Latest News for: Trucking corp

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For Hindenburg Research, Adani Group is a man-made disaster in the making

Hindustan Times 27 Jan 2023
Hindenburg is best known for its bet against electric truck maker Nikola Corp in September 2020 for its "alleged lies and deceptions" in years leading up to its proposed partnership with General Motors. Among dozens of other issues, it challenged a promotional video Nikola produced showing its electric truck cruising at high speed.
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For Hindenburg Research, Adani Group is a 'man-made disaster' in the making

The Telegraph India 27 Jan 2023
PAST TARGETS Hindenburg is best known for its bet against electric truck maker Nikola Corp in September 2020 for its "alleged lies and deceptions" in years leading up to its proposed partnership with General Motors. Among dozens of other issues, it challenged a promotional video Nikola produced showing its electric truck cruising at high speed.
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Who is behind Hindenburg, the company that is shorting Adani?

The Times of India 27 Jan 2023
WHAT IS HINDENBURG RESEARCH ... Hindenburg is best known for its bet against electric truck maker Nikola Corp in September 2020, which generated "a big win," he told the WSJ, declining to specify the amount ... Anderson challenged a video Nikola produced showing its electric truck cruising at high speed - in fact the vehicle was rolled down a hill. A U.S ... .
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Nikola makes new unit for hydrogen ops to sharpen focus on core EV business

Reuters 26 Jan 2023
Jan 25 (Reuters) - Electric-truck maker Nikola Corp (NKLA.O) said on Wednesday it had created a new unit to manage the production and distribution of hydrogen fuel, allowing the company to sharpen focus on its core business of vehicle production.
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Explainer: Who is behind Hindenburg, the company that is shorting Adani?

Reuters 26 Jan 2023
Hindenburg is best known for its bet against electric truck maker Nikola Corp (NKLA.O) in September 2020, which generated "a big win," he told the WSJ, declining to specify the amount ... Anderson challenged a video Nikola produced showing its electric truck cruising at high speed - in fact the vehicle was rolled down a hill. A U.S ... Read Next.
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Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge

Gulf Daily News 26 Jan 2023
BENGALURU ... The group, which is led by Gautam Adani, the world's third richest person according to Forbes, dismissed the U.S ... Hindenburg, known for having shorted electric truck maker Nikola Corp and Twitter, said it holds short positions in Adani companies through U.S.-traded bonds and non-Indian-traded derivative instruments ... On bond markets, U.S ... .
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Sheriff: 1 in 'critical condition' after car overturns in Miami Township crash

WCPO 25 Jan 2023
The sheriff's office said a man driving a truck traveled off the side of the road and hit a bridge abutment, which caused the truck to roll onto the driver's side and strike a tree in the intersection of E Miami River and Jordan roads.
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Global Transportation Leader DSV Places Hypertruck ERX™ Order

Hastings Tribune 25 Jan 2023
Hyliion Holdings Corp ... HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that DSV has placed an initial order for 10 Hypertruck ERX™ units to be deployed in its North American road freight business ... Hyliion Holdings Corp ... Hyliion Holdings Corp.
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Read the scam text messages that are costing NAB customers up to $80,000: Shocking new ...

The Daily Mail 25 Jan 2023
National Australia Bank customers have been robbed thousands of dollars via a dodgy text message scam over the past few months ... Other people received a text showing a fake bank transaction ... Brisbane resident Manpreet Singh, 37, who works as truck driver, told News Corp he sunk into a deep depression after he lost $14,550 to the text message scam ... .
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Adani Group stocks fall after Hindenburg takes short position

Live Mint 25 Jan 2023
... it had 'concerns' over its debt.While the report later corrected some calculation errors, CreditSights said it maintained its concerns over leverage.Hindenburg is known for shorting electric truck maker Nikola Corp and Twitter though it later reversed its position in Twitter.
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Explainer-Who is behind Hindenburg, the company that is shorting Adani?

FX Empire 25 Jan 2023
By Carolina Mandl ... Advertisement ... Hindenburg is best known for its bet against electric truck maker Nikola Corp in September 2020, which generated “a big win,” he told the WSJ, declining to specify the amount ... Anderson challenged a video Nikola produced showing its electric truck cruising at high speed – in fact the vehicle was rolled down a hill ... ....
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Adani called 'brazen' fraud: Hindenburg targets Asia's richest man, triggering selloff

Gulf News 25 Jan 2023
Billionaire Gautam Adani's flagship firm Adani Enterprises Ltd. and Adani Ports and Special Economic Zone Ltd ... Cement makers ACC Ltd ... It was instrumental in bringing down the founder of e-truck company Nikola Corp., which was accused by Hindenburg in 2020 of being built on "dozens of lies." ... Gross debt at six Adani firms "- Adani Enterprises Ltd ... .
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Hindenburg shorts Adani Group, cites debt, accounting concerns

Khaleejtimes 25 Jan 2023
Hindenburg, known for having shorted electric truck maker Nikola Corp and Twitter, said it holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments. Its research report questioned how the Adani Group has used offshore entities in offshore tax havens like Mauritius and the Caribbean Islands.
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India’s Richest Man Accused of Pulling the ‘Largest Con in Corporate History’

Time Magazine 25 Jan 2023
Hindenburg Research, which in the past has shorted—or bet against—companies like electric truck maker Nikola Corp and Twitter, said it holds short positions in Adani companies through U.S.-traded bonds and non-Indian-traded derivative instruments ... [time-brightcove not-tgx=”true”] ... Who is Gautam Adani? ... Read More ... .
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Adani shares tank after US investor calls out ‘fraud’, reveals short position; Here’s how Adani responded

Financial Express 25 Jan 2023
Gautam Adani’s flagship firm Adani Enterprises Ltd ... Follow Us ... Cement makers ACC Ltd ... It was instrumental in bringing down the founder of e-truck company Nikola Corp., which was accused by Hindenburg in 2020 of being built on “dozens of lies.” Nikola founder Trevor Milton eventually stepped down as chairman and was found guilty of securities fraud ... .

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