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Spotlight Automotive, the joint venture between BMW and Great Wall Motor, is recalling 70 electric Mini vehicles due to potential overheating risks from battery production issues. The recall affects 55 Mini Coopers and 15 Mini Acemans produced between June and September 2024. Affected vehicles will receive free replacement of defective battery modules to address safety concerns.
Foxconn is set to announce a partnership with a second Japanese automaker, following a recent agreement with Mitsubishi Motors to supply a new electric vehicle model. This move aligns with Foxconn's strategy to leverage its electronics manufacturing expertise in the growing EV market, aiming to embed its technology in 5% of global electric vehicles by 2025. The collaboration offers mutual benefits, enhancing manufacturing efficiency for Japanese automakers while providing Foxconn with automotive credibility and technical knowledge.
Emirates Flight Catering has announced a Dh60 million investment in 92 new electric catering trucks, enhancing operational efficiency at Dubai airport. The Volvo FL 250 4X2 Euro 6 trucks will feature advanced sensors and contribute to reduced emissions, marking a significant step in the modernization of airport operations in the region. CEO Shahreyar Nawabi emphasized the investment's role in meeting growing demand and strengthening partnerships with airlines.
Citigroup has upgraded Solaris Energy Infrastructure (NASDAQ:SEI) to a "strong-buy" rating with a target price of $32.00, indicating a potential upside of 26.10%. Other brokerages have also shown optimism, with eight analysts rating the stock as a buy and a consensus price target of $43.14. The stock opened at $25.38, with a market cap of $1.71 billion and a P/E ratio of 57.67. Recent insider purchases include 4,000 shares by Director Laurie H. Argo and 10,000 shares by CEO William A. Zartler, reflecting confidence in the company's prospects.
Barclays has reissued an "equal weight" rating for Visteon, lowering the price target from $110 to $82. Currently, the stock holds a consensus "Hold" rating with an average target price of $96.25, as nine analysts recommend holding and six suggest buying.In the fourth quarter, Deutsche Bank AG increased its stake in Visteon by 42.2%, while other institutional investors also raised their holdings. Visteon reported a quarterly EPS of $2.40, exceeding expectations, with revenue of $934 million, reflecting a slight year-over-year increase.
Barclays has raised its price target for Analog Devices (ADI) from $170 to $185 while maintaining an Equal Weight rating, following a strong earnings report. Despite robust growth in the industrial sector and a notable 24% year-over-year increase in automotive revenue, concerns linger about market shifts affecting various sectors. Analysts project an average target price of $241.43 for ADI, indicating a potential upside from its current price of $211.93.
US businesses are significantly concerned about the impact of President Trump's tariff policies, with over half anticipating a revenue decline of at least 25% in the next two years. In contrast, Chinese firms are more optimistic, with a quarter expecting a similar impact, while many foresee a 10% to 25% drop. HSBC's survey of over 5,700 international firms highlights a shift in supply chain strategies as companies adapt to geopolitical uncertainties.
US businesses are increasingly concerned about the impact of President Trump's tariff policies, with over half of companies anticipating a revenue decline of at least 25%. A quarter of those surveyed expect their revenues to more than halve in the next two years due to disruptions in their supply chains.
Deutsche Bank forecasts Xiaomi will deliver 100,000 YU7 SUVs and 280,000 SU7 sedans in 2025, with the YU7's official launch set for July. The company's electric vehicle unit aims for a total of 350,000 deliveries, facing current capacity bottlenecks. The second phase of its Beijing plant is under construction, expected to be completed by mid-June.
Barclays has initiated coverage of Foxconn with an "Overweight" rating, highlighting its strong position in AI server production and potential for growth beyond its Apple business. The firm projects a 15.5% revenue growth in 2025, driven by AI servers, which now represent 42% of its server revenue. With a competitive edge in high-end assembly and a 4% dividend yield, Foxconn is seen as undervalued, with price targets ranging from $7 to $17 based on market conditions.
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BMW recalls 70 electric Minis in China over battery overheating risk
12:06 30.05.2025
Foxconn to announce new electric vehicle partnership with Japanese automaker
03:40 30.05.2025
Emirates Flight Catering invests in electric trucks to enhance airport operations
16:25 29.05.2025
Millennium Management Acquires Significant Stake in Solaris Energy Infrastructure
Solaris Energy Infrastructure Inc.
Janney Montgomery Scott LLC
Northland Securities Inc.
Encompass Capital Advisors LLC
Tudor, Pickering, Holt & Co. Securities LLC
Millennium Management LLC
Westwood Holdings Group Inc.
Driehaus Capital Management LLC
USA
William A Zartler
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14:10 24.05.2025
Visteon Stock Rating Adjustments Amid Analyst Revisions and Institutional Investments
Dimensional Fund Advisors LP
DEUTSCHE BANK AG
Robert W. Baird & Co. Inc.
UBS GROUP B.V.
Norges Bank
Raymond James Financial Inc.
Visteon Corporation
USA
Show more
09:39 24.05.2025
Barclays Raises Price Target for Analog Devices Amid Mixed Sector Performance
11:45 23.05.2025
US Businesses Brace for Revenue Losses Due to Trump Tariffs
10:19 23.05.2025
US Businesses Brace for Revenue Losses from Trump Tariffs According to Survey
09:30 23.05.2025
Xiaomi Plans 100000 YU7 SUVs and 280000 SU7 Sedans for 2025
05:39 23.05.2025
Barclays Rates Foxconn Overweight on Strong AI Server Growth Potential
02:10 23.05.2025
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