Yesterday was a rough day for investors in the electric vehicle (EV) market, with various stocks closing in the red. While a couple of EV stocks were dragged down by company-specific news, the broader sell-off in the industry could be attributed to regulatory concerns, rising COVID-19 cases, shortage of microchips and geopolitical worries. Tesla Down… Continue reading EV Stocks Close in the Red: What is to be Blamed?
Author: Yarhow_Finance Online News
EV Stocks Take a Hit as Markets See a Monday-Morning Fall
Reuters Videos S&P, Dow close at record highs The Dow and S&P 500 rose to close at record highs Monday, rebounding strongly from losses earlier in the session stemming from glum data on China’s economy. New COVID-19 outbreaks and floods caused China’s industrial production and retail sales growth to slow sharply and fall short of… Continue reading EV Stocks Take a Hit as Markets See a Monday-Morning Fall
Longest winning run in 14 years ends as European stocks slip
Motley Fool Is Coupang Stock a Buy? Coupang (NYSE: CPNG), the top e-commerce company in South Korea, posted its second-quarter numbers on Aug. 11. Its revenue growth exceeded Wall Street’s expectations, but a wider-than-expected loss caused its stock to plunge below its IPO price of $35 a share. Coupang’s revenue rose 71% year over year… Continue reading Longest winning run in 14 years ends as European stocks slip
Why Nio Stock Is Dropping Today
TipRanks Palantir Profitable at Present, but Future Feels Flimsy One would think that companies that specialize in data analytics and optimization could make appropriate decisions to satiate their shareholders. A firm with intelligent and novel software, Palantir Technologies Inc. (PLTR), has yet to see its share price break out of its sideways trading pattern, even… Continue reading Why Nio Stock Is Dropping Today
Auto Stock Roundup: NIO’s Narrower Q2 Loss, LEA’s Payout Hike & More
July auto sales data for China — the world’s largest car market — was released last week. Per the China Association of Automobile Manufacturers, vehicle sales in the country declined 11.9% year over year to 1.86 million units, tumbling for the third consecutive month. COVID-19 outbreak in China and global shortfall of semiconductor supply resulted… Continue reading Auto Stock Roundup: NIO’s Narrower Q2 Loss, LEA’s Payout Hike & More
5 Best Chinese Stocks To Buy And Watch As Beijing Crackdowns Continue
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Weibo, Sohu, Nio, BYD Co. and Li Auto. China is the world’s most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Go to Source
BorgWarner (NYSE:BWA) Will Pay A Dividend Of US$0.17
BorgWarner Inc.’s (NYSE:BWA) investors are due to receive a payment of US$0.17 per share on 15th of September. This means that the annual payment will be 1.5% of the current stock price, which is in line with the average for the industry. View our latest analysis for BorgWarner BorgWarner’s Payment Has Solid Earnings Coverage We… Continue reading BorgWarner (NYSE:BWA) Will Pay A Dividend Of US$0.17
Faurecia to Take Over Auto Supplier Hella in $8 Billion Deal
(Bloomberg) — Faurecia SE agreed to take over Hella GmbH in a deal valuing the German automotive supplier at 6.8 billion euros ($8 billion), beating out rival bidders from the European car-parts industry. Nanterre, France-based Faurecia will purchase a 60% stake from Hella’s founding Hueck family through a mixture of cash and stock, according to… Continue reading Faurecia to Take Over Auto Supplier Hella in $8 Billion Deal
Combining Faurecia and Hella to create a global leader in fast-growing automotive technologies, fully aligned with industry megatrends
Nanterre (France), August 14, 2021 COMBINING FAURECIA AND HELLA TO CREATE A GLOBAL LEADER IN FAST-GROWING AUTOMOTIVE TECHNOLOGIES, FULLY ALIGNED WITH INDUSTRY MEGATRENDS FAURECIA TO LAUNCH A PUBLIC TENDER CASH OFFER ON HELLA AND ACQUIRE ITS 60% STAKE FROM THE FAMILY POOL Creation of the #7 global automotive supplier, with a highly advanced technology portfolio… Continue reading Combining Faurecia and Hella to create a global leader in fast-growing automotive technologies, fully aligned with industry megatrends
Faurecia Nears Deal for Car Parts Supplier Hella
(Bloomberg) — Faurecia SE is nearing a deal to acquire a majority stake in German automotive supplier Hella GmbH, according to people with knowledge of the matter. The Hueck family, which owns about 60% of Hella’s shares, agreed on Saturday to accept an offer from the French company, the people said, asking not to be… Continue reading Faurecia Nears Deal for Car Parts Supplier Hella