SOUTHFIELD, Mich., Aug. 1, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2023. Second Quarter 2023 Highlights Sales increased 18% to a record $6.0 billion, compared to $5.1 billion in the second quarter of 2022 Sales outperformed global industry production,… Continue reading Lear Reports Improved Second Quarter 2023 Results
Tag: Strategy
Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results; Reiterates Full Year 2023 Guidance
Highlights Net Sales were $2,392 million, an increase of 1% versus the prior year quarter. Net Income was $150 million, an increase of 127% versus the prior year quarter. Adjusted EBITDA was $453 million, an increase of 14% versus the prior year quarter. Earnings per Diluted Share were $0.49, an increase of 133% versus the… Continue reading Graphic Packaging Holding Company Reports Second Quarter 2023 Financial Results; Reiterates Full Year 2023 Guidance
Europa Wire: Continental UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing 000704
Continental’s UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing (IN BRIEF) Continental has commenced production of its most sustainable series tire, the UltraContact NXT, in Portugal. The summer tire incorporates up to 65 percent renewable, recycled, and certified materials, while maintaining excellent safety and performance. It contains bio-based silica from rice husks, recycled rubber,… Continue reading Europa Wire: Continental UltraContact NXT: Leading the Way in Sustainable Tire Manufacturing 000704
CVC’s secondaries platform Glendower Capital raises $5.8b for fifth vehicleThe firm closed its fourth fund at $2.7 billion in 2019.
Glendower Capital, CVC’s secondaries platform, has hit the final close of its fifth global secondary private equity fund, Glendower Capital Secondary Opportunities Fund V (SOF V), at $5.8 billion, according to a press statement. SOF V is the first fund closed since Glendower completed a strategic merger with CVC in 2022. Glendower operates in the… Continue reading CVC’s secondaries platform Glendower Capital raises $5.8b for fifth vehicleThe firm closed its fourth fund at $2.7 billion in 2019.
Toyota nearly doubles Q1 profit, China remains challenging
TOKYO, Aug 1 (Reuters) – Toyota (7203.T) nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen. “Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement… Continue reading Toyota nearly doubles Q1 profit, China remains challenging
@AML: Result of Equity Issue000503
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN… Continue reading @AML: Result of Equity Issue000503
@Geely: Tue 01 Aug 2023New Lotus London flagship store opens in Mayfair 1 | 4 | 0 Lotus has today opened the doors to its first flagship Euro…
Lotus’ first flagship European brand centre opens to showcase the brand’s latest cars and lifestyle products This marks a major milestone for Lotus as it transforms to a global performance brand London, UK – 1 August 2023 Lotus has today opened the doors to its first flagship European global brand centre in Mayfair, London. Lotus… Continue reading @Geely: Tue 01 Aug 2023New Lotus London flagship store opens in Mayfair 1 | 4 | 0 Lotus has today opened the doors to its first flagship Euro…
CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 1, 2023 /PRNewswire/ –The report “CNG, RNG, and Hydrogen Tanks Market by Gas Type (CNG, RNG, Hydrogen), Material Type (Metal, Carbon Fiber, Glass Fiber), Tank Type (Type 1, Type 2, Type 3, Type 4), Application (Fuel, Transportation), and Region – Global Forecasts to 2030″, is estimated at USD 2.5 billion in 2022 and is… Continue reading CNG, RNG, and Hydrogen Tanks Market worth $5.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
Argenbright Group announces industry stalwarts as new strategic advisors for its UK and European businesses
Former Tesco Chairman John Allan, CBE, and Former Commissioner of London Metropolitan Police, Lord John Stevens of Kirkwhelpington, to lend their expertise and experience as Argenbright expands its business LONDON, Aug. 1, 2023 /PRNewswire/ — The Argenbright Group is announcing two key appointments to support the company’s UK and European growth. Former Tesco Chairman John Allan,… Continue reading Argenbright Group announces industry stalwarts as new strategic advisors for its UK and European businesses
Chris Thompson Announces Retirement as President and CEO of Brand USA
WASHINGTON, July 31, 2023 /PRNewswire/ — Brand USA, the destination marketing organization for the United States, announces the impending retirement of Chris Thompson as President and CEO, effective May 31, 2024. After a successful tenure of leading the organization, Thompson has decided to step down and pursue life beyond work. Continue Reading Chris Thompson, president… Continue reading Chris Thompson Announces Retirement as President and CEO of Brand USA