This earnings season has been a tough one for our big technology stocks — and as a result, we’ve lowered several of our price targets based on the companies’ latest quarterly reports, forward guidance and commentary. The current rising interest rate environment and the strong U.S. dollar — another 75-basis-point rate hike by the Federal… Continue reading Here’s a roundup of 8 price target changes we made in Club stocks after earnings
Category: US Motoring Press
EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
An electric car being charged in Germany. The European Union is moving forward with plans to ramp up the number of EVs on its roads. Tomekbudujedomek | Moment | Getty Images The EU’s plans to phase out the sale of new diesel and gasoline cars and vans took a big step forward this week after… Continue reading EU strikes deal to ban the sale of new diesel and gasoline cars from 2035
Jury orders Ford to pay $104.6M in trade secrets case
Detroit — A federal jury this week ordered Ford Motor Co. to pay nearly $105 million in damages to a Texas-based software company for breaching its contract and misappropriating trade secrets. The case is Versata Software v. Ford Motor Co., in U.S. District Court in the Eastern District of Michigan, No. 15-10628. It dates back… Continue reading Jury orders Ford to pay $104.6M in trade secrets case
Red Bull Racing fined £6m for Formula 1 budget cap breach
Red Bull Racing has been fined $7 million (£6.07m) for breaking the Formula 1 budget cap in 2021, Max Verstappen’s first world championship season. The Milton Keynes-based team overspent the £118m cap by £1.86m (1.6%), documents released today confirm – a breach that the FIA, motorsport’s global governing body, has labelled as “minor”. Red Bull has also been given a… Continue reading Red Bull Racing fined £6m for Formula 1 budget cap breach
Subaru Solterra
Co-developed, not badge engineered. That’s how the relationship of the new Subaru Solterra is described to that of its sibling car, the Toyota bZ4X. The bZ4X is the kind of pragmatic car you’d expect from its maker, and likewise the Solterra from Subaru. It’s a spacious, 4.7m-long electric family crossover of the kind of shape… Continue reading Subaru Solterra
Video | A weekend living with the New Nissan Qashqai e-POWER
Comprehensive safety technology When it comes to safety, the Nissan Qashqai e-POWER has you covered, too. Nissan’s latest ProPILOT Assist with Navi-Link**** driver assistance features help make both local urban journeys and cross-country treks easy and safer than ever before. Intelligent Cruise Control**** helps keep you a safe distance from the car in front, while… Continue reading Video | A weekend living with the New Nissan Qashqai e-POWER
Maruti, Hyundai look to make a splash at Auto Expo 2023, many to stay away
After being last held in February 2020, India’s biennial on-ground automotive extravaganza – Auto Expo – is finally set to return after a hiatus of three years as a result of the pandemic. The mega event is slated to take place in Greater Noida, near New Delhi, from January 13 and 18, 2023. India’s top-two… Continue reading Maruti, Hyundai look to make a splash at Auto Expo 2023, many to stay away
Maruti Suzuki sells 517,395 units, posts profit of Rs 2,061 crore in Q2 FY2023
Maruti Suzuki India today announced the financial results for second quarter (July-September 2022) of FY2023 and the numbers point to robust year-on-year growth, albeit the year-ago base was a lower pandemic-impacted one. The company, which is India’s passenger vehicle market leader with a share of 41%, sold a total of 517,395 vehicles during the second… Continue reading Maruti Suzuki sells 517,395 units, posts profit of Rs 2,061 crore in Q2 FY2023
India is graduating from small cars to upper-segment cars: Maruti Suzuki Chairman R C Bhargava
India is graduating from small cars to upper-segment cars: Maruti Suzuki Chairman R C Bhargava The chairman of Maruti Suzuki, R C Bhargava, says Indians are moving towards higher priced SUVs and MUVs and his company is in the ‘phase of transition’ to cater to this ‘shift in the composition of the market’. Bhargava forecasts… Continue reading India is graduating from small cars to upper-segment cars: Maruti Suzuki Chairman R C Bhargava
L&T Tech bags orders worth Rs 1,907 crore from transportation sector
L&T Technology Services, a part of the $21 billion Larsen & Toubro (L&T) won orders worth over Rs 1,907 crore from January-September this year from the transportation sector on the back of strong tailwinds from electric vehicles, easing of semiconductor shortages and a spike in air travel. Amit Chadha, CEO & MD, L&T Technology services,… Continue reading L&T Tech bags orders worth Rs 1,907 crore from transportation sector