Credit rating agency ICRA maintains its domestic tyre demand growth forecast for FY2024 at 6-8 percent year on year, on the back of favourable demand from the OEM segment and expected revival in replacements. An improved product mix and range-bound input costs are expected to enhance the margins by 200-300 basis points in FY2024. The OEM… Continue reading ‘Domestic tyre demand to grow by 6-8% in FY2024’: ICRA
Tag: Financial Results
Lucid shares drop as deliveries take hit from Tesla’s price war
July 12 (Reuters) – Lucid Group (LCID.O) said its second-quarter production dropped from the previous three months while deliveries stayed flat, sending the shares of the luxury electric-vehicle maker down about 6% on Wednesday. The Saudi Arabia-backed startup has been struggling to ramp up production in the face of supply chain issues, while a price… Continue reading Lucid shares drop as deliveries take hit from Tesla’s price war
Audi in talks to buy Chinese automaker SAIC’s EV platform -sources
SHANGHAI (Reuters) – Germany’s Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share. The move, coming as sales of Audi’s EV products fall sharply behind those of Tesla and domestic… Continue reading Audi in talks to buy Chinese automaker SAIC’s EV platform -sources
Is Trending Stock NIO Inc. (NIO) a Buy Now?
NIO Inc. (NIO) has recently been on Zacks.com’s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock’s performance in the near future. Shares of this company have returned +21.6% over the past month versus the Zacks S&P 500 composite’s +3.3% change. The… Continue reading Is Trending Stock NIO Inc. (NIO) a Buy Now?
NIO Inc. Announces Closing of Strategic Equity Investment from CYVN
SHANGHAI, China, July 12, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has closed the US$738.5 million strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings… Continue reading NIO Inc. Announces Closing of Strategic Equity Investment from CYVN
German Handelsblatt: Automotive supplier: Weak core business: Continental writes surprising losses in the automotive division007258
Continental Conti-Aktien drehten in Reaktion auf die Zahlen zwischenzeitlich ins Minus. (Foto: dpa) Der Autozulieferer Continental hat im zweiten Quartal die Erwartungen an sein Kerngeschäftsfeld nicht erfüllt. Überraschend vermeldete der Dax-Konzern am Mittwoch für die Automotive-Sparte einen Verlust. Die bereinige Ebit-Marge rutschte im zweiten Quartal auf minus 0,6 Prozent bei einem Umsatz von 5,1 Milliarden Euro.… Continue reading German Handelsblatt: Automotive supplier: Weak core business: Continental writes surprising losses in the automotive division007258
High-End Bicycle Market to grow by USD 4,786.35 million from 2022 to 2027|North America to contribute 35% of the market growth- Technavio
NEW YORK, July 12, 2023 /PRNewswire/ — The high-end bicycle market is estimated to grow by USD 4,786.35 million from 2022 to 2027 growing at a CAGR of 6.16%. North America is estimated to account for 35% of market growth during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market… Continue reading High-End Bicycle Market to grow by USD 4,786.35 million from 2022 to 2027|North America to contribute 35% of the market growth- Technavio
Global Healthcare Accreditation’s Standards 5.0 Awarded Coveted ISQua Accreditation, Ensuring Highest International Benchmarks for Medical Travel
GHA’s Standards for Medical Travel 4.1 had previously been accredited by IEEA in 2019. GHA’s Standards for Medical Travel 5.0 will become effective and required for organizations undergoing a GHA accreditation survey starting on January 1st, 2024. Established in 1985, ISQua is a member-based, not-for-profit community and organization dedicated to promoting quality improvement in health… Continue reading Global Healthcare Accreditation’s Standards 5.0 Awarded Coveted ISQua Accreditation, Ensuring Highest International Benchmarks for Medical Travel
Atlas Corp.’s 2022 Sustainability Report: Embedded ESG Values Drive Decision Making
LONDON, July 11, 2023 /PRNewswire/ — Atlas Corp. (“Atlas” or the “Company”) is pleased to announce the publication of its 2022 Sustainability Report, its third annual report. The comprehensive document shines a spotlight on the year-long accomplishments of Atlas subsidiaries, Seaspan Corporation (“Seaspan”) and APR Energy (“APR”), for the calendar year 2022. Continue Reading 2022… Continue reading Atlas Corp.’s 2022 Sustainability Report: Embedded ESG Values Drive Decision Making
Retail Logistics Market to Hit $626.59 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, July 11, 2023 /PRNewswire/ — The global retail logistics market size is anticipated to reach USD 626.59 billion by 2030, registering a CAGR of 12.5% over the forecast period, according to a new report by Grand View Research, Inc. The growth is likely to be driven by new last-mile delivery methods, such as… Continue reading Retail Logistics Market to Hit $626.59 Billion by 2030: Grand View Research, Inc.