Yahoo Finance’s Myles Udland, Brian Sozzi, and Julie Hyman break down the latest delivery numbers for Tesla in China. Video Transcript MYLES UDLAND: So we talked at the top of the show about the stocks of today. But really, the meme stuck to rule them all is Tesla. That stock up a little bit in… Continue reading Tesla China deliveries surge 29% in May after April slump
Author: Yarhow_Finance Online News
Dana Incorporated to Participate in Deutsche Bank Global Auto Industry Conference
MAUMEE, Ohio, June 8, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the virtual Deutsche Bank Global Auto Industry Conference on June 16, 2021. Beginning at 2:15 p.m. EDT, Dana’s Chairman and Chief Executive Officer James Kamsickas and Executive Vice President and Chief Financial Officer Jonathan Collins will provide a… Continue reading Dana Incorporated to Participate in Deutsche Bank Global Auto Industry Conference
Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
Last week, various auto giants unveiled May 2021 sales reports. Sales numbers were strong, thanks to the rising demand for vehicles amid preference for personal mobility, widespread vaccination drive, massive federal aid and the reopening of activities. Quite a few auto biggies that still report sales on a monthly basis enjoyed double-digit year-over-year sales growth… Continue reading Auto Stock Roundup: BWA and SMP’s Buyout Updates, AAP’s Q1 Earnings & More
Nio: European Opportunity Beckons
European automakers, or more specifically, German ones, have historically claimed a big chunk of the premium auto market. Where luxury and performance are concerned, it has been hard to beat brands such as Audi, BMW, and Mercedes-Benz. Now, however, with the arrival of electric vehicles (EVs), even the top-end auto industry is ripe for disruption.… Continue reading Nio: European Opportunity Beckons
EV Investors Driven Toward Xpeng’s Growth Potential
Chinese EV player Xpeng (XPEV) has been a long-time EV player in China, but is a relatively recent addition to the NYSE. The company’s listing in 2020 ignited a ton of anticipation. Indeed, this EV player has seen its stock price go on quite the ride since being publicly listed. Since the company’s $15 IPO… Continue reading EV Investors Driven Toward Xpeng’s Growth Potential
Dow Jones Today Lags, Nasdaq Tests 14,000 As Tesla Climbs On China Sales, Apple Enters EV Battery Talks
TipRanks Nio: European Opportunity Beckons European automakers, or more specifically, German ones, have historically claimed a big chunk of the premium auto market. Where luxury and performance are concerned, it has been hard to beat brands such as Audi, BMW, and Mercedes-Benz. Now, however, with the arrival of electric vehicles (EVs), even the top-end auto… Continue reading Dow Jones Today Lags, Nasdaq Tests 14,000 As Tesla Climbs On China Sales, Apple Enters EV Battery Talks
BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Inc. BWA recently announced the completion of the tender offer for shares of AKASOL AG, making the company the owner of 89.08% of AKASOL’s outstanding shares. BorgWarner has paid roughly 648 million euros to settle the arrangement, with the purchase price being 120 euro per tendered AKASOL share. The transaction will be funded primarily… Continue reading BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Multinational automotive supplier BorgWarner (BWA) announced that it has completed the tender offer to buy 89.08% of the outstanding shares of AKASOL. AKASOL designs and manufactures customizable lithium-ion battery systems for buses, commercial, rail, and industrial vehicles, as well as for ships and boats. The company has paid approximately €648 million from its current cash… Continue reading BorgWarner Completes Tender Offer For 89% Stake in AKASOL
UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
(Adds BAIC Motor shares move) BEIJING, June 7 (Reuters) – Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing… Continue reading UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
BEIJING (Reuters) -Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler… Continue reading Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document