Cargo Services Far East Limited and CS International (Seafreight) Limited file lawsuit against EV Cargo Global Forwarding GmBH HONG KONG, July 26, 2023 /PRNewswire/ — Mr. John Lau Shek Yau (“John Lau or Mr. Lau”), founder of Cargo Services Group as well as JL Enterprises, began legal dispute and litigation proceedings against Heath Brian Zarin… Continue reading John Lau takes legal action against Heath Zarin, EV Cornerstone
Tag: Strategy
H World Announces Preliminary Q2 Operating Results
RevPAR Recovers To 121% Of The 2019 Level HONG KONG, July 26, 2023 /PRNewswire/ — H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its preliminary results for hotel operations in the second quarter ended 30 June 2023 (“Q2 2023”). As of 30 June 2023, H World operates 8,750 hotels with… Continue reading H World Announces Preliminary Q2 Operating Results
@Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong Appeal of Ford Pro to commercial customers produces 22% revenue growth; EBIT more than doubles to $2.4 billion, a 15% margin; software, repair services sales up Ford Blue gas and hybrid business… Continue reading @Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
@Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong Appeal of Ford Pro to commercial customers produces 22% revenue growth; EBIT more than doubles to $2.4 billion, a 15% margin; software, repair services sales up Ford Blue gas and hybrid business… Continue reading @Ford: Ford Pro, Ford Blue Drive Solid Second-Quarter Results; Company Raises Expectations for Full-Year 2023 Profitability
Lithium Scarcity Pushes Carmakers Into the Mining Business
Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. They are showing up in hard hats and steel-toed boots to scope out mines in places like Chile, Argentina, Quebec and Nevada to secure supplies… Continue reading Lithium Scarcity Pushes Carmakers Into the Mining Business
GDIT Awarded $320 Million in Consular Services Task Orders by the Department of State
Company to continue delivering U.S. visa support services in South America FALLS CHURCH, Va., July 27, 2023 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded two recompete task orders totaling $320 million by the U.S. Department of State’s Bureau of Consular Affairs to… Continue reading GDIT Awarded $320 Million in Consular Services Task Orders by the Department of State
Europa Wire: Global Factory Service Specialist Leadec Expands in Western France with New Packaging Handling Center000702
Global Factory Service Specialist Leadec Expands in Western France with New Packaging Handling Center (IN BRIEF) Leadec, a global service specialist for factories, has established a new company in Saint-Barthélemy-d’Anjou, Western France. The company has rented a factory building of over 12,000 m2 to create a packaging handling center for a commercial vehicle manufacturer. The… Continue reading Europa Wire: Global Factory Service Specialist Leadec Expands in Western France with New Packaging Handling Center000702
Ford raises full-year guidance after solid earnings beat
Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles even as adoption of EVs took hold slower than the… Continue reading Ford raises full-year guidance after solid earnings beat
New R&D hub in Shanghai signals BMW’s China ambitions
BMW’s new research and development center in Shanghai has been put into operation. [PHOTO/CHINA DAILY] BMW Group opened a new research and development facility in Shanghai last week. It is expected to assist the German premium carmaker’s localization strategy in the world’s largest vehicle market. China is home to BMW’s largest R&D system outside of… Continue reading New R&D hub in Shanghai signals BMW’s China ambitions
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July 27 (Reuters) – T-Mobile US (TMUS.O) topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. The U.S. wireless carrier has been taking the lion’s share of subscribers in the last three quarters, thanks to its… Continue reading Untitled