By Yilei Sun and Tony Munroe BEIJING (Reuters) – In late December 2019, managers at Volkswagen headquarters in Wolfsburg realised they might have a serious problem in China, the company’s biggest market and ticket to its electric future. Its flagship Passat sedan had fared badly in an unofficial safety test carried out by an insurance… Continue reading Wolfsburg, we have a problem: How Volkswagen stalled in China
Author: Yarhow_Finance Online News
INSIGHT-Wolfsburg, we have a problem: How Volkswagen stalled in China
(Repeats for additional subscribers) By Yilei Sun and Tony Munroe BEIJING, Aug 9 (Reuters) – In late December 2019, managers at Volkswagen headquarters in Wolfsburg realised they might have a serious problem in China, the company’s biggest market and ticket to its electric future. Its flagship Passat sedan had fared badly in an unofficial safety… Continue reading INSIGHT-Wolfsburg, we have a problem: How Volkswagen stalled in China
10 Best Lithium and Phosphate Stocks to Buy Now
In this article, we discuss the 10 best lithium and phosphate stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Lithium and Phosphate Stocks to Buy Now. The global efforts towards decarbonization have accelerated in the past few years with the United States… Continue reading 10 Best Lithium and Phosphate Stocks to Buy Now
Sweden’s Veoneer says will start talks with Qualcomm over offer
(Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement… Continue reading Sweden’s Veoneer says will start talks with Qualcomm over offer
UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
(Adds detail, quote, background) Aug 8 (Reuters) – Veoneer Inc said on Sunday it would start talks with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker last week topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under… Continue reading UPDATE 1-Sweden’s Veoneer says will start talks with Qualcomm over offer
BorgWarner inc (BWA) Q2 2021 Earnings Call Transcript
Motley Fool Why Sunrun Stock Got Eclipsed Today Shares of Sunrun (NASDAQ: RUN), the self-proclaimed “nation’s leading provider of residential solar, storage and energy services,” had fallen 9.9% as of 1:20 p.m. EDT after the company reported a big earnings miss — and a change of management. For Q2 2021, Sunrun says it grew its… Continue reading BorgWarner inc (BWA) Q2 2021 Earnings Call Transcript
Lear (LEA) Surpasses Q2 Earnings Estimates
Lear (LEA) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to loss of $4.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.08%. A quarter ago, it was expected that this… Continue reading Lear (LEA) Surpasses Q2 Earnings Estimates
Adient plc (ADNT) Q3 2021 Earnings Call Transcript
Good morning, and thank you for joining us as we review Adient’s results for the third quarter of fiscal year 2021. This morning, I’m joined by Doug Del Grosso, Adient’s President and Chief Executive Officer; Jeff Stafeil, our Executive Vice President and Chief Financial Officer; in Jerome Dorlack, Executive Vice President, Head of Americas Seating.… Continue reading Adient plc (ADNT) Q3 2021 Earnings Call Transcript
GM is ‘enjoying some good success’ in auto insurance: CFO
General Motors (GM) is driving quicker than perhaps some expected into the auto insurance market. The automaker is now offering auto insurance in 20 U.S. states after beginning a test late in 2020, GM CEO Mary Barra told analysts on an earnings call Wednesday. GM is using data from its OnStar system to help determine… Continue reading GM is ‘enjoying some good success’ in auto insurance: CFO
Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna
(Bloomberg) — Qualcomm Inc. offered to buy automotive technology company Veoneer Inc. for $4.6 billion, muscling in on a bid Magna International Inc. made for the supplier last month. At $37 a share, Qualcomm is offering an 18% premium to Magna’s $31.25-a-share bid. Veoneer and Magna said last month their boards had unanimously approved what… Continue reading Qualcomm Bids $4.6 Billion for Veoneer in Battle With Magna