DUBLIN, June 8, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced that it has commenced concurrent proposed offerings of $1.0 billion of ordinary shares (the “Ordinary Shares Offering”) and $1.0 billion of Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) (the “Preferred Shares Offering,” and together with the Ordinary… Continue reading Aptiv PLC Announces Proposed Offerings of Ordinary Shares and Mandatory Convertible Preferred Shares
Category: Automotive
Elon Musk reveals Tesla Model Y production ramp up problem in leaked email
Elon Musk has confirmed that Tesla is facing some Model Y production issues in a new leaked email to employees. Due to the pandemic, Tesla had to shut down its Fremont factory at a really bad time – just as they were starting to ramp up Model Y production. They started back up last month,… Continue reading Elon Musk reveals Tesla Model Y production ramp up problem in leaked email
Tesla’s second largest shareholder invests $35 million in air taxi startup Lilium
German air taxi startup Lilium said on Monday it has raised an additional $35 million to fuel its goal of launching an electric vertical takeoff and landing (eVTOL) vehicle by 2025. That’s in addition to $240 million raised by the company in early March, when much of the globe began to feel the effects of… Continue reading Tesla’s second largest shareholder invests $35 million in air taxi startup Lilium
FLX Raises $12 Million To Produce The Babymaker Electric Road Bike
SAN DIEGO, June 8, 2020 /PRNewswire/ — With a total raise of over $12 Million Dollars, FLX Bike ended funding for The Babymaker electric road bike last night. FLX, led by vegan founders Rob Rast and Pete Leaviss, launched the Babymaker on crowdfunding platform Indiegogo on March 17th. The goal was to raise $20,000 to… Continue reading FLX Raises $12 Million To Produce The Babymaker Electric Road Bike
Online used car seller Vroom raises $467.5 million in U.S. IPO
(Reuters) – Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on hold. Vroom priced its IPO of 21.25 million shares at $22, valuing the company at $2.48 billion. The company priced its… Continue reading Online used car seller Vroom raises $467.5 million in U.S. IPO
Mintech Drawing Eyes with Its Battery Diagnosis Technology
There is a venture capital-backed company called Mintech in Yuseong Techno Valley, which is about a 20 minute drive from Daejeon Station and is like a center of South Korea’s cutting-edge technologies, that is currently working on technologies that may prove to be very valuable electric vehicles. Mintech was established in 2015 and it is… Continue reading Mintech Drawing Eyes with Its Battery Diagnosis Technology
Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet… Continue reading Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co (7201.T) boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping. FILE PHOTO: Former Nissan chairman Carlos… Continue reading Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
Leaked email from Elon Musk reveals the Model Y is experiencing production ‘challenges’ while passing the Model 3 as the top priority at Tesla’s US car factory (TSLA)
Tesla’s Model Y SUV is the No. 1 priority at the electric-car maker’s Fremont, California, factory, CEO Elon Musk said in an email to employees on June 6. Tesla is dealing with manufacturing and supply-chain “challenges” related to the Model Y, Musk said. Musk also referenced “tough conditions” on one assembly line and said they… Continue reading Leaked email from Elon Musk reveals the Model Y is experiencing production ‘challenges’ while passing the Model 3 as the top priority at Tesla’s US car factory (TSLA)
Magna Announces Senior Notes Offering
AURORA, Ontario, June 08, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an underwriting agreement providing for the issuance of U.S.$750 million aggregate principal amount of its senior unsecured notes pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission… Continue reading Magna Announces Senior Notes Offering