By Jody Godoy (Reuters) – Nio Inc investors can proceed as a class in a lawsuit claiming the Chinese electric vehicle maker lied about building its own factory in Shanghai during its 2018 initial public offering, a U.S. judge has ruled. The lawsuit in federal court in New York seeks damages from Nio, its executives… Continue reading U.S. judge greenlights Nio investor class action over factory claims
Tag: Morgan
High prices for new cars slowing, discounts rising for most
Car buyers are getting a respite in terms of rising prices on new vehicles. On Wednesday, Kelley Blue Book released July pricing data that showed the smallest year-over-year price increase in the last decade, prompting Research Manager Rebecca Rydzewski to write, “New-vehicle price inflation has all but disappeared in 2023.” According to Kelley Blue book… Continue reading High prices for new cars slowing, discounts rising for most
GM still struggling to build EVs, sees margin growth ahead for Cruise: CFO
GM in early 2022 said it expected to build 25,000 Lyriqs at the company’s Spring Hill, Tennessee, plant last year, but fell far short of that target. General Motors is still struggling to ramp up production of electric vehicles, a top executive said on Wednesday. Speaking at a J.P. Morgan investor conference, GM Chief Financial… Continue reading GM still struggling to build EVs, sees margin growth ahead for Cruise: CFO
GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 15,000,000 ORDINARY SHARES
DENVER, Aug. 9, 2023 /PRNewswire/ — Gates Industrial Corporation plc (NYSE: GTES, “Gates” or the “Company”) announced today the pricing of the previously announced secondary offering of 15,000,000 ordinary shares (the “Offering”) by certain selling stockholders affiliated with Blackstone Inc. (the “Selling Stockholders”) at a public offering price of $11.75 per share. The Selling Stockholders… Continue reading GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 15,000,000 ORDINARY SHARES
INRIX Secures $70 Million Financing from Morgan Stanley Investment Management
KIRKLAND, Wash., Aug. 8, 2023 /PRNewswire/ — INRIX, Inc., a leading provider of transportation analytics and connected car services, today announced the successful completion of a $70 million financing round from investment funds managed by Morgan Stanley Expansion Capital and Morgan Stanley Tactical Value (together, “Morgan Stanley Investment Management”). The funding will be utilized to fuel… Continue reading INRIX Secures $70 Million Financing from Morgan Stanley Investment Management
ATI Announces Pricing of Senior Notes Offering
DALLAS, Aug. 7, 2023 /PRNewswire/ — ATI Inc. (NYSE: ATI) announced today that it has successfully upsized and priced its public offering of senior notes. ATI has agreed to sell $425,000,000 aggregate principal amount of 7.25% Senior Notes due 2030 (the “Notes”). The principal amount of the offering was increased from the previously announced offering… Continue reading ATI Announces Pricing of Senior Notes Offering
ATI Announces Proposed Senior Notes Offering
DALLAS, Aug. 7, 2023 /PRNewswire/ — ATI Inc. (NYSE: ATI) announced today its intention to offer $400 million aggregate principal amount of a series of senior notes (the “Notes”), subject to market and other conditions. ATI intends to use up to approximately $300.0 million of the net proceeds to fund its pension liabilities and to… Continue reading ATI Announces Proposed Senior Notes Offering
OPENLANE Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 4, 2023 /PRNewswire/ — OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, will participate in the J.P. Morgan 2023 Auto Conference on Thursday, August 10, 2023, at 8:45am ET. Participating in the conference will be OPENLANE Chief Executive Officer Peter Kelly, Chief Financial Officer Brad Lakhia… Continue reading OPENLANE Announces Participation in Upcoming Investor Conference
AAM to Present at J.P. Morgan Auto Conference Aug. 9, 2023
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective… Continue reading AAM to Present at J.P. Morgan Auto Conference Aug. 9, 2023
AAM to Present at J.P. Morgan Auto Conference Aug. 9, 2023
DETROIT, Aug. 4, 2023 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in J.P. Morgan’s Auto Conference Aug. 9, 2023. AAM is scheduled to present at 8:50 a.m. ET. A live audio webcast will be available through the Investor Relations page on AAM’s website. A replay of the webcast will be… Continue reading AAM to Present at J.P. Morgan Auto Conference Aug. 9, 2023