LG Energy Solution Posts 2022 Earnings with Record-High Annual Revenue and Operating Profit

LGES marks KRW 25.6 trillion in consolidated revenue and KRW 1.2 trillion in operating profit in 2022 2023 goal set at 25-30 percent increase in annual revenue, with over 50 percent increase in capital expenditure The company to concentrate on four key initiatives to respond to the rising battery demands and effectively target the North… Continue reading LG Energy Solution Posts 2022 Earnings with Record-High Annual Revenue and Operating Profit

SG’s Right Choice Capital gets nod to acquire PH rural bank

Singapore-based financial services group Right Choice Capital Pte announced that it has received approval from the central bank of the Philippines to proceed with its acquisition of a rural bank in the country. Financial details of the acquisition were not disclosed. Right Choice said the deal to acquire Rural Bank of San Luis (Pampanga), a… Continue reading SG’s Right Choice Capital gets nod to acquire PH rural bank

Canoo Appoints Ken Manget Chief Financial Officer

JUSTIN, Texas, Jan. 26, 2023 /PRNewswire/ —  Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today named Ken Manget, Chief Financial Officer.  Reporting directly to Canoo Chairman and CEO, Tony Aquila, Manget will be responsible for Capital Markets, Investor Relations, Accounting & Financial Reporting. Ramesh Murthy, who served as interim CFO, will continue in… Continue reading Canoo Appoints Ken Manget Chief Financial Officer

@Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

Mercedes‑Benz DRIVE PILOT self-certified in state of Nevada for SAE Level 3 conditionally automated driving DRIVE PILOT available in the U.S. for model year 2024 S‑Class and EQS Sedan models, with the first cars delivered to customers in the second half of 2023 Mercedes‑Benz is the world’s first automotive company to bring SAE Level 3[1] conditionally automated… Continue reading @Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

@Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

Mercedes‑Benz DRIVE PILOT self-certified in state of Nevada for SAE Level 3 conditionally automated driving DRIVE PILOT available in the U.S. for model year 2024 S‑Class and EQS Sedan models, with the first cars delivered to customers in the second half of 2023 Mercedes‑Benz is the world’s first automotive company to bring SAE Level 3[1] conditionally automated… Continue reading @Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

@Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

Mercedes‑Benz DRIVE PILOT self-certified in state of Nevada for SAE Level 3 conditionally automated driving DRIVE PILOT available in the U.S. for model year 2024 S‑Class and EQS Sedan models, with the first cars delivered to customers in the second half of 2023 Mercedes‑Benz is the world’s first automotive company to bring SAE Level 3[1] conditionally automated… Continue reading @Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

@Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

Mercedes‑Benz DRIVE PILOT self-certified in state of Nevada for SAE Level 3 conditionally automated driving DRIVE PILOT available in the U.S. for model year 2024 S‑Class and EQS Sedan models, with the first cars delivered to customers in the second half of 2023 Mercedes‑Benz is the world’s first automotive company to bring SAE Level 3[1] conditionally automated… Continue reading @Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

@Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

Mercedes‑Benz DRIVE PILOT self-certified in state of Nevada for SAE Level 3 conditionally automated driving DRIVE PILOT available in the U.S. for model year 2024 S‑Class and EQS Sedan models, with the first cars delivered to customers in the second half of 2023 Mercedes‑Benz is the world’s first automotive company to bring SAE Level 3[1] conditionally automated… Continue reading @Daimler: Mercedes-Benz world’s first automotive company to certify SAE Level 3 system for U.S. market

AutoNation Completes the Acquisition of RepairSmith

Leading automotive retailer and #1 public dealer group, according to Reputation, completes acquisition of RepairSmith Acquisition accelerates commitment to being the nation’s most comprehensive transportation solutions provider FORT LAUDERDALE, Fla., Jan. 26, 2023 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), America’s most admired automotive retailer, today announced it has completed the acquisition of RepairSmith, a full-service… Continue reading AutoNation Completes the Acquisition of RepairSmith

Toyota cracks amid electric vehicle movement, CEO replaced by Lexus chief

Toyota CEO Akio Toyoda, who has been leading the company since the global financial crisis, is stepping down amid mounting pressure as the industry moves to electric vehicles. Toyoda, the 66-year-old grandson of the company’s founder has been one of the most outspoken critics of going all in on electric vehicles despite the rest of… Continue reading Toyota cracks amid electric vehicle movement, CEO replaced by Lexus chief