BROOMFIELD, Colo., Sept. 15, 2022 /PRNewswire/ — Gogo Inc. (NASDAQ: GOGO) (“Gogo” or the “Company”), the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it has agreed to repurchase 1,500,000 shares of Common Stock owned by affiliates of BlackRock, Inc. (“BlackRock”), in a private transaction, for an aggregate… Continue reading Gogo Repurchases 1.5 Million Shares of Common Stock from BlackRock
Category: Automotive
Sea Group rolls out series of cost-cutting measures in move for profitabilityThe leadership team has decided not to take any cash compensation.
NYSE-listed Sea Group is making a series of austerity measures, as it braces for an economic slowdown threatening its e-commerce and gaming business. This development was first reported by Bloomberg. The measures include more stringent policies on business trips, transportation, meals, drinks and entertainment expenditure. According to an internal memo seen by DealStreetAsia, business flights… Continue reading Sea Group rolls out series of cost-cutting measures in move for profitabilityThe leadership team has decided not to take any cash compensation.
Fresh battle lines emerge in China’s shifting new energy vehicles market
As China winds down the generous consumer subsidies which helped its market for new-energy vehicles surpass that of any other country, the landscape is shifting. While the largest players — Tesla and homegrown giant BYD — look set to hold onto their leading position, for now, the second tier of companies is facing increasing challenges.… Continue reading Fresh battle lines emerge in China’s shifting new energy vehicles market
SE Asian crypto firms may catch the global chill as investors turn picky
The recent crypto selloff, which wiped out nearly $2 trillion in market value from crypto stocks since their peak last November, has raised questions about the longer-term impact on crypto-related venture capital (VC) investments in Southeast Asia. The region is home to 627 Web3 companies and has drawn almost $1 billion in VC investments as… Continue reading SE Asian crypto firms may catch the global chill as investors turn picky
Japanese PE firm J-STAR invests in camper van maker Toy Factory
J-STAR, a Japanese mid-market private equity firm, announced that it has invested in Toy Factory, a manufacturer and distributor of Japan-made camper vans. The PE firm did not provide financial details of its investment but said the transaction was carried out through J-STAR No.4-A LP. Established in 1995, Toy Factory mainly builds and sells recreational… Continue reading Japanese PE firm J-STAR invests in camper van maker Toy Factory
Cummins Advocating for Racial Equity (CARE) Supports Mobile Grocery Markets in Communities Across the U.S.
COLUMBUS, Ind.–(BUSINESS WIRE)–It’s in the DNA of Cummins Inc. (NYSE: CMI) to solve problems, and the reality of food deserts in communities across the nation is one that has its attention. Through Cummins Advocating for Racial Equity (CARE), the company has committed $800,000 in transformational grant funding to develop and launch mobile grocery markets. With… Continue reading Cummins Advocating for Racial Equity (CARE) Supports Mobile Grocery Markets in Communities Across the U.S.
Santa Clara Valley Transportation Authority Places Order for Buses Featuring the Allison eGen Flex™
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce that Santa Clara Valley Transportation Authority (VTA) has selected the Allison eGen Flex™ electric hybrid propulsion system for its fleet of transit buses. VTA has signed an agreement for GILLIG buses equipped with the eGen Flex. “As the largest order of eGen Flex-equipped buses to date, Allison’s partnership… Continue reading Santa Clara Valley Transportation Authority Places Order for Buses Featuring the Allison eGen Flex™
Mit wachsendem Markenwert und Einfluss verzeichnet XCMGs Exportumsatz in der ersten Jahreshälfte 2022 ein Wachstum von über 157 % im Vergleich zum Vorjahr
XUZHOU, China, 16. September 2022 /PRNewswire/ — XCMG Construction Machinery Co. Ltd. (SHE:000425) meldete zum 30. Juni einen Umsatz von 38,204 Milliarden Yuan (5,52 Milliarden US-Dollar) für das erste Halbjahr, was einem Rückgang von 28,23 Prozent im Vergleich zum Vorjahreszeitraum und einem geringeren Rückgang im Vergleich zum Branchendurchschnitt entspricht. Die Exporteinnahmen von XCMG beliefen sich auf 12,488… Continue reading Mit wachsendem Markenwert und Einfluss verzeichnet XCMGs Exportumsatz in der ersten Jahreshälfte 2022 ein Wachstum von über 157 % im Vergleich zum Vorjahr
Avec une valeur et une influence de marque en hausse, les recettes d’exportation de XCMG au premier semestre de 2022 marquent une croissance de plus de 157 % sur 12 mois
XUZHOU, Chine, 16 septembre 2022 /PRNewswire/ — XCMG Construction Machinery Co., Ltd. (SHE:000425) a déclaré 38,204 milliards de yuans (5,52 milliards de dollars américains) de chiffre d’affaires au premier semestre au 30 juin, soit une baisse de 28,23 % sur un an, mais une baisse moindre par rapport à la moyenne de l’industrie. Les recettes d’exportation de XCMG s’élèvent à 12,488 milliards… Continue reading Avec une valeur et une influence de marque en hausse, les recettes d’exportation de XCMG au premier semestre de 2022 marquent une croissance de plus de 157 % sur 12 mois
Automotive Powertrain Market to Reach US$ 719.3 Million by 2032 as Focus on Clean Technology in Vehicles Grows
Automotive Powertrain Manufacturers Focus on Innovation as Shift towards EV Gains Momentum The latest survey by Fact.MR provides a compilation of first-hand information about the factors affecting the growth in automotive powertrain market. It also offers refines sales projection across various market segments in terms of position, vehicle type, and powertrain type. The report also… Continue reading Automotive Powertrain Market to Reach US$ 719.3 Million by 2032 as Focus on Clean Technology in Vehicles Grows