Sime Darby, Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to tap into the growth potential of both economies, its top executive told Reuters. “We cannot ignore India,” Group Chief Executive Officer Jeffri Salim Davidson told Reuters. “It’s just something too big, you cannot ignore. So we’re looking for opportunities in India to see whether we can do… Continue reading Malaysia’s Sime Darby seeks to expand car retail business to India, Indonesia
Tag: Financial Results
Despite moderate global growth DEKRA predicts historic sales record for 2023
Double-digit growth of DEKRA’s core business in the first 10 months of 2023 Historic sales record of over four billion euros expected for the full year Business areas Artificial Intelligence and Sustainability to grow at double-digit rates STUTTGART, Germany, Nov. 30, 2023 /PRNewswire/ — International expert organization DEKRA is predicting a historic sales record for 2023. “So far,… Continue reading Despite moderate global growth DEKRA predicts historic sales record for 2023
Depot Connect International (DCI) Expands Operations in the Northwest USA with Acquisitions of STS Intermodal and Mike’s Mobile Tank Services
TAMPA, Fla., Nov. 29, 2023 /PRNewswire/ — Depot Connect International (DCI), a leading provider in the tank container services industry, today announced the strategic acquisition of STS Intermodal (STS) and Mike’s Mobile Tank Services. The STS acquisition establishes DCI’s first full-service ISO Tank Depot in the Pacific Northwest of the United States while Mike’s Mobile… Continue reading Depot Connect International (DCI) Expands Operations in the Northwest USA with Acquisitions of STS Intermodal and Mike’s Mobile Tank Services
JinkoSolar to participate at COP28 United Nations climate conference
SHANGRAO, China, Nov. 30, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its participation at the COP28 United Nations climate change conference taking place in Dubai from November 30th to December 12th, underlining its leadership role in… Continue reading JinkoSolar to participate at COP28 United Nations climate conference
Akool’s Generative AI Platform Sets New Standard for Brand Engagement
With over 10 Fortune 500 customers, Akool empowers iconic brands including Amazon, Coca Cola, and General Mills to deliver one-of-a kind immersive experiences – just in time for the holidays SANTA CLARA, Calif., Nov. 30, 2023 /PRNewswire/ — Akool, the breakthrough Generative AI platform for personalized visual marketing and advertising, launched today setting an industry standard… Continue reading Akool’s Generative AI Platform Sets New Standard for Brand Engagement
ETAutoEVC: India may be the last one standing in ICE, says CV Raman of Maruti Suzuki
Addressing the inhibitors specific to India, Raman identified challenges such as low purchasing power, high congestion, pollution, and a significant import bill for crude oil. New Delhi: “The automotive industry’s contribution to Indian manufacturing will grow to about USD 2 trillion to USD 4 trillion by 2047 from about USD 0.2 trillion currently, said CV… Continue reading ETAutoEVC: India may be the last one standing in ICE, says CV Raman of Maruti Suzuki
ETAutoEVC: Bajaj Auto explores tie-ups as it readies Chetak for exports
Exports are the lifeline of Bajaj Auto, with half the top line and more than half of the company’s bottom line coming from exports’ proceeds. New Delhi: The iconic Chetak may soon be exported as Bajaj Auto is exploring the potential to sell this electric scooter in markets outside India. Executive Director Rakesh Sharma had… Continue reading ETAutoEVC: Bajaj Auto explores tie-ups as it readies Chetak for exports
Ford takes $1.7 billion profit hit from UAW strike
[1/3]Striking United Auto Workers members hold strike signs outside the Ford Motor Michigan Assembly Plant in Wayne, Michigan U.S., September 17, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Show more companies Nov 30 (Reuters) – Ford Motor (F.N) on Thursday pegged the cost of a new labor deal at $8.8 billion and joined rival General… Continue reading Ford takes $1.7 billion profit hit from UAW strike
@Ford: Ford Provides Guidance for Full-Year 2023 Operating Results; CFO Lawler Today Will Reiterate Ford+ is ‘Right Strategy to Win’
After withdrawing guidance amid UAW strike, Ford now expects full-year adjusted EBIT of $10.0 billion to $10.5 billion, adjusted free cash flow of between $5.0 billion and $5.5 billion Though affected U.S. operations have been restarted, guidance reflects effects of strike-related manufacturing disruptions on wholesales and revenue At Barclays event today, John Lawler will describe… Continue reading @Ford: Ford Provides Guidance for Full-Year 2023 Operating Results; CFO Lawler Today Will Reiterate Ford+ is ‘Right Strategy to Win’
@BMW: Jointly Pushing Forward Premium E-Mobility Experience: BMW and Mercedes-Benz to Establish a Joint High-Power Charging Network in China003130
Beijing. BMW Brilliance Automotive Ltd. and Mercedes-Benz Group China Ltd. announced today that they had reached an agreement to establish a 50:50 joint venture in China to operate a high-power charging network and to provide Chinese customers with premium charging services. Both BMW and Mercedes-Benz will apply the expertise gained from global and Chinese charging… Continue reading @BMW: Jointly Pushing Forward Premium E-Mobility Experience: BMW and Mercedes-Benz to Establish a Joint High-Power Charging Network in China003130