InMotion Ventures has participated in a £1.2m pre-seed round for semiconductor startup ChipFlow. The round was led by Fontinalis Partners, with participation from Fuel Ventures, and APX. Sam Nasrolahi, Principal at InMotion Ventures, explores why we invested The market An over reliance on third-party chip design houses has impacted the pace of semiconductor innovation. Resource… Continue reading @Tata-JLR: Why we invested in ChipFlow, the startup reimagining semiconductor design through open-source tools
Tag: Strategy
@BMW: Statement Walter Mertl Member of the Board of Management of BMW AG, Finance Conference Call Half-Year Report to 30 June 2023002887
Ladies and Gentlemen, Good Morning! Slide 2: BMW Group Half-Year Report to 30 June 2023. I am very pleased to be able to present the BMW Group’s quarterly results to you for the first time today. Slide 3: Highlights of BMW Group Performance in Q2 and H1 In the second quarter of 2023, the BMW… Continue reading @BMW: Statement Walter Mertl Member of the Board of Management of BMW AG, Finance Conference Call Half-Year Report to 30 June 2023002887
Wyndham and LuxUrban Ink Deal to Expand Trademark Collection Portfolio in the U.S.
16 LuxUrban hotels across New York, Washington D.C., Miami, New Orleans and Los Angeles to join Wyndham’s Trademark Collection, with the opportunity for additional hotels to join thereafter LuxUrban will continue to manage hotels as they join the industry’s #1 hotel rewards program and leverage Wyndham’s best-in-class sales, marketing, technology and distribution platform PARSIPPANY, N.J. and MIAMI, Aug. 3, 2023 /PRNewswire/ —… Continue reading Wyndham and LuxUrban Ink Deal to Expand Trademark Collection Portfolio in the U.S.
CARS Reports Second Quarter 2023 Results
Delivered Second Quarter Guidance Achieved 6% ARPD and 5% Traffic Year-Over-Year Growth Generated $56 Million of Year-To-Date Cash Flow From Operations CHICAGO, Aug. 3, 2023 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“CARS” or the “Company”), the leading digital automotive platform that provides a robust set of digital solutions, today released its financial results for the… Continue reading CARS Reports Second Quarter 2023 Results
Gogo Introduces AVANCE LX5 for Easy L5 Upgrade to Gogo 5G Connectivity
BROOMFIELD, Colo., Aug. 3, 2023 /PRNewswire/ — Gogo Business Aviation (NASDAQ: GOGO) today introduced AVANCE LX5, a value-priced and easy box swap for AVANCE L5 owners to upgrade to Gogo 5G that eliminates the need to install a second Line Replaceable Unit (LRU) on their aircraft. “The new 5G AVANCE system is evidence of our… Continue reading Gogo Introduces AVANCE LX5 for Easy L5 Upgrade to Gogo 5G Connectivity
Timken Reports Strong Second-Quarter 2023 Results
Record sales of $1.27 billion, up 10 percent from last year Second-quarter EPS of $1.73; adjusted EPS of $2.01 Net income margin of 9.8 percent; adjusted EBITDA margin of 20.7 percent Repurchased 1.3 million shares during the quarter Updates 2023 outlook; now expects 2023 EPS of $5.70-$6.10, with adjusted EPS of $6.90-$7.30 NORTH CANTON,… Continue reading Timken Reports Strong Second-Quarter 2023 Results
ProLogium Welcomes the Green Light Given By the European Commission for Public Grant for Its Gigafactory Project in Dunkirk
PARIS, Aug. 3, 2023 /PRNewswire/ — ProLogium, an energy innovation company specializing in the R&D and manufacturing of next-generation EV solid-state battery solutions has selected France as the location for its first large-scale solid-state battery manufacturing plant outside Asia. Today, the European Commission greenlights a substantial grant to support ProLogium’s scale-up project in Europe, highlighting ProLogium’s… Continue reading ProLogium Welcomes the Green Light Given By the European Commission for Public Grant for Its Gigafactory Project in Dunkirk
Europa Wire: ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges000707
ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges (IN BRIEF) During the first half of 2023, ZF reported sales of €23.3 billion, a 10 percent increase from the previous year. The company’s adjusted EBIT reached €941 million, maintaining an EBIT margin of 4.0 percent. Despite challenges from inflation and… Continue reading Europa Wire: ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges000707
Temasek to invest $145m in M&M’s EV unit for up to 3% stakeMahindra Electric Automobile Limited (MEAL) has been valued at $9.8b in the deal.
Mahindra & Mahindra on Thursday said Singaporean state investor Temasek Holdings will invest up to Rs 1,200 crore ($145.02 million) in its EV business at a valuation of Rs 80,580 crores ($9.8 billion). Temasek will take a 1.49% to 2.97% stake in MEAL (Mahindra Electric Automobile Limited), the four-wheeler passenger electric vehicles company. Temasek will join… Continue reading Temasek to invest $145m in M&M’s EV unit for up to 3% stakeMahindra Electric Automobile Limited (MEAL) has been valued at $9.8b in the deal.
U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Prime Minister of Mongolia met and held a press conference with Vice-President Harris today as part of his first official visit to the United States Direct flights between the two countries planned to commence in 2024 Mongolia and the U.S. signing agreements this week to strengthen their bilateral relationship ULAANBAATAR, Mongolia, Aug. 2, 2023 /PRNewswire/… Continue reading U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024