Maranello (Italy), 29 July 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announced that it has completed a private placement to certain US institutional investors of EUR 150 million aggregate principal amount of 0.91% senior notes due 2032 (the “Notes”). The net proceeds from the offering will be used towards general corporate… Continue reading Ferrari N.v. Places Eur 150 Million in Bonds With U.s. Private Investors, Due 2032
Category: Newswire
World NM: Jeep Gladiator Production Halting One Week Over Chip Shortage001414
From the PlayStation 5 to the Huawei P50 that ships with fourth-generation connectivity instead of 5G technology, the chip shortage affects many industries. The auto sector is especially incapacitated, and the latest automobile to feel the semiconductor crunch is the Gladiator. Accord… (continue reading…) Go to Source
Senmiao Technology Announces Signing of Framework Agreement with BYD’s Biggest Dealer in China for Leasing of 6,000 Automobiles
CHENGDU, China, July 30, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a framework agreement with Baijuyi (Qingdao) New Energy Car Limited (“Baijuyi”), whereby Senmiao… Continue reading Senmiao Technology Announces Signing of Framework Agreement with BYD’s Biggest Dealer in China for Leasing of 6,000 Automobiles
SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
This round of financing was led by Bank of China Group Investment (BOCGI), followed by the Sub-funds of National Fund for Technology Transfer and Commercialization, Country Garden Venture Capital, Shenzhen Capital Group(SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others. Original shareholders, including SDIC and JZ Capital, significantly increased their… Continue reading SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
Volta Industries to Participate at Upcoming Investor Conferences
SAN FRANCISCO, July 30, 2021 /PRNewswire/ — Volta Industries, Inc. (“Volta Charging”) today announced that its management team will virtually attend the following investor conferences and events: Jefferies Virtual Industrial Conference August 3, 2021 Needham 10th Annual Robotics and Clean Tech August 6, 2021 Canaccord 41st Annual Growth Conference August 10, 2021 Raymond James Aspen… Continue reading Volta Industries to Participate at Upcoming Investor Conferences
World NM: Hyundai union votes to accept wage deal, won’t strike001413
The trade union of South Korean automaker Hyundai Motor said its members have accepted a pay deal and will not go on strike. Since its formation in 1987, the union has staged strikes every year up to 2008, except in 1994. Originally, the union had threatened to go on strike, requesting 30 percent of Hyundai’s… Continue reading World NM: Hyundai union votes to accept wage deal, won’t strike001413
Dana and Switch Mobility Partner on Electrified Commercial Vehicles
MAUMEE, Ohio, and LEEDS, U.K., July 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a global leader in drivetrain and e-propulsion systems, and Switch Mobility Ltd. (‘Switch Mobility’ or ‘the company’), the electrified commercial vehicles company and subsidiary of Ashok Leyland Ltd, a leading commercial-vehicle manufacturer, announced today the signing of a strategic agreement between… Continue reading Dana and Switch Mobility Partner on Electrified Commercial Vehicles
Visteon Announces Second-Quarter 2021 Results
Sales of $610 million; 59% increase Y/Y excluding currency Net loss of $11 million Adjusted EBITDA of $30 million, a Y/Y increase of $33 million Net cash position of $115 million at the end of Q2 First-half new business wins of $3.2 billion Industry’s largest all-digital cluster multi-region program with global OEM Continued global growth… Continue reading Visteon Announces Second-Quarter 2021 Results
World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410
Ford has been stockpiling vehicles for some time now, as the American automaker is no stranger to the global chip shortage. According to chief financial officer John Lawler, the Blue Oval still has 60,000 to 70,000 vehicles waiting for semiconductors. Once those parts are fitted, the vehicles will be ready for delivery. In early July,… Continue reading World NM: Ford Has Over 60,000 Incomplete Vehicles Because of the Global Chip Shortage001410
ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month
DALLAS, July 29, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a report from the CEO, Randell Torno, on the company’s electric motorcycle pilot launched earlier this month. The report is included in it’s entirety below: CEO Electric Motorcycle Pilot Report As this pilot report update is being published, I should be… Continue reading ALYI Previews Upcoming Multimedia Communication Campaign Featuring Electric Motorcycle Pilot Launched Earlier This Month