SAN FRANCISCO, May 10 (Reuters) – Rivian Automotive Inc (RIVN.O) is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells, its CEO said, a bold move that may be necessary if the startup wants to make a profit. And one some see as… Continue reading EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
Tag: Strategy
nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’
nShift identified as a Notable Vendor in the report. The European TMS market is forecast to grow at a five-year CAGR of 5.3%, with a forecast spend through 2026 of $485 million. LONDON, May 9, 2023 /PRNewswire/ — Gartner, a company delivering actionable, objective insight to executives and their teams has named nShift as a… Continue reading nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’
TransDigm Group Reports Fiscal 2023 Second Quarter Results
CLEVELAND, May 9, 2023 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the second quarter ended April 1, 2023. Second quarter highlights include: Net sales of $1,592 million, up 20% from $1,327 million in the prior year’s quarter; Income from continuing… Continue reading TransDigm Group Reports Fiscal 2023 Second Quarter Results
Sweden’s Green Cargo Taps DXC Technology for Data-Driven Rail Logistics
6-year contract renewal helps rail operator meet targets for improved efficiency, customer service, and sustainability DXC implements Rail Cargo Management Solution for Green Cargo’s Nordic Transport Rail group STOCKHOLM, May 9, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced it has extended its contract with Swedish… Continue reading Sweden’s Green Cargo Taps DXC Technology for Data-Driven Rail Logistics
The Automotive Telematics Market Is Expected To Grow Due To Its Rising Application In Vehicles To Improve Safety – By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 LONDON, May 9, 2023 /PRNewswire/ — As per The Business Research Company’s Automotive Telematics Global Market Report 2023, the increasing concerns about vehicle safety will drive the growth of the automotive… Continue reading The Automotive Telematics Market Is Expected To Grow Due To Its Rising Application In Vehicles To Improve Safety – By The Business Research Company
Elliott Sends Letter and Presentation to the Board of Goodyear
Calls for Enhanced Leadership & Oversight, Monetization of Retail Stores and Operational Review Sees $21 per Share Value-Creation Opportunity, 179% Upside to Current Share Price Full Letter and Presentation Available at AcceleratingGT.com WEST PALM BEACH, Fla., May 11, 2023 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), which manages funds that have an investment representing an approximately 10%… Continue reading Elliott Sends Letter and Presentation to the Board of Goodyear
CPKC launches Mexico Midwest Express premium intermodal service
New single-line haul delivers fastest service in the market CALGARY, AB, May 11, 2023 /PRNewswire/ – Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today launched the Mexico Midwest Express (MMX) Series premium intermodal service bringing customers the first truck-competitive, single-line rail service option between the Midwest and Mexico. As the only dedicated intermodal… Continue reading CPKC launches Mexico Midwest Express premium intermodal service
TuSimple Receives Delisting Notice from Nasdaq and Announces Appointment of New Auditor
SAN DIEGO, May 11, 2023 /PRNewswire/ — TuSimple (Nasdaq: TSP) today announced that on May 5, 2023, TuSimple Holdings Inc. (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company not having timely filed its Quarterly Report on Form 10-Q for the period… Continue reading TuSimple Receives Delisting Notice from Nasdaq and Announces Appointment of New Auditor
Pricol reiterates use of legal and financial measures against Minda Corp’s “hostile takeover” attempt
Coimbatore-headquartered Pricol Ltd (Pricol) has reiterated its use of all possible legal and financial means to maintain control over the company and prevent what it believes is a ‘hostile takeover attempt’ by Minda Corporation. The Indian automotive industry was in for a surprise, with Minda Corporation’s recent decision to acquire a 15.7% stake worth Rs… Continue reading Pricol reiterates use of legal and financial measures against Minda Corp’s “hostile takeover” attempt
Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu
Hyundai Motor India (HMI) has revealed its extensive long-term investment strategy in the state of Tamil Nadu. The Chennai-based Korean car maker aims to expand its presence in electric vehicles and enhance vehicle platforms by allocating Rs 20,000 crore over a phased 10-year period from 2023 to 2032. The Memorandum of Understanding (MoU) was officially… Continue reading Hyundai Motor India to invest Rs 20,000 crore to develop EV ecosystem in Tamil Nadu