Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) increases the guidance corridor for the EBIT margin of the Automotive Segment from between 7% and 9% to between 9.5% and 10.5% for the financial year 2021. Additionally, the guidance corridor for the Return on Equity for the Financial Services Segment is revised from between 17% and 20%… Continue reading @BMW: Ad-hoc announcement: BMW AG raises earnings guidance for the financial year 2021001486
Tag: Financial Results
Honda to enter satellite launch business by 2030
TOKYO — Honda Motor will launch a test rocket by 2030 as it looks to enter the small satellite launch business, the Japanese car company announced Thursday, applying combustion-engine and other automotive technologies to new areas, even as the car industry shifts to electric vehicles. The satellite launch business is heating up and includes startups… Continue reading Honda to enter satellite launch business by 2030
Adient closes previously announced transactions, strategically transforming its business in China
– Company ends Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture with partner Yanfeng Automotive Trim Systems Ltd. (YF) – Adient acquires YFAS’s 50% equity interest in Chongqing Yanfeng Adient Automotive Components Co., Ltd. (CQYFAS) and 100% equity interest in Yanfeng Adient (Langfang) Seating Co., Ltd. (YFASLF) from YFAS – Transactions will enable Adient to… Continue reading Adient closes previously announced transactions, strategically transforming its business in China
ALYI On Track To Realize $2 M Revenue Target By Year End 2021 From First EV Sales
DALLAS, Sept. 30, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced production is now underway to begin fulfillment on an order for 2,000 electric motorcycles to go into service in Kenya as motorcycle taxis or boda-bodas. ALYI management believes the production is on track for the company to realize its recently announced $2… Continue reading ALYI On Track To Realize $2 M Revenue Target By Year End 2021 From First EV Sales
@GM: General Motors’ New Ultifi Platform Reimagines What it Means to Own a Vehicle September 29, 2021
Strategy is part of GM’s pursuit to grow revenue beyond vehicle sales and earn customer loyalty for a lifetime DETROIT – Today, General Motors announced Ultifi, its end-to-end software platform designed to unlock new vehicle experiences and connect customers’ digital lives. Ultifi will help enable the frequent and seamless delivery of software-defined features, apps and… Continue reading @GM: General Motors’ New Ultifi Platform Reimagines What it Means to Own a Vehicle September 29, 2021
@BMW: A PROPHECY FULFILLED, A PROMISE KEPT, A REMARKABLE UNDERTAKING UNDERWAY. ROLLS-ROYCE MOTOR CARS ANNOUNCES FIRST FULLY ELECTRIC CAR001480
CEO, Torsten Müller-Ötvös, announces Rolls-Royce’s first fully electric car Finished product will come to market in Q4 2023 New product named ‘Spectre’ Electric Rolls-Royce fulfils the 1900 prophecy of the marque’s founder, Charles Rolls A promise kept by CEO, who pledged to bring an electric car to market this decade Global testing will cover 2.5… Continue reading @BMW: A PROPHECY FULFILLED, A PROMISE KEPT, A REMARKABLE UNDERTAKING UNDERWAY. ROLLS-ROYCE MOTOR CARS ANNOUNCES FIRST FULLY ELECTRIC CAR001480
Ridecell Joins BlackBerry IVY Ecosystem, Bringing AI-Powered Fleet Automation & NEMO ADAS Data Platform
WATERLOO, ON and SAN FRANCISCO, Sept. 29, 2021 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB and Ridecell Inc. today announced a collaboration to bring a next generation fleet operations and ADAS data platform to automotive OEMs via the BlackBerry IVY™ intelligent vehicle data platform. Ridecell chose BlackBerry because of the company’s position as a leading embedded software partner for… Continue reading Ridecell Joins BlackBerry IVY Ecosystem, Bringing AI-Powered Fleet Automation & NEMO ADAS Data Platform
Chinese battery maker CATL to acquire Canada’s Millennial Lithium …
Canada’s Millennial Lithium Corp said late Tuesday Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) has agreed to buy the miner for C$376.8 million ($297.3 million), after outbidding compatriot Ganfeng Lithium. CATL had proposed an offer of C$3.85 per share in cash earlier this month, Argentina-focused Millennial Lithium said, outbidding the C$3.60 per share offer made in… Continue reading Chinese battery maker CATL to acquire Canada’s Millennial Lithium …
China Evergrande to sell $1.5b stake in Shengjing Bank to state firm
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake in Shengjing Bank Co Ltd to a state-owned asset management company. Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the… Continue reading China Evergrande to sell $1.5b stake in Shengjing Bank to state firm
@Toyota: Toyota Missouri Assembles Essential Components for Vehicles in the U.S.
Cylinder heads are a vital component to every vehicle that Toyota assembles. Cylinder heads are like the lungs of engine. They’re key to controlling air flow in and out of the cylinders and fuel deployment. Toyota Motor Manufacturing, Missouri (TMMMO) uses recycled aluminum to build thousands of cylinder heads per day. Nearly 1,000 employees make… Continue reading @Toyota: Toyota Missouri Assembles Essential Components for Vehicles in the U.S.