Nikola Commences Exchange Offer to Acquire Romeo Power
On Aug. 1, Nikola and Romeo jointly announced they had entered into a definitive agreement for this all-stock transaction.
Lumileds Receives Court Approval of First Day Motions
The company has obtained interim approval to access up to $275 million of DIP financing.
Lumileds Announces Restructuring Agreement
To implement the restructuring plan, Lumileds has commenced voluntary prepackaged Chapter 11 proceedings, limited to its U.S. and Netherlands operations.
Advance Auto Parts Reports Q2 2022 Results
Advance returned $291 million to shareholders through a combination of share repurchases and a quarterly cash dividend.
Holley Reports Second Quarter 2022 Results
Supply chain disruptions, reseller de-stocking and softer demand in certain categories cause headwinds, Holley says.
MPA Reports Record 1st Quarter Sales
Net sales reached a fiscal first quarter record of $164 million, an increase of $15 million, or 10 percent year-over-year.
CarParts.com Reports Record Second Quarter 2022 Results
The company reports record quarterly sales of $176.2 million, up 12% year-over-year.
Aptiv Reports Q2 2022 Financial Results
For the three months ended June 30, 2022, Aptiv reported U.S. GAAP revenue of $4.1 billion, an increase of 7% from the prior-year period.
Cooper Standard Reports Q2 2022 Results
Cooper Standard reported net new business awards of $57 million, notably with $39 million on electric vehicle platforms.
Tenneco Reports Second Quarter 2022 Results
Company reiterates intent to complete pending transaction with Apollo Funds in the second half of 2022.
Dana Reports Second Quarter Sales of $2.59B
The company generates strong free cash flow and maintains sales guidance.
Valvoline Reports Q3 2022 Results
Valvoline says sales grew 21% to $957 million driven by strong demand and pricing actions.