Category: Automotive

Auto Roundup: LEA’s Twin Buyouts, GPI’s Investor-Friendly Moves and More

Last week, the European Automobile Manufacturers Association (“ACEA”) released data for passenger car registrations for April 2022. The European Union (EU) passenger vehicle market contracted 20.6% in April to 684,506 units amid chip woes aggravated by the Russia-Ukraine war. Most of the countries in the EU witnessed a double-digit drop in registrations, including four key… Continue reading Auto Roundup: LEA’s Twin Buyouts, GPI’s Investor-Friendly Moves and More

Lear’s (LEA) IGB Buyout to Bolster Thermal Comfort Offerings

Lear Corporation LEA recently announced that it has entered into an agreement to acquire I.G. Bauerhin (“IGB”), a private supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors and electronic control modules.   The acquisition, valued at €140 million, will be on a cash and debt-free basis. The transaction, subject to… Continue reading Lear’s (LEA) IGB Buyout to Bolster Thermal Comfort Offerings

Do Options Traders Know Something About Goodyear (GT) Stock We Don’t?

Investors in The Goodyear Tire & Rubber Company GT need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 17, 2022 $3.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much… Continue reading Do Options Traders Know Something About Goodyear (GT) Stock We Don’t?

Didi’s delisting now done deal

Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal

The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi frens, welcome back to The Station, your weekly guide to everything going on in the world of transportation. First up, TechCrunch finally got back onstage and in-person… Continue reading The Station: All the news out of TC Sessions: Mobility, #PoorElon and a sobering NHTSA report

Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash

As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and staking cryptocurrency can range from 1% to as high as 15% for riskier projects. Others are looking at high-yield savings accounts like the one from… Continue reading Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash

Ex-Uber executive reveals how driver earnings were slashed in Kenya

New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers against Uber BV and its local subsidiary. Alissa Orlando, a former Uber executive in Kenya, said that she left the ride-hailing… Continue reading Ex-Uber executive reveals how driver earnings were slashed in Kenya

Update: NASA Seeks Comments on Moon to Mars Objectives by June 3

WASHINGTON, May 23, 2022 /PRNewswire/ — Editor’s Note: NASA has extended the comment period on its Moon to Mars Objectives to 5 p.m. EDT on Friday, June 3. Comments were previously set to close on Tuesday, May 31. While the agency is working on a tight deadline to finalize the objectives this fall, numerous respondents requested… Continue reading Update: NASA Seeks Comments on Moon to Mars Objectives by June 3

MAVTV Announces ‘All-American Weekend’ – Exciting Broadcast Lineup to Include Live Pro Motocross, Premier Dirt Track Racing, Tribute Honoring Military Heroes

MAVTV’s All-American Weekend Lineup Show-Me Marathon – A round-up of classic Lucas Oil Late Model Dirt Series Show-Me 100 events from 2018 to 2021. Airing exclusively on MAVTV Motorsports Network on Wednesday, May 25 from 5 to 9 p.m. EDT Cowboy Classic – The Lucas Oil Late Model Dirt Series’ 45-lap preliminary feature event kicks… Continue reading MAVTV Announces ‘All-American Weekend’ – Exciting Broadcast Lineup to Include Live Pro Motocross, Premier Dirt Track Racing, Tribute Honoring Military Heroes