MAUMEE, Ohio, May 10, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), has priced its offering of €425 million aggregate principal amount of 8.500% Senior Notes due 2031 (the “2031 Notes”). The 2031 Notes will be fully and unconditionally guaranteed by Dana. Dana… Continue reading Dana Prices €425 Million Senior Notes Offering
Tag: Strategy
HYZON MOTORS ANNOUNCES APPOINTMENT OF ANDREA FARACE TO BOARD OF DIRECTORS
Farace is an accomplished executive and leader with a long career in finance and general business management. He gained more than 40 years of financial services experience in Mergers and Acquisition, Investment Banking, Corporate Banking, Treasury and Transaction Services, Retail and Consumer Finance, and Fintech, with over 20 years in global leadership roles at Citigroup.… Continue reading HYZON MOTORS ANNOUNCES APPOINTMENT OF ANDREA FARACE TO BOARD OF DIRECTORS
@VW Group: Porsche posts strong start in anniversary year007190
03/05/2023 Porsche AG has posted a highly successful start to its first year after going public. In the first three months, both Group sales revenue and Group operating profit rose by more than a quarter. Sales revenue rose by 25.5 per cent over the same period last year to 10.10 billion euros (previous year: 8.04… Continue reading @VW Group: Porsche posts strong start in anniversary year007190
@VW Group: The Principle—no Job half-done007188
Just establishing values is not enough. You have to live them. That is often easier in family businesses with a rich tradition. They are the businesses whose formulas often sound amazingly simple, feel timeless and become “classics.” Just like Dutch building company Ten Brinke, established in 1902 as a local construction business: “My father taught… Continue reading @VW Group: The Principle—no Job half-done007188
@VW Group: FIA WEC: Porsche Penske Motorsport with best-placed LMDh prototype at Spa007186
The race The second racing car fielded by the works team had to retire shortly before the first driver change due to an electrical fault. The Hertz Team Jota squad brought the first customer-run Porsche 963 over the finish line in sixth place. In the GTE-Am class, Proton Competition came fourth with the Porsche 911… Continue reading @VW Group: FIA WEC: Porsche Penske Motorsport with best-placed LMDh prototype at Spa007186
German FAZ: Without a combustion engine on the burner 005867
Smoke signals: The fuel cell generates steam for the photo. Image: Boris Schmidt The truck will also be electric. Daimler Truck is working flat out on the transformation. There are two, actually even three tracks, in order to be prepared for all developments. The electric car is playing an increasingly important role in the new… Continue reading German FAZ: Without a combustion engine on the burner 005867
FLEX REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS
SAN JOSE, Calif., May 10, 2023 /PRNewswire/ — Flex (NASDAQ: FLEX) today announced results for its fourth quarter and fiscal year ended March 31, 2023. Fourth Quarter Fiscal Year 2023 Highlights: Net Sales: $7.5 billion GAAP Operating Income: $266 million Adjusted Operating Income: $364 million GAAP Net Income attributable to Flex Ltd.: $142 million Adjusted Net Income… Continue reading FLEX REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS
Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2023
NEWPORT, R.I., May 10, 2023 /PRNewswire/ — Pangaea Logistics Solutions Ltd. (“Pangaea” or the “Company”) (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended March 31, 2023. FIRST QUARTER 2023 RESULTS(As compared to the first Quarter 2022) Net income attributable to Pangaea of $3.5 million, or $0.08… Continue reading Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2023
@Toyota: Toyota Tsusho Launches Japan’s First Continuous Supply of Biofuel for Ships on a Commercial Basis
Machinery, Energy & Project 2023-05-10 Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that, together with Group company Toyotsu Energy Corporation (“Toyotsu Energy”), it launched Japan’s first continuous supply of biodiesel blended fuel (“biofuel”) on a commercial basis (“this supply”) to ships operated by Toyofuji Shipping Co., Ltd. (“Toyofuji Shipping”) at the Port of Nagoya in… Continue reading @Toyota: Toyota Tsusho Launches Japan’s First Continuous Supply of Biofuel for Ships on a Commercial Basis
nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’
nShift identified as a Notable Vendor in the report. The European TMS market is forecast to grow at a five-year CAGR of 5.3%, with a forecast spend through 2026 of $485 million. LONDON, May 9, 2023 /PRNewswire/ — Gartner, a company delivering actionable, objective insight to executives and their teams has named nShift as a… Continue reading nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’