Belgian materials and technology group Umicore said growth in revenue and earnings in 2020 will be lower than previous indications due to delays in the electric vehicle and energy storage markets.The company, one of the world’s largest cobalt refiners, expects earnings before interest and tax (EBIT) for 2019 to be 475-525 million euros ($534- $590 million) due to tough market conditions.
Tag: Financial Results
Postmates has launched in 1,000 new cities since December
Postmates is expanding like crazy ahead of an initial public offering expected later this year. The food delivery business has launched in 1,000 new cities since December, the company announced today. San Francisco-based Postmates now operates its on-demand delivery platform, powered by a network of local gig economy workers, in 3,500 cities across all 50… Continue reading Postmates has launched in 1,000 new cities since December
Financial Results (Fiscal Year Ended March 31, 2019)
Original Article
Allison Transmission Announces First Quarter 2019 Results
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN), the largest global provider of commercial duty fully-automatic transmissions, today reported net sales for the first quarter of $675 million, a 2 percent increase from the same period in 2018. The increase in net sales was principally driven by higher demand in the North America On-Highway and Outside… Continue reading Allison Transmission Announces First Quarter 2019 Results
Magna Continues to Expand in Morocco With New Mirrors Facility
Greenfield manufacturing plant being built in Kenitra, Morocco$11.3 million investment, 275 jobsStrategic growth to further support customers in the regionAURORA, Ontario, April 23, 2019 (GLOBE NEWSWIRE) — As the auto industry continues to develop in Morocco, Magna also continues to expand its footprint in the country. The company recently broke ground on construction of a… Continue reading Magna Continues to Expand in Morocco With New Mirrors Facility
Tower International to Announce First Quarter 2019 Financial Results
Tower International to Announce First Quarter 2019 Financial Results
LIVONIA, Mich., April 22, 2019 /PRNewswire/ — Tower International, Inc. (NYSE: TOWR), a leading manufacturer of engineered automotive structural metal components and assemblies, will report first quarter 2019 financial results before the market opens on Thursday, May 2, 2019, via PR Newswire. At 1:00 p.m. EDT on that date, a conference call is scheduled to discuss the results in further detail, as well as other related matters.
To participate in the conference call:
Domestic calls: (866) 393-4576
International calls: (706) 679-1462
Tower will provide a broadcast of the conference call for the general public via a live audio webcast. The conference call, along with the financial results release, presentation material and other supplemental information, can be accessed through Tower's Web site at www.towerinternational.com.
The audio replay will be available two hours following the call at:
Domestic calls: (855) 859-2056
International calls: (404) 537-3406
The audio replay will be available until June 1, 2019 (Conference I.D. 1508207).
Investor & Media Contact:
Derek Fiebig
(248) 675-6457
fiebig.derek@towerinternational.com
View original content:http://www.prnewswire.com/news-releases/tower-international-to-announce-first-quarter-2019-financial-results-300835718.html
SOURCE Tower International
Electric vehicle study sees opportunity for utilities
Utilities also were urged to consider offering consulting services, as well as software solutions to both consumer and commercial customers for energy and fleet management. Increasing demand for electric vehicles in the United States over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging… Continue reading Electric vehicle study sees opportunity for utilities
Financial Results (April-June 2018)
Original Article
Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2019 Second-Quarter Results
All Meritor offices will be closed July 4, 2018 in observation of the holiday.
UPDATE 4-Tesla says robotaxis coming next year, touts self-driving microchip
(Reuters) – Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some markets next year thanks to exponential improvements in technology. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson “Probably two years from now we’ll make a car with… Continue reading UPDATE 4-Tesla says robotaxis coming next year, touts self-driving microchip