Author: Yarhow_Finance Online News

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

NIO Inc. (NIO) Stock Moves -0.46%: What You Should Know

NIO Inc. (NIO) closed at $8.75 in the latest trading session, marking a -0.46% move from the prior day. This move was narrower than the S&P 500’s daily loss of 1.12%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 3.35%. Heading into today, shares of the company had gained 6.03% over… Continue reading NIO Inc. (NIO) Stock Moves -0.46%: What You Should Know

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

AutoZone (AZO) Q3 Earnings Surpass Estimates, Revenues Miss

AutoZone Inc. AZO reported earnings of $34.12 per share for third-quarter fiscal 2023 (ended May 6, 2023), up 17.5% year over year. Earnings surpassed the Zacks Consensus Estimate of $30.84. Net sales grew 5.8% year over year to $4,090.5 million. The top line, however, lagged the Zacks Consensus Estimate of $4,102.8 million. In the reported… Continue reading AutoZone (AZO) Q3 Earnings Surpass Estimates, Revenues Miss

Zacks.com featured highlights Marriott International, BorgWarner, D.R. Horton, America Movil and Triton International

For Immediate Release Chicago, IL – May 23, 2023 – Stocks in this week’s article are Marriott International, Inc. MAR, BorgWarner Inc. BWA, D.R. Horton, Inc. DHI, América Móvil, S.A.B. de C.V. AMX and Triton International Ltd. TRTN. 5 Stocks with High ROE to Buy as Debt Ceiling Crisis Lingers The U.S. equity markets witnessed… Continue reading Zacks.com featured highlights Marriott International, BorgWarner, D.R. Horton, America Movil and Triton International

AutoLiv (ALV) & Nio Unite to Develop Safety Products for EVs

AutoLiv China, a subsidiary of automotive safety supplier AutoLiv Inc. ALV, and Nio, Inc. NIO, a China-based multinational automaker, signed a strategic cooperation framework agreement. The alliance aims to develop safety technologies for electric vehicles (EVs), with an overarching focus on sustainable solutions. Per the agreement, AutoLiv and Nio will design safety products for electric… Continue reading AutoLiv (ALV) & Nio Unite to Develop Safety Products for EVs

FAURECIA SIGNED AN AGREEMENT TO TRANSFER TO CUMMINS A PART OF ITS COMMERCIAL VEHICLE BUSINESS IN EUROPE AND IN THE UNITED STATES

FAURECIA FAURECIA SIGNED AN AGREEMENT TO TRANSFER TO CUMMINS A PART OF ITS COMMERCIAL VEHICLE BUSINESS IN EUROPE AND IN THE UNITED STATES Following an exclusive negotiations phase, Faurecia, a FORVIA Group company, and Cummins have signed a Share and Asset Purchase Agreement under which Faurecia will sell a part of its commercial vehicle exhaust… Continue reading FAURECIA SIGNED AN AGREEMENT TO TRANSFER TO CUMMINS A PART OF ITS COMMERCIAL VEHICLE BUSINESS IN EUROPE AND IN THE UNITED STATES