Q2 revenue reached 15.6213 trillion won and operating profit 472.6 billion won Shipbuilding, construction equipment and electric power device units achieving solid earnings HD Korea Shipbuilding & Offshore Engineering’s revenue at 5.4536 trillion won, up 30.2% YoY H2 earnings expected to stay stable following acceleration of profit improvement in shipbuilding unit and improved oil refining market… Continue reading HD Hyundai Records 30.8953 trillion won Revenue and 1.006 trillion won Operating Profit in H1
Tag: Strategy
German Handelsblatt: Car company: Mercedes earns almost 7.7 billion euros – but sales in China are shrinking007344
Mehr Optimismus in Stuttgart Ola Källenius, Vorstandsvorsitzender von Mercedes-Benz Group AG, setzt die Jahresziele seines Unternehmens hoch. (Foto: dpa) Strikte Kostendisziplin und boomende Nobeltransporter beflügeln das Geschäft von Mercedes-Benz. Der Stuttgarter Autobauer konnte seinen Reingewinn im ersten Halbjahr auf 7,7 Milliarden Euro steigern. Das entspricht einem Plus von 13 Prozent im Vergleich zum Vorjahr. Der Umsatz… Continue reading German Handelsblatt: Car company: Mercedes earns almost 7.7 billion euros – but sales in China are shrinking007344
Stellantis posts strong growth, sets new records in revenues and profit in H1 2023
Stellantis continues to deliver value across multiple dimensions, posting strong growth and setting new records in net revenues, AOI and net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 brands. As per the company, it registered net revenues of 98.4 billion euros, up 12% compared to H1… Continue reading Stellantis posts strong growth, sets new records in revenues and profit in H1 2023
EVE Energy SVP Alexander Holden Reveals Half-Year Business Processes for 2023
HUIZHOU, China, July 24, 2023 /PRNewswire/ — Alexander Holden, the Senior Vice President of the International OEM Department at EVE Energy (SHE: 300014), a leading lithium-ion battery manufacturer, revealed that the Company will place great importance on expanding its presence in global markets to better serve their international customers by planning green battery factories in Europe and… Continue reading EVE Energy SVP Alexander Holden Reveals Half-Year Business Processes for 2023
Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion
Group14 accelerates its strategy to build silicon battery technology infrastructure in Europe to support its automotive customers and partners Acquisition of Schmid Silicon, Europe’s most technologically advanced silane manufacturer, sets up Group14 to provide for a more secure silicon battery supply chain As Group14 establishes operations in Europe, the company plans to open its first… Continue reading Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion
GTCR to Acquire Once For All from Warburg Pincus
Investment to accelerate growth behind leading compliance and supply chain management software provider CHICAGO, July 24, 2023 /PRNewswire/ — GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Once For All (the “Company”), a leading compliance and supply chain management software provider, from Warburg Pincus. Financial terms of… Continue reading GTCR to Acquire Once For All from Warburg Pincus
Bahamas to Enter Agreements with Kingdom of Saudi Arabia
NASSAU, Bahamas, July 21, 2023 /PRNewswire/ — The Honourable I. Chester Cooper, Bahamas Deputy Prime Minister and Minister of Tourism, Investments & Aviation is leading a delegation of tourism officials to the Kingdom of Saudi Arabia for three days of meetings culminating in the signing of a multi-million-dollar contract with the Saudi Fund for Development… Continue reading Bahamas to Enter Agreements with Kingdom of Saudi Arabia
Waymo pushes back its self-driving truck efforts to focus on ride hailing
The company wants robotaxis to become successful first. Don’t expect to see many Waymo-powered autonomous big rigs in the near future. Waymo now plans to “push back” its driverless trucking efforts and shift its attention toward its One ride-hailing service. The move will help the company concentrate on making these self-driving taxis a “commercial success,”… Continue reading Waymo pushes back its self-driving truck efforts to focus on ride hailing
X tells advertisers to spend $1,000 per month or risk losing verification status
Musk says it’s to prevent scammers from creating millions of accounts. Amid its rebranding to X, Twitter is reportedly hardballing advertisers in an effort to increase its bottom line. Reports earlier this month suggested that Twitter’s revenue had dropped by a staggering 50 percent. The company’s latest strategy to increase revenue, according to The Wall… Continue reading X tells advertisers to spend $1,000 per month or risk losing verification status
LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023
LGES posts quarterly revenue of KRW 8.774 trillion, operating profit of KRW 461 billion in the second quarter of 2023 The company records strong first half-year performance by strengthening competitiveness amid growing EV demands in the U.S. market LGES aims for over mid-30 percent annual revenue growth despite market uncertainties, with solid product competitiveness and diverse… Continue reading LG Energy Solution Records Steady Gains in 2Q, Increases Revenue Guidance for 2023