The bygone week was fairly calm on the EV front after weeks of a robust flow of news amid the earnings season. Tesla, Inc. (NASDAQ: TSLA)’s Elon Musk, however, provided the excitement that could last for the week and more, with the EV maker’s AI Day presentation. Tesla At the Forefront of Cutting AI Tech:… Continue reading EV Week In Review: Tesla’s ‘AI Day’ Front And Center, Nio On Damage Control Mode, Romeo’s Rough Ride, Lordstown’s ‘Very Brief’ Shareholder Meeting
Author: Yarhow_Finance Online News
Supply Chains Are Still Squeezed. Just Ask These Companies.
Bloomberg U.S. Stocks See Large Inflows as ‘Everyone Believes in TINA’ (Bloomberg) — U.S. stock funds enjoyed their largest inflows in nine weeks, according to Bank of America strategists, as strong central bank support means there’s no alternative to equities to generate returns.U.S. equity funds attracted $12.8 billion in the seven days ending Aug. 18,… Continue reading Supply Chains Are Still Squeezed. Just Ask These Companies.
Eaton Names Christina Bosserd Senior Vice President, Internal Audit; Jack Matejka to Retire
DUBLIN, August 20, 2021–(BUSINESS WIRE)–Power management company Eaton (NYSE:ETN) today announced that Christina Bosserd has been named senior vice president, Internal Audit, effective October 1. She succeeds Jack Matejka, senior vice president, Internal Audit, who will be retiring on September 30. Bosserd will report to Tom Okray, Eaton’s executive vice president and chief financial officer,… Continue reading Eaton Names Christina Bosserd Senior Vice President, Internal Audit; Jack Matejka to Retire
BorgWarner Shares Congratulatory Message on AKASOL’s Grand Opening of their Gigafactory
AUBURN HILLS, Mich., Aug. 20, 2021 /PRNewswire/ — BorgWarner President and CEO, Frédéric Lissalde, and other members of the BorgWarner leadership team attended the Grand Opening of AKASOL’S Gigafactory 1, Europe’s largest factory for commercial-vehicle battery systems, located in Darmstadt, Germany. The grand opening, held on August 16th, was attended by Tarek Al-Wazir, Hessian Minister… Continue reading BorgWarner Shares Congratulatory Message on AKASOL’s Grand Opening of their Gigafactory
EV battery startup Ample raises $160 million in latest funding round
Khaled Hassounah, Ample CEO & Co-Founder, joined Yahoo Finance Live to discuss the company’s latest funding round and his outlook for the EV sector. Video Transcript ADAM SHAPIRO: The CEO and co-founder Khaled Hassounah is joining us with news that you just raised another $160 million. Tell us how that’s going to help you, because… Continue reading EV battery startup Ample raises $160 million in latest funding round
Why Nio Stock Is Down Today
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Thursday, under pressure amid a sell-off of luxury goods makers on concerns that China may take new actions to limit personal income and redistribute wealth. As of 10:45 a.m. EDT, Nio’s American depositary shares were down about 4.2% from Wednesday’s closing price.… Continue reading Why Nio Stock Is Down Today
RBC or ETN: Which Is the Better Value Stock Right Now?
Investors interested in Manufacturing – Electronics stocks are likely familiar with Regal Beloit (RBC) and Eaton (ETN). But which of these two companies is the best option for those looking for undervalued stocks? Let’s take a closer look. We have found that the best way to discover great value opportunities is to pair a strong… Continue reading RBC or ETN: Which Is the Better Value Stock Right Now?
Toyota Plunges as Chip Shortage Forces September Output Cut
(Bloomberg) — Toyota Motor Corp. slumped as much as 4.7% as the worsening chip shortage saw the world’s No. 1 automaker suspend output for several days at almost all its plants in Japan next month, forcing a 40% cut in production plans. Adjustments will be made to the production operations of plants for completed vehicles… Continue reading Toyota Plunges as Chip Shortage Forces September Output Cut
3 Top Chinese Stocks to Watch in August
Reuters Videos Kabul streets calm as Taliban promise peace A humvee with a Taliban flag was parked near the British embassy.The Taliban have said they want peace, will not take revenge against old enemies, and would respect the rights of women within the framework of Islamic law.But thousands of Afghans, many of whom helped U.S.-led… Continue reading 3 Top Chinese Stocks to Watch in August
Are Nio and Lordstown Motors Worth Your Time in Mid-2021?
Amid the recent flurry of interest in electric vehicles, several new EV companies have been in the news, including Nio (NYSE: NIO) and Lordstown Motors (NASDAQ: RIDE). Nio just published its second-quarter 2021 earnings on Aug. 11, while Lordstown recently gained the conditional backing of a hedge fund. Up to this point, Nio has been… Continue reading Are Nio and Lordstown Motors Worth Your Time in Mid-2021?