(Updates throughout with details from BYD’s response, no comment from Chinese regulators, background on Berkshire Hathaway stake in BYD) SHANGHAI/BEIJING, May 25 (Reuters) – Great Wall Motor has filed a report with China’s regulators against BYD , it said on Thursday, claiming its rival’s two top-selling hybrid models did not meet emissions standards and triggering… Continue reading UPDATE 2-Great Wall Motor says rival BYD failing on hybrid emissions
Author: Yarhow_Finance Online News
Great Wall Motor says rival BYD failing on hybrid emissions
SHANGHAI/BEIJING (Reuters) -Great Wall Motor has filed a report with China’s regulators against BYD, it said on Thursday, claiming its rival’s two top-selling hybrid models did not meet emissions standards and triggering a rare public spat. BYD rejected the claim, saying its vehicles met China’s emission standards and that it reserved the right to take… Continue reading Great Wall Motor says rival BYD failing on hybrid emissions
Cathie Wood is Selling These 12 Stocks in 2023
In this article, we will take a look at Cathie Wood selling these 12 stocks in 2023. To see more such companies, go directly to Cathie Wood is Selling These 5 Stocks in 2023. After a bruising 2022, Cathie Wood’s funds slowly started to recover this year, thanks to the broader rally in the stock… Continue reading Cathie Wood is Selling These 12 Stocks in 2023
NIO Inc. to Hold Annual General Meeting on June 26, 2023
SHANGHAI, China, May 25, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “Notice of AGM”)… Continue reading NIO Inc. to Hold Annual General Meeting on June 26, 2023
EVs: XPeng stock trends lower, Tesla shares down
Yahoo Finance markets contributor Remy Blaire examines the performance of EV stocks, including XPeng, Tesla, Nio, and Li Auto. Video Transcript SEANA SMITH: EV shares under pressure today, driven lower by Chinese company XPeng. Yahoo Finance contributor Remy Blaire is on the floor of the New York Stock Exchange with the details, Remy. REMY BLAIRE:… Continue reading EVs: XPeng stock trends lower, Tesla shares down
Should Value Investors Buy BorgWarner (BWA) Stock?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, value investing is easily one of the most… Continue reading Should Value Investors Buy BorgWarner (BWA) Stock?
Petra Albuschus named as next Executive Vice President, Human Resources and Sustainability for Autoliv
STOCKHOLM, May 24, 2023 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, announces that Petra Albuschus will join the company as Executive Vice President, Human Resources and Sustainability and will become a member of the Autoliv Executive Management Team. She will succeed Per Ericson who will retire. Petra… Continue reading Petra Albuschus named as next Executive Vice President, Human Resources and Sustainability for Autoliv
US wants labor rights investigation of Goodyear plant in Mexico
Worker salaries at the Goodyear Tire & Rubber Co. factory in San Luis Potosi, Mexico, reportedly average about $22 a day. Pictured is a Goodyear factory worker in Turkey. (Photo: Goodyear) The Office of the United States Trade Representative (USTR) on Monday asked the Mexican government to investigate claims that labor rights are being denied… Continue reading US wants labor rights investigation of Goodyear plant in Mexico
Cummins (CMI) Signs Deal to Buy Faurecia’s Manufacturing Plants
Cummins Inc. CMI has signed a Share and Asset Purchase Agreement with Faurecia, a French global automotive supplier and a FORVIA Group Company, to acquire two of the latter’s commercial vehicle manufacturing facilities and related activities. The plants are situated in Roermond, Netherlands (Europe) and Columbus, IN and the purchase price for the deal is… Continue reading Cummins (CMI) Signs Deal to Buy Faurecia’s Manufacturing Plants
XPeng reports 45% sales drop in Q1, forecasts EV deliveries to fall in Q2
Chinese pure-play electric vehicle maker XPeng (XPEV) reported a steep drop in sales in the first quarter, likely the result of increased competition in the tight Chinese EV market and an uneven recovery in the China following its lifting of COVID-19 protocols. For the quarter, XPeng reported revenue of RMB 4.03 billion ($590 million), a… Continue reading XPeng reports 45% sales drop in Q1, forecasts EV deliveries to fall in Q2