|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.07 - 14.16|
|52 Week Range||13.21 - 19.68|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||4.24|
|Forward Dividend & Yield||1.03 (7.34%)|
|1y Target Est||12.87|
Carlos Ghosn has sued Nissan and Mitsubishi Motors — two of the companies he used to run — striking back against charges he faces of financial malfeasance at a joint venture formed by the two companies. advisers said the ousted Nissan chairman was accusing the two Japanese carmakers of improperly terminating his contract as an employee of Nissan-Mitsubishi BV (NMBV) without providing any evidence of allegations made against him.
For those of us who love cars, it's easy to find out what the next generation will be like: Just check out the newest racecars. In the electric vehicle (EV) world, that means keeping your finger to the pulse of Formula E racing.In the automotive world, major racing hubs are like the Silicon Valley of cars. Tech startups have their "incubators," where companies like Airbnb and Dropbox (NASDAQ:DBX) were born. And car companies have the speedway.In one brand-new racing league, the Electric Production Car Series, all of the entrants are Tesla (NASDAQ:TSLA) Model S. This car is not just another electric vehicle (EV) -- it's one of the greatest technological achievements of our age, with the ability to go from 0 to 60 miles per hour in just 2.5 seconds. And with even more power (and less weight), it becomes a top-of-the-line racecar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: ElectricGTBut when it comes to racing electric vehicles, the big name is Formula E. These EVs are almost as fast as Formula One cars -- reaching 180 miles per hour on the straightaways -- but much quieter.If you've ever been to an auto race - or even heard obnoxiously loud cars on regular roads - you know how strange that is. When electric cars race, no one needs earplugs. And at everyday speeds, the cars are practically silent. After all, instead of the gasoline engine, there's just an electric motor.So, in this arena, the batteries are the stars of the show! * 7 Stocks Top Investors Are Buying Now In Formula E racing, the title sponsor is ABB Ltd. (NYSE:ABB), the Swiss industrial conglomerate -- and a major player in Europe's electric car infrastructure. So, naturally, the races are a chance for ABB to show off its tech. Outside the track, you'll see a big display of ABB's "Gen 2" racecar batteries.In the first Formula E races, pit crews had to rush out and change the batteries halfway through. They lasted about 25 minutes.The new batteries last for a full 45-minute race. And they're pretty massive. Source: ABB Formula E, YoutubeTo get the power they need -- which is equivalent to 300 laptops or 4,000 cell phones! -- these electric racecars devote half their weight (or roughly 750 pounds) to the battery.And ahead of last weekend's race in Red Hook, Brooklyn, one driver said, "We already know we're going to overheat the batteries."Right now, even top-of-the-line racecars, sporting the latest and greatest electric-vehicle technology, rely on the very same battery that powers your iPhone or laptop: the lithium-ion battery.Lithium-ion was originally developed for Sony camcorders back in the 1980s. And it was also in Samsung's (OTCMKTS:SSNLF) infamous "exploding phones."Remember when flight attendants were confiscating them? When the Samsung Galaxy Note 7 would overheat, it caught fire. And everything from Teslas to HP laptops have had the same issue with their lithium-ion batteries.Lithium-ion batteries have come a long way, but they are closing in on their limits.So you can see why major car companies -- and Formula E participants -- like Nissan (OTCMKTS:NSANY), BMW (OTCMKTS:BMWYY), and Volkswagen (OTCMKTS:VWAGY) are investing in next-generation batteries.This battery has: * Better energy density, making it smaller, lighter, but more powerful. * Shorter charging time due to fewer materials, which could produce a stronger current. One Chinese company, Enovate, is boasting a charge time of 80% in 15 minutes. That's twice as fast as Tesla. * Better safety. Unlike what we use now, this battery does not have toxic, flammable liquid inside. In one memorable test, a battery startup called Ionic Materials shot its with a Remington .22. It took three bullets, did not catch fire, and kept working!That's all great news for racecar drivers. And Formula E could be the perfect testing ground for this new technology.Volkswagen, which is already laying the groundwork to be fully electric by 2030, is working with a Silicon Valley startup to get these batteries into its cars and SUVs. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to dominate electric vehicles, too -- largely thanks to this new battery.Audi, Porsche, and Mercedes all want these next-generation batteries in their fleets as soon as possible. So do General Motors (NYSE:GM), Ford Motor (NYSE:F), Toyota Motor (NYSE:TM), Honda Motor (NYSE:HMC), Mitsubishi Motors (OTCMKTS:MMTOF), and Hyundai Motor (OTCMKTS:HYMTF).I could go on…But as an investor, I'd rather own a pure play on the battery revolution. Invest Where "Big Auto" is Dropping Major CashI often talk about "picks and shovels" investing. And that's because if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, at Investment Opportunities, I'm recommending companies that supply this new technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, which may as well flush all the money it's spending on lithium-ion batteries down the toilet.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Formula E: Inside the "Silicon Valley of Cars" appeared first on InvestorPlace.
Renault is confident that alliance partner Nissan's new board will work to reinforce their partnership as it struggles to turn the page on the Carlos Ghosn scandal, Renault Chairman Jean-Dominique Senard said on Thursday. Nissan shareholders last month approved the appointment of a new board at the Japanese carmaker with a more international profile as well as Senard and his Renault Chief Executive Thierry Bollore. "There is a change," Senard told reporters in a briefing at Renault headquarters.
Renault's alliance with Japanese partner Nissan remains the priority for France ahead of any further consolidation such as a merger with Fiat-Chrysler , French Finance Minister Bruno Le Maire said on Wednesday. "The priority today is to develop an industrial strategy for the Renault-Nissan alliance, Le Maire said in an interview with Italian daily Corriere della Sera.
Despite Jean-Éric Vergne back to back world championship, the 2018-2019 Formula E season was especially exciting, resulting in a season that had 8 different winners over the span of 13 races. And while exciting is good for motorsports, that’s not the only reason why big manufacturers and brands spend small fortunes to compete in, and sponsor, motorsports.
The development of electric-car racing—showcased in Brooklyn’s Red Hook neighborhood over the weekend—is an important signal to investors that electric powertrains for mass-market applications are here to stay.
Renault has handed French prosecutors the conclusions of an audit into its joint finances with alliance partner Nissan , the carmaker said on Friday. The audit, carried out by accountancy firm Mazars in the wake of the Carlos Ghosn scandal, identified 11 million euros ($12.4 million) in questionable spending by the Dutch-registered alliance subsidiary Renault-Nissan BV, Renault said in April. Former chairman Ghosn, ousted by both carmakers following his November arrest in Tokyo, is awaiting trial on financial misconduct charges he denies.
Carlos Ghosn marked the 10th anniversary of the Renault-Nissan alliance in 2009 by shrugging off the global recession and issuing a self-confident statement listing 10 big achievements of the pre-eminent symbol of Franco-Japanese co-operation. In March, as the alliance crawled past its 20th anniversary, no one at Renault or Nissan even bothered emailing employees to note the milestone. In one case, about a dozen office staff who had continued to come to work at the alliance’s Paris headquarters for five months after Mr Ghosn’s public downfall and arrest discovered their fate when Renault staff turned up unannounced to measure the office for its new occupants.
Moody's de México ("Moody's") has today assigned A3 and Aaa.mx backed long-term global local currency and Mexican National Scale senior unsecured debt ratings to NR Finance México, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada's (NR Finance México) proposed issuance of Certificados Bursátiles (NRF 19). The outlook on the global rating is negative.
HOLD Our auto columnist Anton Wahlman explains why he likes a Ford F-150 or Chevrolet Silverado more than a Nissan Titan or Toyota Tundra.
Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership. Over the past decade, the group has released figures each summer detailing how much money has been saved through cost-cutting, production sharing and other efficiencies, establishing it as a barometer of the health of the 20-year-old alliance.
Moody's Investors Service (Moody's) has today changed LLC ROLF's (ROLF) outlook to developing from positive. At the same time, Moody's affirmed the B1 corporate family rating (CFR) and the B1-PD probability of default rating. Today's change of ROLF's outlook to developing reflects the uncertainty regarding the potential direct and indirect impact of the investigation.
The big carmakers had mixed sales results in June, with the market showing continued demand for light trucks and SUVs, but declines in sales of passenger cars. The nameplates that have made a push into ...
The wife of ousted Nissan Chairman Carlos Ghosn has again called on world leaders, who have gathered in Japan for a G20 summit, to help raise the issue of her husband's treatment in the country where he is facing financial misconduct charges. Ghosn, who holds French, Lebanese and Brazilian citizenship, has denied the charges and says he is the victim of a boardroom coup at Nissan Motor. Carole called on leaders including U.S. President Donald Trump and French President Emmanuel Macron to hold Japanese Prime Minister Shinzo Abe accountable for what she has repeatedly called the country's "hostage justice system".
Former Nissan boss Carlos Ghosn abruptly cancelled plans on Friday for what would have been his first press conference since his arrest in November, after his daughters expressed concern it could invite retaliation by Japanese authorities, his lawyers said. "In Japan we just don't know what terrible thing will happen next, not just limited to rearrest," one of his lawyers, Junichiro Hironaka, told reporters outside his office. Hironaka cancelled the briefing at the Foreign Correspondents' Club of Japan (FCCJ) only two hours after journalists were informed of the event.
The number of drivers on the Fourth of July is expected to rise by more than 4% this year, and some cities will be three times more congested than usual, according to AAA. Yahoo Finance's Seana Smith discusses with Dan Roberts, Emily McCormick and Brian Cheung on "The Ticker."