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
Tag: Strategy
Upgrade Acquires Uplift for $100 Million in Cash and Stock
Acquisition Will Make Travel More Accessible and Affordable for Millions of Consumers SAN FRANCISCO, July 27, 2023 /PRNewswire/ — Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the acquisition of Uplift, Inc., the leading provider of Buy Now Pay Later (BNPL) payment… Continue reading Upgrade Acquires Uplift for $100 Million in Cash and Stock
Autohome Inc. Announces Unaudited 2023 Second Quarter and Interim Financial Results
BEIJING, July 27, 2023 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and six months ended June 30, 2023. Second Quarter 2023 Highlights[1] Net Revenues in the second quarter of 2023 were RMB1,833.0 million (US$252.8… Continue reading Autohome Inc. Announces Unaudited 2023 Second Quarter and Interim Financial Results
German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
Ola Källenius The Mercedes boss is pushing ahead with his electric strategy despite setbacks. (Photo: Bloomberg) The Stuttgart car manufacturer Mercedes-Benz wants to invest even more money in the development and production of electric cars. “We are increasing the stakes,” says CEO Ola Källenius in an interview with the Handelsblatt. The Swedish-German manager is reacting… Continue reading German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
Ola Källenius The Mercedes boss is pushing ahead with his electric strategy despite setbacks. (Photo: Bloomberg) The Stuttgart car manufacturer Mercedes-Benz wants to invest even more money in the development and production of electric cars. “We are increasing the stakes,” says CEO Ola Källenius in an interview with the Handelsblatt. The Swedish-German manager is reacting… Continue reading German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
E-car offensive: VW and Audi join forces with Chinese manufacturers
The Volkswagen Group is expanding its e-mobility strategy for the Chinese market through cooperation with the local manufacturers Xpeng and Saic. (VW, automobile) Go to Source
Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
HÄMEENLINNA, Finland, July 27, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its growth strategy and will open a new flagship showroom in the Lakalaiva area in Tampere, Finland in late spring 2024. The new megastore with app. 400 cars will be opened in a completely new building that… Continue reading Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
Rising Vehicle Volumes Pressure Auto Transport System
The transport industry is still operating with significantly fewer carriers than in pre-COVID times. Photo: F. Muhammad Earlier this month, during the quarterly Manheim Used Vehicle Value Index call, I had the opportunity to provide an update on Cox Automotive’s role in the vehicle logistics industry – as well as the trends we’re seeing. Within… Continue reading Rising Vehicle Volumes Pressure Auto Transport System
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