(Bloomberg) — SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from Bloomberg China’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partners,… Continue reading China’s Biggest Carmaker Eyes $157 Million for Mobility Division
Author: Yarhow_Finance Online News
Why Nio, XPeng, and Li Are Leading Wednesday’s Stock Market Recovery
The topsy-turvy market action we’ve seen over the past week continued on Wednesday morning, with many market participants breathing a sigh of relief as stocks looked poised to climb and regain some of their losses from Tuesday. S&P 500 (SNPINDEX: ^GSPC) futures gained 56 points to 4,622, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were up… Continue reading Why Nio, XPeng, and Li Are Leading Wednesday’s Stock Market Recovery
Dana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials Conference
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in Credit Suisse’s 9th Annual Industrials Conference on Dec. 1, 2021. Beginning at 12:10 p.m. EST, Dana’s Executive Vice President and Chief Financial Officer Jonathan Collins will participate in a fireside chat for approximately 30 minutes. Dana Incorporated logo.… Continue reading Dana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials Conference
Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
– Company breaks ground on highly automated e-Manufacturing site – Investment supports Dana’s commitment to a sustainable future – Project receives $10.7 million in business development grants – Dana extends more than 100-year history of operating in Sweden MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4… Continue reading Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
Oshkosh (OSK) Secures $591.61 Million Contract From DoD
Oshkosh Corporation OSK has won a contract worth $591.61 million from the U.S. Department of Defense (“DoD”) to produce 1,669 Joint Light Tactical Vehicle (JLTV) trucks and 868 trailers and associated kits and parts. The government body has stated that the vehicles are to be used by all divisions of the U.S. military (Army, Marines,… Continue reading Oshkosh (OSK) Secures $591.61 Million Contract From DoD
NIO & Shell Strike Deal to Enhance EV Driver Experience
NIO Inc. NIO recently announced a partnership with energy giant Royal Dutch Shell (RDS.A) to enhance the charging experience for electric vehicle (EV) customers by jointly constructing and operating a network of co-branded battery swapping stations. The agreement encompasses a plan to develop a network of 100 battery swapping stations in China by 2025, starting… Continue reading NIO & Shell Strike Deal to Enhance EV Driver Experience
Fisker unveils ‘world’s most sustainable vehicle’ as electric vehicle competition heats up
It seems among the investor community, all everyone talks about are the EV (electric vehicle) stocks – and only the big ones at that – Tesla (TSLA), Rivian (RIVN), and Lucid (LCID). One EV company that’s been flying under the radar, that is until it had big news at this year’s Los Angeles Auto show… Continue reading Fisker unveils ‘world’s most sustainable vehicle’ as electric vehicle competition heats up
Faurecia will hold 79.5% of Hella and will be able to implement strategy for accelerating value creation as from Day 1 after closing
Nanterre (France), November 16, 2021 FINAL RESULTS OF FAURECIA TAKEOVER OFFER FOR HELLA FAURECIA WILL HOLD 79.5% OF HELLA AND WILL BE ABLE TO IMPLEMENT STRATEGY FOR ACCELERATING VALUE CREATION AS FROM DAY 1 AFTER CLOSING The additional acceptance period for the voluntary public takeover offer launched on 27 September 2021 by Faurecia for Hella… Continue reading Faurecia will hold 79.5% of Hella and will be able to implement strategy for accelerating value creation as from Day 1 after closing
Dana Launches $350 Million Senior Notes Offering
MAUMEE, Ohio, Nov. 15, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to market conditions, a registered offering of $350 million aggregate principal amount of senior unsecured notes due 2032. The company intends to use the net proceeds from the offering, together with cash on hand, to repay… Continue reading Dana Launches $350 Million Senior Notes Offering
Adient will participate at the Barclays Global Automotive and Mobility Tech Conference
PLYMOUTH, Mich., Nov. 12, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will present at the Barclays Global Automotive and Mobility Tech Conference on Wednesday, Nov. 17, 2021. Adient’s president and chief executive officer, Doug Del Grosso, and executive vice president and chief financial officer, Jeff Stafeil, will be participating in… Continue reading Adient will participate at the Barclays Global Automotive and Mobility Tech Conference