D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about… Continue reading Daimler profit warning upsets car industry
Tag: Morgan
Ford Refuses to Rush Into Robo -Taxis Even After GM, Waymo Deals
General Motors Co. and Alphabet Inc.’s Waymo rocked the auto industry last week with self-driving deals that will have each deploying thousands of robo-taxis onto U.S. roads over the next 18 months. Ford Motor Co., meanwhile, will continue biding its time. The second-largest U.S. automaker is going to keep playing the long game after news… Continue reading Ford Refuses to Rush Into Robo -Taxis Even After GM, Waymo Deals
Mercedes-Benz Is Starting Car-Subscription
For You Live TV Stream Schedule: U.S. TV 03:00 Bloomberg Technology UP NEXT 04:00 PAID PROGRAMMING 04:30 PAID PROGRAMMING 05:00 Bloomberg Daybreak: Europe 06:30 Bloomberg Markets: European Open 08:00 Bloomberg Surveillance 09:00 Bhanu Baweja UBS Limited, Head:EM Cross Asset Strategy 09:00 Bhanu Baweja UBS Limited, Head:EM Cross Asset Strategy 09:40 Carsten Spohr Deutsche Lufthansa AG,… Continue reading Mercedes-Benz Is Starting Car-Subscription
Bourse de Paris : Mamma mia !
A gauche, il y a l’Italie, à droite, il y a Trump. Le titre du dernier point hebdomadaire publié par Zonebourse est plus que jamais d’actualité. Mais force est de constater que depuis le début de la semaine, la crise politique qui secoue nos voisins préoccupe davantage la planète finance que le poker diplomatique du… Continue reading Bourse de Paris : Mamma mia !
American Axle loan refinancing expected to be shelved as markets soften – sources
NEW YORK (LPC) – A refinancing transaction for driveline system maker American Axle & Manufacturing is expected to be shelved as a softening in the equity and corporate debt markets is making investors wary of buying into new leveraged loans that could lose value in the secondary market, sources said. JP Morgan is leading the… Continue reading American Axle loan refinancing expected to be shelved as markets soften – sources
Autoliv Board approves completion of spin-off
Thu, May 24, 2018 17:00 CET – Board of directors approves completion of spin-off and sets record date – New board members of Veoneer – Details on share distribution and first day of trading – Bridge financing – Details on second quarter reporting (Stockholm, Sweden, May 24, 2018) – Autoliv, Inc. (NYSE: ALV… Continue reading Autoliv Board approves completion of spin-off
Motability faces official investigation into financial operations
Motability, the charity provider of lease cars, wheelchairs and scooters to disabled people, has come under fire over its financial operations. Motability Operations, which receives around £2 billion per year from the Department of Work and Pensions, has accrued a £2.4bn reserve in cash – a four-fold increase over 2008. Meanwhile, the salary of CEO… Continue reading Motability faces official investigation into financial operations
Geely considering dual-location stock market flotation of Volvo
Chinese car giant Geely is considering floating Volvo on the Hong Kong and Stockholm stock exchanges. According to Bloomberg, the burgeoning Swedish brand’s parent company has consulted three major banking firms – Goldman Sachs, Citigroup and Morgan Stanley – on the possible move. Sources disclosed that a company value of between £12 billion and £22 billion is… Continue reading Geely considering dual-location stock market flotation of Volvo
German regulator says Geely’s Daimler stake needed earlier disclosure -report
FRANKFURT (Reuters) – German markets regulator BaFin has found that transactions to buy a 9.69 percent Daimler stake on behalf of Geely chairman Li Shufu did not meet German disclosure rules, Germany’s Frankfurter Allgemeine Zeitung said. Investment bank Morgan Stanley should have disclosed its transactions on Feb. 22, 2018 rather than on Feb. 23, Frankfurter… Continue reading German regulator says Geely’s Daimler stake needed earlier disclosure -report
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source