BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading Ford to launch new basic SUV as part of China revival effort
Tag: Financial Results
UPDATE 1-Ford to launch new basic SUV as part of China revival effort
BEIJING (Reuters) – Ford Motor (F.N) said on Wednesday it will launch in China early next year a new “entry-level” sport utility vehicle developed jointly with a local partner, as the U.S. automaker attempts to revive its slumping business in the world’s biggest auto market. FILE PHOTO: A Ford logo is pictured at a car… Continue reading UPDATE 1-Ford to launch new basic SUV as part of China revival effort
Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
NEW YORK, Aug 7 (Reuters) – Elon Musk’s suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric car maker needs: a little debt relief. The 11 percent jump in Tesla’s stock price following Musk’s public musings on possibly buying the company from existing shareholders drove $2.3 billion… Continue reading Musk plan to privatize Tesla pushes $2.3 bln of debt above conversion price
Elon Musk’s tweet about going private costs Tesla short sellers $1.3 billion
Investors betting against Tesla lost about $1.3 billion after a tweet from CEO Elon Musk‘s verified account which mentioned taking the company private, according to estimates from financial technology firm S3 Partners.
Tesla shares surge 10% after Elon Musk shocks market with tweet about going private
But the plan Musk laid out did not mention anything about that funding, which would total about $71 billion if Musk plans to take Tesla private at $420 a share. Its current market value is $64 billion. A deal of that size would dwarf the previous largest leveraged buyout, TXU, which was valued at $32.11… Continue reading Tesla shares surge 10% after Elon Musk shocks market with
tweet about going private
Elon Musk explains why taking Tesla private is ‘the best path forward’
Earlier today, Tesla CEO Elon Musk tweeted about how he’s considering taking Tesla private. Now, Tesla has published an email Musk sent to employees today that describes his rationale. However, no decision has been made yet, Musk wrote in the email. Musk says it’s “the best path forward” because taking Tesla private would help minimize… Continue reading Elon Musk explains why taking Tesla private is ‘the best path forward’
First-half 2018: Further improvement in results
Major strategic advancesProposed disposal of the business environment Plastic Omnium, an innovative company employing more than 3,200 engineers in 24 R & D centers worldwide, dedicates 6.4% of revenue to Research & Development, supplemented by a further 1.5% on investment in technologies. Over the next two years, the Group will allocate 1.2 billion euros in… Continue reading First-half 2018: Further improvement in results
Proposed sale of the business environment
On July 19, 2018, Compagnie Plastic Omnium signed with the consortium made up of Latour Capital and Bpifrance (Public Investment Bank) for the sale of its subsidiary Plastic Omnium Environment BV. The closing of this operation is expected by the end of 2018. The Environment business – which is Plastic Omnium’s founding business – is… Continue reading Proposed sale of the business environment
VW makes billions in profit despite diesel affair
Wednesday, 08/01/2018 10:27 The Volkswagen Group makes record profits – despite losing billions in the diesel crisis. Sales increased in the first half of 2018 to 119.4 billion euros. In the same period of the previous year, it amounted to 115.3 billion euros. The profit increased compared to the same period last year by 2.1… Continue reading VW makes billions in profit despite diesel affair
Opel drives back production
D he acquired from the French PSA group carmaker Opel makes the ribbons run slower in some production plants. The reason is lower sales expectations for the Opel models in the coming months. At the main plant in Rüsselsheim, the number of cycles is expected to fall from 55 to 42 vehicles per hour after… Continue reading Opel drives back production