BorgWarner Inc. BWA recently announced the completion of the tender offer for shares of AKASOL AG, making the company the owner of 89.08% of AKASOL’s outstanding shares. BorgWarner has paid roughly 648 million euros to settle the arrangement, with the purchase price being 120 euro per tendered AKASOL share. The transaction will be funded primarily… Continue reading BorgWarner (BWA) Boosts Electrification Portfolio on AKASOL Takeover
Author: Yarhow_Finance Online News
BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Multinational automotive supplier BorgWarner (BWA) announced that it has completed the tender offer to buy 89.08% of the outstanding shares of AKASOL. AKASOL designs and manufactures customizable lithium-ion battery systems for buses, commercial, rail, and industrial vehicles, as well as for ships and boats. The company has paid approximately €648 million from its current cash… Continue reading BorgWarner Completes Tender Offer For 89% Stake in AKASOL
UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
(Adds BAIC Motor shares move) BEIJING, June 7 (Reuters) – Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing… Continue reading UPDATE 1-Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
BEIJING (Reuters) -Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed. The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler… Continue reading Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
China EV Maker Betting on Cult Status to Sell a Million Cars
(Bloomberg) — Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500. The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor… Continue reading China EV Maker Betting on Cult Status to Sell a Million Cars
Li Auto Should Be Worth $30.21, 21% More Than Its Current Price
Li Auto (NASDAQ:LI) is a Chinese electric vehicle (EV) stock that seems to be too cheap. Here is the reason. It trades for just 4.4 times forward sales, according to Seeking Alpha’s compilation of analysts’ estimates. But its peers in the Chinese EV market have much higher valuations. There doesn’t seem to be any good… Continue reading Li Auto Should Be Worth $30.21, 21% More Than Its Current Price
There Just Might Be a Better Buy Than Nio Stock
Nio’s (NYSE:NIO) latest drop in price saw NIO stock fall from a Feb. 10 high of $64.60 to a May 13 low of $30.71 before recovering some of those losses over the second half of the month and into June. A Nio (NIO) sign and logo on a tan concrete building. Source: Sundry Photography /… Continue reading There Just Might Be a Better Buy Than Nio Stock
Why Is BorgWarner (BWA) Up 4% Since Last Earnings Report?
It has been about a month since the last earnings report for BorgWarner (BWA). Shares have added about 4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is BorgWarner due for a pullback? Before we dive into how investors and analysts… Continue reading Why Is BorgWarner (BWA) Up 4% Since Last Earnings Report?
Do Its Financials Have Any Role To Play In Driving Aptiv PLC’s (NYSE:APTV) Stock Up Recently?
Most readers would already be aware that Aptiv’s (NYSE:APTV) stock increased significantly by 13% over the past month. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company’s key financial indicators today to determine if they have any role to play in… Continue reading Do Its Financials Have Any Role To Play In Driving Aptiv PLC’s (NYSE:APTV) Stock Up Recently?
Eaton Corporation plc’s (NYSE:ETN) Financial Prospects Don’t Look Very Positive: Could It Mean A Stock Price Drop In The Future?
Eaton’s (NYSE:ETN) stock is up by 6.6% over the past three months. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share price will keep up, given that the company’s financials don’t look very promising. In this article, we decided to focus… Continue reading Eaton Corporation plc’s (NYSE:ETN) Financial Prospects Don’t Look Very Positive: Could It Mean A Stock Price Drop In The Future?