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Self-driving sensor maker Luminar falls as production delay at Volvo hits earnings

Self-driving sensor maker Luminar falls as production delay at Volvo hits earnings Feb 28 (Reuters) - Luminar Technologies LAZR.O shares tumbled about 10% on Wednesday after the self-driving sensor maker's fourth-quarter results missed estimates on delayed production schedule for Volvo Cars' VOLCARb.ST new EX90 electric SUVs. The company had shifted its manufacturing and engineering resources to prepare for the start of production for the cars moved to 2024 from the originally scheduled 2023-end
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Polestar raises almost $1 bln, sees margins improving in 2024

UPDATE 1-Polestar raises almost $1 bln, sees margins improving in 2024 Adds share reaction in first paragraph By Marie Mannes STOCKHOLM, Feb 28 (Reuters) - Polestar PSNY.O said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker, sending its New York-listed shares 18.5% higher.
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Polestar raises almost $1 bln, sees margins improving in 2024

CORRECTED-Polestar raises almost $1 bln, sees margins improving in 2024 Corrects volume target in paragraph 14 By Marie Mannes STOCKHOLM, Feb 28 (Reuters) - Polestar PSNY.O said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker. Polestar also forecast double-digit gross profit margins by the end of 2024, against an expected flat outcome in 2023. Investors' enthusiasm for EV makers has
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Volvo Group Venture Capital Invests In Zacua Ventures

BRIEF-Volvo Group Venture Capital Invests In Zacua Ventures Feb 27 (Reuters) - Volvo AB VOLVb.ST : VOLVO GROUP VENTURE CAPITAL INVESTS IN ZACUA VENTURES TRANSACTION HAS NO SIGNIFICANT IMPACT ON VOLVO GROUP'S EARNINGS OR FINANCIAL POSITION Source text for Eikon: ID:nWkrc589Kn Further company coverage: [VOLVb.ST] (Gdansk Newsroom)
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US business equipment borrowings up 6% in January, ELFA says

US business equipment borrowings up 6% in January, ELFA says Feb 23 (Reuters) - U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. Companies signed up for new loans, leases and lines of credit worth $9.3 billion in January, down 26% sequentially.
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