Munich/Glasgow. It is a commitment born of tradition and responsibility: The BMW Group has attended every UN climate summit since 2008. At this year’s COP 26 in Glasgow, the company once again sees itself as a provider of innovative mobility solutions in the fight against climate change. The BMW Group brought along the BMW i… Continue reading @BMW: BMW Group at COP 26 UN Climate Summit in Glasgow: “No more waiting. No more clever tactics. It’s time to act. Now!”001571
Tag: Financial Results
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Lyft reports adjusted profitability again as revenue per rider rises
Lyft reported Tuesday its second consecutive quarter of adjusted profitability as riders returned to the U.S. ride-hailing company’s service. The ride-hailing service, which competes with Uber in the ride-hailing business, reported revenues of $864.4 million in the third quarter, a 73% pop from the $499.7 million in the same year-ago period. Analysts expected revenue of… Continue reading Lyft reports adjusted profitability again as revenue per rider rises
Ineos reveals third loss-making year in effort to make Land Rover rival
Automotive industry Ineos reveals third loss-making year in effort to make Land Rover rival James Ratcliffe’s car company may have spent well over £650m on offroader project Jim Ratcliffe, the billionaire founder of Ineos, with his Grenadier prototype. Photograph: Chris Riefenberg Jim Ratcliffe, the billionaire founder of Ineos, with his Grenadier prototype. Photograph: Chris Riefenberg… Continue reading Ineos reveals third loss-making year in effort to make Land Rover rival
AutoNation gobbles up used cars to turn profit amid chip crisis – The Detroit News
This content is only available to subscribers. $1 for 6 Months Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you most. Exclusive… Continue reading AutoNation gobbles up used cars to turn profit amid chip crisis – The Detroit News
@VW Group: Volkswagen to invest some €1 billion by 2026 – South America region to be geared to sustained profitability004156
Despite the continuing challenges of the corona pandemic and the worldwide semiconductor shortage, Volkswagen expects to report a positive result in Latin America for the first time since 2013. Volkswagen is to invest some €1 billion over the next five years to further strengthen its competitive situation in this important market and be geared to… Continue reading @VW Group: Volkswagen to invest some €1 billion by 2026 – South America region to be geared to sustained profitability004156
Martinrea International Inc. Reports Third-Quarter Results, Declares Dividend, and Expresses Confidence in 2023 Outlook
TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2021 and declared a quarterly… Continue reading Martinrea International Inc. Reports Third-Quarter Results, Declares Dividend, and Expresses Confidence in 2023 Outlook
Aptiv PLC (APTV) Q3 2021 Earnings Call Transcript
Motley Fool Here’s Why Shares of Moderna, Novavax, and Ocugen Have All Been Extremely Volatile This Week Shares of COVID-19 vaccine companies Moderna (NASDAQ: MRNA), Novavax (NASDAQ: NVAX), and Ocugen (NASDAQ: OCGN) have all posted wild price fluctuations through Thursday’s closing bell this week, according to data from S&P Global Market Intelligence. Specifically, Moderna’s stock has… Continue reading Aptiv PLC (APTV) Q3 2021 Earnings Call Transcript
Lime raises $523M as it prepares to go public
Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company’s path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its… Continue reading Lime raises $523M as it prepares to go public
Lucid Opens Studio Location in Washington, D.C. Metro Area
“Opening at one of the largest malls in the nation, which is also located in a strong electric vehicle market, will provide excellent exposure for the Lucid Air and help us to further our mission to inspire the adoption of sustainable energy.” said Zak Edson, Senior Director, Sales and Service, Lucid Group. The Lucid Studio… Continue reading Lucid Opens Studio Location in Washington, D.C. Metro Area