Goodyear Tire (GT) has signed a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital Management. The transaction follows a previously announced strategic review of Goodyear’s Chemical business in connection with the Goodyear Forward transformation plan. Goodyear Chemical is a producer of synthetic rubber, offering a product portfolio in North… Continue reading Goodyear Tire selling chemical business
Author: Yarhow_Finance Online News
Tesla Vs. BYD: TSLA Sets Up New Buy Point While Rival Keeps Running
Tesla is setting up another aggressive buy point while BYD is at record highs. BYD growth is booming while TSLA investors bet on robotaxis. Go to Source
BYD’s HK Shares Hit Record Premium Over Onshore Stock
(Bloomberg) — BYD Co.’s shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever. Most Read from Bloomberg The shares gained as much as 4.4% in the financial hub, buoyed by positive sentiment surrounding Contemporary Amperex Technology Co.’s blockbuster debut. The stock… Continue reading BYD’s HK Shares Hit Record Premium Over Onshore Stock
Lear to Participate in the Wells Fargo Industrials and Materials Conference
SOUTHFIELD, Mich., May 22, 2025 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on June 11, 2025, at the Wells Fargo Industrials and Materials Conference in Chicago. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) Representing Lear will be: Ray Scott, President and CEO… Continue reading Lear to Participate in the Wells Fargo Industrials and Materials Conference
RBC Upgrades Dana (DAN) Stock to Outperform, Lifts PT
On May 22, RBC Capital Markets analyst Tom Narayan upped Dana Incorporated (NYSE:DAN)’s stock from “Sector Perform” to “Outperform”, while raising the price objective to $20.00 from $14.00. This upgrade comes on the heels of expectations that Dana Incorporated (NYSE:DAN) will announce its Off-Highway (OH) deal in June. This will result in positive outcomes and… Continue reading RBC Upgrades Dana (DAN) Stock to Outperform, Lifts PT
The Goodyear Tire & Rubber Company (GT) to Divest Most of Its Chemical Unit in $650 Million Deal
The Goodyear Tire & Rubber Company (NASDAQ:GT) has agreed to sell most of its chemical business to Gemspring Capital Management in a deal valued at around $650 million. The Goodyear Tire & Rubber Company (GT) to Divest Most of Its Chemical Unit in $650 Million Deal As part of the agreement, which is expected to… Continue reading The Goodyear Tire & Rubber Company (GT) to Divest Most of Its Chemical Unit in $650 Million Deal
Gemspring Capital to Acquire Goodyear Chemical
WESTPORT, Conn., May 22, 2025 /PRNewswire/ — Gemspring Capital Management, LLC (“Gemspring”), a middle-market private equity firm, is pleased to announce that an affiliate has entered into a definitive agreement to acquire The Goodyear Tire & Rubber Company’s (NASDAQ: GT) (“Goodyear” or the “Company”) polymer chemicals business (“Goodyear Chemical” or the “Business”). The acquisition includes… Continue reading Gemspring Capital to Acquire Goodyear Chemical
Goodyear Announces Sale of Chemical Business
AKRON, Ohio, May 22, 2025 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) (“Goodyear” or the “Company”) today announced that it has signed a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital Management, LLC. The transaction follows a previously announced strategic review of Goodyear’s Chemical business in… Continue reading Goodyear Announces Sale of Chemical Business
NIO to Hold Annual General Meeting on June 25, 2025
SHANGHAI, May 23, 2025 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today published a notice to announce that it will hold an annual general meeting (the “AGM”) of shareholders (the “Notice of AGM”) at… Continue reading NIO to Hold Annual General Meeting on June 25, 2025
Electric Vehicles Update – South Africa’s Electrified Future Predicted Market Surge
The electric vehicle (EV) and charging infrastructure market in South Africa is poised for substantial growth, with projections indicating an increase to USD 471.3 million by 2025 and reaching USD 1.01 billion by 2029. Despite a slightly moderated growth rate compared to prior years, the market continues to expand significantly, buoyed by a robust compound… Continue reading Electric Vehicles Update – South Africa’s Electrified Future Predicted Market Surge