Author: Yarhow_Finance Online News

Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More

Last week, China Association of Automobile Manufacturers (“CAAM”) unveiled vehicle sales data for the month of July. Auto sales in July rose 16.4% year over year to 2.11 million units, marking the fourth consecutive month of gain registered by the world’s biggest auto market. The main highlight of the July auto report in China was… Continue reading Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More

NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising

NIO Inc. NIO reported second-quarter loss per ADS of 15 cents, narrower than the Zacks Consensus Estimate of 34 cents. The loss also narrowed from the year-ago figure of 45 cents per share. The China-based EV maker posted revenues of $526.4 million, up 146.5% year over year. The top line also surpassed the consensus mark of… Continue reading NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising

Fisker says has tentative deal for Magna to build its electric SUV in Austria

DETROIT, Aug 7 (Reuters) – Electric carmaker Fisker Inc, which recently announced plans to go public through a merger with a so-called blank-check company, said on Friday it has a tentative deal for Canadian auto supplier Magna International Inc to build its Ocean electric SUV. Fisker said in a statement that it expects to reach… Continue reading Fisker says has tentative deal for Magna to build its electric SUV in Austria

Edited Transcript of ALV.N earnings conference call or presentation 17-Jul-20 12:00pm GMT

Q2 2020 Autoliv Inc Earnings Call Stockholm Aug 8, 2020 (Thomson StreetEvents) — Edited Transcript of Autoliv Inc earnings conference call or presentation Friday, July 17, 2020 at 12:00:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Anders Trapp Autoliv, Inc. – VP of IR * Fredrik Westin Autoliv, Inc. – CFO &… Continue reading Edited Transcript of ALV.N earnings conference call or presentation 17-Jul-20 12:00pm GMT

Magna International: Q2 Earnings Insights

Shares of Magna International (NYSE:MGA) moved higher by 2.8% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 207.55% over the past year to ($1.71), which missed the estimate of ($1.63). Revenue of $4,293,000,000 declined by 57.60% year over year, which beat the estimate of $4,140,000,000. Looking Ahead… Continue reading Magna International: Q2 Earnings Insights

Canada’s auto parts maker Linamar posts quarterly loss on pandemic impact

Aug 6 (Reuters) – Canada’s Linamar Corp on Thursday posted a quarterly loss compared with a year-ago profit, as the auto parts maker grapples with a demand fallout from the COVID-19 pandemic. The company’s net loss was C$37.9 million ($28.50 million), or 58 Canadian cents per share, in the second quarter ended June 30, compared… Continue reading Canada’s auto parts maker Linamar posts quarterly loss on pandemic impact

CATL Sets Up 21C Lab to Expand R&D on Novel Energy Technologies

Prof. Dr. John B. Goodenough sent his congratulations on the opening of the new laboratory NINGDE, China, June 25, 2020 /PRNewswire/ — Contemporary Amperex Technology Co. Limited (CATL) <300750.SZ>, a leading lithium-ion battery maker, breaks ground on a new innovation laboratory, 21C Lab, on Wednesday morning in its headquarters in Ningde, east China’s Fujian Province, marking… Continue reading CATL Sets Up 21C Lab to Expand R&D on Novel Energy Technologies