesla Recall & More
Tesla stock at two-year low, other EV-maker stocks tank as concerns swirl about China, oil futures
Tesla Inc. shares and shares of other electric-vehicle makers underperformed the broader market in midday trading Monday, as worries about China’s COVID lockdowns were back to the forefront and oil futures prices dropped more than 5% to trade at 10-month lows. Tesla shares were on track for their lowest close in two years, down more… Continue reading Tesla stock at two-year low, other EV-maker stocks tank as concerns swirl about China, oil futures
Why Nio Shares Sank Monday
TipRanks George Soros Pulls the Trigger on These 2 “Strong Buy” Stocks For anyone looking to get ahead in the investing game, following in the footsteps of stock picking legends is an obvious path to follow. Hardly any are more legendary than George Soros, forever known as the ‘man who broke the Bank of England,’… Continue reading Why Nio Shares Sank Monday
5 Best Chinese Stocks To Buy And Watch: China Stocks Swing On Covid Curb Shifts
Benzinga Rivian Under Scrutiny As Employees Allege Safety Breach At Illinois Plant At least a dozen employees at Rivian Automotive, Inc (NASDAQ: RIVN) accused the electric-vehicle maker of safety violations at its Illinois plant, Bloomberg reports. The complaints filed with federal regulators allege the company ignored known hazards and deprioritized safety resources, leaving some workers… Continue reading 5 Best Chinese Stocks To Buy And Watch: China Stocks Swing On Covid Curb Shifts
Lear’s (LEA) InTouch Buyout to Aid its Industry 4.0 Strategy
Lear Corporation LEA recently announced that it has acquired InTouch Automation, a supplier of Industry 4.0 technologies and automated testing equipment that are vital for producing automotive seats. InTouch’s product portfolio aligns with Lear’s Industry 4.0 strategy that deals with implementing technologies designed to automate the testing and validation of components and finished seats. Industry… Continue reading Lear’s (LEA) InTouch Buyout to Aid its Industry 4.0 Strategy
Dana Incorporated to Participate in 2022 BofA Securities Leveraged Finance Conference
MAUMEE, Ohio, Nov. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the BofA Securities Leveraged Finance Conference on Nov. 29, 2022. Beginning at 8:10 a.m. EST, Dana’s Vice President and Treasurer John Geddes will provide a brief overview of the company and answer questions for approximately 30 minutes. Dana… Continue reading Dana Incorporated to Participate in 2022 BofA Securities Leveraged Finance Conference
Dana Incorporated to Participate in Barclays Global Automotive and Mobility Tech Conference
MAUMEE, Ohio, Nov. 21, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the Barclays Global Automotive and Mobility Tech Conference on Dec. 1, 2022. Beginning at 2 p.m. EST, Dana’s Chairman and Chief Executive Officer James Kamsickas and Senior Vice President and Chief Financial Officer Timothy Kraus will provide a… Continue reading Dana Incorporated to Participate in Barclays Global Automotive and Mobility Tech Conference