Autoliv Inc. ALV reported third-quarter 2022 adjusted earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.37. This was due to lower-than-expected revenues from the Airbags and Associated Products, Seatbelts and Associated Products, the Americas, Europe, Japan and the Rest of Asia segments. The bottom line, nevertheless, shot up 68% on a year-over-year… Continue reading Autoliv (ALV) Q3 Earnings & Sales Lag, ’22 Sales View Revised
Author: Yarhow_Finance Online News
Autoliv & Geely Partner On Safety Technology For Future Vehicles
Reuters Hyundai’s bright profit view clouded by U.S. EV concerns Hyundai Motor Co raised earnings guidance on Monday, buoyed by premium vehicle sales and a foreign exchange lift, but disappointing quarterly results and an uncertain U.S. electric vehicle (EV) sales outlook sent its shares down 3%. South Korea’s Hyundai and its affiliate Kia Motors, which… Continue reading Autoliv & Geely Partner On Safety Technology For Future Vehicles
Autoliv and Geely to develop advanced safety technology for future vehicles
STOCKHOLM and SHANGHAI, Oct. 24, 2022 /PRNewswire/ — Autoliv China, a subsidiary of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), and Geely Auto Group, a leading global automobile manufacturer, have entered a strategic cooperation agreement to develop advanced safety technology for future vehicles. The collaboration includes a system approach… Continue reading Autoliv and Geely to develop advanced safety technology for future vehicles
NIO’s Near-Term Outlook Remains Stressed
One of the many stocks that enjoyed momentum during the pandemic stock bubble was NIO Inc. (NYSE:NIO). The stimulus-induced stock market environment affected it positively, and a strategic partnership with a local Chinese government agency helped boost its standing among its peers. But the Chinese electric vehicle manufacturer is not doing so well this year,… Continue reading NIO’s Near-Term Outlook Remains Stressed
Tesla cuts prices in China on concern over softening demand
In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China. The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9%… Continue reading Tesla cuts prices in China on concern over softening demand
Why Nio and More Chinese EV Stocks Crashed Monday
Shares of many Chinese companies are getting hit hard today, including several of China’s electric vehicle (EV) makers. Shares of Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) all plunged by double digits Monday morning. As of 10:53 a.m. ET, Nio shares were down 20.6%, XPeng was lower by 18.8%, and Li… Continue reading Why Nio and More Chinese EV Stocks Crashed Monday
Tesla cuts prices in China on concern over softening demand
In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China. The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9%… Continue reading Tesla cuts prices in China on concern over softening demand
These Are The 5 Best EV Stocks To Buy And Watch Now
Reuters Wall Street mixed after weak business data; Tesla drags Nasdaq U.S. stock indexes were mixed in morning trading on Monday, with the tech-heavy Nasdaq hit by a slide in Tesla and other megacap stocks while signs of a cooling U.S. economy raised hopes that the Federal Reserve will eventually slow its pace of rate… Continue reading These Are The 5 Best EV Stocks To Buy And Watch Now
5 Best Chinese Stocks To Buy And Watch: China Stocks Dive On Xi, Econ Data
Reuters Li Xi gets graft-busting role on China’s new Standing Committee Li Xi, the Communist Party chief of the economic powerhouse Guangdong province, assumed two new titles on Sunday when he was elevated to the elite Politburo Standing Committee and put in charge of the party’s influential graft-busting body. While Li, 66, is not known… Continue reading 5 Best Chinese Stocks To Buy And Watch: China Stocks Dive On Xi, Econ Data
Autoliv Q3 Earnings Miss Estimates
Motley Fool Why Shares in Copper Miner Freeport-McMoRan Soared Today Shares in copper miner Freeport-McMoRan (NYSE: FCX) were up by more than 8% by early afternoon today. The results themselves brought few surprises; after all, investors can see where the price of copper is in the market and therefore ascertain the trend in Freeport’s revenue.… Continue reading Autoliv Q3 Earnings Miss Estimates