A day after filing an amended 10-K that casts doubt on the electric-truck maker’s survival into 2022, the company said it has “multiple avenues to raise capital."
With short seller “investigative reports,” tightly spun narratives set public opinion that can crash a stock by the end of the day. Shouldn’t a company’s valuation be based on the performance of finished product and meeting production timelines? Asking for Lordstown Motors.
The former COO and CFO of the Celadon Group have been charged in a fraud scheme that resulted in a loss of more than $60 million in shareholder value.
The $450 million rights offering will allow Roadrunner Transportation to pay down debts and expenses and refocus the company after a tumultuous 2018.
Navistar International reported increased income and market shares in its year-end financial results with company president and CEO Troy Clarke calling 2018 "a breakout year for Navistar."
ZF Friedrichshafen AG has reported that in the first half of this year, its sales rose to 18.7 billion euros ($21.9 billion) and its adjusted operating profit (EBIT) amounted to approximately 1.1 billion euros ($1.3 billion).
Celadon Group announced that it has been notified by the New York Stock Exchange that it has failed to meet the exchange's listing standard, which could result in the company’s stock being delisted.
Celadon Group has announced changes in its top management and a new line of credit, noting that it expects to report a significant operational loss for the first quarter of the year.
Strong parts sales offset slumps in other areas, but softening of the North American truck market will make continued profits doubtful, the company said.
Hankook Tire recorded revenue of about $6.3 billion and an operating profit of $979 million for 2014, the company announced. The overall operating profit was on par with 2013 results.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
