Reuters Volkswagen well-positioned to fund electrification, keeps outlook -CFO FRANKFURT (Reuters) -Volkswagen is well-positioned to fund its electrification strategy, its finance chief said on Thursday, as it reaped around 9.6 billion euros ($9.30 billion) from the IPO of Porsche and with a possible listing of its battery unit on the cards. The carmaker was sticking… Continue reading Electric vehicle push prompts ‘reinvention’ at car parts suppliers
Author: Yarhow_Finance Online News
NIO Inc. (NIO) Gains But Lags Market: What You Should Know
NIO Inc. (NIO) closed the most recent trading day at $17.33, moving +0.81% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.97%. Elsewhere, the Dow gained 1.88%, while the tech-heavy Nasdaq added 0.24%. Heading into today, shares of the company had lost 13.31% over the past month, lagging the… Continue reading NIO Inc. (NIO) Gains But Lags Market: What You Should Know
BYD-Backed RoboSense Seeks $150 Million in New Round
(Bloomberg) — RoboSense, a Chinese developer of sensor technologies used in self-driving cars, is raising about $150 million in a new funding round to bankroll its product expansion, according to people familiar with the matter. Most Read from Bloomberg The latest round has drawn investors including China Structural Reform Fund and Mirae Asset Securities Co.,… Continue reading BYD-Backed RoboSense Seeks $150 Million in New Round
In the wake of Magna International Inc.’s (TSE:MG) latest CA$1.3b market cap drop, institutional owners may be forced to take severe actions
Every investor in Magna International Inc. (TSE:MG) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 66% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And institutional investors… Continue reading In the wake of Magna International Inc.’s (TSE:MG) latest CA$1.3b market cap drop, institutional owners may be forced to take severe actions
Buying Opportunities in the Auto Sector as Volatility Surges
Volatility has become the byword for the stock market this year. After enduring a tough first half, the U.S. markets breathed a sigh of relief from the big summer rally that started in mid-June and continued till mid-August. But the rally petered out in the second half of August. Fed Chairman Jerome Powell’s resolute stance… Continue reading Buying Opportunities in the Auto Sector as Volatility Surges
Is Aptiv PLC’s (NYSE:APTV) Recent Price Movement Underpinned By Its Weak Fundamentals?
Aptiv (NYSE:APTV) has had a rough month with its share price down 12%. We, however decided to study the company’s financials to determine if they have got anything to do with the price decline. Stock prices are usually driven by a company’s financial performance over the long term, and therefore we decided to pay more… Continue reading Is Aptiv PLC’s (NYSE:APTV) Recent Price Movement Underpinned By Its Weak Fundamentals?
In the wake of The Goodyear Tire & Rubber Company’s (NASDAQ:GT) latest US$458m market cap drop, institutional owners may be forced to take severe actions
Every investor in The Goodyear Tire & Rubber Company (NASDAQ:GT) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 83% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if… Continue reading In the wake of The Goodyear Tire & Rubber Company’s (NASDAQ:GT) latest US$458m market cap drop, institutional owners may be forced to take severe actions
10 Top Stocks to Buy in a Bear Market
The benchmark S&P 500, which is typically viewed as the best barometer of stock market health, produced its worst first-half return in 52 years. As for the growth-driven Nasdaq Composite, an index largely responsible for pushing the stock market to new highs, it’s lost about a third of its value. This puts both the S&P… Continue reading 10 Top Stocks to Buy in a Bear Market
Lithium Is Up 220% And This Is What You Need To Know
In the current year, we have witnessed a gravity-defying commodity rally after the shuttering of Ukrainian ports, sanctions against Russia and disruption in Libyan oil production sent energy, crop, and metal buyers scrambling for replacement supplies. The price of copper doubled; wheat more than doubled while global indices of commodity prices almost tripled from April… Continue reading Lithium Is Up 220% And This Is What You Need To Know
NIO Buys Stake in Greenwing to Secure Lithium for Batteries
NIO Inc. NIO recently invested in Greenwing Resources, the Australia-based lithium company. The China-based EV maker has agreed to pay $12,000,000 to Greenwing to subscribe for the latter’s 21,818,182 shares at a deemed issue price of 55 cents per share (Placement). Upon completion of the placement, NIO will own 12.16% of Greenwing and will enjoy… Continue reading NIO Buys Stake in Greenwing to Secure Lithium for Batteries