Reuters Archer Aviation plans to build 250 air taxis in 2025 Archer Aviation Inc said it aims to make about 250 battery-electric air taxis in 2025 and scale up production in the following years, after setting a goal of getting its aircraft certified by the end of 2024. “In our first year, we will build… Continue reading Toyota Launches Second Model In Its bZ Series
Author: Yarhow_Finance Online News
What’s in Store for QuantumScape (QS) This Earnings Season?
QuantumScape Corporation QS is slated to release third-quarter 2022 results on Oct 26, after the closing bell. The Zacks Consensus Estimate is pegged at a loss of 23 cents per share for the quarter. This compares favorably with a loss of 29 cents incurred in the corresponding quarter of 2021. The estimate for third-quarter 2022 loss per share… Continue reading What’s in Store for QuantumScape (QS) This Earnings Season?
3 Auto Stocks Set for Q3 Earnings Beat Amid Inflationary Woes
The third-quarter earnings season for the Auto-Tires-Trucks sector kicked off last week. Two of the S&P 500 sector components have released quarterly results so far. These include electric vehicle (EV) king Tesla TSLA and auto replacement parts provider Genuine Parts Company GPC. The profitability picture thus far looks resilient in the face of headwinds (including supply chain… Continue reading 3 Auto Stocks Set for Q3 Earnings Beat Amid Inflationary Woes
Dana Showcases Suite of Field-Ready Electrified Solutions at Bauma 2022
MUNICH, Oct. 24, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that it will be highlighting an array of field-ready electrified solutions for the off-highway market at Bauma 2022, Oct. 24-30. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Held in hall A3, booth 326, Dana’s exhibition will feature its complete electric systems capabilities for a broad… Continue reading Dana Showcases Suite of Field-Ready Electrified Solutions at Bauma 2022
Dana Introduces Spicer Electrified™ e-Transmission to Support Off-Highway Vehicles at Bauma 2022
MUNICH, Oct. 24, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today the introduction of its Spicer Electrified™ eSP502 e-Transmission, a flexible platform designed to support the electrification of vehicles across the construction, mining, material handling, and forestry markets. Available for order today, the e-Transmission will be on display as part of Dana’s exhibit at… Continue reading Dana Introduces Spicer Electrified™ e-Transmission to Support Off-Highway Vehicles at Bauma 2022
Autoliv (ALV) Q3 Earnings & Sales Lag, ’22 Sales View Revised
Autoliv Inc. ALV reported third-quarter 2022 adjusted earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.37. This was due to lower-than-expected revenues from the Airbags and Associated Products, Seatbelts and Associated Products, the Americas, Europe, Japan and the Rest of Asia segments. The bottom line, nevertheless, shot up 68% on a year-over-year… Continue reading Autoliv (ALV) Q3 Earnings & Sales Lag, ’22 Sales View Revised
Autoliv & Geely Partner On Safety Technology For Future Vehicles
Reuters Hyundai’s bright profit view clouded by U.S. EV concerns Hyundai Motor Co raised earnings guidance on Monday, buoyed by premium vehicle sales and a foreign exchange lift, but disappointing quarterly results and an uncertain U.S. electric vehicle (EV) sales outlook sent its shares down 3%. South Korea’s Hyundai and its affiliate Kia Motors, which… Continue reading Autoliv & Geely Partner On Safety Technology For Future Vehicles
Autoliv and Geely to develop advanced safety technology for future vehicles
STOCKHOLM and SHANGHAI, Oct. 24, 2022 /PRNewswire/ — Autoliv China, a subsidiary of the worldwide leader in automotive safety systems, Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), and Geely Auto Group, a leading global automobile manufacturer, have entered a strategic cooperation agreement to develop advanced safety technology for future vehicles. The collaboration includes a system approach… Continue reading Autoliv and Geely to develop advanced safety technology for future vehicles
NIO’s Near-Term Outlook Remains Stressed
One of the many stocks that enjoyed momentum during the pandemic stock bubble was NIO Inc. (NYSE:NIO). The stimulus-induced stock market environment affected it positively, and a strategic partnership with a local Chinese government agency helped boost its standing among its peers. But the Chinese electric vehicle manufacturer is not doing so well this year,… Continue reading NIO’s Near-Term Outlook Remains Stressed
Tesla cuts prices in China on concern over softening demand
In a reversal following a series of hikes his year, Tesla (TSLA) is now cutting prices in China. The automaker cut prices across the board for its offerings in China, with the entry-level Model 3 sedan dropping by nearly 5% to 279,000 yuan, and the entry level Model Y SUV’s price coming down by 9%… Continue reading Tesla cuts prices in China on concern over softening demand