Aptiv And Hyundai Motor Complete Ownership Restructuring Transactions Of Motional AD
RTTNews
|
16 days ago
(RTTNews) - Technology company Aptiv plc (APTV) announced Thursday that Aptiv and Hyundai Motor Group have completed the previously announced ownership restructuring transactions of Motional AD LLC.
As part of the ownership restructuring, Aptiv sold an 11 percent common equity interest in Motional to Hyundai for approximately $448 million of cash consideration.
Aptiv also exchanged approximately 21 percent of its common equity in Motional for a like number of Motional preferred shares.
In addition to Hyundai's funding of Motional earlier this month, these transactions resulted in the reduction of Aptiv's common equity interest in Motional to 15 percent from 50 percent.
read more
Aptiv Boosts FY24 Adj. EPS Outlook - Updates
While reporting financial results for the first quarter on Thursday, technology company Aptiv PLC (APTV) raised its adjusted earnings guidance for the full-year 2024, while slashing annual net sales outlook.
RTTNews
|
30 days ago
TSX Ends On Strong Note
The Canadian market ended on a strong note on Friday thanks to some brisk buying at several counters in late afternoon trades. Optimism about interest rate cuts by the Bank of Canada and the Federal Reserve helped underpin sentiment.
RTTNews
|
1 day ago
Dollar Sheds Ground Against Major Counterparts
The U.S. dollar turned in a weak performance against its major rivals on Friday on bets the Federal Reserve will likely cut interest rate in September after a reading of the nation's consumer price inflation came in line with estimates.
RTTNews
|
1 day ago
Swiss Market Ends On Buoyant Note
The Switzerland market ended on a strong note on Friday as stocks kept moving higher and higher during the day's session thanks to sustained buying support amid bets several central banks will start cutting interest rates soon.
RTTNews
|
1 day ago
European Stocks Close Higher After Choppy Session
European stocks closed higher on Friday with investors digesting eurozone inflation data, and a report on U.S. personal income & spending, and looking ahead to the European Central Bank's monetary policy announcement next week.
RTTNews
|
1 day ago
U.S. Dollar Declines As PCE Data Cements Rate Cut Bets
The U.S. dollar moved down against its major counterparts in the New York session on Friday, as the nation's consumer prices increased in line with economist estimates in April, raising the possibility of a rate cut from the Federal Reserve in September.
RTTNews
|
1 day ago
Canadian Market Modestly Lower; Bank Stocks Lose Ground On Earnings
Despite optimism about an interest rate cut by the Bank of Canada in June, the Canadian market remains weak a little past noon on Friday as data showing a less than expected growth of the nation's GDP weigh on sentiment.
RTTNews
|
1 day ago
Tesla Recalls Over 125K Vehicles For Seat Belt Warning Issue
Tesla Inc. (TSLA) is recalling 125,227 cars in the U.S. due to a software and sensor issue that prevents the seat belt warning system from activating, which may potentially increase the risk of injury in a collision, according to a statement by the National Highway Traffic Safety Administration (NHTSA) on Friday.
RTTNews
|
1 day ago