Bloomberg Banks Are Making It Harder for Hedge Funds to Leverage Their Bets After Archegos (Bloomberg) — The dust hadn’t yet settled on Archegos Capital Management’s implosion, when hedge funds started shifting their bets toward banks that avoided getting hurt, hoping to keep leveraging up just like before. Good luck with that.For weeks behind the… Continue reading Lear Corp (LEA) Q1 2021 Earnings Call Transcript
Tag: Strategy
@VW Group: Successful start to the new fiscal year for Volkswagen003022
Volkswagen has got off to a successful start in 2021 despite the global shortage of semiconductors and restrictions due to the coronavirus pandemic. Sales revenue in the first quarter grew by 5.4 percent to EUR 20 billion. Following the pandemic-related drop to EUR 481 million in the previous year, operating profit increased sharply to EUR… Continue reading @VW Group: Successful start to the new fiscal year for Volkswagen003022
Martinrea International Inc. Reports First-Quarter Results, Provides Long-Term Outlook, and Declares Dividend
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2021 and that it has… Continue reading Martinrea International Inc. Reports First-Quarter Results, Provides Long-Term Outlook, and Declares Dividend
Aptiv PLC (APTV) Q1 2021 Earnings Call Transcript
Bloomberg Hedge Funds Make Biggest Short Bet on Junk Bonds Since 2008 (Bloomberg) — Hedge funds have accumulated the biggest short position on junk bonds since 2008 in another sign that investors are lining up to bet against frothy debt markets.About $55 billion of global high-yield bonds has been sold short, according to data from… Continue reading Aptiv PLC (APTV) Q1 2021 Earnings Call Transcript
Adient plc (ADNT) Q2 2021 Earnings Call Transcript
Bloomberg Hedge Funds Make Biggest Short Bet on Junk Bonds Since 2008 (Bloomberg) — Hedge funds have accumulated the biggest short position on junk bonds since 2008 in another sign that investors are lining up to bet against frothy debt markets.About $55 billion of global high-yield bonds has been sold short, according to data from… Continue reading Adient plc (ADNT) Q2 2021 Earnings Call Transcript
Hanon Systems Strengthens Automotive Condenser Portfolio
SEOUL, South Korea, May 7, 2021 /PRNewswire/ — Global automotive supplier Hanon Systems (KS: 018880) today announced it has completed the acquisition of condenser business from Keihin Corporation for certain operations in Europe and North America. “This strategic acquisition expands our ability to supply automakers with condenser technology and further diversifies the customer base of… Continue reading Hanon Systems Strengthens Automotive Condenser Portfolio
EnergyX Raises $20 Million in Funding Commitments to Become a World Leader in Direct Lithium Extraction Technology
AUSTIN, Texas, May 7, 2021 /PRNewswire/ — Energy Exploration Technologies Inc. (EnergyX) is very proud to announce that early this year it secured commitments of $20 million in financing, ensuring the company as a world leader in direct lithium extraction (DLE) technology. Based in the United States, EnergyX is a technology company that is focused… Continue reading EnergyX Raises $20 Million in Funding Commitments to Become a World Leader in Direct Lithium Extraction Technology
Lear Reports First Quarter 2021 Results
SOUTHFIELD, Mich., May 7, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2021. First Quarter 2021 Highlights Sales increased 20% to $5.4 billion, compared to $4.5 billion in the first quarter of 2020 Sales growth continued to outpace the market… Continue reading Lear Reports First Quarter 2021 Results
@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2021001108
Ladies and Gentlemen, Good morning! The BMW Group made a good start to the financial year 2021. Our operating result in the first quarter was at a very high level and we exceeded market expectations. We achieved all of this despite growing headwinds from rising raw material prices and in a market environment that remains… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2021001108
@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 31 March 2021001107
Good morning, Ladies and Gentlemen. The BMW Group is a global company. We leveraged this strategic strength both during the financial year 2020 and in the first quarter of 2021. When the market situation is difficult in individual regions of the world, the other markets carry us through. Since the start of the pandemic, we… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 31 March 2021001107