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Category: News Type
Ford’s July sales up on better inventory flow
Ford Motor Co.’s July sales grew 36.6% year-over-year even as industrywide sales fell, which the Dearborn automaker chalked up to improvements in inventory flow. Ford sold 163,942 new vehicles in the U.S. last month, one year from a period when the automaker was being hit particularly hard by a global shortage of semiconductor chips. Light-vehicle sales in the… Continue reading Ford’s July sales up on better inventory flow
Nile Rodgers & Chic to bring ‘Good Times’ to NAIAS Charity Preview
Hitmaker, party-starter and music legend Nile Rodgers, along with Chic, will perform at this year’s North American International Auto Show Charity Preview, organizers announced Wednesday. The black-tie event will be held Sept. 16 at Huntington Place, the former TCF Center, and Cobo Hall prior to that. Tickets, $400 each or $700 a pair, are now available through the NAIAS website.… Continue reading Nile Rodgers & Chic to bring ‘Good Times’ to NAIAS Charity Preview
Automakers blitz Congress to fix an EV tax credit they can’t use
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Automakers blitz Congress to fix an EV tax credit they can’t use
GM expands Super Cruise tech for use on 400K miles of roadways
Customers driving General Motors Co.’s vehicles with the Super Cruise hands-free driving technology soon will have access to double the amount of miles where they can use the technology, GM said Wednesday. The Detroit automaker is expanding Super Cruise availability from 200,000 miles to 400,000 miles of roadways in the U.S. and Canada, included undivided… Continue reading GM expands Super Cruise tech for use on 400K miles of roadways
Kinston Railroad Commences Rail Operations
JOPLIN, Mo., Aug. 3, 2022 /PRNewswire/ — Kinston Railroad (KNR), a wholly owned subsidiary of Jaguar Transport Holdings (Jaguar), began rail operations on Aug. 1. KNR acquired leasehold rights to approximately 6 miles of track owned by the N.C. Department of Transportation (NCDOT). The railroad will interchange with Norfolk Southern in Kinston, N.C., and terminates… Continue reading Kinston Railroad Commences Rail Operations
Stoneridge Reports Second-Quarter 2022 Results
MIRROREYE OEM TAKE RATES REMAIN STRONGER THAN ORIGINAL EXPECTATIONS WITH INCREASED OUTLOOK FOR 2023 SECOND-QUARTER PERFORMANCE IMPACTED BY FX HEADWINDS 2022 Second-Quarter Results Sales of $220.9 million Adjusted sales of $205.7 million Gross profit of $38.6 million (18.7% of adjusted sales) Excluding unfavorable impact of foreign currency vs. Q1, adjusted gross margin of 19.7% Operating… Continue reading Stoneridge Reports Second-Quarter 2022 Results
ROSHN signs agreement to sponsor and rename Jeddah Waterfront
The agreement includes renaming the waterfront “ROSHN Waterfront” The Waterfront includes 7 different entertainment areas stretching over a distance of 4 km RIYADH and JEDDAH, Saudi Arabia , Aug. 3, 2022 /PRNewswire/ — In the presence of His Excellency the Mayor of Jeddah, Mr. Saleh bin Ali Al-Turki, ROSHN, the national real estate developer wholly owned… Continue reading ROSHN signs agreement to sponsor and rename Jeddah Waterfront
Close Brothers to provide MotorEasy Gap insurance to dealers
Close Brothers Motor Finance has chosen Intelligent Motoring as its preferred GAP insurance partner. The move will enable Close Brothers Motor Finance to offer all customers a 5-star Defaqto rated GAP offering, via Intelligent Motoring’s consumer-facing brand, MotorEasy. Close Brothers Motor Finance’s 8,000-strong dealer and broker partners will continue to have priority in offering GAP… Continue reading Close Brothers to provide MotorEasy Gap insurance to dealers
Copa Holdings Reports Financial Results for the Second Quarter of 2022
Adjusted Net Profit for the second quarter came in at US$13.2 million, or Adjusted EPS of US$0.32 PANAMA CITY, Panama, Aug. 3, 2022 /PRNewswire/ — August 3, 2022. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2022 (2Q22). The terms “Copa Holdings” and the “Company” refer to the consolidated… Continue reading Copa Holdings Reports Financial Results for the Second Quarter of 2022