SEOUL (Reuters) -South Korean auto parts maker Hyundai Mobis Co Ltd said on Thursday it was considering separating its modules and key parts production businesses into new wholly owned units in an effort to enhance each segment’s expertise and maximise efficiency. Hyundai Mobis, an affiliate of automaker Hyundai Motor Co, said in a regulatory filing… Continue reading S.Korea’s Hyundai Mobis aims to separate key businesses into new units
Author: Yarhow_Finance Online News
Tesla (TSLA) to Bring Supercharger Network to US Non-Tesla Owners
After many months of planning, the global EV magnate Tesla Inc. TSLA has announced that it will be offering its Supercharger network throughout the United States to non-Tesla EV owners. The novel move will provide a wide range of places for car owners to plug in. The Supercharger network is the company’s extensive global network… Continue reading Tesla (TSLA) to Bring Supercharger Network to US Non-Tesla Owners
Tesla Asks Chinese Government to Help Secure Power to Suppliers
(Bloomberg) — Tesla Inc. and SAIC Motor Corp. told Shanghai’s government they may have difficulty maintaining production if a power crunch in Sichuan continues to impact suppliers, according to people familiar with the matter, prompting city officials to ask the southwestern province if it could prioritize electricity for the carmakers’ suppliers. Most Read from Bloomberg… Continue reading Tesla Asks Chinese Government to Help Secure Power to Suppliers
SAIC Motor’s Ride Hailing Division Raises 1B Yuan
Benzinga Worksport Launches E-Commerce Platform Worksport Ltd (NASDAQ: WKSP) has launched a new eCommerce platform, shopworksport.com. Through the newly launched e-Commerce platform, the company will begin selling the SC3, SC3 Pro, and SC4 proprietary, patented truck bed tonneau covers for light trucks. Worksport, with its patented truck bed tonneau cover designs, aims to provide the… Continue reading SAIC Motor’s Ride Hailing Division Raises 1B Yuan
Tesla Stock Vs. BYD Stock: EV Giants Are Now Direct Rivals — And Partners
Tesla and BYD Co. are both fast-growing EV giants. While a lot of attention falls on startups such as Rivian Automotive, Lucid, Nio, Xpeng and Li Auto, as well as traditional automakers pushing into EVs, such as General Motors and Ford Motor, Tesla and BYD are setting the pace. Tesla reported better-than-expected earnings July 20.… Continue reading Tesla Stock Vs. BYD Stock: EV Giants Are Now Direct Rivals — And Partners
Chip Startup Horizon Robotics Seeks Funds, Weighs H.K. IPO Timing, Sources Say
(Bloomberg) — Chinese artificial intelligence-chip startup Horizon Robotics Inc. is considering raising $100 million to $200 million in fresh capital, according to people familiar with the situation. Most Read from Bloomberg The Intel Corp.-backed firm is working with an adviser to gauge interest in the fundraise from investors, the people said, asking not to be… Continue reading Chip Startup Horizon Robotics Seeks Funds, Weighs H.K. IPO Timing, Sources Say
Drought Threatens Tesla, EV Production. Blame It on Climate Change.
Reuters Videos China’s Tencent reports first-ever revenue drop STORY: Tencent reported its first ever quarterly sales fall on Wednesday (August 17).The tech giant was hit hard by a government clampdown on game approvals and playing time.Chinese regulators have not yet given the firm a new gaming license after they temporarily stopped approvals.Tencent said revenue fell 3% to… Continue reading Drought Threatens Tesla, EV Production. Blame It on Climate Change.
Despite the downward trend in earnings at Lear (NYSE:LEA) the stock grows 5.7%, bringing three-year gains to 45%
Investors can buy low cost index fund if they want to receive the average market return. But across the board there are plenty of stocks that underperform the market. That’s what has happened with the Lear Corporation (NYSE:LEA) share price. It’s up 39% over three years, but that is below the market return. Disappointingly, the… Continue reading Despite the downward trend in earnings at Lear (NYSE:LEA) the stock grows 5.7%, bringing three-year gains to 45%
Zacks.com featured highlights BorgWarne, Carlisle Companies, Valley National Bancorp, Vishay Intertechnology and Waste Management
For Immediate Release Chicago, IL – August 17, 2022 – Stocks in this week’s article are BorgWarner, Inc. BWA, Carlisle Companies Inc. CSL, Valley National Bancorp VLY, Vishay Intertechnology, Inc. VSH and Waste Management Inc. WM. 5 Stocks with Solid Sales Growth to Counter Market Volatility At present, one must consider the changing market backdrop and… Continue reading Zacks.com featured highlights BorgWarne, Carlisle Companies, Valley National Bancorp, Vishay Intertechnology and Waste Management
With EPS Growth And More, Goodyear Tire & Rubber (NASDAQ:GT) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on… Continue reading With EPS Growth And More, Goodyear Tire & Rubber (NASDAQ:GT) Makes An Interesting Case