Tag: M and A

Tier scoots off with $200M, all-equity ‘first close’ of Series D

Berlin-based e-scooter rentals company Tier Mobility has announced a $200 million raise which it says is the “first close” of its Series D, as investors continue to plough money into urban micromobility. The startup confirmed to TechCrunch it will be raising a larger amount before the Series D is closed out (and the full round… Continue reading Tier scoots off with $200M, all-equity ‘first close’ of Series D

GM, Ford results likely to reflect chip shortage’s varying impacts on sector

DETROIT: General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday. GM and Ford have had to bring some assembly lines to a halt for lack of semiconductors, and contend with… Continue reading GM, Ford results likely to reflect chip shortage’s varying impacts on sector

LG Chem Q3 results miss estimates, hit by GM Bolt recall cost

Revenue rose 41% to 10.6 trillion won, LG Chem said in a regulatory filing. South Korea’s LG Chem Ltd posted a 20% fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors‘ Bolt electric vehicles. It reported an operating profit of 727 billion won ($617.55 million) for… Continue reading LG Chem Q3 results miss estimates, hit by GM Bolt recall cost

Hybrids occupy almost 21% of the market share in the third quarter in Europe

October 25, 2021 Posted by: Jorge Platero Category: Faconauto News They thus become the second engine option chosen by Europeans, surpassing diesel. Hybrid registrations have already surpassed diesel in third-quarter sales in Europe. Specifically, hybrids have had a market share of 20.7%, according to the European Automobile Manufacturers Association (ACEA). With these data they have… Continue reading Hybrids occupy almost 21% of the market share in the third quarter in Europe

LG Energy Solution-Samsung SDI partners with Stellantis for Battery Supply…A competition for Electric Vehicle Battery Supply in North America

<Stellantis Logo> As LG Energy Solution and Samsung SDI set up a battery joint venture with the world’s fourth-largest automotive manufacturing corporation Stellantis and target the North American market, their future actions are drawing attention. Stellantis announced a 260GWh battery investment plan by 2030 and joined hands with both companies to secure part of their… Continue reading LG Energy Solution-Samsung SDI partners with Stellantis for Battery Supply…A competition for Electric Vehicle Battery Supply in North America

Cooled by the markets, Volvo lowers its claims before its IPO

Posted on Oct 25, 2021, 11:44 AM The path to the Stock Exchange is definitely never without problems for Volvo Cars. Three years after having to give up its listing due to Sino-American trade tensions and the slowdown in the automobile market, the Swedish manufacturer must this time revise its ambitions downwards. He no longer… Continue reading Cooled by the markets, Volvo lowers its claims before its IPO

@niche: Sono Motors Files Registration Statement for Proposed Initial Public Offering001340

Sono Group N.V. (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) today announced that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) for an initial public offering (IPO) for its common shares. The amount of shares to be offered and the… Continue reading @niche: Sono Motors Files Registration Statement for Proposed Initial Public Offering001340

Evergrande, EV unit shares set to jump after chairman signals business shift

Evergrande chairman Hui Ka Yan said late on Friday that the company would aim to make its new electric vehicle venture its primary business instead of property within 10 years. Shares in China Evergrande Group are set to open up more than 4% on Monday after the embattled property developer announced it planned to give… Continue reading Evergrande, EV unit shares set to jump after chairman signals business shift