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
Author: Yarhow_Finance Online News
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?
Why You Might Be Interested In Autoliv, Inc. (NYSE:ALV) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Autoliv, Inc. (NYSE:ALV) is about to go ex-dividend in just 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a… Continue reading Why You Might Be Interested In Autoliv, Inc. (NYSE:ALV) For Its Upcoming Dividend
10 Reddit YOLO Stocks That Are Losing Ground
In this article, we discuss the 10 Reddit YOLO stocks that are losing ground. If you want to skip our detailed analysis of these stocks, go directly to the 5 Reddit YOLO Stocks That Are Losing Ground. Retail investors have become an important market force in recent months, giving established stock market experts a run… Continue reading 10 Reddit YOLO Stocks That Are Losing Ground