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Summary Arrival has reorganized its business in a shift to cut costs and start production as its liquidity dries up. Arrival announced $513M in cash plus a $300M ATM equity program in August, but by the end of Q3, Arrival backed away from the ATM and reported $330M in cash. Th...
Volkswagen AG (VWAGY) Q3 2022 Results Conference Call October 28, 2022 03:00 AM ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head of Treasury and Investor Relations Oliver Blume - Chief Executive Office Arno An...
Volkswagen ( OTCPK:VWAGY ) lamented continued impacts from geopolitical turmoil and supply bottlenecks during its third quarter earnings release. For the third quarter, the company notched GAAP EPS of €3.90 alongside €70.71B in sales. The German automaker s...
Volkswagen press release ( OTCPK:VWAGY ): Q3 GAAP EPS of €3.90. Revenue of €70.71B (+24.2% Y/Y). Vehicles sales 2,236K. Production 2,237K. Outlook: "We expect the sales revenue of the Volkswagen Group in 2022 to be 8% to 13% higher than ...
Summary A recent share price plunge shows that the market doesn’t take Mullen seriously. Only retail investors do. My team and I decided to take a deep dive into Mullen’s business model and its plans for solid-state batteries. Although solid-state batteries can b...
Summary XPeng investors have endured one of the most torrid periods in 2022, as XPEV lost more than 75% of its value since our caution in June. XPeng has also been caught in the broad market de-rating in Chinese equities, as investors reacted negatively to Chinese President Xi Jin...
Summary 3Q22 delivery miss implies inflationary environment and supply chain disruptions are affecting Tesla, which could lead to future guidance and estimate cuts due to future misses. Tesla looks set to continue to lose market share as global automakers and electric vehicle star...
Summary Umicore announces a new JV with Volkswagen's battery unit PowerCo. The economics are attractive, highlighting Umicore's growing leadership in the EV materials space. Yet, the company is at the start of a major capex cycle and a potential cyclical downturn as well. ...
Volkswagen ( OTCPK:VWAGY ) notched a double-digit gain in deliveries from the prior year, led by electric vehicle sales in China, according to an update offered by the company on Friday. The German automaker said third quarter deliveries rose 10.6% from the prior year qu...
Volkswagen ( OTCPK:VWAGY ) announced a majority stake in a new joint venture alongside Chinese tech firm Horizon Robotics on Thursday. Via its software unit Cariad, the German automaker said that it will invest €2.4B to take a 60% stake in the venture to ...
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2024-07-25 04:53:00 ET While share prices of Rivian (NASDAQ: RIVN) remain down on the year, a spate of good news has helped the stock solidly rally off its lows. The stock is still down over 25% on the year, but its price has now more than doubled from its recent lows. With Rivi...