Dealerships could be leaving revenue on the table by mispricing as much as of three-fifths of their stock. According to digitalisation specialist Real Time Communications (RTC), in collaboration with Auto Trader, the average retailer misprices approximately 60% of their vehicle stock, compared against national figures. This stock tended to be under-priced by £300-£350 per vehicle. For… Continue reading Dealers could be missing out on revenue by mispricing stock
Tag: Financial Results
HGV market declines -8.4% in Q3 2021
UK HGV market declines -8.4% in the third quarter, with 7,715 vehicles registered. New truck registrations down on subdued Q3 2020 and -9.8% on a particularly weak Q3 pre-pandemic 2019. 27,272 trucks registered in the first three quarters of the year, down -24.3% on pre-pandemic 2019. SEE HGV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND… Continue reading HGV market declines -8.4% in Q3 2021
@Toyota: Collaborative Autonomy for the Farm: Our Portfolio Company Burro is Hiring
In this critical role, you will lead Burro’s engineering team in shipping technology on time, while interfacing with customers and the sales and support team. Reporting to Burro’s chief technology officer, you will collaborate on developing and executing the technical vision for Burro. You are expected to manage and grow the team by fostering a… Continue reading @Toyota: Collaborative Autonomy for the Farm: Our Portfolio Company Burro is Hiring
Faurecia will hold 79.5% of Hella and will be able to implement strategy for accelerating value creation as from Day 1 after closing
Nanterre (France), November 16, 2021 FINAL RESULTS OF FAURECIA TAKEOVER OFFER FOR HELLA FAURECIA WILL HOLD 79.5% OF HELLA AND WILL BE ABLE TO IMPLEMENT STRATEGY FOR ACCELERATING VALUE CREATION AS FROM DAY 1 AFTER CLOSING The additional acceptance period for the voluntary public takeover offer launched on 27 September 2021 by Faurecia for Hella… Continue reading Faurecia will hold 79.5% of Hella and will be able to implement strategy for accelerating value creation as from Day 1 after closing
Senmiao Technology Reports Fiscal 2022 Second Quarter Financial Results
CHENGDU, China, Nov. 16, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal 2022 second quarter ended September 30, 2021. Fiscal 2022 Second Quarter… Continue reading Senmiao Technology Reports Fiscal 2022 Second Quarter Financial Results
Carketa Raises $6M Venture Series Seed Funding
PLEASANT GROVE, Utah, Nov. 16, 2021 /PRNewswire/ — Carketa, the Utah-based developer of SaaS applications for the automotive industry, announced it closed a $6M Series Seed Financing led by Origin Ventures and Crosslink Capital with additional funding from Hack VC, Lancaster, and I2BF. Carketa’s mission is to help independent and franchise automotive dealers optimize every aspect… Continue reading Carketa Raises $6M Venture Series Seed Funding
Autos & TransportationJPMorgan sues Tesla for $162 mln over warrants, Musk tweets8:02 AM UTC
NEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to… Continue reading Autos & TransportationJPMorgan sues Tesla for $162 mln over warrants, Musk tweets8:02 AM UTC
Canoo advances manufacturing dates for electric vehicles
Electric vehicle company Canoo Inc has advanced its U.S. manufacturing timeline to begin production before the fourth quarter next year, and would expand to more locations apart from its Oklahoma facility, it said on Monday. In June, Canoo said it would set up a plant in Pryor, Oklahoma, to assemble the pod-shaped vans it calls… Continue reading Canoo advances manufacturing dates for electric vehicles
JPMorgan sues Tesla for $162 million related to warrants, Musk tweet
NEW YORK, Nov 15 (Reuters) – JPMorgan Chase & Co (JPM.N) on Monday sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract related to stock warrants after its share price soared. According to the complaint filed in Manhattan federal court, Tesla in 2014 sold warrants to… Continue reading JPMorgan sues Tesla for $162 million related to warrants, Musk tweet
19:04 ETDana Prices $350 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its offering of $350 m…
MAUMEE, Ohio, Nov. 15, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its offering of $350 million aggregate principal amount of 4.500% Senior Notes due 2032. The company intends to use the net proceeds from the offering, together with cash on hand, to repay $349 million in outstanding borrowings under… Continue reading 19:04 ETDana Prices $350 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its offering of $350 m…