Ford Motor reported a solid profit in the first quarter, although the automaker indicated that its turnaround was not complete and that it had a ways to go before it starts making money on electric vehicles. On Tuesday, the company said it made $1.8 billion in profit in the first three months of 2023 as… Continue reading Ford Reports $1.8 Billion Profit in Quarter
Tag: Strategy
Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Tesla’s profit fell sharply in the first three months of the year after it cut the prices of its electric vehicles, the company said on Wednesday. The carmaker, led by Elon Musk, said it had made $2.5 billion in the first quarter, a drop from $3.7 billion in the last three months of last year… Continue reading Tesla’s Profit Dropped Sharply in First Quarter as It Cut Prices
Richard Stephenson appointed as Global Airlines Board Director and Chief Commercial Officer
Former UK CAA Director takes on instrumental role to launch airline Stephenson will deputise for CEO, James Asquith, and lead commercial and operational development LONDON, June 1, 2023 /PRNewswire/ — Global Airlines, the world’s newest long-haul airline, has announced the appointment of Richard Stephenson OBE as a board director and chief commercial officer. Stephenson, who… Continue reading Richard Stephenson appointed as Global Airlines Board Director and Chief Commercial Officer
Group 1 Automotive Expands Brand Footprint in Houston Metro Market – Acquires Kia Dealership with Expected Annual Revenues of $85 Million
HOUSTON, June 1, 2023 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI) (“Group 1” or the “Company”), an international, Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced the acquisition of Beck & Masten Kia. The dealership is located in the Houston metropolitan area and expands the Company’s footprint to 15… Continue reading Group 1 Automotive Expands Brand Footprint in Houston Metro Market – Acquires Kia Dealership with Expected Annual Revenues of $85 Million
@Nissan: Nissan announces senior management appointments001069
June 1, 2023 YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced the following senior management appointments to strengthen its leadership team to support the accelerated progress of the company’s long-term vision, Nissan Ambition 2030. The following senior management changes will be effective July 1, 2023. Jose Roman, currently corporate vice president (CVP), president and… Continue reading @Nissan: Nissan announces senior management appointments001069
NIKOLA CEO ANSWERS STOCKHOLDER QUESTIONS AND ADDRESSES FUTURE IN FIRESIDE CHAT
Capital-intensive business requires tough decisions, focus on streamlining and increasing positive momentum PHOENIX, June 1, 2023 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, hosted a fireside chat with Nikola President and CEO, Michael Lohscheller, with questions submitted by NKLA stockholders. The… Continue reading NIKOLA CEO ANSWERS STOCKHOLDER QUESTIONS AND ADDRESSES FUTURE IN FIRESIDE CHAT
Life Flight Network’s newest 24-hour critical care transport base to be located on Good Shepherd Health Care System campus in Hermiston, Oregon
Strategic partnership to enhance patient care and access to critical medical services AURORA, Ore., June 1, 2023 /PRNewswire/ — Life Flight Network, the region’s leading air medical transport service, and Good Shepherd Health Care System (GSHCS), a renowned healthcare organization committed to providing exceptional patient care, are thrilled to announce that Life Flight Network’s new… Continue reading Life Flight Network’s newest 24-hour critical care transport base to be located on Good Shepherd Health Care System campus in Hermiston, Oregon
Genuine Parts Company Announces New Board Member
Darren Rebelez Named to Board of Directors ATLANTA , June 1, 2023 /PRNewswire/ — Genuine Parts Company (NYSE: GPC) announced today that its Board of Directors appointed Darren Rebelez as a new independent director of the company. Continue Reading Darren Rebelez Named to Genuine Parts Company’s Board of Directors Mr. Rebelez is the President and Chief… Continue reading Genuine Parts Company Announces New Board Member
Holcim Alpena Cement Plant Opens New Tire-Derived Fuel Facility
Facility will co-process approximately 2.2 million automobile tires annually to fuel 10% of plant operations with alternative fuel Michigan Governor Gretchen Whitmer praises Holcim’s “growing, continued investment” in the state CHICAGO, June 1, 2023 /PRNewswire/ — The Holcim Alpena plant (formerly Lafarge) in Michigan is celebrating the opening of its new whole-tire, co-processing facility –… Continue reading Holcim Alpena Cement Plant Opens New Tire-Derived Fuel Facility
@VW Group: Lamborghini Revuelto: The Origin of the Species007327
The birth of the first Lamborghini V12 hybrid plug-in recounted by Chief Marketing and Sales Officer Federico Foschini Sant’Agata Bolognese, June 01, 2023 – On March 29, Lamborghini unveiled the Revuelto[1], the first super sports V12 plug-in hybrid HPEV. Federico Foschini, Chief Marketing and Sales Officer at Automobili Lamborghini, takes us behind the scenes of… Continue reading @VW Group: Lamborghini Revuelto: The Origin of the Species007327