(Bloomberg) — Qualcomm Inc. has made a formal bid to buy automotive technology company Veoneer Inc. for more than $4 billion, beating a previous offer from Magna International Inc., according to people familiar with the matter. The U.S. semiconductor company has formalized its offer of $37 a share, the people said, asking not to be… Continue reading Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer
Author: Yarhow_Finance Online News
Dana Accelerates Electrification of Underground Mining Vehicles with New High-Efficiency e-Powershift Transmission
LAS VEGAS, Sept. 13, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today debuted the new Spicer Electrified™ e-Powershift transmission, a modular and flexible two-speed solution that offers power take-off (PTO) functionality for electrified heavy-duty mining vehicles. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Delivering high efficiency and superior performance in a compact package that simplifies the mining… Continue reading Dana Accelerates Electrification of Underground Mining Vehicles with New High-Efficiency e-Powershift Transmission
Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter
Sept 10 (Reuters) – Auto parts supplier Aptiv Plc is facing significant semiconductor supply constraints in the third quarter due to the fast-spreading Delta variant of the coronavirus in Southeast Asia, Chief Financial Officer Joseph Massaro said on Friday. Given the COVID-19 outbreaks in Malaysia and Thailand, governments are taking a meaningful stance on production… Continue reading Auto parts supplier Aptiv flags Southeast Asia chip constraints in third quarter
Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Nio, Inc. (NYSE: NIO) unveiled its all-new ET7 sedan at its Nio Day event in early January, and deliveries of the EV maker’s first-ever sedan will likely begin in the first quarter of 2022. What Happened: Nio could release a version of the ET7 with low-cost lithium iron phosphate, or LFP, batteries, as opposed to… Continue reading Nio’s New ET7 Sedan Could Include Low-Cost Lithium Iron Phosphate Battery: Report
Sweden’s Veoneer says still recommends Magna merger
STOCKHOLM, Sept 9 (Reuters) – Swedish auto parts maker Veoneer Inc said on Thursday that it was continuing to recommend the bid from Magna International Inc , while remaining in discussions with Qualcomm. “Veoneer continues to recommend Magna merger at this time,” it said in a statement. Veoneer added that it would continue to engage… Continue reading Sweden’s Veoneer says still recommends Magna merger
Stellantis shareholder Dongfeng sells down stake for 600 million euros
PARIS/MILAN (Reuters) – Stellantis shareholder Dongfeng Motor Hong Kong (DMHK) has sold part of its stake in the automaker for about 600 million euros ($710 million), as agreed before the group was formed via a merger at the beginning of the year. As part of a package of agreements signed by shareholders upon the tie-up… Continue reading Stellantis shareholder Dongfeng sells down stake for 600 million euros
Dana Incorporated to Participate in 2021 RBC Capital Markets Global Industrials Virtual Conference
MAUMEE, Ohio, Sept. 7, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in the 2021 RBC Capital Markets Global Industrials Virtual Conference on Sept. 9, 2021. Beginning at 8:40 a.m. EDT, Dana’s Chairman and CEO Jim Kamsickas and Vice President and Chief Financial Officer Jonathan Collins will provide a brief overview… Continue reading Dana Incorporated to Participate in 2021 RBC Capital Markets Global Industrials Virtual Conference
Porsche CEO Says Electric Supercars Will Win Out: Munich Update
(Bloomberg) — Munich plays host this week to IAA Mobility, where European automakers and their suppliers are unveiling wares together for the first time since before Covid. When Germany last held such a forum two years ago, it would have seemed odd to promote a car’s ability to shield passengers from viruses. Semiconductors weren’t on… Continue reading Porsche CEO Says Electric Supercars Will Win Out: Munich Update
EV Week In Review: Tesla’s Many Delays, Chip Crunch Bites Nio, Apple Car Rumors, Trouble Brews For Workhorse, Volkswagen’s Best-seller Reaches China
EV stocks had a mixed outing in the week ending Sept. 3. The global semiconductor shortage was back in the headlines following warnings by EV makers, and after a brief pause, Apple, Inc. (NASDAQ: AAPL) Car chatter grew louder during the week. Here are the key developments from the EV space: Tesla Delays & Model… Continue reading EV Week In Review: Tesla’s Many Delays, Chip Crunch Bites Nio, Apple Car Rumors, Trouble Brews For Workhorse, Volkswagen’s Best-seller Reaches China
Why Is BorgWarner (BWA) Down 6.7% Since Last Earnings Report?
It has been about a month since the last earnings report for BorgWarner (BWA). Shares have lost about 6.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is BorgWarner due for a breakout? Before we dive into how investors and analysts… Continue reading Why Is BorgWarner (BWA) Down 6.7% Since Last Earnings Report?