Hertz Announces Launch of Public Offering of Common Stock by Selling Stockholders and Repurchase of Common Stock

ESTERO, Fla., Nov. 3, 2021 /PRNewswire/ — Hertz Global Holdings, Inc. (OTCPK:HTZZ) (“Hertz” or the “Company”) announced today that it has launched a public offering of its common stock by certain stockholders of Hertz.  The selling stockholders are offering 37,100,000 shares of Hertz common stock, of which Hertz intends to repurchase from the underwriters shares having… Continue reading Hertz Announces Launch of Public Offering of Common Stock by Selling Stockholders and Repurchase of Common Stock

BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles

AUBURN HILLS, Mich., Nov. 3, 2021 /PRNewswire/ — BorgWarner will be providing a new, high-voltage silicon carbide (SiC) inverter to a large German automaker for implementation in its next-generation electric vehicles. The BorgWarner 800V SiC inverter with proprietary power switches provides a more compact and efficient power module, resulting in higher electric vehicle range and enhanced driving… Continue reading BorgWarner to Provide New Silicon Carbide Inverter for German OEM’s Electric Vehicles

@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2021001560

Good Morning, Ladies and Gentlemen. The BMW Group’s positive business development in the first nine months of the year confirms our strategic course. Throughout the semiconductor crisis, our employees have delivered outstanding performance, month after month. That is how we were able to raise our expected targets for the year again in September. All segments… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 30 September 2021001560

@BMW: BMW Group boosts performance with significantly higher earnings001558

Munich. The BMW Group continued to demonstrate its high level of profitability in the period from July to September 2021, with revenues, profit before tax and net profit all at record levels for a third quarter. The Group’s strong performance during this period was driven in particular by favourable product mix factors and positive pricing… Continue reading @BMW: BMW Group boosts performance with significantly higher earnings001558

Samsung SDI recorded all-time high quarterly earnings in the third quarter… “Demand for high-performance electric vehicle batteries increases”

Samsung SDI achieved an all-time record high in the third quarter due to demand for high-performance electric vehicle batteries. Samsung SDI announced on the 2nd that it recorded KRW 3.4398 trillion in sales and KRW 373.5 billion in operating profit in the third quarter.  Sales increased by 11.4% compared to the same period last year, and… Continue reading Samsung SDI recorded all-time high quarterly earnings in the third quarter… “Demand for high-performance electric vehicle batteries increases”

Autos & Transportation · 8:07 AM UTCBMW offsets lower deliveries with higher prices, EV salesHigher prices and strong electric vehicle sales helped Ge…

BMW logo is seen during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Q3 net profit 2.58 bln euros vs forecast 2.38 bln Q3 deliveries fell 12.2%, but revenues up 4.5% Q3 autos EBIT margin 7.8% BERLIN, Nov 3 (Reuters) – Higher prices and strong electric vehicle sales helped… Continue reading Autos & Transportation · 8:07 AM UTCBMW offsets lower deliveries with higher prices, EV salesHigher prices and strong electric vehicle sales helped Ge…

Minda Corp acquires Stoneridge Inc’s 49% share in electronics JV

In what is seen as a move to accelerate its engagement in the automotive electronics domain, Minda Corporation has acquired its joint venture partner Stoneridge Inc of the USA’s entire 49% stake in Minda Stoneridge Instruments. It will also expand its technical collaboration with Stoneridge Inc, which is a leading manufacturer of electronics instruments. Commenting on… Continue reading Minda Corp acquires Stoneridge Inc’s 49% share in electronics JV

@Daimler: Fact Sheet Q3 2021 XLSX (0.23 MB)

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New York hedge fund stands to make over $5bn on Avis Budget share surge

Receive free Avis Budget Group Inc updates We’ll send you a myFT Daily Digest email rounding up the latest Avis Budget Group Inc news every morning. A New York hedge fund stands to make billions of dollars on a sudden leap in the shares of Avis Budget, the once ailing rental car company that catapulted… Continue reading New York hedge fund stands to make over $5bn on Avis Budget share surge