More than 50 percent of motorists said that they would be more likely to take up EV ownership if the government introduced a scrappage scheme for petrol and diesel cars. The findings from a nationwide survey from nationwide EV charge point installer Smart Home Charge at a time where speculation suggests that the announcement of such a… Continue reading Majority Of Potential EV Buyers In UK Waiting For Scrappage Scheme
Tag: Morgan
TuSimple seeking $250 million in new funding to scale self-driving trucks
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort. Morgan Stanley has sent… Continue reading TuSimple seeking $250 million in new funding to scale self-driving trucks
Nio Completes $428M ADS Offering, Stock Now Up 70% YTD
China’s electric-vehicle maker Nio Inc (NIO) has announced the completion of the offering of 72 million American depositary shares (ADS) at $5.95 per ADS, raising $428.4 million. The company has also granted the underwriters a 30-day option to purchase up to an additional 10.8 million ADSs. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA)… Continue reading Nio Completes $428M ADS Offering, Stock Now Up 70% YTD
@Nio: NIO Inc. Announces Completion of Offering of American Depositary Shares
SHANGHAI, China, June 15, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the completion of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price… Continue reading @Nio: NIO Inc. Announces Completion of Offering of American Depositary Shares
@Daimler: F1: Brixworth
A new senior leadership structure to tackle the challenges of the future Hywel Thomas, Adam Allsopp, Richard Stevens and Ronald Ballhaus to guide the company Andy Cowell will support the transition and a major future project of Mercedes-Benz AG Mercedes-AMG High Performance Powertrains (HPP) today announced a revised senior management structure from 1 July 2020… Continue reading @Daimler: F1: Brixworth
Kongsberg Automotive Renegotiated Terms for its Revolving Credit Facility
Sun, Jun 14, 2020 21:43 CET Kongsberg Automotive (the “Company”) has renegotiated certain terms of its Euro 70 million revolving credit facility (“RCF”) with its banks, Danske Bank and J P Morgan. Under this relief agreement (“Relief Agreement”), the Company can utilize 80% of its RCF line without being subject to the NIBD/EBITDA covenant testing.… Continue reading Kongsberg Automotive Renegotiated Terms for its Revolving Credit Facility
FCA’s top communications exec leaves job after just 4 months
CLOSE Simon Sproule, chief communications officer at Fiat Chrysler Automobiles based in Auburn Hills, is leaving the job he began Feb. 3. He resigned and has made the personal decision to step away from the auto industry, according to a source close to the situation. His last day is Friday. The company said in a statement, “Simon Sproule… Continue reading FCA’s top communications exec leaves job after just 4 months
NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
SHANGHAI, China, June 11, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 72,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”), at a price of… Continue reading NIO Inc. Announces Pricing of Offering of 72,000,000 American Depositary Shares
Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings
@Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares
SHANGHAI, China, June 09, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 60,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares