Author: Yarhow_Finance Online News

China’s CATL, Honda plan to co-operate on EV battery development

TOKYO (Reuters) – Contemporary Amperex Technology Ltd and Honda Motor have signed an agreement to co-operate on jointly developing lithium ion batteries for electric vehicles, as China’s top EV battery maker expands its tie-ups with Japanese automakers. CATL said on Tuesday it had signed a memorandum of understanding with Honda under which it would guarantee… Continue reading China’s CATL, Honda plan to co-operate on EV battery development

Why NIO, China’s Tesla, Rose ~24% in January

Why NIO, China’s Tesla, Rose ~24% in January More Why NIO, China’s Tesla, Rose ~24% in JanuaryNIO’s January performance Since NIO (NIO), popularly hailed as China’s Tesla, was listed on the NYSE in September 2018, it has seen wild roller-coaster ride. In October and December 2018, NIO fell Go to Source

NIO Inc. Prices Offering of US$650 Million Convertible Senior Notes

SHANGHAI, China, Jan. 30, 2019 (GLOBE NEWSWIRE) — NIO, Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium electric vehicle market, today announced the pricing of its previously announced offering (the “Notes Offering”) of US$650 million in aggregate principal amount of convertible senior notes due 2024 (the “Notes”). The Company has granted the… Continue reading NIO Inc. Prices Offering of US$650 Million Convertible Senior Notes

Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

Shares of Meritor, Inc. MTOR have gained 9.9% in a day’s trading, following the first-quarter fiscal 2019 (ended Dec 31, 2018) earnings release. During the reported quarter, the company recorded adjusted earnings of 79 cents per share compared with 62 cents a year ago. The figure surpassed the Zacks Consensus Estimate of 60 cents. Adjusted… Continue reading Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

PACCAR Inc.’s PCAR fourth-quarter 2018 earnings were $1.65 per share, surpassing the Zacks Consensus Estimate of $1.57. Results were aided by quality products and services, record heavy-duty truck market share in Europe, strong global truck markets, and solid aftermarket parts’ results. Earnings per share in the prior-year quarter were $1.67. Excluding the one-time tax benefits,… Continue reading PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

Harley-Davidson, Inc.’s HOG adjusted earnings per share broke even in fourth-quarter 2018, which missed the Zacks Consensus Estimate of 17 cents. In the prior-year quarter, the figure was 54 cents. The company’s net income was $0.5 million compared with $8.3 million registered a year ago. Revenues from the Motorcycle and Related Products segment declined 8.7%… Continue reading Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

French group Faurecia to launch tender offer for Clarion acquisition

PARIS (Reuters) – French car parts company Faurecia said it would launch on Jan. 30 its tender offer to buy out Japanese car navigation system maker Clarion as part of its previously announced $1.3 billion (£989.12 million) takeover of Clarion from Hitachi. The Clarion takeover is the latest in a flurry of deals among car… Continue reading French group Faurecia to launch tender offer for Clarion acquisition