The supply of new company cars is expected to return to pre-pandemic levels by 2024, but ongoing cancellations, delays and inadequate communication are damaging long-term fleet-manufacturer relationships, according to operators. Fleet and business registrations have realigned with a still-suppressed market. The latest Society of Motor Manufacturers and Traders data shows a 28% (104,433 cars) decline… Continue reading Fleets target new suppliers as manufacturer relationships hit new low
Category: Automotive
New Mercedes-Benz E-Class to be unveiled tomorrow
The next-generation Mercedes-Benz E-Class will be revealed tomorrow, as confirmed by the German firm. Marketed as a segment leader for new technologies, the new E-Class will receive an upmarket interior in line with that of its electric sibling, the EQE. Officially detailed in February, this new interior is available with the dashboard-spanning MBUX Superscreen as an… Continue reading New Mercedes-Benz E-Class to be unveiled tomorrow
@FCA: 6 Horas de Spa-Francorchamps, un comienzo para el Team PEUGEOT TotalEnergies
24 de abril de 2023 , Ciudad de México – Las 6 Horas de Spa-Francorchamps TotalEnergies, tercera fecha del Campeonato Mundial de Resistencia de la FIA (FIA WEC), se llevará a cabo los días 28 y 29 de abril. La pista belga, en el corazón del Bosque de las Ardenas, es considerada uno de los circuitos… Continue reading @FCA: 6 Horas de Spa-Francorchamps, un comienzo para el Team PEUGEOT TotalEnergies
Hyundai Mobis’ e-Corner System Featuring Crab Walking and Zero Turn Becomes the First in the World to Drive on Public Roads
Parallel park, forward park, or escape from a dead end with four wheels that rotate up to 90° altogether or separately A key solution for autonomous driving and PBVs that has secured reliability through the successful demonstration on public roads In line with the bespoke mobility trend, Hyundai Mobis is solidifying its vision of becoming… Continue reading Hyundai Mobis’ e-Corner System Featuring Crab Walking and Zero Turn Becomes the First in the World to Drive on Public Roads
Eaton Acquires 49% Stake In China-Based Jiangsu Ryan Electrical To Boosts Presence In Asia-Pacific Region
Reuters Trillium Capital values Getty Images at $3.95 bln in all-cash buyout bid Activist investor Trillium Capital said on Monday it offered to buy the shares it does not already own in Holdings Inc in an all-cash deal, valuing the stock-photo company at $3.95 billion. Trillium, which holds over 500,000 shares of , offered to… Continue reading Eaton Acquires 49% Stake In China-Based Jiangsu Ryan Electrical To Boosts Presence In Asia-Pacific Region
Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd.
DUBLIN, April 24, 2023–(BUSINESS WIRE)–Intelligent power management company Eaton (NYSE:ETN) today announced it has completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd. (Ryan), a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022. This press release features multimedia. View the full release… Continue reading Eaton Acquires 49% Stake in Jiangsu Ryan Electrical Co. Ltd.
Autoliv (ALV) Q1 Earnings & Sales Top Estimates, Rise Y/Y
Autoliv Inc. ALV reported first-quarter 2023 adjusted earnings of 90 cents per share, beating the Zacks Consensus Estimate of 87 cents. Higher-than-expected revenues from the Airbags and Associated Products segment led to the outperformance. Smart pricing strategies to offset commodity cost woes aided profits. The bottom line also shot up 99% on a year-over-year basis. The… Continue reading Autoliv (ALV) Q1 Earnings & Sales Top Estimates, Rise Y/Y
Polaris (PII) to Report Q1 Earnings: Here’s What to Expect
Polaris Inc. PII is slated to release first-quarter 2023 results on Apr 25, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $1.73 and $1.95 billion, respectively. For the first quarter, the consensus estimates for Polaris’s earnings per share have moved down by 3 cents… Continue reading Polaris (PII) to Report Q1 Earnings: Here’s What to Expect
QuantumScape (QS) to Report Q1 Earnings: What’s in the Offing?
QuantumScape Corporation QS is slated to release first-quarter 2023 results on Apr 26, after the closing bell. The Zacks Consensus Estimate is pegged at a loss of 23 cents per share for the quarter. This implies a year-over-year deterioration of 9.52%. The estimate for first-quarter 2023 loss per share has moved down by 4 cents… Continue reading QuantumScape (QS) to Report Q1 Earnings: What’s in the Offing?
Volvo Cars Tech Fund invests in driver monitoring startup CorrActions
CorrActions, an Israeli startup that, among other things, built a driver monitoring system that can understand a driver’s cognitive state, today announced that it has raised a strategic investment from Volvo Cars Tech Fund. According to the company, the target for this round is $6 million. The idea behind CorrActions is to use sensors that… Continue reading Volvo Cars Tech Fund invests in driver monitoring startup CorrActions