HONG KONG — A unit of Hisense Group, a major home-electronics maker in China, has reached a deal to purchase a controlling stake in a Japanese auto parts company, pushing the subsidiary’s shares up 10% in mainland trading on Tuesday. Hisense Home Appliances Group, a subsidiary of Hisense Group, announced after the market closed on… Continue reading Investors cheer second Japanese takeover by China’s Hisense
Tag: Strategy
Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
The major highlight of the last week was the announcement of Cooper Tire’s CTB acquisition by Goodyear Tire GT. This transformational deal marks the collaboration of two of the biggest American tire companies. It will create a stronger and industry-leading U.S.-based tire manufacturer, having a more enhanced presence in distribution and retail channels. Awarding of… Continue reading Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
Dow Reverses, Tech Stocks Fall As Nio Dives On Earnings; Zoom Soars On Big Beat
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading Dow Reverses, Tech Stocks Fall As Nio Dives On Earnings; Zoom Soars On Big Beat
LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Automotive Wi-Fi 6E modules are near-field wireless communication components connecting in-vehicle infotainment (IVI) systems, which control driving information and multimedia content, to internal smart devices and external routers. With the next-generation Wi-Fi 6E (6th Generation Extended) technology using 6GHz bandwidth, the module boasts data transmission speeds approximately 3 times faster than the existing Wi-Fi 5.… Continue reading LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Composites One Acquires Process Materials Business from Solvay
Introducing Aerovac – Major Supplier/Manufacturer of Process Materials and Tooling SCHAUMBURG, Ill., March 2, 2021 /PRNewswire/ — Composites One, the leading North American supplier of composites materials and value added services, has completed its purchase of the Process Materials business from the Solvay Composites Materials Global Business. The acquisition is a unique opportunity for the company… Continue reading Composites One Acquires Process Materials Business from Solvay
Continental’s Hose and Line Business on Track for Low-Emission and Zero-Emission Mobility
Philip Nelles, Head of Mobile Fluid Systems: “Hoses and lines are absolutely essential factors in achieving emission-free and low-emission mobility.” Hose and line orders worth approx. €275 million placed by German, Asian and North American makers of electric and hybrid vehicles Zero-emission mobility: Sophisticated thermal management extends range of electric and hybrid vehicles Low-emission mobility:… Continue reading Continental’s Hose and Line Business on Track for Low-Emission and Zero-Emission Mobility
Modi’s infra push likely to double this highway builder’s revenue in 4-5 years
By Dhwani PandyaDilip Buildcon Ltd., one of the top highway builders in India, expects revenue to double in the next 4-5 years on an infrastructure push by Prime Minister Narendra Modi’s government, Rohan Suryavanshi, the company’s head of strategy & planning, said in an interview with Bloomberg TV. “We should be looking at 15%-20% growth… Continue reading Modi’s infra push likely to double this highway builder’s revenue in 4-5 years
Nio risks running low on power on Europe road trip
A quarter of the $1 billion raised in its 2018 listing was earmarked for marketing and showrooms, according to the prospectus. By Katrina Hamlin HONG KONG: Nio‘s pending European road trip could sap its batteries. Results released on Tuesday show the Chinese electric-car maker moving fast. But founder William Li’s plan to venture overseas means… Continue reading Nio risks running low on power on Europe road trip
Tata Motors delivers 100 Safaris in Delhi-NCR in a day
Tata Motors, which has received a strong market response to the recently launched new Safari, has delivered 100 units of its new flagship in the key Delhi-NCR region. The company says most of the customers have chosen the XZA+ trim with Royal Blue and Orcus White standing out as the colour of preference. Launched at… Continue reading Tata Motors delivers 100 Safaris in Delhi-NCR in a day