BLOOMFIELD HILLS, Mich., Feb. 17, 2023 /PRNewswire/ — Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, today announced that its Board of Directors delegated to management $250 million in authority to repurchase the Company’s outstanding securities. This repurchase authority is… Continue reading PENSKE AUTOMOTIVE GROUP ANNOUNCES ADDITIONAL SECURITIES REPURCHASE AUTHORITY OF $250 MILLION
Tag: Strategy
Unmanned combat aerial vehicle (UCAV) market to grow at a CAGR of 6.74% by 2027: Emergence of long-range spy combat drones to be a leading trend – Technavio
NEW YORK, Feb. 17, 2023 /PRNewswire/ — According to Technavio, the global unmanned combat aerial vehicle (UCAV) market size is estimated to grow by USD 1,061.1 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.74%. Moreover, the growth momentum will accelerate. North America will account for 33% of… Continue reading Unmanned combat aerial vehicle (UCAV) market to grow at a CAGR of 6.74% by 2027: Emergence of long-range spy combat drones to be a leading trend – Technavio
Volvo Construction Equipment invests in battery pack production at excavator plant
GOTHENBURG, Sweden, Feb. 17, 2023 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling once again its ambition to drive industry transformation with sustainable solutions. The Changwon plant in South Korea specializes in the production of excavators and is the biggest… Continue reading Volvo Construction Equipment invests in battery pack production at excavator plant
German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006262
Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006262
German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006262
Mercedes-Benz plant in Tuscaloosa For car manufacturer Mercedes, pure sales are no longer so important. (Photo: Mercedes-Benz AG) After 2021, BMW sold more cars last year than its direct competitors Mercedes and Audi. In 2022, the Munich car manufacturer was able to sell a total of 2.4 million vehicles worldwide. Without the BMW brands Mini… Continue reading German Handelsblatt: Auto industry: Luxury strategy of BMW, Audi and Mercedes is reaching its limits006262
@Daimler: Mercedes-Benz delivers strong full year results in 2022
Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion) Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz… Continue reading @Daimler: Mercedes-Benz delivers strong full year results in 2022
@Daimler: Mercedes-Benz delivers strong full year results in 2022
Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion) Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz… Continue reading @Daimler: Mercedes-Benz delivers strong full year results in 2022
@Daimler: Mercedes-Benz delivers strong full year results in 2022
Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion) Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz… Continue reading @Daimler: Mercedes-Benz delivers strong full year results in 2022
@Daimler: Mercedes-Benz delivers strong full year results in 2022
Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion) Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz… Continue reading @Daimler: Mercedes-Benz delivers strong full year results in 2022
@Daimler: Mercedes-Benz delivers strong full year results in 2022
Profitable growth: Group EBIT substantially improved by 28% to €20.5 billion (2021: €16.0 billion) as revenue increased by 12% to €150.0 billion (2021: €133.9 billion) Resilient operations: Mercedes-Benz Cars adjusted Return on Sales (RoS) reaches 14.6% (2021: 13.1%), 11.2% for Mercedes-Benz Vans (2021: 8.3%), and an adjusted Return on Equity (RoE) of 16.8% for Mercedes-Benz… Continue reading @Daimler: Mercedes-Benz delivers strong full year results in 2022