By Julie Zhu and Kane Wu HONG KONG, March 29 (Reuters) – Electric vehicle start-up Leap Motor, co-founded by surveillance equipment maker Dahua Technology, is seeking to raise 2.5 billion yuan ($372 million) in its latest funding round to finance growth, three people with knowledge of the matter said. The Chinese company, backed by state-owned… Continue reading Chinese EV start-up Leap Motor seeks to raise $372 mln in growth push – sources
Author: Yarhow_Finance Online News
Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable
Moody’s Investors Service upgraded Lear Corporation’s (Lear) senior unsecured rating to Baa2 from Baa3, and changed the rating outlook to stable from positive. The Baa2 senior unsecured debt rating incorporates Lear’s ability to adjust to cyclical changes in auto demand due to demonstrated flexibility in its cost structure, its considerable scale and importance as a… Continue reading Lear Corporation — Moody’s upgrades Lear’s senior unsecured to Baa2; Outlook stable
BRIEF-Jiangling Motors Sold 13,165 Vehicles In Feb, Up 1.1 Percent Y/Y
March 5 (Reuters) – Jiangling Motors Corp Ltd: * SAYS IT SOLD 13,165 VEHICLES IN FEB, UP 1.1 PERCENT Y/Y Source text in Chinese: https://bit.ly/2XCdTaF Further company coverage: (Reporting by Hong Kong newsroom) Go to Source
BRIEF-Jiangling Motors Says It Sold 14,000 Vehicles In Jan, Down 19.0 Percent Y/Y
Feb 13 (Reuters) – Jiangling Motors Corp Ltd : * SAYS IT SOLD 14,000 VEHICLES IN JAN, DOWN 19.0 PERCENT Y/Y Source text in Chinese: https://bit.ly/2IaKmRV Further company coverage: (Reporting by Hong Kong newsroom) Go to Source
U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
By Hyunjoo Jin and Ju-min Park SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Elliott’s loss in a series of closely watched votes… Continue reading U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Goodyear’s (GT) plan to cut jobs in Germany is likely to enhance the competitiveness of its manufacturing footprint and assist it in the production of large-rim-diameter premium tires.More The Goodyear Tire & Rubber Company GT plans to cut 1,100 jobs in Germany. This move is sync with its strategy to modernize its plant in Germany.… Continue reading Goodyear (GT) to Slash Jobs in Germany to Modernize Plants
Lion Electric Selects Dana as Preferred Supplier for its All-Electric Class 8 Vehicle
Dana to supply full complement of production-ready electrified technologies and traditional drivetrain systems New trucks offer Lion Electric’s advanced vehicle technologies and Dana’s expertise in proven conventional and e-Propulsion systems ATLANTA, March 18, 2019 /PRNewswire/ — Dana Incorporated (DAN) today announced that it has been chosen as a preferred supplier to the Lion Electric Company… Continue reading Lion Electric Selects Dana as Preferred Supplier for its All-Electric Class 8 Vehicle
BRIEF-Singapore’s GIC Trims Stake In BAIC Motor – HKEx Filing
March 15 (Reuters) – BAIC Motor Corp Ltd: * SINGAPORE’S GIC SELLS 2.1385 MLN SHARES IN BAIC MOTOR AT AN AVERAGE PRICE OF HK$4.6224 EACH ON MARCH 14 – HKEX FILING * SINGAPORE’S GIC STAKE IN BAIC MOTOR AT 6.99 PERCENT AFTER THE TRANSACTION FROM 7.08 PERCENT PREVIOUSLY – HKEX FILING Source text: https://bit.ly/2UDjhIH Further… Continue reading BRIEF-Singapore’s GIC Trims Stake In BAIC Motor – HKEx Filing
Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT
Q4 2018 Linamar Corp Earnings Call GUELPH Mar 14, 2019 (Thomson StreetEvents) — Edited Transcript of Linamar Corp earnings conference call or presentation Monday, March 11, 2019 at 9:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Dale Schneider Linamar Corporation – CFO * Linda S. Hasenfratz Linamar Corporation – CEO & Non-Independent… Continue reading Edited Transcript of LNR.TO earnings conference call or presentation 11-Mar-19 9:00pm GMT
S.Korean pension fund deals blow to Elliott in Hyundai fight
* NPS says Elliott’s dividend proposals “excessive” * NPS says Elliott nominees may lead to “conflicts of interest” * Hyundai shares lose ground (Add analyst, Hyundai comments, share prices) By Hyunjoo Jin SEOUL, March 14 (Reuters) – Elliott Management received a potentially fatal blow in its proxy fight to shake up South Korea’s Hyundai Motor… Continue reading S.Korean pension fund deals blow to Elliott in Hyundai fight