Tag: Financial Results

India’s Ola looks to raise over $500m debt from US investors

Bengaluru-based ride hailing and electric vehicle maker Ola is looking to raise over $500 million in debt from US investors in a so-called Term Loan B (TLB) deal, joining technology peers Oyo and Byju’s that have previously tapped this market to raise debt, said two people aware of the development. Investment banks JP Morgan and… Continue reading India’s Ola looks to raise over $500m debt from US investors

@Groupe PSA: PR 2021 Guidance adjusted to reflect three main impacts002863

Faurecia adjusts its 2021 guidance as follows: Sales of between €15bn and €15.5bn with confirmed strong organic sales outperformance of > +600bps (vs. “sales of c. €15.5bn and strong organic sales outperformance > +600bps” in the previous guidance released on September 23). Operating margin of c. 5.5% of sales (vs. “operating margin between 6.0% to… Continue reading @Groupe PSA: PR 2021 Guidance adjusted to reflect three main impacts002863

ALYI Ramps Up E-Motorcycle Production To Reach $2M 2021 And $10M 2022 REV TGTS

Management will present the revenue target plans in more detail later this week, on Thursday, December 2nd. The presentation will include an overview of ALYI’s stretch revenue target of $50 million for 2022. For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com. Disclaimer/Safe Harbor: This news release contains forward-looking statements… Continue reading ALYI Ramps Up E-Motorcycle Production To Reach $2M 2021 And $10M 2022 REV TGTS

@BMW: Electrifying moments at BMW Welt: First customers take delivery of their fully-electric BMW i4 vehicles.001613

Munich. From the heart of the BMW brand – fully-electric on the road: The first BMW i4 vehicles were delivered at the BMW Welt last weekend. Bernhard Kuhnt, Senior Vice President BMW Group Market Germany, is delighted: “It is a very special moment for us when we hand over brand new models to customers for… Continue reading @BMW: Electrifying moments at BMW Welt: First customers take delivery of their fully-electric BMW i4 vehicles.001613

BorgWarner targets EV makers with Integrated Drive Module

With an ever-growing trend towards electric propulsion there is also an increasing demand for flexible electrification components that meet the requirements of different vehicle architectures. By permanently enhancing the portfolio through development of innovative technologies and acquisitions that contribute to the company’s expertise, BorgWarner has positioned itself to accelerate its growth in electrification products and… Continue reading BorgWarner targets EV makers with Integrated Drive Module

LG appoints new CEO to lead its beleaguered electronics division

LG has appointed a new CEO to lead its electronics business. Starting December 1st, current Chief Strategy Officer William Cho will take over for Bong-seok Kwon as the CEO of LG Electronics. Meanwhile, according to The Korea Herald, Kwon will head up LG’s main holding company. Cho has been with LG Electronics since 1987. Prior… Continue reading LG appoints new CEO to lead its beleaguered electronics division

@GM: GM Acquires 25 Percent Stake in Pure Watercraft to Accelerate All-Electric Boating

GM Acquires 25 Percent Stake in Pure Watercraft to Accelerate All-Electric Boating Agreement combines GM technology with Pure Watercraft propulsion systems to expand all-electric marine transportation 2021-11-22 DETROIT – General Motors (NYSE: GM) announced today it has acquired a 25 percent ownership stake in Pure Watercraft, a Seattle-based company that specializes in creating all-electric boating… Continue reading @GM: GM Acquires 25 Percent Stake in Pure Watercraft to Accelerate All-Electric Boating

@GM: Cadillac LYRIQ Luxury EV Crosses Crucial Development Milestone

Cadillac LYRIQ Luxury EV Crosses Crucial Development Milestone Engineers complete ‘80 percent’ validation drive ahead of Q1 2022 production start 2021-11-22 Cadillac engineers recently completed the “80 percent” validation drive for the 2023 Cadillac LYRIQ — a critical milestone in Cadillac’s first luxury EV’s development, marking a transition to the final stage prior to production.… Continue reading @GM: Cadillac LYRIQ Luxury EV Crosses Crucial Development Milestone

Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC

A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register FRANKFURT, Nov 26 (Reuters) – Volkswagen (VOWG_p.DE) is convinced that its 2.9 billion euro ($3.3 billion) offer for France’s Europcar (EUCAR.PA), made as part of… Continue reading Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC