Increase in trend of last mile connectivity, surge in demand for affordable commercial vehicle, and inclination toward use of electric loader rickshaw as eco-friendly & efficient solution for commute have propelled the growth of the global electric loader rickshaw market. PORTLAND, Ore., Nov. 9, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Electric… Continue reading Electric Loader Rickshaw Market to Reach $614.8 Mn, Globally, by 2031 at 7% CAGR: AMR
Category: Automotive
INSPIRED SIGNS LONG-TERM PARTNERSHIP WITH BETFRED SECURING INSPIRED’S LARGEST UK BETTING SHOP ESTATE
Betfred to Procure 5,000 Vantage™ Cabinets in New Contract NEW YORK, Nov. 9, 2022 /PRNewswire/ — Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, today announced a new five-year contract with Betfred Group, a UK-based bookmaker that owns and operates over 1,400 betting… Continue reading INSPIRED SIGNS LONG-TERM PARTNERSHIP WITH BETFRED SECURING INSPIRED’S LARGEST UK BETTING SHOP ESTATE
Chickasaw Nation breaks ground on destination development OKANA Resort & Indoor Waterpark in OKC
OKANA includes riverfront hotel, spa, outdoor adventure lagoon, amphitheater, indoor waterpark, restaurants, First Americans Retail Gallery and conference center OKLAHOMA CITY, Nov. 9, 2022 /PRNewswire/ — Chickasaw Nation Governor Bill Anoatubby, along with tribal, state and Oklahoma City leaders, participated in the official groundbreaking ceremony for OKANA Resort & Indoor Waterpark. Situated along the Oklahoma River… Continue reading Chickasaw Nation breaks ground on destination development OKANA Resort & Indoor Waterpark in OKC
INSPIRED REPORTS THIRD QUARTER 2022 RESULTS
Increases in Revenue and Adjusted EBITDA on a functional currency basis highlight strength in operating results Total Revenue of $74.9 million and Net Income of $10.2 million, or $0.39 per basic share and $0.35 per diluted share Record Virtual Sports Revenue of $14.6 million (39% increase over prior-year period) and record Virtual Sports Adjusted EBITDA… Continue reading INSPIRED REPORTS THIRD QUARTER 2022 RESULTS
Yadea to Electrify the Show with the Unveiling of Two New Models at EICMA 2022
MILAN, Nov. 9, 2022 /PRNewswire/ — Yadea, the world’s leading electric two-wheeler brand, is again out in full force at Esposizione Internazionale Ciclo Motociclo e Accessori (EICMA), the world’s premier event for the motorcycle industry, taking place this year in Milan from November 8 to 13. The company is showcasing an extended range of innovative products at the event that… Continue reading Yadea to Electrify the Show with the Unveiling of Two New Models at EICMA 2022
Regaining UK market legacy, leveraging synergies for India among priorities for Switch Mobility’s new CEO Mahesh Babu
Key markets where it wants to tap this opportunity are the UK, India, Europe, and Africa. Along with the global demand for better carbon footprint and space efficient transportation solutions grow opportunities for the OEMs offering them. For Switch Mobility, the key markets where it wants to tap this opportunity are the UK, India, Europe,… Continue reading Regaining UK market legacy, leveraging synergies for India among priorities for Switch Mobility’s new CEO Mahesh Babu
Automakers, foreign governments seek changes to U.S. EV tax rules
The U.S. Treasury last month sought input from automakers and others as it implements the new law. By David Shepardson Hyundai Motor Group and other automakers want the United States to delay implementation of new electric vehicle tax credit rules that make vehicles assembled outside North America ineligible. South Korea, Japan, Brazil and the European… Continue reading Automakers, foreign governments seek changes to U.S. EV tax rules
California voters reject tax on rich for more electric cars
Newsom, who handily won a second term, did not immediately comment on the measure’s defeat. California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. Proposition 30′s defeat marks a win for… Continue reading California voters reject tax on rich for more electric cars
Canada’s Ritchie Bros to buy auto retailer IAA in $7.3 bln deal
The tie-up will also give Ritchie greater scale, while boosting its ability to cross-sell services across those industries and generate newer, fee-based revenue streams. By Kannaki Deka and Anirban Sen Canada’s Ritchie Bros Auctioneers Inc , which sells heavy industrial equipment, on Monday agreed to buy U.S.-based vehicle marketplace IAA Inc in a deal valued… Continue reading Canada’s Ritchie Bros to buy auto retailer IAA in $7.3 bln deal
Schaeffler axes 1,300 jobs as auto industry goes electric
Schaeffler shares jumped nearly 10% on news of the labour cost savings and on a 27% year-on-year rise in third-quarter revenue to 4.24 billion euros. By Tristan Chabba German automotive supplier Schaeffler plans to cut 1,300 jobs, or 1.6% of its global workforce, as the sector grapples with the shift from combustion engines to electric… Continue reading Schaeffler axes 1,300 jobs as auto industry goes electric