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
Tag: Morgan
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
Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO
Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in a range of… Continue reading Volvo Cars Picks Citi, Goldman, Morgan Stanley on IPO
China’s Geely said to pick Citi, others for Volvo Cars IPO
May 10, 2018 Volvo Cars owner Zhejiang Geely Holding Group Co. has selected Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to advise on an initial public offering for the Swedish carmaker this year, according to people with knowledge of the matter. China’s Zhejiang Geely and Volvo have discussed valuing the Swedish automaker in… Continue reading China’s Geely said to pick Citi, others for Volvo Cars IPO
Autonomic Realigns Executive Team to Position for Growth
Palo Alto, Calif. (May 10, 2018) – Poised for significant growth, Autonomic, the creator of the Transportation Mobility Cloud™ and a wholly owned subsidiary of Ford Smart Mobility, has realigned its leadership team, officially confirming Gavin Sherry as Chief Executive Officer. The Transportation Mobility Cloud™ is the first open cloud-based platform that connects the diverse… Continue reading Autonomic Realigns Executive Team to Position for Growth
In self-driving car race, Waymo leads traditional automakers
You are here: Home » OEM » Automakers and Suppliers » Waymo is testing autonomous driving using Chrysler Pacifica minivans. Photo credit: Katie Burke UPDATED: 5/8/18 11:14 am ET DETROIT/MUNICH — In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet’s Waymo. The Google sibling is ahead of traditional automakers such… Continue reading In self-driving car race, Waymo leads traditional automakers
Tesla’s Bonkers Earnings Call Was Actually Perfect
In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect