March 9, 2022 10:15 am
The China Passenger Car Association said earlier this week Tesla Inc (TSLA) had sold 56,515 China-produced vehicles in February. That followed 59,845 China-made vehicles sold in January. Tesla is manufacturing Model 3 sedans and Model Y Sport-utility vehicles at its Shanghai facility. The CPCA said China-based passenger car sales totaled 1.27 million units in February, […]
Read moreMarch 9, 2022 8:11 am
Boeing Co (BA) said earlier this week it had halted titanium purchases from Russia. “Boeing has a significant stock of titanium, in particular thanks to Boeing’s initiative for the creation of a pool of suppliers around the world that has been underway for several years. Boeing has currently suspended titanium purchases from Russia. Titanium stocks […]
Read moreMarch 8, 2022 7:05 am
Visa (V) and Mastercard (MA) said in separate statements that they had suspended operations in Russia due to Moscow’s decision to invade Ukraine. Visa said that, effective immediately, it would work with its clients and partners within Russia to discontinue all transactions over the upcoming days. Meanwhile, Mastercard’s decision follows the company’s recent action to […]
Read moreMarch 7, 2022 7:52 am
Sony Corp (6758) and Honda Motor Co Ltd. (7267) announced last week they had formed a partnership with the aim to develop and sell battery-powered electric vehicles. In a statement, the two Japanese companies said they would establish a joint venture later in 2022 with the intention to start selling the first EV model in […]
Read moreMarch 4, 2022 8:05 am
MarketAxess Holdings Inc (MKTX), the operator of a leading electronic trading platform for fixed-income securities and the provider of market data and post-trade services for the global fixed-income markets, reported on Thursday a 17% year-on-year increase in its February trading volume to $716.8 billion. That result was driven by a 29% year-on-year surge in rates […]
Read moreMarch 2, 2022 10:24 am
Volkswagen AG (VOWG) warned on Tuesday that production cuts were very likely at some of its plants, including the one it has in Wolfsburg, since deliveries from its suppliers in Ukraine have been obstructed following Russia’s military assault. As a result, Volkswagen will probably not be able to produce at its Wolfsburg facility during the […]
Read moreMarch 2, 2022 8:24 am
Citigroup Inc (C) said earlier this week its total exposure to Russian assets equaled $5.4 billion at the end of December. That compares with $5.5 billion at the end of September. According to Citi’s regulatory filing, the $5.4 billion exposure is 0.3% of the group’s assets in 2021. As of December 31st, the financial group’s […]
Read moreFebruary 28, 2022 11:58 am
Panasonic Corp (6752) announced on Monday that it would initiate mass production of a new lithium-ion battery for Tesla Inc prior to the end of March 2024. The 46 millimeters wide and 80 millimeters tall battery, which is nearly five times larger than those currently used by Tesla, was unveiled last October. This way the […]
Read moreFebruary 25, 2022 11:50 am
UniCredit SpA’s (CRDI) Russian arm has a “very liquid and self-funded” balance sheet, while its impaired loan coverage is very high, the financial group said on Thursday, as its stock plummeted more than 13% due to the Ukraine crisis. Italy’s second-largest lender said in an emailed note that provisions against possible losses covered 84% of […]
Read moreFebruary 24, 2022 10:20 am
5G wireless operations have the potential to affect radio altimeters in most Boeing 737 aircraft and also affect crew workload and jet landings, according to a government notice posted online on Wednesday. The notice stated that the aircraft’s “radio altimeters cannot be relied upon to perform their intended function if they experience interference from wireless […]
Read more