(Bloomberg) — When a Chinese billionaire became Daimler AG’s biggest shareholder in 2018, it caused quite a stir. Another Chinese investor took an even bigger stake the following year, the Mercedes-Benz maker just disclosed for the first time. Most Read from Bloomberg Daimler announced Monday that BAIC Automotive Group Co. almost doubled its stake in… Continue reading Daimler Reveals Chinese Partner Doubled Stake Years Ago
Author: Yarhow_Finance Online News
China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
BERLIN (Reuters) -Daimler on Monday said its Chinese shareholder Beijing Automotive Group Co Ltd (BAIC) does not plan to increase its stake in the German luxury carmaker beyond the 9.98% stake it has held since 2019. The German carmaker said BAIC told Daimler after the Daimler Truck spinoff on Friday that it has held a… Continue reading China carmaker BAIC has 9.98% stake in Daimler, no plans to raise it further
Better Buy: Nio or a 50/50 Split of Lucid and Tesla
Motley Fool Buy These 2 Growth Stocks on the Dip If you’re looking for a company with the potential to grow, in a market with a bright future, investing in growth stocks can be extremely rewarding. Two growth stocks that offer investors a great opportunity to buy on a recent dip include a leader in… Continue reading Better Buy: Nio or a 50/50 Split of Lucid and Tesla
Is Li Auto Stock a Buy?
Motley Fool Buy These 2 Growth Stocks on the Dip If you’re looking for a company with the potential to grow, in a market with a bright future, investing in growth stocks can be extremely rewarding. Two growth stocks that offer investors a great opportunity to buy on a recent dip include a leader in… Continue reading Is Li Auto Stock a Buy?
Magna Secures Business For Hybrid Dual-Clutch Transmission Program
Magna’s hybrid dual clutch transmissions will be produced at its facility in Bari, Italy Magna’s hybrid dual clutch transmissions will be produced at its facility in Bari, Italy Next generation compact and mid-size transmissions launching in 2025 with Mercedes-Benz Two HDT programs to launch in the coming months with additional global OEMs Shift to hybrid… Continue reading Magna Secures Business For Hybrid Dual-Clutch Transmission Program
Clarivate Announces Change in Executive Leadership
Jonathan Collins Succeeding Richard Hanks as Executive Vice President & Chief Financial Officer LONDON, Dec. 1, 2021 /PRNewswire/ — Clarivate plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a change to our executive leadership team. Clarivate Executive Vice President and Chief Financial Officer… Continue reading Clarivate Announces Change in Executive Leadership
China’s Biggest Carmaker Eyes $157 Million for Mobility Division
(Bloomberg) — SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from Bloomberg China’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partners,… Continue reading China’s Biggest Carmaker Eyes $157 Million for Mobility Division
Why Nio, XPeng, and Li Are Leading Wednesday’s Stock Market Recovery
The topsy-turvy market action we’ve seen over the past week continued on Wednesday morning, with many market participants breathing a sigh of relief as stocks looked poised to climb and regain some of their losses from Tuesday. S&P 500 (SNPINDEX: ^GSPC) futures gained 56 points to 4,622, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were up… Continue reading Why Nio, XPeng, and Li Are Leading Wednesday’s Stock Market Recovery
Dana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials Conference
MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today it will participate in Credit Suisse’s 9th Annual Industrials Conference on Dec. 1, 2021. Beginning at 12:10 p.m. EST, Dana’s Executive Vice President and Chief Financial Officer Jonathan Collins will participate in a fireside chat for approximately 30 minutes. Dana Incorporated logo.… Continue reading Dana Incorporated to Participate in Credit Suisse’s 9th Annual Industrials Conference
Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden
– Company breaks ground on highly automated e-Manufacturing site – Investment supports Dana’s commitment to a sustainable future – Project receives $10.7 million in business development grants – Dana extends more than 100-year history of operating in Sweden MAUMEE, Ohio, Nov. 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that its Dana TM4… Continue reading Dana TM4 to Establish New Electrodynamics Facility in Åmål, Sweden