Tag: Financial Results

Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show

Brussels, 24 April 2019 – New data released today shows that motor vehicle taxation brings in €428 billion per year to governments in the EU-15 countries alone. This figure – up 3.5% compared with the previous year – represents more than two and a half times the total EU budget. The European Automobile Manufacturers’ Association… Continue reading Press Releases – €428 billion in taxes generated by motor vehicles in EU-15, new figures show

Adding to Ghosn woes, Nissan set to further slash profit outlook: report

TOKYO (Reuters) – Nissan Motor Co Ltd could be heading for a bigger-than-expected earnings drop due to weakness in its top markets, just as it adjusts to a future without Carlos Ghosn and grapples with the outlook of its alliance with France’s Renault SA. FILE PHOTO: A Nissan logo is pictured during the media day… Continue reading Adding to Ghosn woes, Nissan set to further slash profit outlook: report

Belgium’s Umicore warns on lower earnings growth in 2020

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.

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

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