BEIJING, July 28, 2023 /PRNewswire/ — This is a report from China Daily: China’s leading automaker FAW Group achieved a robust increase in vehicle exports in the first half of this year as it continues to expand its presence in the global market. Continue Reading The 55.77 millionth vehicle of FAW Group rolls off the… Continue reading FAW enjoys surging export sales in anniversary year
Tag: Strategy
This May Be The Best Way To Play The $700 Billion EV Boom
FN Media Group Presents Oilprice.com Market Commentary LONDON, July 28, 2023 /PRNewswire/ — Electric vehicle sales are set for a 35% year-on-year increase in 2023, with national policies and incentives providing further impetus for producers and consumers. So far, overall, this has been rewarding for investors. Companies mentioned in this release include: Tesla Inc. (NASDAQ:… Continue reading This May Be The Best Way To Play The $700 Billion EV Boom
REPT BATTERO expands Global Market for Wending 320Ah Cells with World’s First Triple TÜV Certificates
The Company Leads the Way in 320Ah Storage Cell Sector with World’s First Mass Production of Wending 320Ah Cells Starting in Q3 BEIJING, July 28, 2023 /PRNewswire/ — REPT BATTERO, a leading innovator in energy storage solutions, announces the acquirement of three prestigious international certificates from TÜV Rheinland, Germany, namely, UL 1973, UL 9540A, and… Continue reading REPT BATTERO expands Global Market for Wending 320Ah Cells with World’s First Triple TÜV Certificates
AMETEK Announces Record Second Quarter Results and Raises 2023 Guidance
BERWYN, Pa., Aug. 1, 2023 /PRNewswire/ — AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2023. AMETEK’s second quarter 2023 sales were a record $1.65 billion, a 9% increase over the second quarter of 2022, with organic sales growth of 5%. Operating income increased 15% to a… Continue reading AMETEK Announces Record Second Quarter Results and Raises 2023 Guidance
INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2023 RESULTS
Delivered strong Q2’23 financial performance with revenue and operating income margin meeting high end of outlook range Revenue of $1.06 billion increased 3% as reported, 11% net of Italy commercial services sale, driven by strong key performance indicators and player demand trends Operating income rose 10% to $251 million; 24% operating income margin up 150… Continue reading INTERNATIONAL GAME TECHNOLOGY PLC REPORTS SECOND QUARTER 2023 RESULTS
Lear Reports Improved Second Quarter 2023 Results
SOUTHFIELD, Mich., Aug. 1, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2023. Second Quarter 2023 Highlights Sales increased 18% to a record $6.0 billion, compared to $5.1 billion in the second quarter of 2022 Sales outperformed global industry production,… Continue reading Lear Reports Improved Second Quarter 2023 Results
Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results; Reiterates Full Year 2023 Guidance
Highlights Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. Net Income was $150 million, an increase of 127% versus the prior year quarter. Adjusted EBITDA was $453 million, an increase of 14% versus the prior year quarter. Earnings per Diluted Share were $0.49, an increase of 133% versus the… Continue reading Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results; Reiterates Full Year 2023 Guidance
Europa Wire: Continental UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing 000704
Continental’s UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing (IN BRIEF) Continental has commenced production of its most sustainable series tire, the UltraContact NXT, in Portugal. The summer tire incorporates up to 65 percent renewable, recycled, and certified materials, while maintaining excellent safety and performance. It contains bio-based silica from rice husks, recycled rubber,… Continue reading Europa Wire: Continental UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing 000704
CVC’s secondaries platform Glendower Capital raises $5.8b for fifth vehicleThe firm closed its fourth fund at $2.7 billion in 2019.
Glendower Capital, CVC’s secondaries platform, has hit the final close of its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V (SOF V), at $5.8 billion, according to a press statement. SOF V is the first fund closed since Glendower completed a strategic merger with CVC in 2022. Glendower operates in the… Continue reading CVC’s secondaries platform Glendower Capital raises $5.8b for fifth vehicleThe firm closed its fourth fund at $2.7 billion in 2019.
Toyota nearly doubles Q1 profit, China remains challenging
TOKYO, Aug 1 (Reuters) – Toyota (7203.T) nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen. “Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement… Continue reading Toyota nearly doubles Q1 profit, China remains challenging