Philippine-listed fast-food giant Jollibee Foods Corporation (JFC) has approved a 3.9 billion pesos ($77 million) investment to create the country’s first and largest industrial real estate investment trust (REIT) in partnership with realty major DoubleDragon. In a disclosure to the Philippine Stock Exchange Friday, Jollibee said that it, together with its wholly-owned subsidiary Zenith Foods… Continue reading Jollibee investing $77m in IPO-bound industrial REIT CentralHub
Tag: Financial Results
ExOne and Maxxwell Motors 3D print unique copper windings for electric motors
Nominations for the 2021 3D Printing Industry Awards are now open, tell us who is leading the industry now. Binder jet 3D printer manufacturer ExOne has teamed up with Tennessee-based start-up Maxxwell Motors to develop a unique 3D printed copper e-winding design for the latter’s axial flux electric motors. The motors are used in electric vehicles (EVs)… Continue reading ExOne and Maxxwell Motors 3D print unique copper windings for electric motors
DDC Ranks on Inc. 5000 Fastest-Growing Companies for Second Consecutive Year
DDC, most well-known for its data-based, goal-driven solutions, including freight billing, customs brokerage processing, and IT outsourcing – has experienced continued growth despite the challenges of 2020. “It’s an honor to be recognized as one of the fastest-growing companies in the nation two years in a row,” said Art Zipkin, company President and Chief Commercial… Continue reading DDC Ranks on Inc. 5000 Fastest-Growing Companies for Second Consecutive Year
Cango Inc. Announces Up to US$50 Million New Share Repurchase Program
SHANGHAI, Aug. 19, 2021 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that its board of directors has authorized a new share repurchase program (the “New Share Repurchase Program”) under which the Company may repurchase up to US$50 million worth of its outstanding (i)… Continue reading Cango Inc. Announces Up to US$50 Million New Share Repurchase Program
Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results
SHANGHAI, Aug. 19, 2021 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced its unaudited financial results for the second quarter of 2021. Second Quarter 2021 Financial and Operational Highlights Total revenues were RMB946.7 million (US$146.6 million), a 245.5% increase from RMB274.1 million in the… Continue reading Cango Inc. Reports Second Quarter 2021 Unaudited Financial Results
Workers at Mexico GM plant end contract, oust union in vote
Mexico City — Workers at a General Motors plant in Mexico have voted to end a collective bargaining contract negotiated by an old guard union accused of intimidation tactics in earlier votes. It was an early display of the effectiveness of labor mechanisms negotiated under the U.S.-Mexico-Canada Trade Agreement. Nearly 6,000 workers at the GM plant… Continue reading Workers at Mexico GM plant end contract, oust union in vote
Ford halts F-150 production in Missouri, while GM pauses EV assembly
Ford Motor Co. will halt F-150 pickup truck production next week at its Kansas City Assembly Plant in Missouri and General Motors Co. is halting assembly of its all-electric Chevrolet Bolt because of the continuing global semiconductor shortage. The scarcity of microchips used in consumer electronics, including vehicles’ assisted driving functions, emissions controls, infotainment and more,… Continue reading Ford halts F-150 production in Missouri, while GM pauses EV assembly
The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
Motorola has a new version of its $700 Edge smartphone, bringing better cameras, a more modern processor, and an updated design. As with last year’s Edge, the new model doesn’t quite offer the best hardware Android has to offer, with a Snapdragon 778 5G processor, 6GB RAM and 128GB storage, or 8GB RAM / 256GB… Continue reading The new Motorola Edge gets a 108-megapixel camera but ditches the edge display
Global Commercial Vehicle Telematics Market Report 2021: Market to Reach $37.3 Billion by 2027 – Aftermarket Telematics Emerges Over the Horizon to Compete With OEM Embedded Telematics
DUBLIN, Aug. 19, 2021 /PRNewswire/ — The “Commercial Vehicle Telematics – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering. Global Commercial Vehicle Telematics Market to Reach $37.3 Billion by 2027 Amid the COVID-19 crisis, the global market for Commercial Vehicle Telematics estimated at US$10.4 Billion in the year 2020, is projected… Continue reading Global Commercial Vehicle Telematics Market Report 2021: Market to Reach $37.3 Billion by 2027 – Aftermarket Telematics Emerges Over the Horizon to Compete With OEM Embedded Telematics
China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources
Smartphone maker Xiaomi has been ramping up investments in EV suppliers after it unveiled its EV ambition with an investment of $10 billion in March, following its peers from Apple Inc to Huawei Technologies Co as they bet on more cars becoming battery-powered and smart. HONG KONG/SHANGHAI: Embattled Chinese property developer Evergrande Group is in… Continue reading China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources