Tag: Divestments
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Ford says it will lose $3 billion in electric cars this year because it touts the start-up mentality
Ford Motor Co.F -0.52% expects to lose about $3 billion this year on its electric vehicle business, a reminder of how far traditional automakers have to go to make their EV portfolio profitable. Ford announced the figure Thursday as it outlined a new financial reporting structure designed to help investors better understand the performance of […]
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US threatens ban if TikTok’s Chinese owners don’t sell stakes
WASHINGTON — The Biden administration is demanding that TikTok’s Chinese owners sell their shares in the video-sharing app or risk a potential U.S. ban on the app, according to people familiar with the matter. The move represents a major policy shift on the part of the government, which has come under fire from some Republicans […]
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Tyler Perry expressed interest in buying a majority stake in BET Media Group from Paramount Global
Actor and producer Tyler Perry has expressed interest in acquiring a majority stake in BET Media Group from Paramount Global, FOR -2.10% That’s what people familiar with the situation say. Mr. Perry and Paramount have had a long-term relationship. The media mogul, who has his own production studio, has an overall deal to make shows […]