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X @Bloomberg
Bloomberg· 2025-10-15 13:22
TrueCar agreed to be taken private in an all-cash deal valued at about $227 million, shaking up the online vehicle marketplace at a volatile time for the automotive industry https://t.co/j98hJ9lUR5 ...
Stellantis CEO Antonio Filosa on $13B U.S. investment: Largest single investment in company history
CNBC Television· 2025-10-15 12:41
Stalan is unveiling a$1 13 billion investment in US manufacturing right here in this country. Philau joins us with a very special guest to discuss this big news. Phil Andrew, thank you very much.Antonio Felosa, we're at the end of the line here in Toledo for the Wrangler Rubicon coming off. Let's talk about the $13 billion investment. Uh 5,000 new jobs, five new products, increasing your production by 50% in the United States.How urgent is the need to kickstart sales here in the US. Oh, very well. And thank ...
X @Bloomberg
Bloomberg· 2025-10-14 21:28
Stellantis will invest $13 billion in the US over the next four years as it seeks to reinvigorate its business in the market and curb the impact of tariffs https://t.co/8PdMRSPQ7a ...
X @Bloomberg
Bloomberg· 2025-10-14 21:04
En Toyota, ciudad símbolo del milagro industrial japonés, los inmigrantes son esenciales pero enfrentan rechazo. El auge del nacionalismo amenaza el frágil equilibrio entre necesidad y xenofobia. https://t.co/zjdhUvLgiU ...
Beyond Gold and Silver: Unlocking New Trading Opportunities with Platinum and Palladium Futures
Yahoo Finance· 2025-10-14 15:54
Core Insights - Gold and silver traders must consider monetary policy, inflation data, and safe-haven demand while exploring the broader precious metals market, including platinum and palladium, which offer unique investment narratives [1][2] Group 1: Platinum Insights - Current platinum pricing presents an anomaly compared to historical ranges, with a ratio of 2.5x to gold, indicating a potential long-term value opportunity [3][4] - Over 60% of platinum's demand is driven by industrial applications, particularly in the automotive sector, which accounts for half of that demand [5] - The shift towards increased use of platinum in gasoline engine catalysts due to high palladium prices is creating a structural demand change for platinum [5] - Platinum's role in the hydrogen economy, particularly in green hydrogen production and fuel cells, positions it as a key player in the transition to decarbonization and green energy [5] - Supply concentration in South Africa, where around 70% of the world's platinum is mined, poses significant risks, as operational disruptions can lead to immediate price impacts [5] Group 2: Palladium Insights - The ongoing high prices of palladium have prompted automotive manufacturers to substitute it with platinum, indicating a potential long-term demand shift [5]
Wallbox Brings Bidirectional EV Chargers to U.S. Homes, Unlocking Energy Independence for Drivers
Businesswire· 2025-10-14 11:50
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging and energy management solutions, today announced the successful completion of the first U.S. residential installations of its Quasar 2 bidirectional charger. American households can power their homes directly from their Kia EV9, turning the car in the driveway into a reliable and sustainable source of energy. Six Quasar 2 units were deployed in Menifee, California, through a collaboration with Kia Am ...
GM to take $1.6 billion charge related to EV pullback
CNBC Television· 2025-10-14 11:10
And we have some breaking news from GM. Our man Phil is going to try and fix it uh for us on the squawk news line for details. What do you got, Phil.Hey Joe, we have General Motors taking charges totaling $1.6% billion for the third quarter related to reduction in what they expect to be EV capacity as well as unwinding some EV product related uh contracts. So as a result, they going to take 1.2% 2 billion in one charge as an adjustment to EV capacity, another 400 million in contract cancellations. So, as yo ...
Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks
Reuters· 2025-10-14 10:08
The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market — prompting investors to take a closer look at risky debt. ...
Aptera Motors Executes $75 Million Equity Line of Credit Facility with affiliates of New Circle Capital
Globenewswire· 2025-10-14 10:00
CARLSBAD, Calif., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (“Aptera”), the solar mobility company focused on developing highly efficient vehicles, today announced it has entered into share purchase agreement providing for up to $75 million of committed equity financing (the “ELOC”) with New Circle Principal Investments LLC, an affiliate of leading growth-focused investor New Circle Capital. Aptera will have the right, but not the obligation, to issue and sell, from time to time, up to $75 milli ...
X @Tesla Owners Silicon Valley
RT Tesla Owners Silicon Valley (@teslaownersSV)When @elonmusk shows up to a StarshipLaunch livestream https://t.co/4M5miNqSbD ...