Investment to span three existing Michigan facilities and a new EV battery service center Plan enables the acceleration of electric vehicle product development and testing while increasing U.S. domestic manufacturing capabilities BorgWarner received a $1.86 million grant from the Michigan Economic Development Corporation (MEDC) AUBURN HILLS, Mich., April 19, 2023 /PRNewswire/ — BorgWarner has announced its… Continue reading BorgWarner Announces Plan to Invest $20 Million in Michigan Facilities, Create 186 Jobs
Author: Yarhow_Finance Online News
BorgWarner to Expand South Carolina Facility, add 3GWh Battery Pack Production with $42 Million Investment
Investment to create 122 jobs at BorgWarner’s existing Seneca, South Carolina facility Plan enables the growth of the company’s battery module and pack production in the U.S. Company received support from the State of South Carolina and Oconee County to aid in the expansion AUBURN HILLS, Mich., April 19, 2023 /PRNewswire/ — BorgWarner announced today its… Continue reading BorgWarner to Expand South Carolina Facility, add 3GWh Battery Pack Production with $42 Million Investment
Autoliv expands to Vietnam and invests in new airbag cushion plant
STOCKHOLM, April 20, 2023 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced its plan to build a new state of the art airbag cushion and fabric plant in Vietnam, serving Asia. The investment in the new textile facility is in response to customer demands and is… Continue reading Autoliv expands to Vietnam and invests in new airbag cushion plant
The bar is set high for Tesla’s earnings report: Morning Brief
This is The Takeaway from today’s Morning Brief, which you can receive in your inbox every Monday to Friday by 6:30 a.m. ET along with: Subscribe here. The bar is set pretty high for Tesla’s earnings out after the close today. Why do I say that? It’s really quite simple, actually. Shares of the EV… Continue reading The bar is set high for Tesla’s earnings report: Morning Brief
Is Byd Co. (BYDDY) Outperforming Other Auto-Tires-Trucks Stocks This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Byd Co., Ltd. (BYDDY) been one of those stocks this year? By taking a look at the stock’s year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to… Continue reading Is Byd Co. (BYDDY) Outperforming Other Auto-Tires-Trucks Stocks This Year?
A Look At The Fair Value Of Lear Corporation (NYSE:LEA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Lear fair value estimate is US$165 With US$137 share price, Lear appears to be trading close to its estimated fair value Analyst price target for LEA is US$152 which is 7.5% below our fair value estimate How far off is Lear Corporation (NYSE:LEA) from… Continue reading A Look At The Fair Value Of Lear Corporation (NYSE:LEA)
Hyundai Mobis joins Auto Shanghai 2023, aiming to win orders USD 1B in China
Hyundai Mobis joins Auto Shanghai 2023 on the 18th-27th, and exhibits 24 latest innovations including IVI and electrification products. Invites over 200 CEOs and the C-suite from more than 80 global automakes such as BYD, BMW and Stellantis. Unveils e-CCPM, the future electrification platform, with the strategy of targeting Chinese market, the largest EV market… Continue reading Hyundai Mobis joins Auto Shanghai 2023, aiming to win orders USD 1B in China
Price Cuts & High Deliveries to Fuel Tesla (TSLA) Q1 Earnings
Tesla TSLA is set to release its first-quarter 2023 results on Apr 19, after the closing bell. The focal point of the electric vehicle (EV) manufacturer’s earnings release will be its vehicle production and deliveries. Stronger-than-expected deliveries during the quarter under discussion are likely to have enhanced results. (Also Read: Tesla to Report Q1 Earnings:… Continue reading Price Cuts & High Deliveries to Fuel Tesla (TSLA) Q1 Earnings
GWM Holds 2023 Global Conference with Partners in Shanghai
BAODING, China, April 19, 2023 /PRNewswire/ — On April 19, GWM held the 2023 Global Conference with the theme of “NEW GWM NEW ENERGY”, attended by more than 260 distributor representatives from more than 60 countries and regions. GWM Holds 2023 Global Conference with Partners in Shanghai (PRNewsfoto/GWM) Mu Feng, President of GWM, gave a detailed… Continue reading GWM Holds 2023 Global Conference with Partners in Shanghai
GWM Accelerates Electrification, with World Premiere of New Energy Vehicles at Auto Shanghai 2023
BAODING, China, April 18, 2023 /PRNewswire/ — On April 18, GWM unveiled its five major brands of HAVAL, TANK, ORA, POER, and WEY at the 20th Shanghai International Automobile Industry Exhibition (“Auto Shanghai 2023”), and released a full range of new energy models. GWM Accelerates Electrification, with World Premiere of New Energy Vehicles at Auto… Continue reading GWM Accelerates Electrification, with World Premiere of New Energy Vehicles at Auto Shanghai 2023