China startup Nio hires eight banks for $2 bn US IPO

Other banks are Bank of America Merrill Lynch, Credit Suisse, Citigroup, Deutsche Bank, JPMorgan and UBS, said the people, declining to be identified as the deal details are not public. HONG KONG: Chinese electric vehicle startup Nio has hired eight banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market… Continue reading China startup Nio hires eight banks for $2 bn US IPO

Lithium prices to fall 45% by 2021, Morgan Stanley says

Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. Choose the subscription that is right for you Read more For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business… Continue reading Lithium prices to fall 45% by 2021, Morgan Stanley says

Marchionne leaves Fiat … and among these is his substitute

The charismatic CEO of the FCA Group, Sergio Marchionne, has barely a year left to retire and, as pointed out by some information such as that offered by Automotive News, the Italian leader would already be organizing his farewell. After almost 15 years at the top of the Executive Board of Fiat (he was named… Continue reading Marchionne leaves Fiat … and among these is his substitute

Record Growth and Profit for Morgan Motor Company

Morgan Motor Company has today announced record profitability and growth as it continues to roll out a long-term strategy plan under the guidance of Chairman Dominic Riley, Managing Director Steve Morris and family shareholders – keeping up the positive momentum in the family owned business. Year-end financial reports released today announce record growth from the… Continue reading Record Growth and Profit for Morgan Motor Company

Morgan Motor Company to celebrate 50 years of the iconic Plus 8 with limited edition anniversary model due in 2018

Morgan Motor Company will celebrate its most iconic Plus 8 with a 50th Anniversary Special Edition. The British marque has today released teaser images and video for the exclusive special edition ahead of its much-anticipated reveal at the Geneva Motor Show. The family-owned, bespoke sports car manufacturer will produce 50 of the special edition models,… Continue reading Morgan Motor Company to celebrate 50 years of the iconic Plus 8 with limited edition anniversary model due in 2018

Colin Boden appointed as Group Financial Director of the Morgan Motor Company

Morgan Motor Company, the world’s longest running family owned motor manufacturer, are delighted to announce the appointment of Colin Boden as Group Financial Director with immediate effect. As Group Financial Director, Colin will not only be responsible for the financial functions of the Morgan Group, his role will establish him as a key influence in… Continue reading Colin Boden appointed as Group Financial Director of the Morgan Motor Company

EV3 Project Update – December 2017

Morgan Motor Company has announced a technical partnership with industry leaders Frazer-Nash Energy Systems as the all-electric Morgan EV3 prepares for production in 2018. The EV3 extends Morgan’s truly unique offering. Industry leading, EV technology combines with a lightweight coach built body to offer an unparalleled mix of craftsmanship and technology. Inspired by 1930’s Aero-engine… Continue reading EV3 Project Update – December 2017

Dara Khosrowshahi on the Power of Shared Mobility

Dara Khosrowshahi on the Power of Shared Mobility Uber’s CEO says moving past private car ownership will benefit the economy and the environment ‘The goal of reducing private car ownership is one we share with cities across the globe,’ says Uber CEO Dara Khosrowshahi. PHOTO: STIAN RASMUSSEN By Dara Khosrowshahi, Chief Executive Officer For the first… Continue reading Dara Khosrowshahi on the Power of Shared Mobility

Wall Street sours on Hackett’s Ford

DETROIT — To hear Wall Street tell it, Ford Motor Co. is in dire straits. Ford shares last week fell under $11, lower than when Jim Hackett became CEO last May, despite big gains for the broader market in those eight months. Ford’s earnings outlook for the year dimmed in light of lower-than-expected 2017 results.… Continue reading Wall Street sours on Hackett’s Ford

Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus

Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus