(Bloomberg) — German automotive supplier Hella GmbH is planning a sale of its driver-assistance software unit, people familiar with the matter said. Hella is working with advisers to gauge interest in the business, according to the people. It could fetch several hundred million euros, the people said, asking not to be identified because the information… Continue reading German Auto Supplier Hella Weighs Software Unit Sale
Category: Suppliers
Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule
Valmet Automotive has signed a supply contract for fossil-free district heating to the Uusikaupunki car plant. Together with the earlier supply contract for fossil-free electricity, the car plant has already reduced its CO2 emissions by 70 % since 2019. The car plant is aiming at carbon-neutral production by the end of 2021. Valmet Automotive has entered… Continue reading Valmet Automotive’s car plant is approaching CO2 neutrality ahead of schedule
Li Auto Stock Just Got Its First Two Buy Ratings. How the Electric-Vehicle Maker Is ‘Differentiating Itself’ From Nio.
Chinese electric-vehicle startup (LI) got its first Buy ratings—two of them—from Goldman Sachs and Bernstein. Goldman analyst Fei Fang set his price target at $20.60 a share. Fang’s price target is a hair-lower, but he put Li stock on Goldman’s “conviction buy” list, reserved for the firms’ best ideas. Go to Source
Bridgestone announces its proposal to close tyre manufacturing plant in Port Elizabeth, South Africa
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Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
View photos As speculated, Chinese electric vehicle maker Xpeng Inc. amended its preliminary prospectus filed with the SEC, disclosing the price range and the size of its initial public offering in the U.S. Xpeng’s Updated IPO Terms: In a second amendment to its F-1 filing late Friday, Xpeng said it plans to offer 85,000 American Depository Shares, or… Continue reading Chinese EV Maker Xpeng Sets Term For Up To $1.1B IPO
Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
Nio Inc (NYSE: NIO) Chairman William Li said Thursday that the electric vehicle maker has plans to expand into other markets in the second half of 2020, CNBC reported. What Happened The Telsa Inc (NASDAQ: TSLA) rival is considering a foray into countries that are electric vehicle-friendly. “We hope to begin with Europe,” Li told reporters, without giving… Continue reading Chinese EV Maker Nio Plans Global Expansion Starting With Europe Later This Year
California’s Power Problems Could Benefit Natural Gas and Battery Makers
EQT, Exxon, and Sunrun are among the stocks that could get a boost as the state debates how to prepare for future surges. Go to Source
Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen
Valmet Automotive, one of the world’s largest vehicle contract manufacturers and engineering service providers focusing on electric mobility, is expanding its site in Helmstadt-Bargen, Baden-Württemberg, Germany, to produce electrically powered small series vehicles for urban mobility. This was announced by Dr. Robert Hentschel, SVP Engineering at Valmet Automotive, during a visit of Dr. Nicole Hoffmeister-Kraut,… Continue reading Valmet Automotive sets up small series production for electric vehicles in Helmstadt-Bargen
Shiloh Industries Receives 2019 GM Supplier Quality Excellence Awards
Shiloh Industries Receives 2019 GM Supplier Quality Excellence Awards VALLEY CITY, OHIO, June 24, 2020 – Shiloh Industries, Inc. (NASDAQ: SHLO), an environmentally focused global supplier of lightweighting, noise and vibration solutions, has been awarded the 2019 General Motors Supplier Quality Excellence Award at their Valley City, Ohio (Wegman Drive) and Warren, Michigan facilities. The… Continue reading Shiloh Industries Receives 2019 GM Supplier Quality Excellence Awards
Shiloh Industries, Inc. Amends Agreement with Bank Lenders to Provide Additional Financial Flexibility as It Resumes Production Across Its Global Operations
Shiloh Industries, Inc. Amends Agreement with Bank Lenders to Provide Additional Financial Flexibility as It Resumes Production Across Its Global Operations Board of Directors Names Anna Phillips to the Board VALLEY CITY, OHIO, June 15, 2020 – Shiloh Industries, Inc. (NASDAQ: SHLO) (the “Company”) an environmentally focused global supplier of lightweighting, noise and vibration solutions,… Continue reading Shiloh Industries, Inc. Amends Agreement with Bank Lenders to Provide Additional Financial Flexibility as It Resumes Production Across Its Global Operations