It will focus on its new foldables over the next months. Samsung has reported KRW 0.67 trillion ($527 million) in operating profit for the second quarter of 2023, which is just slightly higher than last quarter’s, thanks to its memory business posting a narrower loss. That figure is also, however, much, much smaller than the… Continue reading Samsung blames Q3’s drop in revenue to decline in smartphone shipments
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LGES warns of sluggish EV demand in Europe, quarterly profit misses forecasts
LGES shares were trading down 6.4% after falling as much as 6.6% in morning trade, versus a 0.7% rise in the benchmark KOSPI at 0240 GMT. South Korea’s LG Energy Solution Ltd missed expectations for quarterly profit on Thursday as the battery maker booked a one-off cost for General Motors‘ recall of its Bolt electric… Continue reading LGES warns of sluggish EV demand in Europe, quarterly profit misses forecasts
LG Announces Second-Quarter 2023 Financial Results
July 27, 2023 LG Announces Second-Quarter 2023 Financial Results Open share list Share this content. Record Revenues, Strong Profitability Provide Solid Foundation for Pursuing Mid- to Long-term Growth Through Advancement of Business Portfolio SEOUL, July 27, 2023 — LG Electronics Inc. (LG) today announced second-quarter 2023 consolidated revenue of KRW 20 trillion with operating profit… Continue reading LG Announces Second-Quarter 2023 Financial Results
LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023
LGES posts quarterly revenue of KRW 8.774 trillion, operating profit of KRW 461 billion in the second quarter of 2023 The company records strong first half-year performance by strengthening competitiveness amid growing EV demands in the U.S. market LGES aims for over mid-30 percent annual revenue growth despite market uncertainties, with solid product competitiveness and diverse… Continue reading LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023
Tesla Supercharger rival, Nissan Leaf recall, Tesla tops Toyota in California: Today’s Car News
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Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24
Auto component maker Rane reported a consolidated net loss of Rs 14.5 crore in the April-June quarter (Q1 FY24). The company posted a net loss of Rs 3.3 crore in the same quarter a year ago. The company reported a total income of Rs 153.06 crore during the period ended June 30, 2023, down 8%… Continue reading Rane Madras reports net loss of Rs 14.5 crore in Q1 FY24
Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers
Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has entered into a collaboration with Readily Mobility, a leader in the vehicle assistance industry, bringing full-stack after-sales and service support for its B2B fleet customers. Under this agreement, Readily Mobility will cater to Ampere’s fleet of vehicles, to ensure smooth operations, minimal downtime, and maximum business efficiency for Ampere’s fleet customers.… Continue reading Ampere partners with Readily Mobility to offer full-stack after-sales services to Fleet customers
GreenPower Appoints Matheny Commercial EV As Commercial Truck Dealer in West Virginia
SOUTH CHARLESTON, W.V., July 26, 2023 /PRNewswire/ — GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the appointment of Matheny Commercial EV as its dealer… Continue reading GreenPower Appoints Matheny Commercial EV As Commercial Truck Dealer in West Virginia
Marine Products Corporation Reports Second Quarter 2023 Financial Results
ATLANTA, July 26, 2023 /PRNewswire/ — Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2023. Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral’s sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral’s outboard offerings… Continue reading Marine Products Corporation Reports Second Quarter 2023 Financial Results
GM changes direction, says it plans to make a next-generation Chevrolet Bolt EV
The Chevrolet Bolt isn’t going away after all. General Motors announced on Tuesday that the automaker would launch a next-generation, Ultium-based Bolt. Details on the updated electric vehicle were limited, and the company didn’t say where it would be built. However, the automaker said the Bolt would return to market on “an accelerated timeline.” The… Continue reading GM changes direction, says it plans to make a next-generation Chevrolet Bolt EV