Senegalese startup NIMA Codes — a digital mapping service for locations without formal addresses — has upgraded its app and plans to go live in 15 African countries in 2020. The pre-seed stage startup launched in 2018 around an API that uses mobile-phone numbers to catalog coordinates for unregistered homes and businesses in Senegal. NIMA… Continue reading Senegal’s NIMA Codes to launch address app in 15 African countries
Tag: Financial Results
BMW Group increases deliveries, revenues and earnings
Munich. The BMW Group recorded growth in deliveries, revenues and earnings in the third quarter and is therefore well on its way to achieving its targets for 2019. Group net profit increased at a double-digit percentage rate, helped to some extent by a base effect from the previous year’s reported figures. Moreover, profitability has continued… Continue reading BMW Group increases deliveries, revenues and earnings
Analysis: The numbers behind the FCA-PSA merger
The FCA-PSA tie-up gathers 15 brands under the same roof The agreed merger between Fiat Chrysler Automobiles and the PSA Group will create the world’s fourth-largest car company based on sales. The two European firms last week announced their intention to create a new entity owned 50/50 between the two but led by PSA’s CEO, Carlos Tavares. PSA will… Continue reading Analysis: The numbers behind the FCA-PSA merger
Subaru Corporation Announces Consolidated Financial Results for the First Half of FYE2020
Tokyo, November 6, 2019 – Subaru Corporation today announced its consolidated financial results for the first half of fiscal year ending March 31, 2020. < Results for April-September 2019: Consolidated Revenue >Consolidated global unit sales of Subaru vehicles increased 4.1% to 504,000 units.Overseas unit sales rose 4.5% to 436,000 units due mainly to growth in… Continue reading Subaru Corporation Announces Consolidated Financial Results for the First Half of FYE2020
Dana Launches $300 Million Senior Notes Offering
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to market conditions, a registered offering of $300 million aggregate principal amount of senior unsecured notes due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in… Continue reading Dana Launches $300 Million Senior Notes Offering
Dana Prices $300 Million in Senior Notes Offering
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its previously announced offering of senior unsecured notes of $300 million at 5.375% due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in the company’s previously… Continue reading Dana Prices $300 Million in Senior Notes Offering
Tesla is still in need of a manufacturing license in China, hopes to get it by end of the year
Tesla appears to be stuck in “trial production” at Gigafactory 3 in Shanghai as it still needs a manufacturing license to officially start production in China, according to Tesla chairman Robyn Denholm. The start of production is going to be a major milestone since it’s going to be the first electric vehicle factory wholly owned… Continue reading Tesla is still in need of a manufacturing license in China, hopes to get it by end of the year
Dealers see a rise in online inquiries as consent rates increase
UK car dealers experienced a pronounced rise in online inquiries during Q3 of 2019. Marketing Delivery reports that more than 162,000 inbound online inquiries received by car retailers throughout the UK, a 20% increase in total enquiry volumes compared to Q3 2018. Email remains customers’ most preferred method of contact, and capture rates on email… Continue reading Dealers see a rise in online inquiries as consent rates increase
UPDATE 1-Tesla settles with Walmart over solar panel installations, fires
FILE PHOTO: A sign is seen outside the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar panels and roof tiles in Buffalo, New York, U.S., August 2, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Walmart Inc has settled its lawsuit accusing Tesla Inc of… Continue reading UPDATE 1-Tesla settles with Walmart over solar panel installations, fires
NIO Inc. Announces Strategic Collaboration with Mobileye to Bring Level 4 Autonomous Driving Vehicles to Consumers in China and Beyond
SHANGHAI, China, Nov. 05, 2019 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced a strategic collaboration with Mobileye, the global leader in the development of vision technology for Advanced Driver Assistance Systems (ADAS) and autonomous driving, and an Intel company, on the… Continue reading NIO Inc. Announces Strategic Collaboration with Mobileye to Bring Level 4 Autonomous Driving Vehicles to Consumers in China and Beyond