(Reuters) – Uber Technologies Inc (UBER.N) fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following a six-month restriction since the ride-hailing company’s initial public offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah… Continue reading Uber shares fall to record low as stock lock-up expires
Tag: Financial Results
£60m investment to transform Michelin site
Dundee’s Michelin site has received a £60m funding commitment to turn the former plant into an innovation centre. The new centre will focus on sustainable mobility, clean transport and low carbon energy. Tyre manufacturer Michelin told the factory’s workers last year that it would close the plant with the loss of all 845 jobs in… Continue reading £60m investment to transform Michelin site
November 5Suzuki Announces Financial Results for FY2019 Second Quarter (April 2019 to September 2019)
5 November 2019 Suzuki Announces Financial Results for FY2019 Second Quarter(April 2019 to September 2019) – Decreased net sales and income owing to the impact of decrease in Japan production due to restructuring of final inspection structure, as well as slowdown in the Indian automobile market 1. Outline of Financial Results for FY2019 Second Quarter… Continue reading November 5Suzuki Announces Financial Results for FY2019 Second Quarter (April 2019 to September 2019)
Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019
Ladies and Gentlemen, Good morning! In the first nine months of the year, business development has so far met our expectations. In the third quarter, all segments are on course for growth, as planned. As expected, our financial figures have improved from quarter to quarter throughout the year. In a challenging and extremely volatile business… Continue reading Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Report to 30 September 2019
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019
Good morning, Ladies and Gentlemen! In recent years, much has been written about how car manufacturers need to change their business model. What people don’t talk about enough is the fact that the real transformation is taking place in the vehicle itself. That is where the real challenge lies. The car is a highly complex… Continue reading Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019
Cars.com Reports Third Quarter 2019 Results
CHICAGO, Nov. 6, 2019 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended September 30, 2019. Q3 Financial Highlights Revenue of $152.1 million, down $17.2 million, or 10%, year-over-year, in line with expectations Non-cash… Continue reading Cars.com Reports Third Quarter 2019 Results
BMW sticks with outlook for profit drop even as quarterly sales rise
Automaker forecasts ‘significant decrease’ in annual earnings Go to Source
Mitsubishi Motors slashes full-year profit forecast on slowing car sales
FILE PHOTO: The logo of Mitsubishi Motors Corp is seen at a showroom of the company’s headquarters in Tokyo, Japan November 26, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Mitsubishi Motors Corp (7211.T) on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a… Continue reading Mitsubishi Motors slashes full-year profit forecast on slowing car sales
Senegal’s NIMA Codes to launch address app in 15 African countries
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
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