Tag: Financial Results

@Tata-JLR: STRONG END TO FISCAL 2020/21 WITH SIGNIFICANT Q4 PROFIT AND POSITIVE FREE CASH FLOW

About Jaguar Land Rover: Reimagining the future of modern luxury by design  Jaguar Land Rover is reimagining the future of modern luxury by design through its two distinct, British brands. Our current model range embraces fully electric, plug-in hybrid and mild-hybrid vehicles, as well as the latest diesel and petrol engines. Our class-leading Jaguars and… Continue reading @Tata-JLR: STRONG END TO FISCAL 2020/21 WITH SIGNIFICANT Q4 PROFIT AND POSITIVE FREE CASH FLOW

Canoo is being investigated by the SEC

Canoo, the Los Angeles-based electric vehicle startup that debuted on the Nasdaq public exchange earlier this year, is being investigated by the U.S. Securities and Exchange Commission, just months after its merger with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation is broad, covering the Hennessy’s initial public offering and merger with Canoo,… Continue reading Canoo is being investigated by the SEC

EV startup Canoo under SEC investigation

The Securities and Exchange Commission has opened an investigation into newly public electric vehicle startup Canoo, CEO Tony Aquila shared on a conference call on Monday. The probe is broad, though the startup said in a regulatory filing that the SEC has characterized it as a “fact-finding inquiry,” and that the agency has not yet… Continue reading EV startup Canoo under SEC investigation

Chip woes: Ford cuts F-150 production again

Detroit — Ford Motor Co. is bringing its three-shift Dearborn Truck Plant, where America’s best-selling vehicle, the F-150, is built down to one shift the week of May 24, the automaker confirmed Monday. Production of Ford’s profit-fueling vehicle is also down this week and next at the Kansas City Assembly Plant, the automaker previously said. Automakers… Continue reading Chip woes: Ford cuts F-150 production again

SK Hynix looks to initiate talks to buy Korean chip contract manufacturer Key Foundry …

SK Hynix Inc, the world’s second-largest memory chip maker, has requestd talks to acquire South Korea-based Key Foundry, a chip contract manufacturer, a South Korean newspaper reported on Monday. SK Hynix has expressed intention to negotiate for the full acquisition of the 8-inch wafer foundry, Korea Economic Daily reported on Monday citing unnamed sources in the tech and investment… Continue reading SK Hynix looks to initiate talks to buy Korean chip contract manufacturer Key Foundry …

AI-powered Jerry raises $28M to help you save money on car insurance

When Art Agrawal was growing up in India, a car ride was a rare treat, and car ownership was a dream. When he moved to the U.S. and bought his first car, he was shocked by how much it cost and how difficult it was to maintain a car. In 2012, he co-founded a company… Continue reading AI-powered Jerry raises $28M to help you save money on car insurance

‘Aston Martin CEO Tobias Moers doesn’t have to be popular, he has to deliver’

Eight months into the job, Aston Martin’s new CEO Tobias Moers opened the doors to his firm’s Gaydon HQ last week and gave us an opportunity to find out more on his vision for this great British brand. His Project Horizon plan is wide-reaching, although the surprises are as much about what he’s not doing… Continue reading ‘Aston Martin CEO Tobias Moers doesn’t have to be popular, he has to deliver’

Next-generation Range Rover Sport to get racy new look

Land Rover is preparing a brand-new version of one of its best-selling models – the Range Rover Sport. The Sport outsells the full-size Range Rover by almost two-to-one, and in the group’s most recent financial results it was the joint-second best-selling Jaguar Land Rover model, behind only the Evoque. And that’s despite the current car… Continue reading Next-generation Range Rover Sport to get racy new look

Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)

Uber and Lyft reported strong results in their most recent earnings, but their stocks continue to slide. Investors say they’re worried about driver shortages and potential regulation, among other issues. Analysts say it will take some time for the companies to overcome headwinds.  See more stories on Insider’s business page. Uber and Lyft both made… Continue reading Uber and Lyft investors predict bumpy roads ahead for the ride-hailing giants (UBER, LYFT)