Tag: Financial Results

@niche: Nikola Refutes Allegations000081

Published September 11, 2020 PHOENIX, AZ — September 11, 2020 — Nikola Corporation (NASDAQ: NKLA) issued the following statement in response to claims made about the Company by an activist short-seller: “Yesterday, an activist short-seller whose motivation is to manipulate the market and profit from a manufactured decline in our stock price published a so-called… Continue reading @niche: Nikola Refutes Allegations000081

Mahindra & Mahindra terminates share purchase pact with CLP India

As per the agreement CLP was to buy 93,15,000 equity shares of Rs 10 each of NSPL at a price of Rs 112.37 per share aggregating to Rs 104.67 crore. NEW DELHI: Mahindra & Mahindra on Friday said it has terminated share purchase agreement with CLP India to sell the entire stake held by its… Continue reading Mahindra & Mahindra terminates share purchase pact with CLP India

Nissan to issue $8bn in US-dollar corporate bonds

TOKYO — Nissan Motor will issue $8 billion in U.S. dollar-denominated corporate bonds to offset expected sluggish sales due to the pandemic, hoping to shore up cash reserves to help weather the crisis. Nissan issued domestic corporate bonds in July for the first time in four years. Due to the company’s low rating, the amount… Continue reading Nissan to issue $8bn in US-dollar corporate bonds

ALYI Announces LOI For New EV Fleet Order – Revenue Outlook Anticipated To Increase To $500 Million

DALLAS, Sept. 11, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) has entered into a letter of intent (LOI) agreement with a new potential customer for ReVolt Electric Motorcycles. The actual order is expected to be complete by the end of September and it could double the company’s current production outlook.   ALYI currently has already… Continue reading ALYI Announces LOI For New EV Fleet Order – Revenue Outlook Anticipated To Increase To $500 Million

Exclusive: Vingroup weighs selling school, health units, sources say, as Vietnam’s biggest firm refocuses

By Phuong Nguyen, James Pearson 5 Min Read HANOI (Reuters) – Vietnam’s Vingroup VIC.HM is considering selling controlling stakes in its medical and education units, two sources with direct knowledge said, although the company said it had made no such plans. FILE PHOTO: Laborers work at an assembly line to produce ventilators amid the spread… Continue reading Exclusive: Vingroup weighs selling school, health units, sources say, as Vietnam’s biggest firm refocuses

Nikola Refutes Allegations

PHOENIX, Sept. 11, 2020 /PRNewswire/ — Nikola Corporation (NASDAQ: NKLA) issued the following statement in response to claims made about the Company by an activist short-seller: “Yesterday, an activist short-seller whose motivation is to manipulate the market and profit from a manufactured decline in our stock price published a so-called “report” replete with misleading information… Continue reading Nikola Refutes Allegations

McLaren considers sale of global headquarters to raise cash

Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. The U.K. company has also appointed banks to advise on a debt restructuring and equity raise to buttress its balance sheet, it said in a statement Thursday. The company has… Continue reading McLaren considers sale of global headquarters to raise cash

@VW Group: TRATON increases offer for common shares of Navistar to USD 43.00

Today TRATON SE (“TRATON”), one of the world’s largest commercial vehicle manufacturers, increased its offer for all outstanding shares of common stock of Navistar International Corporation (“Navistar”) (NYSE: NAV) not already owned by TRATON to USD 43.00 per share in cash. The increased offer represents a 23% increase from the USD 35.00 per Navistar share… Continue reading @VW Group: TRATON increases offer for common shares of Navistar to USD 43.00

@Toyota: Shell, Toyota and Honda Plan Expansion of Hydrogen Refueling Network in California

About Shell Hydrogen Shell Hydrogen is helping to build the infrastructure needed for hydrogen to grow as a transport fuel. For example, we are part of joint ventures and alliances that have built hydrogen filling stations for passenger cars in the USA (California), Canada, Germany and the UK and announced plans to build several stations… Continue reading @Toyota: Shell, Toyota and Honda Plan Expansion of Hydrogen Refueling Network in California