Tag: Financial Results

Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

Shares of Meritor, Inc. MTOR have gained 9.9% in a day’s trading, following the first-quarter fiscal 2019 (ended Dec 31, 2018) earnings release. During the reported quarter, the company recorded adjusted earnings of 79 cents per share compared with 62 cents a year ago. The figure surpassed the Zacks Consensus Estimate of 60 cents. Adjusted… Continue reading Meritor (MTOR) Earnings Surpass Estimates in Q1, Rise Y/Y

Congestion pricing is the only way to fix our broken transportation system

Last week, Los Angeles’s Metro board, which oversees the second-largest transportation system in the country, discussed a proposal to charge drivers to use LA’s busiest and most traffic-clogged roads, a concept known as congestion pricing. One by one, the board members voiced their opposition to such a policy. “I am deeply concerned.” “It seems punitive.”… Continue reading Congestion pricing is the only way to fix our broken transportation system

Bringing Autonomous Vessels to Open Water: Velodyne Lidar Supports the Next Generation of AV Developers in Maritime RobotX Challenge

SAN JOSE, Calif.–(BUSINESS WIRE)–At the 2018 Maritime RobotX Challenge, Velodyne Lidar, Inc. contributed mentorship and lidar sensors to 15 university teams competing in an autonomous maritime competition. Held in Honolulu, Hawaii in December 2018, RobotX brought together teams from universities in the United States, Australia, China, Japan, Taiwan, and Singapore. Participating teams built their vessels… Continue reading Bringing Autonomous Vessels to Open Water: Velodyne Lidar Supports the Next Generation of AV Developers in Maritime RobotX Challenge

UPDATE 1-Scout24 rejects approach for car unit from Auto1 – sources

* Scout24 turned down approach by Auto1, sources say * Company previously turned down billion euro takover bid (Adds detail, background) FRANKFURT, Jan 30 (Reuters) – German online classifieds company Scout24 AG has rejected an expression of interest for one of its businesses from a rival, people close to the matter said. German used-car dealing… Continue reading UPDATE 1-Scout24 rejects approach for car unit from Auto1 – sources

Chinese EV carmaker NIO aims to raise $650 million via convertible bond

HONG KONG (Reuters) – Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million five-year convertible bond on Wednesday, aiming to use the proceeds to fund expansion. FILE PHOTO: A man is silhouetted in front of Nio cars at the auto show, in Shanghai, China April 20, 2017. REUTERS/Aly Song The… Continue reading Chinese EV carmaker NIO aims to raise $650 million via convertible bond

PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

PACCAR Inc.’s PCAR fourth-quarter 2018 earnings were $1.65 per share, surpassing the Zacks Consensus Estimate of $1.57. Results were aided by quality products and services, record heavy-duty truck market share in Europe, strong global truck markets, and solid aftermarket parts’ results. Earnings per share in the prior-year quarter were $1.67. Excluding the one-time tax benefits,… Continue reading PACCAR (PCAR) Q4 Earnings Surpass Estimates, Revenues Rise

Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

Harley-Davidson, Inc.’s HOG adjusted earnings per share broke even in fourth-quarter 2018, which missed the Zacks Consensus Estimate of 17 cents. In the prior-year quarter, the figure was 54 cents. The company’s net income was $0.5 million compared with $8.3 million registered a year ago. Revenues from the Motorcycle and Related Products segment declined 8.7%… Continue reading Harley-Davidson (HOG) Q4 Earnings and; Revenues Miss Estimates

SUVs hardest hit as used car values fall in January

Used car values dropped 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000. The drop was larger than the seasonal trend, where over the last five years the movement in Black Book Live for January was an average of -0.4%. A downward trend was seen for all mainstream sectors, but… Continue reading SUVs hardest hit as used car values fall in January

Opening round of the Intercontinental GT Challenge under a cloud of sadness for BMW Motorsport.

Munich. This weekend, the Intercontinental GT Challenge kicks off the new season with the Bathurst 12 Hour (AUS). In the thick of the action will be two BMW M6 GT3s, run by BMW Team Schnitzer and Walkenhorst Motorsport. In addition, the RHC-Jorgensen/Strom by Marc GT team will field the BMW M4 GT4 in Class B.… Continue reading Opening round of the Intercontinental GT Challenge under a cloud of sadness for BMW Motorsport.