By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, three sources told Reuters, as Chinese investments face increased scrutiny by the government in New Delhi. MG Motor India may try to sell a… Continue reading Exclusive-Chinese automaker SAIC’s MG Motor India to raise funds for EV push -sources
Author: Yarhow_Finance Online News
Ford CFO on supply-chain challenges, electric vehicle production
Yahoo Finance anchor Brad Smith talks with Ford CFO John Lawler about the company’s Ford+ plan, supply chain challenges, and production of electric vehicles. Video Transcript BRAD SMITH: Ford announcing the initiation of new internal business units. Ford Model E, which will be dedicated to the electric vehicle business, and Ford Blue whose mission is… Continue reading Ford CFO on supply-chain challenges, electric vehicle production
Polestar CEO details new concept vehicle and the ‘electric age’ of sports cars
Polestar CEO Thomas Ingenlath sits down with Yahoo Finance Live to discuss the automotive manufacturer’s latest 02 Roadster EV, incorporating drone technology, and partnerships and IPO prospects to expand EV product lines. Video Transcript – Electric performance car brand Polestar is revealing the Polestar O2 convertible that aims to provide sustainability combined with electric mobility.… Continue reading Polestar CEO details new concept vehicle and the ‘electric age’ of sports cars
Ford just shocked the system: analyst
Wall Street is beginning to weigh in on Ford’s major transformation unveiled on Wednesday — so far the feedback supports the legion of newly formed Ford bulls. The auto giant announced it would create two distinct internal teams: Ford Blue and Ford Model e. The maneuver is designed to free up resources so Ford could… Continue reading Ford just shocked the system: analyst
Chinese EV maker Nio pursues Hong Kong, Singapore secondary listings
By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE (Reuters) -Chinese electric vehicle (EV) maker Nio Inc plans to carry out secondary listings by introduction in Hong Kong and Singapore as it seeks to grow its business in the region. Stock exchange filings on Monday showed the New York-listed firm had received preliminary approval from the Hong… Continue reading Chinese EV maker Nio pursues Hong Kong, Singapore secondary listings
Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
(Reuters) – Aptiv Plc shifted high-volume production of parts for vehicles out of Ukraine over the past couple months ahead of possible hostilities, the auto parts maker’s chief executive said. “Over the course of the last couple of months, we actually moved a couple of what I call high runner programs out of the Ukraine… Continue reading Auto parts maker Aptiv recently shifted high-volume production from Ukraine -CEO
Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Company Announces Strong Three-year Sales Backlog of $800 Million, Half from Electrified-vehicle Programs MAUMEE, Ohio, Feb. 23, 2022 /PRNewswire/ — Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) Full-year Results Sales of $8.9 billion, an increase of $1.8 billion Net income attributable to Dana of $197 million, an increase of $228 million Diluted EPS of $1.35, an increase… Continue reading Dana Incorporated Reports 2021 Financial Results, Issues Guidance for 2022
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
French auto supplier Faurecia sees higher sales in 2022
(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),… Continue reading French auto supplier Faurecia sees higher sales in 2022
full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions
FAURECIA Nanterre (France), February 21, 2022 FULL-YEAR 2021 RESULTS A FOUNDATIONAL YEAR FOR FAURECIA RESILIENT PERFORMANCE DESPITE HEADWINDS, WITH SOLID ORDER INTAKE FORVIA ON TRACK TO DELIVER ON AMBITIONS 2021: A FOUNDATIONAL YEAR FOR FAURECIA 2021 RESULTS: RESILIENT PERFORMANCE DESPITE HEADWINDS, NOTABLY SEMICONDUCTOR SHORTAGE, WITH SOLID ORDER INTAKE AMOUNTING TO CUMULATIVE €75 BILLION FOR 2019-2021… Continue reading full-year 2021 results, a foundational year for Faurecia, resilient performance despite headwinds with solid order intake, Forvia on track to deliver on ambitions