United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – A shift in strategy by the United Auto Workers union this week has some analysts wondering if the parties are — perhaps, counterintuitively — getting closer to a deal.… Continue reading What to make of the UAW’s shifting strike tactics after the latest escalation
Tag: Financial Results
@VW Group: Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months007904
The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. All-electric deliveries increased by 45 percent to 531,500 vehicles globally, raising the BEV share of total deliveries to 7.9 percent after 6.1 percent in the prior year period. In the third quarter alone, the BEV share climbed to 9.0 percent… Continue reading @VW Group: Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months007904
@VW Group: Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months007904
64 percent of the Group’s BEV deliveries went to its home region Europe, followed by China with 22 percent and the USA with 10 percent. 4 percent went to other markets. The Volkswagen Passenger Cars brand delivered 273,000 all-electric vehicles by the end of September, slightly more than half of all BEVs of the Group.… Continue reading @VW Group: Volkswagen Group delivers 45 percent more all-electric vehicles in first 9 months007904
Usage Based Insurance Market worth $80.7 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 13, 2023 /PRNewswire/ — Usage Based Insurance Market is projected to grow from an estimated USD 30.6 billion in 2023 to reach USD 80.7 billion by 2028 at a CAGR of 21.4% during the forecast period, according to a new report by MarketsandMarkets™. The usage-based insurance market is estimated to be fueled by growing… Continue reading Usage Based Insurance Market worth $80.7 billion by 2028 – Exclusive Report by MarketsandMarkets™
Zoomlion Bolsters Overseas Market with Localization Strategy, Driving Leapfrog Growth
Accelerated International Collaborations and partnerships propel the company towards high-quality, sustainable development CHANGSHA, China, Oct. 13, 2023 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”; 1157.HK), a global frontrunner in high-end equipment manufacturer, is accelerating its localization in overseas markets and strengthening cooperation with global partners to boost its international business development.… Continue reading Zoomlion Bolsters Overseas Market with Localization Strategy, Driving Leapfrog Growth
Map maker TomTom shares slide as its biggest unit misses sales forecast
TomTom has been benefiting from a backlog in auto orders after extended supply disruptions. However, this could be changing as people delay buying new cars amid high inflation. Digital mapping specialist TomTom reported lower than expected revenue at its main location technology business on Friday, sending its shares down 7%. The company, which competes with… Continue reading Map maker TomTom shares slide as its biggest unit misses sales forecast
Malaysia seeks to put MAVCAP, Penjana Kapital under sovereign wealth fund KhazanahThe decision was part of the national budget announcements.
Malaysia on Friday sought to put government-backed venture capital (VC) agencies such as Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital under sovereign wealth fund Khazanah Nasional Berhad. The decision, which was announced as part of the national budget, will help the country enter the league of the top 20 startup ecosystems in the world… Continue reading Malaysia seeks to put MAVCAP, Penjana Kapital under sovereign wealth fund KhazanahThe decision was part of the national budget announcements.
Aristotle Global Equity Strategy Sold Magna International (MGA) for More Optimal Investment Option
Aristotle Capital Management, LLC, an investment management company, released its “Global Equity Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned ‐4.06% gross of fees (‐4.13% net of fees), underperforming the MSCI World Index’s ‐3.46% return and the MSCI ACWI Index’s ‐3.40% return. The… Continue reading Aristotle Global Equity Strategy Sold Magna International (MGA) for More Optimal Investment Option
Enterprise Holdings accelerates toward next era of mobility with diverse portfolio and growing global footprint
Millions of customers around the world use business to meet mobility needs, driving best year on record ST. LOUIS, Oct. 11, 2023 /PRNewswire/ — Enterprise Holdings, a global leader in mobility, has strengthened its ambitions in helping shape the future of mobility with strong results across its diverse lines of business, a significant jump in… Continue reading Enterprise Holdings accelerates toward next era of mobility with diverse portfolio and growing global footprint
Tire Cord Fabrics Market to Boom to US$16 Billion by 2033, Driven by Innovations in Performance and Durability | Future Market Insights, Inc.
Innovations in tire cord fabrics propel the market forward as manufacturers seek to enhance tire performance and durability to meet the growing demand from the EV revolution and sustainability concerns. The tire cord fabrics market is expected to grow at a CAGR of 7.1%, driven by these factors NEWARK, Del., Oct. 11, 2023 /PRNewswire/ — The… Continue reading Tire Cord Fabrics Market to Boom to US$16 Billion by 2033, Driven by Innovations in Performance and Durability | Future Market Insights, Inc.