June 9, 2023 9:38 am
Lucid Group Inc (LCID), backed by Saudi Arabia’s Public Investment Fund, said this week it was preparing an entry in China’s auto market. According to a report by Reuters, citing an unidentified source with knowledge of the matter, the luxury electric vehicle maker intends to sell imported cars in China and is also considering producing […]
Read moreJune 9, 2023 8:14 am
GXO Logistics Inc said on Thursday that it was initiating a multi-year plan to significantly expand its operations in Germany. In the initial phase, the company intends to invest in a new, 387,000 square foot, state-of-the-art warehouse in Dormagen – an essential logistics location in Dusseldorf. The Dormagen facility is expected to be a launchpad […]
Read moreJune 8, 2023 2:33 pm
Shares of buy-now-pay-later company Affirm Holdings rose on Wednesday after it announced a partnership with Amazon Pay. Affirm’s (AFRM) stock value soared more than 20% midday once the news broke out and later closed 2.40% higher at $16.20. The company’s stock performance helped moderate the loss in the Nasdaq Composite index, which declined by 1.29% […]
Read moreJune 8, 2023 9:51 am
Plug Power Inc (PLUG) said on Wednesday that it would supply Energy Vault Holdings Inc with 8 megawatts of hydrogen fuel cell stationary power to deliver clean energy to the city of Calistoga in California Wine Country during events such as wildfires or other emergencies. Usually, Energy Vault has rented mobile diesel generators to provide […]
Read moreJune 8, 2023 7:20 am
Light & Wonder Inc (LNW), a leader in casino gaming technology, said on Wednesday that it had teamed up with Shift4 to integrate the latter’s payment processing technology into Light & Wonder’s cashless table-top debit solution – AToM. Being a point-of-play PIN debit solution, AToM enables players to access their funds without the need to […]
Read moreJune 7, 2023 10:44 am
Dollar General Corporation (DG) said this week it had priced an offering of $500,000,000 of its Senior Notes due 2028 and $1,000,000,000 of its Senior Notes due 2033. The 2028 notes will pay interest at a rate of 5.200% per year and mature on July 5th 2028. The 2033 notes will pay interest at a […]
Read moreJune 7, 2023 9:02 am
Ford Motor Co (F) said on Tuesday that it would recall 125,000 sport utility vehicles and trucks, since engine failures may trigger a fire. According to the company, isolated engine manufacturing issues can cause the engine to fail prematurely and, in such a case, engine oil or fuel vapor may be released, which increases the […]
Read moreJune 6, 2023 8:06 am
Volvo Cars (VOLCARb), majority-owned by China’s Geely, on Monday reported a 31% year-on-year surge in its sales for May to 60,398 vehicles. Sales in Europe went up 40% YoY, those in China grew 49% YoY, while sales in the United States were up 14% YoY, the company said. As the auto maker has started to […]
Read moreJune 5, 2023 9:01 am
According to a report by Rheinische Post newspaper, consumer goods company Henkel intends to continue with its plan involving acquisitions despite rising interest rates. “We have a strong balance sheet, we intend to make further acquisitions,” Carsten Knobel, Henkel’s Chief Executive Officer, told the German media. “The return of rising interest rates rather benefits us […]
Read moreJune 5, 2023 8:10 am
Volkswagen AG said on Friday that it would begin selling battery-powered variants of its VW bus in North America from 2024 onwards after a two-decade hiatus. The fully electric ID. Buzz will also come in an extra-long variant equipped with a larger 85 kilowatt per hour battery and is meant to seat up to 7 […]
Read more