Updated On Jul 27, 2023 at 06:54 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Sona Comstar had an EBITDA of INR 203 crore with a margin of 27.8% and 43% YoY growth. New Delhi: Sona BLW Precision Forgings Ltd. (Sona Comstar), Sona Comstar today announced its financial results for Q2… Continue reading Sona Comstar Q2 2023 PAT up 48% to INR 112 cr
Tag: Strategy
LML Emotion appoints Vinay Piparsania to advisory board
With over three decades of global experience with leading auto OEMs and brands, Piparsania brings a wealth of expertise that will be instrumental in driving the company’s strategic vision. New Delhi: LML Emotion Pvt. Ltd (LML), a growing electric vehicle and mobility player in the country, has appointed Vinay Piparsania to its advisory board. With… Continue reading LML Emotion appoints Vinay Piparsania to advisory board
Press release – H1 2023 Results
Sales of 11.2 billion euros, up by 19% Valeo’s leadership position consolidated in both areas of innovation: ADAS (up 26% LFL(1)) and powertrain electrification (up 108% LFL) Original equipment sales up 19 % LFL on an adjusted basis(2) (up 26% in Q2) Outperformance versus automotive production of 8 pts LFL on an adjusted basis (10… Continue reading Press release – H1 2023 Results
Waymo: Commitment to trucks is being scaled back
Waymo plans to scale back truck automation while focusing more on the ride-hailing service business. Six years after Waymo first tested its autonomous vehicle system in heavy-duty trucks, the company is rolling back the program. The company stressed that the decision was driven by commercial considerations. Robot taxis have always been a central part of… Continue reading Waymo: Commitment to trucks is being scaled back
XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
XUZHOU, China, July 27, 2023 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425) has officially signed a long-term strategic cooperation agreement with IBM and a memorandum of strategic cooperation with SAP lately to push forward the intelligent and digital transformation of the group to further elevate its competitive advantages in the global market and build a world-class… Continue reading XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
Hanwha Aerospace Selected as Preferred Bidder for Land 400 Phase 3 by Australian Army
SEOUL, South Korea, July 27, 2023 /PRNewswire/ — Hanwha Aerospace announced today that its subsidiary, Hanwha Defense Australia(HDA), has been selected as the preferred bidder for the Land 400 Phase 3 Infantry Fighting Vehicle (IFV) program with the Redback IFV. This program includes 129 vehicles across two variants and will be delivered under an accelerated… Continue reading Hanwha Aerospace Selected as Preferred Bidder for Land 400 Phase 3 by Australian Army
Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
HÄMEENLINNA, Finland, July 27, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its growth strategy and will open a new flagship showroom in the Lakalaiva area in Tampere, Finland in late spring 2024. The new megastore with app. 400 cars will be opened in a completely new building that… Continue reading Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
India Digest: Cipla mulls stake sale; Brookfield in talks to buy Mumbai projectThe promoters currently own a 33.47 % stake in Cipla.
Indian pharmaceutical major Cipla is exploring a stake sale to private equity majors including Blackstone and Baring Asia, MoneyControl reported. Meanwhile, Canada-based alternative investment manager Brookfield is reportedly in advanced talks to close a real estate transaction. Cipla mulls stake sale to PE majors Pharmaceutical major Cipla is exploring a stake sale to private equity… Continue reading India Digest: Cipla mulls stake sale; Brookfield in talks to buy Mumbai projectThe promoters currently own a 33.47 % stake in Cipla.
Western car makers look to slash EV costs to fight Chinese onslaught
Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was aiming to slash production costs for its electric models by 40%. Finance chief Thierry Pieton said the best way to fend off price competition was for Renault to cut its own development and… Continue reading Western car makers look to slash EV costs to fight Chinese onslaught
What’s in the Offing for BorgWarner (BWA) in Q2 Earnings?
BorgWarner BWA is slated to release second-quarter 2023 results on Aug 2 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $1.13 and $4.35 billion, respectively. For the second quarter, the consensus estimate for BWA’s earnings per share has moved south by a cent in… Continue reading What’s in the Offing for BorgWarner (BWA) in Q2 Earnings?