GOTHENBURG, Sweden, May 22, 2023 /PRNewswire/ — Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, one of the world’s largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in… Continue reading Volvo receives record order for up to 1,000 electric trucks
Tag: Geely
Geely raises stake in Aston Martin to 17%
In this photo illustration, new logo of “Aston Martin” is displayed on a mobile phone screen in front of a computer screen displaying “Aston Martin” in Ankara, Turkiye on August 4, 2022. [Photo/VCG] HANGZHOU – Zhejiang Geely Holding Group on Thursday announced that it has increased its stake in British sports car maker Aston Martin… Continue reading Geely raises stake in Aston Martin to 17%
Here’s Why You Should Retain American Axle (AXL) Stock Now
American Axle & Manufacturing Holdings, Inc.’s AXL latest innovative driveline solution, efforts to diversify its business and collaborations with Inovance and REE Automotive bode well. However, high costs of raw materials, labor and utility could weigh on its near-term prospects. Let us discuss the factors that highlight the reasons behind retaining the stock for now.… Continue reading Here’s Why You Should Retain American Axle (AXL) Stock Now
Geely inks deal to become No. 3 shareholder in Aston Martin
SHANGHAI — Zhejiang Geely Holding Group increases its stake in Aston Martin Lagonda Global Holdings to about 17%, becoming the British luxury sports car maker’s third-largest shareholder, under an agreement announced Thursday. The deal has China’s largest privately owned automaker investing about 234 million pounds ($290 million) to receive both existing and new shares. Aston… Continue reading Geely inks deal to become No. 3 shareholder in Aston Martin
Volvo UK confirms switch to agency sales model from June
Volvo UK has confirmed it will switch to the ‘agency’ sales model – in which it will sell cars directly to buyers at fixed prices, rather than wholesale to dealers – from June. As previously reported by Autocar, the UK is the first market in which the brand will operate the sales model. Sweden is… Continue reading Volvo UK confirms switch to agency sales model from June
Copart’s (CPRT) Q3 Earnings and Revenues Beat Estimates
Copart, Inc. CPRT reported third-quarter fiscal 2023 (ended Apr 30, 2023) adjusted earnings per share of 72 cents, beating the Zacks Consensus Estimate of 62 cents. The outperformance was due to higher-than-anticipated service revenues. The bottom line also increased 24.1% year over year. The online auto auction leader generated revenues of $1,021.8 million, beating the… Continue reading Copart’s (CPRT) Q3 Earnings and Revenues Beat Estimates
Aston Martin Lagonda: steering a course towards a Geely takeover
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Aston Martin Lagonda: steering a course towards a Geely takeover
Battery maker Zenergy unveils new plant in Changshu
Zenergy’s new battery plant starts operations in Changshu, Jiangsu province, on May 9, 2023. [Photo provided to chinadaily.com.cn] Chinese battery maker Zenergy’s new 25 GWh plant has started operations in Changshu, Jiangsu province, which is expected to help it better meet the growing demand in China, one of the world’s largest battery markets. Cao Fang,… Continue reading Battery maker Zenergy unveils new plant in Changshu
Aston Martin stock soars after $295m investment by China’s Geely
Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely, that will see the automotive firm become its third-largest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll’s Yew Tree, which is currently the Aston Martin’s largest stakeholder, at 335… Continue reading Aston Martin stock soars after $295m investment by China’s Geely
@AML: Substantial Investment in Aston Martin by Geely000440
18 May 2023 Aston Martin Lagonda Global Holdings plc Substantial Investment in Aston Martin by Geely Holding subsidary entity, Geely International (Hong Kong) Limited (“Geely”) and New Relationship Agreement Aston Martin Lagonda Global Holdings plc (“Aston Martin”, “Aston Martin Lagonda” or the “Company”) today announces a substantial investment from Geely Holding, China’s leading… Continue reading @AML: Substantial Investment in Aston Martin by Geely000440