SHANGHAI, China, Aug. 27, 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 75,000,000 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 75,000,000 American Depositary Shares
Tag: Morgan
Chinese EV maker Xpeng files for U.S. listing after rival surges
FILE PHOTO: People look at XPeng’s P7 sedan model displayed at the Guangzhou auto show in Guangzhou, Guangdong province, China November 22, 2019. Picture taken November 22, 2019. REUTERS/Yilei Sun BEIJING (Reuters) – Chinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba (BABA.N) and Xiaomi Corp (1810.HK), has filed to list its shares in… Continue reading Chinese EV maker Xpeng files for U.S. listing after rival surges
@Ford: Ford Senior Leaders to Describe Opportunities in Europe at J.P. Morgan Auto Conference on Aug. 12
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification; mobility solutions, including self-driving… Continue reading @Ford: Ford Senior Leaders to Describe Opportunities in Europe at J.P. Morgan Auto Conference on Aug. 12
GM: Millions of dollars in offshore bank accounts fueled Fiat Chrysler scheme
CLOSE General Motors is suggesting that former UAW Vice President and ex-GM board member Joe Ashton was acting as a paid mole inside the company’s boardroom during 2015 contract bargaining as it seeks to revive its racketeering lawsuit against Fiat Chrysler Automobiles. Adding potentially more intrigue in the long-running UAW corruption scandal, GM also claims in a court filing Monday… Continue reading GM: Millions of dollars in offshore bank accounts fueled Fiat Chrysler scheme
Fiat Chrysler salaried workers back at full pay
CLOSE Fiat Chrysler Automobiles has restored full pay for its salaried workforce. Unlike General Motors, which announced its own restoration of full pay for salaried workers, the move was not earlier than expected, according to FCA, but was in the planned time frame for addressing the financial impact of the coronavirus. Ford had announced a similar plan beginning in May… Continue reading Fiat Chrysler salaried workers back at full pay
Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
That could have been worse. After missing eight of 13 second-quarter weeks of North American production because of the coronavirus shutdown, General Motors Co. posted a loss of less than $800 million for the three-month period, rescinded most of its salary cuts and signaled that the second half of the year could prove surprisingly resilient.… Continue reading Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
China’s Li Auto surges more than 50% after Nasdaq debut
(Reuters) – Li Auto Inc’s stock soared more than 50% following its debut on Nasdaq on Thursday, after the Chinese electric vehicle maker sold shares to investors in its $1.1 billion initial public offering (IPO) for a higher-than-expected price. The stock opened at $15.5 and extended gains to rise as much as $17.50, adding to… Continue reading China’s Li Auto surges more than 50% after Nasdaq debut
GM CEO says spinoff of the automaker’s EV assets not off the table
By Ben Klayman DETROIT, July 29 (Reuters) – General Motors Co Chief Executive Mary Barra said Wednesday “nothing is off the table” when it comes to maximizing the value of the No. 1 U.S. automaker’s electric vehicle efforts, including a possible spinoff of those assets. Speaking to analysts after GM reported a smaller-than-expected loss in… Continue reading GM CEO says spinoff of the automaker’s EV assets not off the table
Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)
(AP Photo/Marcio Jose Sanchez, File) Morgan Stanley on Wednesday boosted its Tesla stock price target to $1,050 from $740. It also updated its “bull case scenario” to $2,500 from $2,070. The bull case is a more than a 65% increase from where shares of Tesla traded on Wednesday. Still, the firm has an “underweight” rating… Continue reading Morgan Stanley boosts Tesla bull case to 65% upside but still has an ‘underweight’ rating on the automaker’s shares (TSLA)
GM prodded to catch electric-car zeitgeist with name change
David Welch and Chester Dawson, Bloomberg Published 1:56 p.m. ET July 29, 2020 | Updated 2:02 p.m. ET July 29, 2020 General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something… Continue reading GM prodded to catch electric-car zeitgeist with name change