Ferrari (RACE) shares soared 3.2% in the last trading session to close at $426.82. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 13.8% loss over the past four weeks. Ferrari stock has climbed after the luxury automaker announced a 10%… Continue reading Strength Seen in Ferrari (RACE): Can Its 3.2% Jump Turn into More Strength?
Category: Suppliers
How will UK carmakers be hit by Trump import tariffs? — key developments
US president Donald Trump’s decision to impose a 25% import tariff on cars could inflict a serious blow to the UK automotive industry. The US is the second largest export market after the EU for British-built vehicles, meaning the tariffs which will come into effect on 2 April could impact the UK sector. UK prime… Continue reading How will UK carmakers be hit by Trump import tariffs? — key developments
FORVIA PRICES AN INAUGURAL 5-YEAR DOLLAR BOND ISSUANCE OF $500 MILLION SENIOR NOTES
Forvia NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1993, AS AMENDED (THE “SECURITIES ACT”)) OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS,… Continue reading FORVIA PRICES AN INAUGURAL 5-YEAR DOLLAR BOND ISSUANCE OF $500 MILLION SENIOR NOTES
Nio prices 136.8M shares at HK$29.46 in upzised offering
NIO (NIO) announced the pricing of its upsized HK$4,030.13M offering of 136,800,000 class A ordinary shares of the Company at an offering price of HK$29.46 per Placement Share. The Placement Shares have been offered to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act of 1933, as amended. The Company… Continue reading Nio prices 136.8M shares at HK$29.46 in upzised offering
Better EV Stock: Nio vs. Rivian
Nio (NIO -4.27%) and Rivian Automotive (RIVN -3.99%) were once two of the market’s hottest electric vehicle (EV) stocks. Nio, the Chinese EV maker, which went public at $6.26 per American depositary receipt (ADR) on Sept. 12, 2018, surged tenfold to a record closing price of $62.84 on Feb. 9, 2021. Rivian, an American maker… Continue reading Better EV Stock: Nio vs. Rivian
Nio’s $500M Shock Drop: Massive Share Sale Triggers Panic on Wall Street
Nio (NYSE:NIO) just dropped a bombshelland investors aren’t thrilled. The EV maker announced a surprise offshore share sale of nearly 118.8 million new Class A shares, representing about 5.4% of its current float. The deal is priced at a sharp 9.5% discount to its last Hong Kong close, signaling urgency. Shares in the U.S. tumbled… Continue reading Nio’s $500M Shock Drop: Massive Share Sale Triggers Panic on Wall Street
China’s BYD signs car parts distribution agreement in Italy
(Reuters) – Chinese electric automaker BYD (1211.HK) said on Friday it signed a car parts distribution deal with Italian company Intergea, as part of its strategy to boost its presence in a key European market. Chinese auto producers are looking to boost sales in Europe while their domestic market slows down, counting on their advantage… Continue reading China’s BYD signs car parts distribution agreement in Italy
Prediction: 3 Stocks That Could Be Worth More Than Tesla 10 Years From Now
Tesla (NASDAQ: TSLA) is sporting a market capitalization of $888 billion as I write this. That’s big! And that’s after a year-to-date drop of 38%. The shares have been dropping recently for multiple reasons — such as vehicle quality issues (including a recall of all Cybertrucks) and CEO Elon Musk’s controversial actions in the U.S.… Continue reading Prediction: 3 Stocks That Could Be Worth More Than Tesla 10 Years From Now
Did BYD Just Say “Checkmate” to Tesla?
Electric car maker Tesla (TSLA -2.29%) has been under all sorts of pressure in 2025. The stock is trading down nearly 33% so far this year (as of March 26), and several analysts seem torn on the company. Some think the sell-off is overblown and that Tesla has numerous catalysts ahead. Others are very concerned… Continue reading Did BYD Just Say “Checkmate” to Tesla?
AERO Hydrogen & Battery Summit: Bosch Aviation Technology presents concept for ground-breaking hydrogen aircraft engine
Mobility is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 55.9 billion euros in 2024, and thus contributed around 62 percent of total sales. This makes the Bosch Group one of the leading mobility suppliers. Bosch Mobility pursues a vision of mobility that is safe, sustainable, and exciting. For… Continue reading AERO Hydrogen & Battery Summit: Bosch Aviation Technology presents concept for ground-breaking hydrogen aircraft engine