Reuters Vanguard bought large banks’ bonds on the cheap during March turmoil Vanguard, the world’s second-largest asset manager, increased exposure to large bank’s bonds during the banking rout in March, taking advantage of cheap valuations, according to a report seen by Reuters. The collapse of two U.S. regional banks last month triggered wild price fluctuations… Continue reading Lithium Stocks Are Falling Today: What’s Going On?
Author: Yarhow_Finance Online News
Toyota (TM) bZ3 Electric Sedan Gets 5,000 Orders on Day One
Toyota‘s TM first-ever electric sedan, bZ3, has made an impressive debut, with 5,000 orders pouring in on its first day of sales. Developed through a partnership between FAW-Toyota and China’s leading EV manufacturer, BYD Co Ltd BYDDY, bZ3 is Toyota’s second fully electric vehicle in its bZ (Beyond Zero) series. The first was the bZ4X… Continue reading Toyota (TM) bZ3 Electric Sedan Gets 5,000 Orders on Day One
Together for better: CATL shines at Auto Shanghai with carbon neutral ambition and advanced technologies
SHANGHAI, April 21, 2023 /PRNewswire/ — On April 18, CATL made its first appearance with cutting-edge technologies and all-scenario solutions at the 20th Shanghai International Automobile Industry Exhibition (Auto Shanghai). It unveiled its carbon neutral plan and condensed batteries, and announced the cooperation with OEMs on new products including 4C fast charging Qilin battery and sodium-ion… Continue reading Together for better: CATL shines at Auto Shanghai with carbon neutral ambition and advanced technologies
BorgWarner Engineering Director Named Recipient of 2023 Women MAKE Award
Women MAKE Awards recognize women in science, technology, engineering and production careers who exemplify leadership within their companies Carol Cai is the seventh consecutive BorgWarner leader to receive this award Recipients were honored at an awards gala on April 20 in Washington, D.C. AUBURN HILLS, Mich., April 21, 2023 /PRNewswire/ — BorgWarner’s Carol Cai, Engineering Director,… Continue reading BorgWarner Engineering Director Named Recipient of 2023 Women MAKE Award
Autoliv: Financial Report January – March 2023
STOCKHOLM, April 21, 2023 /PRNewswire/ — (NYSE: ALV) and (SSE: ALIV.sdb) Q1 2023: Strong sales growth Financial highlights Q1 2023$2,493 million net sales 17% net sales increase21% organic sales increase*5.1% operating margin5.3% adjusted operating margin*$0.86 EPS – 9% decrease$0.90 adjusted EPS* – 99% increase Full year 2023 indicationsAround 15% organic sales growthAround 1% negative FX effect on net salesAround 8.5%-9.0% adjusted operating… Continue reading Autoliv: Financial Report January – March 2023
Autoliv, Inc. (ALV) Q1 Earnings and Revenues Top Estimates
Autoliv, Inc. (ALV) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.45%. A quarter ago, it was expected that… Continue reading Autoliv, Inc. (ALV) Q1 Earnings and Revenues Top Estimates
UPDATE 3-Autoliv sticks to forecasts despite quarterly profit lagging estimates
(Add CEO and analyst comments) STOCKHOLM, April 21 (Reuters) – Sweden’s Autoliv , the world’s largest maker of airbags and seatbelts, reported slightly weaker than expected growth in its first-quarter core earnings on Thursday whilst it maintained its full-year outlook. Adjusted operating profit came to $131 million for the January-March quarter, up from $68 million… Continue reading UPDATE 3-Autoliv sticks to forecasts despite quarterly profit lagging estimates
UPDATE 1-MG Motor launches plug-in hybrid option in Mexico as EV race heats up
(Updates with additional detail on 2023 plans, adds photos) By Kylie Madry MEXICO CITY, April 20 (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high… Continue reading UPDATE 1-MG Motor launches plug-in hybrid option in Mexico as EV race heats up
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY, April 20 (Reuters) – Carmaker MG Motor is launching a plug-in hybrid SUV in Mexico, the company announced on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure and high costs for locals. MG Motor’s hybrid eHS model… Continue reading MG Motor launches plug-in hybrid option in Mexico as EV race heats up
Tesla stock is ‘egregiously overvalued’: Analyst
Tesla (TSLA) stock took a nosedive after the electric vehicle giant posted a first quarter revenue and profit miss, and gross margins that dipped below 20% to 19.3%, as the cost of recent price cuts hit profitability. The company’s thinning margins has prompted some of Wall Street to go bearish on the stock, with a… Continue reading Tesla stock is ‘egregiously overvalued’: Analyst