Finance

VW Targets €1.9 Billion in Traton Truck IPO

June 14, 2019 at 3:02 AM

Volkswagen AG says it hopes to raise nearly €1.9 billion ($2.1 billion) by selling 10% of its Traton AG commercial truck unit in an initial public offering that begins on Monday.

Musk Predicts “Record Quarter on Every Level” for Tesla

June 12, 2019 at 12:30 AM

CEO Elon Musk told Tesla’s shareholder meeting late yesterday that the company has a “decent shot” to deliver record second-quarter results “on every level” next month.

VW to List Traton Shares on Two Exchanges

June 04, 2019 at 2:49 AM

Volkswagen AG says it aims to list shares in its Traton AG commercial truck unit on exchanges in Frankfurt and Stockholm.

Uber Posts $1 Billion First-Quarter Loss

May 31, 2019 at 1:23 AM

Ride-hailing service Uber Technologies Inc. reports a net loss of $1 billion in January-March, its first quarter as a publicly traded company.

Nio Plant Venture Lands $1.5 Billion Investment

May 30, 2019 at 11:03 AM

Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.

Report: VW May Launch Traton Truck IPO Next Week

May 29, 2019 at 2:39 AM

Volkswagen AG could launch an initial public offering next week for a smaller-than-expected portion its Traton AG commercial truck unit.

Moody’s Downgrades Nissan’s Credit Rating

May 24, 2019 at 9:19 AM

Moody’s Investors Service has dropped its credit rating for Nissan Motor Co. by one notch to “A3” and given the company a negative outlook.

Tesla Stock Continue to Slide on Investor Worries

May 21, 2019 at 12:39 PM

Shares in Tesla Inc. have plunged 45% since mid-December, mainly because of investor concerns about the level of demand for its critically important Model 3 electric sedan.

JLR Posts $4.2 Billion Loss as Fiscal 4Q Profit Shrinks

May 20, 2019 at 3:21 PM

Jaguar Land Rover Ltd.’s net profit plunged 56% to £119 million in the final quarter of its fiscal year ended March 31.

S&P Downgrades Nissan Outlook to “Negative”

May 20, 2019 at 11:54 AM

S&P Global Ratings has revised its long-term outlook for Nissan Motor Co. to negative after predicting at least two more years of sliding profits for the carmaker.

FCA Moves Closer to Investment Grade Rating

May 17, 2019 at 12:24 AM

Moody’s Investors Service has joined S&P Global Ratings in elevating its credit rating for Fiat Chrysler Automobiles NV to one notch below investment grade.

Nissan Predicts Further Erosion as Profits Plunge

May 14, 2019 at 10:35 AM

Nissan Motor Co.’s profits plunged in the fiscal year ended March 31, and the company predicts another sharp decline this year.