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Chinese EV maker NIO (NYSE: NIO ) begins trading on the New York Stock Exchange at $6.00 after pricing its IPO at $6.26 vs. the original range of $6.25 to $8.25. A block trade of 8.3M shares at the $6.00 pricing is already on the books. At last check, NIO was swapping hands at $5.79. Mor...
Automobile sales in China fell 3.8% to 2.1M in August, according to data from the China Association of Automobile Manufacturers. More news on: CHONG QING CHANGN AUTO B, Great Wall Motor Company, Ltd., Great Wall Motor Company, Ltd. ADR, Consumer stocks news, Global news and forex, Read...
The outlook for auto stocks is quite horrendous. Tariffs, top of the cycle fears, and diesel-gate concerns are just a few of the major headwinds facing auto manufacturers these days. Specifically for Daimler ( OTCPK:DDAIF ) (DMLRY), the company recently cut guidance for 2018, is experiencing...
Today's Top Stories: Sweden faces coalition talks; Ruble hits new lows and Moonves steps down amid new sexual misconduct allegations. Click play to listen in your browser. If you are interested in listening to Wall Street Breakfast to start your day, look for us in the following p...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on iTunes , Stitcher and SoundCloud (click the highlighted links). Sweden’s ruling center-left Social Democrats and Greens and their Left Party ally held 40.6% of the vote ea...
Is the door open for the luxury car business of Volkswagen ( OTCPK:VLKAY , OTCPK:VLKAF , OTCPK:VLKPY ) to be spun out in an IPO ? More news on: Volkswagen AG ADR, Volkswagen AG, Volkswagen AG ADR, Consumer stocks news, Global news and forex, Read more ...
Introduction The earnings season is pretty much over by now, and it’s time to have another look at the heavyweights in the Nest Egg Portfolio. Although Total ( TOT ) represents just 5% of the portfolio, it is an important contributor as its dividend has a major influence on ...
Volkswagen ( OTCPK:VLKAY , OTCPK:VLKAF , OTCPK:VLKPY ) goes to trial in Germany next week to defend itself in a class action lawsuit filed by investors. More news on: Volkswagen AG ADR, Volkswagen AG, Volkswagen AG ADR, Consumer stocks news, Read more ...
Volkswagen ( OTCPK:VLKAY , OTCPK:VLKAF , OTCPK:VLKPY ) plans to add an electric car factory in Shanghai, according to German publication Automobil-Produktion. More news on: Volkswagen AG ADR, Volkswagen AG, Volkswagen AG ADR, Consumer stocks news, Global news and forex, Read more ......
The story with BMW ( BMWYY ) and the overall German car industry with Porsche ( OTCPK:POAHF ), Audi ( OTCPK:AUDVF ), Daimler ( OTCPK:DDAIF ) and Volkswagen ( OTCPK:VLKAY ) remains dire. BMW and its peers are all trading at or close to 52-week lows as a toxic cocktail of risks keeps on dragging...