Finance

VW Warns of Higher Costs to Develop EVs

September 12, 2018 at 10:20 AM

CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.

Solid-State Battery Developer Lands $20 Million in Funding

September 11, 2018 at 11:08 AM

Louisville, Colo.-based Solid Power, a startup developer of solid-state batteries for electrified vehicles, says it has closed a $20 million Series A investment round.

Sales by India’s Auto Parts Industry Jump 18%

September 11, 2018 at 12:00 AM

Revenue generated by India’s auto partsmakers climbed to $51 billion in the fiscal year ended March 31 from $43.1 billion in the previous 12-month period, according to the country’s Automotive Components Manufacturers Assn.

Sales by India’s Auto Parts Industry Jump 18%

September 11, 2018 at 12:00 AM

Revenue generated by India’s auto partsmakers climbed to $51 billion in the fiscal year ended March 31 from $43.1 billion in the previous 12-month period.

OESA Counsels Diligence about Sales

September 10, 2018 at 2:46 AM

The North American auto industry should remain diligent about potential “trip wires” to continued growth, says Mike Jackson, executive director of strategy and research for the Original Equipment Suppliers Assn.

Volvo IPO Delayed by Trade War Fears

September 10, 2018 at 2:08 AM

Volvo Car Corp. tells the Financial Times that it will delay a planned initial public offering until next year because of uncertainties about escalating U.S. trade fights with China and Europe.

Tesla’s Stock, Bond Price Sink

September 06, 2018 at 2:48 PM

Tesla Inc.’s stock price has skidded 7% to less than $281 in the past two days, and the company’s $1.8 billion junk bond dropped to a record low of 86 cents on the dollar.

Uber Affirms Timing for IPO

September 05, 2018 at 4:02 PM

Uber Technologies Inc. CEO Dara Khosrowshahi reiterates plans for an initial public offering next year and insists the company has no plan to sell its tech unit.

Report: Lyft Hires IPO Advisor

August 31, 2018 at 9:15 AM

Lyft Inc. has hired Class V Group to help plan for an initial public stock offering, sources tell Bloomberg News.

Moody’s Lowers Ford’s Credit Rating to One Step Above Junk

August 29, 2018 at 4:49 PM

Moody’s Investors Service has dropped its credit rating for Ford Motor Co. by one notch to Baa2, its lowest investment-grade.

Aston Martin Files for IPO

August 29, 2018 at 9:29 AM

Aston Martin Holdings Ltd. has filed documentation with the U.K.'s Financial Conduct Authority with the intent of tendering an initial public stock offering by year-end.

China’s Nio Launches $1.3 Billion IPO in U.S.

August 29, 2018 at 2:03 AM

Chinese electric-car startup Nio Ltd. has launched an initial public offering in the U.S. that could raise as much as $1.3 billion.