Goodyear Tire GT delivered first-quarter 2023 adjusted loss per share of 29 cents wider than the Zacks Consensus Estimate of 22 cents and down from the earnings of 37 cents per share reported in year-ago quarter. Lower-than-anticipated sales in the Americas and Asia Pacific segments weighed on the results. The company generated net revenues of… Continue reading Goodyear (GT) Q1 Earnings Miss Estimates, Sales Rise Y/Y
Author: Yarhow_Finance Online News
Zacks Industry Outlook Highlights BYD, Volkswagen, BMW and Stellantis
For Immediate Release Chicago, IL – May 11, 2023 – Today, Zacks Equity Research discusses BYD Co Ltd BYDDY, Volkswagen AG VWAGY, BMW AG BAMXF and Stellantis N.V. STLA. Industry: Foreign Autos Link: https://www.zacks.com/commentary/2093142/4-hot-stocks-to-tap-the-foreign-auto-industrys-growth-potential The increasing demand for green vehicles is serving as a key catalyst for the Zacks Automotive – Foreign industry. Most countries… Continue reading Zacks Industry Outlook Highlights BYD, Volkswagen, BMW and Stellantis
Tesla Vs. BYD 2023: TSLA Stock Faces Resistance As BYD Clears Buy Point
Reuters Indonesia tax cut drives electric car sales for Hyundai, Wuling Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT)… Continue reading Tesla Vs. BYD 2023: TSLA Stock Faces Resistance As BYD Clears Buy Point
Rail Vision Announces Pricing of $6.0 Million Registered Direct and Private Placement Offerings
Rail Vision Ltd. Ra’anana, Israel, May 10, 2023 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (“Rail Vision” or the “Company”), a development stage technology company seeking to revolutionize railway safety and the data-related market, today announced that it has entered into definitive agreements with investors for the purchase and sale of 3,947,368 shares and/or pre-funded warrants… Continue reading Rail Vision Announces Pricing of $6.0 Million Registered Direct and Private Placement Offerings
Dana Launches €425 Million Senior Notes Offering
MAUMEE, Ohio, May 10, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), is proposing to issue €425 million aggregate principal amount of senior unsecured notes due 2031 (the “2031 Notes”) in a private offering that is exempt from the registration requirements of… Continue reading Dana Launches €425 Million Senior Notes Offering
BorgWarner Launches Exclusive Co-Branded Borg-Warner Trophy® Merchandise with Indianapolis Motor Speedway
Merchandise exclusively available through Legends retail operations First time officially licensed BorgWarner Trophy® and Indianapolis Motor Speedway co-branded items have been available for sale to fans Collaboration bolsters relationship with Indianapolis Motor Speedway and Legends AUBURN HILLS, Mich., May 10, 2023 /PRNewswire/ — For the first time, BorgWarner has collaborated with the Indianapolis Motor Speedway… Continue reading BorgWarner Launches Exclusive Co-Branded Borg-Warner Trophy® Merchandise with Indianapolis Motor Speedway
GOODYEAR ANNOUNCES INDUSTRY’S FIRST TIRE TO USE CARBON BLACK PRODUCED VIA METHANE PYROLYSIS
The tire tread in a select size of the Goodyear ElectricDrive™ GT will include Monolith carbon black. AKRON, Ohio, May 10, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new tread formulation for its ultra-high performance, all-season ElectricDrive™ GT tire, tuned for electric vehicles, in size 235/40R19. The specialized… Continue reading GOODYEAR ANNOUNCES INDUSTRY’S FIRST TIRE TO USE CARBON BLACK PRODUCED VIA METHANE PYROLYSIS
China’s SAIC to dilute stake in MG Motor India, drive EV sales
BENGALURU (Reuters) – China’s SAIC Motor plans to drop its ownership in MG Motor India to allow domestic entities to take a majority stake, the Indian electric vehicle maker said on Wednesday, as Chinese investments face increased scrutiny by the New Delhi government. MG also plans to invest more than 50 billion rupees ($611.4 million)… Continue reading China’s SAIC to dilute stake in MG Motor India, drive EV sales
Is Byd Co. (BYDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Byd Co., Ltd. (BYDDY) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out. Byd Co., Ltd. is one of 119 companies in… Continue reading Is Byd Co. (BYDDY) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
4 Hot Stocks to Tap the Foreign Auto Industry’s Growth Potential
The increasing demand for green vehicles is serving as a key catalyst for the Zacks Automotive – Foreign industry. Most countries are witnessing a significant surge in sales of electric vehicles (EVs) due to rising climate concerns. Despite economic concerns, the car markets in major regions such as China, Europe, and India are predicted to… Continue reading 4 Hot Stocks to Tap the Foreign Auto Industry’s Growth Potential