Finance

Traton Shares Stall on Opening Day of Trading

June 28, 2019 at 1:35 PM

Shares in Volkswagen Group’s Traton commercial truck unit debuted on the Frankfurt exchange at their placement price of €27 ($30.71) today, closing at €26.49.

VW Sets Traton IPO Share Price at €27-€28

June 26, 2019 at 5:09 PM

Volkswagen AG’s Traton commercial truck unit will offer 10% of its equity in an initial public offering at a range of €27-€28 ($31-$32) per share.

Nissan Faces Likely Fine Over Ghosn Pay Reporting

June 26, 2019 at 2:56 PM

Japanese regulators are expected to fine Nissan Motor Co. as much as 4 billion yen ($37 million) for not reporting a like amount of compensation for former Chairman Carlos Ghosn.

Report: Velodyne Lidar Poised for IPO

June 24, 2019 at 9:43 AM

San Jose, Calif.-based Velodyne Lidar Inc. has hired bankers to evaluate a possible public stock offering as the company prepares to ramp up for mass production, Business Insider reports.

Daimler Issues Third Profit Warning as Diesel Woes Grow

June 24, 2019 at 12:57 AM

Daimler AG says its operating earnings this year won’t grow after all because of ballooning regulatory costs related to diesel emissions.

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.