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Automobile
Stellantis Partners with Zeta Energy to Develop Affordable Lithium-Sulfur EV Batteries by 2030
December 06, 2024 05:49 PM AEDT| By Team Kalkine MediaHighlights,New Partnership:,Stellantis collaborates with Zeta Energy to develop cost-efficient lithium-sulfur batteries, targeting production readiness by 2030.,Affordable Innovation:,The batteries use no nickel or cobalt, reducing production costs,...
Rivian Secures $6.6 Billion Conditional Loan from DOE for Georgia EV Plant
November 26, 2024 06:19 PM AEDT| By Team Kalkine MediaHighlights,$6.6 Billion Loan Agreement,: Rivian Automotive has received a,conditional loan commitment,of up to,$6.6 billion,from the U.S. Department of Energy’s ATVM Loan Program to build an electric vehicle manufacturing facility in Stanton Springs...
Ford Motor Company : A Stock with Strong Growth Potential
November 22, 2024 03:02 AM AEDT| By Team Kalkine MediaHeadlines,Ford Motor Shows Positive Price Movement,Stock Trading Below Peer Average,Future Outlook Reflects Strong Growth Potential,Ford Motor Company,(NYSE:F),has experienced a noteworthy increase in its stock price, reflecting a positive trend over...
Quest Partners and Other Investors Increase Stakes in Allison Transmission (ALSN)
November 19, 2024 11:24 PM AEDT| By Team Kalkine MediaHeadlines,Quest Partners LLC increases stake in Allison Transmission Holdings (ALSN),Institutional investors boost positions in Allison Transmission,Significant investments from top asset management firms,Allison Transmission Holdings, Inc.,(NYSE:ALS...
Advance Auto Parts Dividend Update: Key Highlights for Shareholders
November 18, 2024 05:43 AM AEDT| By Team Kalkine MediaHeadlines,Quarterly Dividend Maintained,: Advance Auto Parts will distribute a $0.25 dividend per share on January 24th.,Dividend Yield Insight,: Recent price shifts have increased the dividend yield to 2.7%, benefiting shareholders.,Future Dividend...
Winnebago Faces Legal Scrutiny Over RV Safety Concern
November 18, 2024 05:13 AM AEDT| By Team Kalkine MediaHeadlines,Winnebago Industries Faces Increased Scrutiny Amid Allegations,Investigation into Potential Product Issues and Safety Concerns,Winnebago Investors Advised on Legal Developments,Winnebago Industries (NYSE:WGO),is under legal scrutiny followi...
Why Is Volkswagen Deepening Its Partnership with Struggling Rivian?
November 13, 2024 10:15 PM AEDT| By Team Kalkine MediaHighlights:,Volkswagen has increased its planned financial support for Rivian, committing $5.8 billion.,This collaboration is expected to enhance technological advancements, reduce development costs, and expand electric vehicle production.,Rivian ant...
Lucid Motors Reports Strong Q3 Performance Ahead of Gravity SUV Launch
November 08, 2024 06:15 PM AEDT| By Team Kalkine MediaHighlights,Lucid Motors reported Q3 revenue of $200 million, beating expectations and showing significant growth from last year.,The company narrowed its loss, posting an adjusted loss per share of $0.28 and an improved EBITDA loss of $613.1 million....
Toyota Reports First Quarterly Profit Decline in Two Years Amid Slowing Sales and Rising Costs
November 06, 2024 05:05 PM AEDT| By Team Kalkine MediaHighlights,Toyota’s operating profit for the July-September quarter fell 20% to 1.2 trillion yen ($7.81 billion).,The automaker faces competition in China and higher labor costs in North America, impacting earnings.,Despite challenges, Toyota maintai...
Institutional Investors Boost Holdings in General Motors
November 04, 2024 05:20 AM AEDT| By Team Kalkine MediaHeadlines,Minneapolis Portfolio Management Group LLC adjusts stake in General Motors,Other institutional investors increase holdings in the auto giant,General Motors remains a key player in investment portfolios,Minneapolis Portfolio Management Group...
Cyngn Successfully Deploys Autonomous Tugger for Major Defense Contractor
November 01, 2024 10:21 PM AEDT| By Team Kalkine MediaHighlights,Successful Deployment,: Cyngn has deployed its autonomous DriveMod Tugger at a major defense contractor’s site, emphasizing its technology's relevance in rigorous industrial settings.,Economic Impact of Defense Sector,: The aerospace and d...
Ford Reports Mixed Q3 Earnings: Beats Revenue Estimates but Lowers Full-Year Forecast
October 29, 2024 06:36 PM AEDT| By Team Kalkine MediaHighlights,Ford surpassed revenue expectations with $46.2 billion in Q3 revenue, exceeding the $41.9 billion forecast by analysts.,The period saw lower net income of $900 million due to a $1 billion charge related to its electric vehicle (EV) busines...
Is Tesla Set to Meet Its Ambitious 2025 Goals?
October 29, 2024 04:41 AM AEDT| By Team Kalkine MediaHighlights,Goldman Sachs maintains a neutral view on Tesla.,Tesla’s profit margins exceed market expectations.,Long-term challenges anticipated for Tesla’s ambitious targets.,Goldman Sachs recently reaffirmed its neutral stance on Tesla Inc. despite...
How Is Cyngn Expanding Its Autonomous Technology Reach?
October 26, 2024 05:50 AM AEDT| By Team Kalkine MediaHighlights,Cyngn Inc. expands its dealer network with Kennedy Robotics AI.,Kennedy Robotics AI will offer Cyngn's autonomous DriveMod Tugger technology.,Cyngn aims to broaden its distribution and integration partnerships.,Cyngn Inc., a company in the...
What Contributed to Tesla’s Robust Q3 Performance?
October 25, 2024 09:13 AM AEDT| By Team Kalkine MediaHighlights,Tesla reports strong third-quarter earnings, surpassing expectations.,Automotive and energy divisions show revenue increases despite challenges.,Tesla’s Cybertruck ranks among top electric vehicles in the U.S.,Tesla Inc., a leader in the A...
What Do Tesla’s Q3 Results Reveal About Its Future Strategy?
October 24, 2024 08:25 AM AEDT| By Team Kalkine MediaHighlights,Tesla reports a boost in Q3 financial performance, highlighting revenue and operating income gains.,The company achieves record results in its Energy business, marking a significant milestone.,New vehicle models and AI advancements are pla...
Is Nikola Setting a New Sustainability Standard?
October 22, 2024 08:22 AM AEDT| By Team Kalkine MediaHighlights,Nikola releases its first sustainability report, showcasing environmental and social initiatives.,The report emphasizes zero-emission vehicle sales and sustainable manufacturing practices.,Achievements include the recycling of lithium-ion...
Regal Rexnord Corporation: Evaluating its Discounted Valuation
October 21, 2024 11:32 AM AEDT| By Team Kalkine MediaHeadlines,Regal Rexnord Corporation,(NYSE:RRX),could be trading at a significant discount compared to its estimated fair value.,The discounted cash flow (DCF) model is used to estimate the company's valuation based on projected future cash flows.,The...
Is Lucid’s Stock Dilution a Red Flag?
October 18, 2024 07:22 AM AEDT| By Team Kalkine MediaHighlights,Lucid Group announces a significant share offering, impacting its stock price.,Ayar Third Investment Company to maintain its majority stake with new share purchases.,Lucid’s Q3 operational losses exceed earlier expectations, adding pressur...
Can Tesla Balance Sales and Profit?
October 18, 2024 06:42 AM AEDT| By Team Kalkine MediaHighlights,Tesla's Q3 earnings report shows a rise in sales but a decline in earnings.,Vehicle deliveries fall short of expectations, despite a notable increase in China.,Promotional efforts impact margins as Tesla focuses on boosting sales.,Tesla In...
