Mercedes-Benz production in Sindelfingen The bottom line is that the premium manufacturer from Stuttgart earned 14.8 billion euros. (Photo: dpa) 15 percent. This is the rounded return on sales that Mercedes-Benz was able to generate in its dominant car division in the previous year. It is a fabulous value in the more than 135-year history… Continue reading German Handelsblatt: Car company: More profitable than ever: Mercedes earns almost 15 billion euros and pays out a record dividend006257
Category: Automotive
Tesla denies firing New York workers in retaliation for union activity
It said the Autopilot employees who were let go were low performers. Tesla has denied that it terminated employees at its Buffalo, New York Autopilot facility in response to a new union campaign. Days after workers at the facility sent a letter to company chief Elon Musk stating their intention to unionize, the campaign’s organizers… Continue reading Tesla denies firing New York workers in retaliation for union activity
Finalrentals Launches in Costa Rica
The Finalrentals Costa Rica location will be led by seasoned entrepreneur and woman in business María José Zúniga R. Photo: Finalrentals Finalrentals announced expansion into Costa Rica, with a partnership secured by seasoned entrepreneur and woman in business María José Zúniga R. “The senior management of Finalrentals met with us in London in November, said Zúniga R in… Continue reading Finalrentals Launches in Costa Rica
BP to Invest in Charging for Hertz EV Rentals
The companies announce their intention to bring fast-charging to a dozen U.S. cities as Hertz aims to make one-quarter of its fleet electric by end of 2024. Photo: BP BP announced plans to invest $1 billion by 2030 into electric vehicle (EV) charge points across the U.S., including an intention to bring fast charging infrastructure to Hertz locations in… Continue reading BP to Invest in Charging for Hertz EV Rentals
Zezgo Rent A Car Opens in Puerto Rico
Javier Vazquez’s team will be taking on the brand’s location in Puerto Rico. Photos: Zezgo/Canva Zezgo Rent A Car announces its operation on the island of Puerto Rico with initial opening at Luis Muñoz Marín International Airport. The company will service both business travelers and tourists with a range of nearly new vehicles, according to its… Continue reading Zezgo Rent A Car Opens in Puerto Rico
German Handelsblatt: Car manufacturer: Mercedes-Benz increases profit more than expected – shareholders should benefit006256
Mercedes-Benz-Produktion in Sindelfingen Unter dem Strich verdiente der Stuttgarter Premiumhersteller 14,8 Milliarden Euro. (Foto: dpa) 15 Prozent. So hoch fällt die aufgerundete Umsatzrendite aus, die Mercedes-Benz in seiner dominanten Autosparte im Vorjahr erwirtschaften konnte. Es ist ein Fabelwert in der mehr als 135-jährigen Geschichte der Marke mit dem Stern. Noch nie zuvor war der Dax-Konzern auch… Continue reading German Handelsblatt: Car manufacturer: Mercedes-Benz increases profit more than expected – shareholders should benefit006256
Indonesia’s J&T Express said to be eyeing $1b Hong Kong IPOThe company is targeting the initial share sale for H2 this year.
Indonesian courier services startup J&T Express aims to carry out a Hong Kong initial public offering (IPO) in the second half of 2023 that could raise at least $1 billion, according to people familiar with the matter. The proposed share sale is the second attempt J&T Express has made at listing in Hong Kong. Plans… Continue reading Indonesia’s J&T Express said to be eyeing $1b Hong Kong IPOThe company is targeting the initial share sale for H2 this year.
Vietnamese EV maker VinFast gets one green permit to start US factory construction
Vietnam’s electric vehicle (EV) maker VinFast said on Friday North Carolina regulators had given the automaker one of the environmental permits it needs to begin construction on a planned $4 billion EV assembly plant in the U.S. state. The Vietnamese company, a subsidiary of conglomerate Vingroup, has been moving to expand in the United States, where it… Continue reading Vietnamese EV maker VinFast gets one green permit to start US factory construction
PH govt picks Gobi-Core as co-investment partner for $10m startup venture fund
The Philippine government has officially accredited local venture investor Gobi-Core Philippine Fund (Gobi-Core) as a co-investment partner for the state-initiated, $10-million Startup Venture Fund (SVF). Launched in 2021, the SVF — a joint effort by the Department of Trade and Industry (DTI) and the National Development Council (NDC) — seeks to provide capital, mentorship, capacity… Continue reading PH govt picks Gobi-Core as co-investment partner for $10m startup venture fund
@Nissan: 2023/02/17 Nissan/NISMO announces 2023 motorsports programs Nissan Motor Co., Ltd. …000978
2023/02/17 YOKOHAMA, Japan – Nissan Motor Co., Ltd. and Nissan Motorsports & Customizing Co., Ltd. today announced the outline of their motorsports activities for 2023. “At Nissan, we challenge ourselves and dare to do what others don’t,” said Ashwani Gupta, Nissan COO. “We are proud of our achievements on the track last year in the… Continue reading @Nissan: 2023/02/17 Nissan/NISMO announces 2023 motorsports programs Nissan Motor Co., Ltd. …000978