Tag: Financial Results

Adient plc (ADNT) Q4 2021 Earnings Call Transcript

CNW Group Lion Electric Announces Third Quarter 2021 Results The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the third quarter of fiscal year 2021, which ended on September 30, 2021. Lion reports its… Continue reading Adient plc (ADNT) Q4 2021 Earnings Call Transcript

Nio’s Path to Profitability Hits the Brakes

Motley Fool Nio’s Q3 Loss Beat Expectations. But Q4 Probably Won’t Chinese electric vehicle maker Nio (NYSE: NIO) reported a loss for the third quarter that was narrower than Wall Street had expected, on good sequential and year-over-year sales growth despite a series of manufacturing challenges. On an adjusted basis, excluding share-based compensation, Nio lost… Continue reading Nio’s Path to Profitability Hits the Brakes

Grab Reports Third Quarter 2021 Results

Gross Merchandise Value (“GMV”) reached a new quarterly record of $4.0 billion, up 32% year-over-year (“YoY”) in spite of a challenging operating environment Deliveries GMV grew 63% YoY; Grab expects a strong recovery in mobility heading into Q4 2021 Average spend per user [1] on Grab’s platform grew 43% YoY to hit a record high… Continue reading Grab Reports Third Quarter 2021 Results

Scania, Natixis, and Bonus announce $126M Financings in first Sustainable US Private Placements to finance Concessions for TransMilenio

NEW YORK and BOGOTA, Colombia, Nov. 10, 2021 /PRNewswire/ — Scania Colombia, Natixis, and Bonus today announced the completion of USD 126 million US Private Placements (“USPP”) to finance three separate concessions for the supply of clean transportation solutions for TransMilenio, the public transportation authority for the District of Bogota, Colombia. This marks the first… Continue reading Scania, Natixis, and Bonus announce $126M Financings in first Sustainable US Private Placements to finance Concessions for TransMilenio

@Daimler: 11. Nov 2021Daimler Truck is ready for stock market listing on December 10th – unlocking its full potential

Karin Rådström, responsible for the regions Europe and Latin America and the brand Mercedes-Benz, explained that – despite some extraordinary challenges for the industry – Mercedes-Benz is making good progress to drive the segment’s turnaround: Personnel cost reduction programs worth €280 million are already halfway through and the organization is becoming leaner by reducing the… Continue reading @Daimler: 11. Nov 2021Daimler Truck is ready for stock market listing on December 10th – unlocking its full potential

Grab’s Q3 net loss widens to $988m, revenue down by 9%

Singapore-headquartered ride-hailing and deliveries company Grab on Thursday said it has reported a net loss of $988 million in the third quarter of this year, up 59% from a net loss of $621 million in the same period last year, according to its report on the third-quarter earnings. The company said its Q3 losses widened… Continue reading Grab’s Q3 net loss widens to $988m, revenue down by 9%

EVs will cost equal to that of petrol vehicles in next 2 years: Gadkari

“We import 80 percent plus of our petrol and diesel requirements. We import petrol and diesel worth Rs 8 lakh crore. If we continue to depend on fossil fuels then in the next five years, our import bill will rise to Rs 25 lakh crore,” he said. The Central government is working on measures to… Continue reading EVs will cost equal to that of petrol vehicles in next 2 years: Gadkari

Apple supplier Foxconn buys Ohio EV factory for $230 mn

According to a statement from the companies, Foxconn acquired $50 million of common stock directly from Lordstown Motors at a price of about $6.90 per share after signing the agreement in September. Apple‘s largest manufacturing partner Foxconn is moving ahead with a plan to acquire a Lordstown Motors vehicle assembly plant in Ohio for $230… Continue reading Apple supplier Foxconn buys Ohio EV factory for $230 mn

@Hyundai: Kia pledges to become a ‘Sustainable Mobility Solutions Provider’ and unveils roadmap to achieve carbon neutrality by 2045

(Seoul) November 11, 2021 – Kia Corporation has set out its vision to become a truly sustainable, responsible, and innovative mobility solutions leader, announcing a commitment to achieve carbon neutrality by 2045. Kia announced its corporate vision at its ‘Kia Sustainability Movement’ virtual presentation on November 11. Kia’s vision to become a ‘Sustainable Mobility Solutions Provider’ reflects… Continue reading @Hyundai: Kia pledges to become a ‘Sustainable Mobility Solutions Provider’ and unveils roadmap to achieve carbon neutrality by 2045