Daimler reports third-quarter 2019 results

STUTTGART, Germany, Oct. 24, 2019 /PRNewswire/ —   Strong Q3 sales for Mercedes-Benz Cars (+8%) and Vans (+10%) Revenue of €43.3 billion (Q3 2018: €40.2 billion) Group EBIT of €2.7 billion (Q3 2018: €2.5 billion) Group net profit of €1,813 million (Q3 2018: €1,761 million) Industrial Net Liquidity at €9.6 billion (Q2 2019: €6.6 billion)… Continue reading Daimler reports third-quarter 2019 results

Tesla Releases Third Quarter 2019 Financial Results

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Tesla Releases Third Quarter 2019 Financial Results

Oct 23,2019

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Tesla Releases Third Quarter 2019 Financial Results

PALO ALTO, Calif., Oct. 23, 2019 (GLOBE NEWSWIRE) — Tesla has released its financial results for the third quarter of 2019 by posting the Q3 update on its Investor Relations website. Please visit http://ir.tesla.com to view the update.

As previously announced, Tesla management will host a live question & answer (Q&A) webcast at 3:30 p.m. Pacific Time (6:30 p.m. Eastern Time) to discuss the results and outlook.

What:
Tesla Third Quarter 2019 Financial Results Q&A Webcast
When:
Wednesday, October 23, 2019
Time:
3:30 p.m. Pacific Time / 6:30 p.m. Eastern Time
Q3 Update:
http://ir.tesla.com
Webcast:
http://ir.tesla.com (live and replay)
The webcast will be archived on the company’s website following the call.

Source: Tesla, Inc.

Improvement in Key Automotive Markets, Ford Credit Contribute to Ford’s Q3, YTD Operating Results

About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Improvement in Key Automotive Markets, Ford Credit Contribute to Ford’s Q3, YTD Operating Results

Beyond the Numbers: Lyft’s 2019 Inclusion and Diversity Report

At Lyft, inclusion and diversity are at the core of Lyft’s principles, how we make decisions, how we build our teams, and how we serve our communities. Making sustained progress requires clear strategies, metrics that matter, inclusive culture, and leadership that will hold everyone accountable to do their part to retain, hire, develop, and advance… Continue reading Beyond the Numbers: Lyft’s 2019 Inclusion and Diversity Report

Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019

KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2019 through September 30, 2019.The highlights are as follows:First-half net sales remain flat Y/Y and the annual forecast remains unchanged.First-half operating… Continue reading Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019

Nidec Revises Consolidated Financial Forecast and Year-End Dividend Projection for the Year Ending March 31, 2020

KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced downward revision to its IFRS-based consolidated financial forecast and upward revision to its year-end dividend projection for the year ending March 31, 2020, previously announced on July 24, 2019.The details are as follows:Revised consolidated financial forecast… Continue reading Nidec Revises Consolidated Financial Forecast and Year-End Dividend Projection for the Year Ending March 31, 2020

Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting

TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced a strategic relationship with Chongqing Millison Die Casting Co., Ltd. Based in Chongqing, China, Millison manufactures and distributes… Continue reading Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting

Cooee Busways Integrates On-Demand Transport with Australia’s New Multi-Modal ‘Opal Connect’ Platform

October 22, 2019 7:08 PM
Cooee Busways Integrates On-Demand Transport with Australia’s New Multi-Modal ‘Opal Connect’ Platform

Cooee Busways riders can now pay using Opal Connect, making Via one of the first technology providers to integrate with TfNSW’s new account-based ticketing system.

October 22, 2019 (SYDNEY) — Via, the world’s leading provider and developer of public mobility solutions, today announced the on-demand transport service Cooee Busways is officially one of the first demand-responsive transportation providers in Australia to fully integrate with Opal Connect, a new account-based ticketing system by Transport for New South Wales (TfNSW).

In partnership with leading Australian transportation provider Busways, Cooee provides first- and last- mile connections to three Sydney Metro public transportation hubs and the local shopping centre, all completely on-demand. Commuters in The Ponds, Schofields, and Kellyville Ridge use the Via-powered Cooee Busways smartphone app (iOS and Android) to request quick and efficient shared trips, enabling them to leave their personal vehicles at home.

Now Cooee Busways users will have even more flexibility with Opal Connect, a new ticketing solution that aims to provide an integrated and convenient experience for customers through a singular, trusted digital account.

Going forward, residents using Cooee Busways who sign up for Opal Connect will receive a $2 travel credit each time they transfer to Opal services like the bus, train, or Metro. They can then use that travel credit towards any future on-demand services that accept Opal, an incentive transport leaders say will turn occasional riders into daily users, further reducing congestion and emissions caused by driving single-occupancy vehicles.

“The biggest hurdle for people catching public transport is often that first and last mile,” said New South Wales Transport Minister Andrew Constance. “Our goal is to make this key part of the journey as simple and integrated as possible. This first stage of Opal Connect provides another incentive to leave the car at home and enjoy a ride on our new, state of the art Metro system.”

With Opal Connect, customers create an account via the transportnsw.info website, and then securely link their Opal card, along with their credit or debit card. Customers can then use their Opal Connect account to sign in to different transport operator’s apps to book and pay for their travel, including Via’s Cooee Busways app.

Residents using Cooee Busways have already proven their eagerness to leave their private vehicles at home, too. Riders took more than 40,000 trips with Cooee in less than five months, with 55 percent of riders saying they previously used a private vehicle to make the journey. From this, 4 percent stated they had sold their car since using Cooee Busways, with a further 43 percent considering selling their vehicle.

By integrating with Opal Connect, both Busways and Via hope to see an even larger number of commuters turn to Cooee Busways to make their journeys. Into the future, Opal Connect has the capability to become a one-stop-shop for all transport transactions and information, whether public transport, rideshare, taxis, parking,and even tolling.

Via has been tapped by cities and transportation players around the world to help re-engineer public transit from a regulated system of rigid routes and schedules to a fully dynamic, digital network. Via now has more than 90 launched and pending deployments in more than 20 countries. To learn more about Via, visit www.platform.ridewithvia.com.

About Via

Via is re-engineering public transit, from a regulated system of rigid routes and schedules to a fully dynamic, digital network. Via’s mobile app connects multiple passengers who are headed the same way, allowing riders to seamlessly share a premium vehicle. First launched in New York City in September 2013, the Via platform operates in the United States and in Europe through its joint venture with Mercedes-Benz Vans, ViaVan. Via’s technology is also deployed worldwide through dozens of partner projects with public transportation agencies, private transit operators, taxi fleets, private companies, and universities, seamlessly integrating with public transit infrastructure to power cutting-edge on-demand mobility. For more information, visit www.platform.ridewithvia.com.

About Busways

Busways Group is the largest family owned bus operator in New South Wales, Australia with 77 years’ experience providing exceptional standards of public transportation to hundreds of communities on the east coast. Busways is interested in how innovative transport solutions can enhance mobility and access for different customer groups.

With a team of over 1,500 people, committed to transporting over 21 million passengers each year, Busways prides itself on taking a proactive approach to public transport delivery to ensure the customer’s journey is as seamless as possible.

Karma Automotive Opens Tech Base In Silicon Valley

“Karma serves as a technology incubator,” said Karma CEO Dr. Lance Zhou. “We are opening our product platform to serve as a test bed to help potential business partners bring emerging innovation to market and increase the speed of our own product development.” Establishing a proactive presence in California’s northern hub of tech development is… Continue reading Karma Automotive Opens Tech Base In Silicon Valley

On the road to mobility in Africa

1.3 billion inhabitants. Twice as many by 2050 and probably four times as many by the year 2100. If Africa is a vibrant continent with great potential, this is the result of its demography. But this also gives rise to the many and diverse challenges across its different regions. With the increase in its population,… Continue reading On the road to mobility in Africa