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- Wall St ends mixed as tech megacap declines outweigh upbeat chip outlook
- Micron posts record profit as AI memory demand fuels explosive growth
- Brent settles at lowest since before start of Iran war as more tankers exit Hormuz
- IBM surges on unveiling sub-1nm chip technology breakthrough
- 'Long-term deals significant positive for stock:' Analysts react to Micron results
- Two major earthquakes strike Venezuela, killing at least 32 and injuring hundreds
- Needham Starts NeoVolta (NEOV) at Buy
- Rockstar Games opens GTA VI pre-orders, priced at $79.99
- Rubio meets Gulf leaders, pledges security amid Iran deal doubts
- Hertz cuts guidance, announces notes and stock offerings, shares sink
Mercedes-Benz Vans to invest $1b to build EV plant in Poland
December 12, 2022 12:03 PM ESTGerman automaker, Mercedes Benz announced on Monday that they will invest more than 1 billion euros ($1.05 billion) in the companys electric van division to build its first electric-only vans plant in Jawor, Poland. The plan is currently pending approval of conditions such as the sign-off of subsidies for its... More
Truist Securities on Rivian Automotive Inc (RIVN): 'we believe Rivian needs to remain focused on ramping U.S. consumer'
December 12, 2022 9:48 AM ESTTruist Securities analyst Jordan Levy reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN)
The analyst comments "Following news from Mercedes (MBGGY - NR) of a new plant in Jawor, Poland, Rivian announced this morning a pause to its MOU with Mercedes for a commercial EV... More
RBC Capital Comments on Rivian Automotive Inc (RIVN) Plan to Pause Mercedes Deal
December 12, 2022 8:27 AM ESTRBC Capital analyst Joseph Spak reiterated an Outperform rating and $50.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "This morning Rivian announced they are pausing their plans to produce an electric commercial van in Europe and will no longer pursue the MoU with... More
Rivian (RIVN) trades down in pre-market after halting plans for EV van production with Mercedes
December 12, 2022 7:19 AM ESTAmerican electric vehicle company Rivian Automotive (NASDAQ: RIVN) is down 3.59% in pre-market trading Monday after the company announced a pause in plans to produce its electric commercial vans in Europe and will therefore no longer pursue the Memorandum of Understanding with Mercedes-Benz that was signed earlier this year.
Weve decided to pause discussions with Mercedes-Benz Vans regarding the... More
