Shares of Goodyear Tire & Rubber Co. dropped 3.1% in afternoon trading Wednesday, after President Donald Trump urged people not to buy the tire maker’s tires, after reports that the company is prohibiting workers from wearing apparel with political slogans, which would include “Make America Great Again” hats. “Don’t buy GOODYEAR TIRES — They announced… Continue reading Goodyear’s stock fall after Trump tweet urging boycott of company’s tires, while rivals’ shares gain
Category: Suppliers
More Than Just an Electric Vehicle Maker, NIO Launches Battery as a Service Subscription Model
In an increasingly crowded EV market, NIO is distinguishing itself with an innovative approach to EV ownership. Go to Source
China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs
Nio Inc – ADR (NYSE: NIO) confirmed early Thursday two landmark developments that are intended to drive its electric vehicle sales. Nio’s Twin Announcements: Nio unveiled a battery-as-a-service, or BaaS, subscription model, and also announced the establishment of the Wuhan Weineng Battery Asset Co. Nio’s BaaS Economics: The BaaS subscription model will allow customers purchase EVs separately,… Continue reading China’s Nio Unveils Battery-As-A-Service, Lowering EV Ownership Costs
Extraordinary General Meeting of Schaeffler AG: Schaeffler AG Plans Creation of New Authorized Capital for up to 200 mil. New Shares
2020-08-20 | Herzogenaurach Today, Schaeffler AG (ISIN DE000SHA0159, WKN SHA015) convenes an extraordinary general meeting for September 15, 2020 which will be held virtually in accordance with applicable COVID legislation. The sole agenda item of the extraordinary general meeting will be the creation of an authorized capital to be in the position to issue up… Continue reading Extraordinary General Meeting of Schaeffler AG: Schaeffler AG Plans Creation of New Authorized Capital for up to 200 mil. New Shares
AAM Supplies New Independent Rear Drive Axles for GM Full Size SUVs
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective affiliates… Continue reading AAM Supplies New Independent Rear Drive Axles for GM Full Size SUVs
Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More
Last week, China Association of Automobile Manufacturers (“CAAM”) unveiled vehicle sales data for the month of July. Auto sales in July rose 16.4% year over year to 2.11 million units, marking the fourth consecutive month of gain registered by the world’s biggest auto market. The main highlight of the July auto report in China was… Continue reading Auto Stock Roundup: TSLA Stock Split, Ford Recalls, NIO’s Q2 Show & More
Allison Transmission Declares Quarterly Dividend
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global manufacturer of medium- and heavy-duty fully automatic transmissions and a supplier of commercial vehicle propulsion solutions, including electric hybrid and fully electric propulsion systems, today announced that its Board of Directors has declared a cash dividend of $0.17 per share on the Company’s common stock… Continue reading Allison Transmission Declares Quarterly Dividend
Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic
Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic -Group revenue declines by 30 percent to 735.8 million euros in the first six month-EBIT impacted by one-time effects amounting to -24.2 million euros -Operating EBIT of -45.7 million euros in the first half of the year-Increase in existing syndicated loan… Continue reading Grammer AG: First half of 2020 significantly impacted by the effects of the COVID-19 pandemic
NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising
NIO Inc. NIO reported second-quarter loss per ADS of 15 cents, narrower than the Zacks Consensus Estimate of 34 cents. The loss also narrowed from the year-ago figure of 45 cents per share. The China-based EV maker posted revenues of $526.4 million, up 146.5% year over year. The top line also surpassed the consensus mark of… Continue reading NIO Q2 Loss Narrower Than Expected, Q3 Guidance Promising
Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car
Regensburg company is the sole supplier of the drive control unit for Volkswagen’s MEB platform The central electric drive component is ready for volume manufacturing – allows software to be updated at any time Regensburg, August 12, 2020. Electric mobility is gaining momentum with a multitude of new models set to hit the road over… Continue reading Vitesco Technologies Supplies the Drive Control Unit for the Volkswagen ID.3 Electric Car