Tag Archives: Auto

Wall Street sees the rationale behind Take-Two’s $12.7 billion deal to buy Zynga, even if traders hate the transaction at first blush. “Take-Two is using its balance sheet and equity to opportunistically buy a good mobile asset in a depressed market,” said Jefferies analyst Andrew Uerkwitz.  The Grand Theft Automaker said it would pay a 64% premium to scoop up Words With Friends developer Zynga, using a mix of cash and stock. Zynga will continue to be led by CEO Frank Gibeau, get two seats on… Source link

We’re about to turn the page on the calendar, put 2021 behind us, and stride into the brave, new year of 2022 – and Wall Street’s prognosticators are busy scanning the stocks to find the winners and losers for next year’s markets. Whether it’s individual stocks, whole industry sectors, or some combination of both, the analysts are finding plenty of Buy-rated equities for investors to consider. Take the automotive sector. Few industrials will present as many investment opportunities,… Source link

It’s not just Tesla. Electric-vehicle startup Rivian (RIVN) has roared into public markets with a killer public offering and a market value of $116 billion. That’s 32% more than General Motors (GM) is worth, and 47% more than Ford (F). Rivian has never sold a vehicle until this year. GM sells around 7 million vehicles per year; Ford, 4 million. If you add up the market value of Tesla (TSLA), Rivian, and 5 other startups including Lucid (LCID), Nikola (NKLA), Fisker (FSR), Lordstown Motors… Source link

Shares of two of the oldest automakers around have run over the S&P 500 in the past month as each unveiled detailed plans to take on electric vehicle king Tesla (TSLA).  Over the last month, shares of Ford (F) and General Motors (GM) have each gained about 15.5%, according to Yahoo Finance Plus data. The S&P 500 has returned a more pedestrian 4.5% as investors fret about the debt ceiling, inflation, climbing 10-year yields and a legion of other headline risks.  Ford’s stock has trounced GM… Source link

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their… Source link

“Android Auto for phone screens” had an Android Auto-like UI, but it ran directly on the phone screen. Google … Source link

Google has confirmed it’s shutting down the standalone “Android Auto for Phone Screens” app with Android 12. Instead, anyone who wants a driving-friendly interface for their Android phone should use the Google Assistant driving mode, which is available within Google Maps, or the native Android Auto interface available in select cars. “For those who use the on phone experience (Android Auto mobile app), they will be transitioned to Google Assistant driving mode,” Google said in a… Source link

Russia’s answer to Google is now branching out by bringing Yandex.Maps to your in-car Android Auto head unit. We’ve seen a whole host of navigation alternatives to Google Maps come to Android Auto over the past few months with the likes of Waze and TomTom providing sensible third-party options. According to Android Police, Yandex.Maps is now available on Android Auto provided you’re based in Russia. They note that you can’t even test it even when trying to spoof your location… Source link

Google Maps is generally pretty darn great, but it’s always good to have alternatives. There have been a variety of new navigation tools for the Android Auto system over the last few months, including Waze, TomTom, and Gaia, all taking advantage of new third-party API options. The latest is Yandex.Maps, the popular mapping app from Russia-based Yandex. The Android Auto functionality may have been active earlier this month with version 10.5.0 of the app. But the new addition has now… Source link

More mobile consumers after getting a COVID-19 vaccine hasn’t slowed the online car buying boom that the pandemic helped create. At least that’s a takeaway from the second quarter earnings out of online car-selling leader Carvana (CVNA). Carvana said Thursday evening that it sold 107,815 retail units in the second quarter, up 96% from a year ago. It marked the company’s first time selling over 100,000 units. The company saw a record level of gross profit per unit. Some $45 million in net… Source link