General Motors is taking aggressive steps to get tens of thousands of vehicles awaiting parts to consumers quickly and the automaker is remodeling its supply chain to protect the company from future economic or supply challenges. GM CFO Paul Jacobson said Tuesday that the automaker is “trying to be very cautious, but not alarming, in terms of what we… Continue reading GM CFO says supply plan will keep auto production going even in a downturn
Tag: Strategy
@Daimler: Production of the Mercedes-AMG ONE customer vehicles has started
The hypercar with Formula 1 technology goes into exclusive small-series production Only 275 units will be built in total, and job#1 of the exclusive production of the Mercedes‑AMG ONE hypercar (fuel consumption weighted, combined: 8.7 l/100 km; combined weighted CO2 emissions: 198 g/km; combined weighted electrical consumption: 32 kWh/100 km)[1] has now begun. The first customer vehicles… Continue reading @Daimler: Production of the Mercedes-AMG ONE customer vehicles has started
@GM: SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units
SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units 2022-08-09 SHANGHAI – SAIC-GM-Wuling (SGMW) announced yesterday that its cumulative electric vehicle sales in China have exceeded 1 million units. Since 2017, SGMW has introduced eight EV models in China, from the earliest Baojun E100 to the best-selling Wuling Hong Guang MINIEV. The latter has been the… Continue reading @GM: SAIC-GM-Wuling’s EV Sales in China Exceed 1 Million Units
BMW hedges its EV bet, appears poised to repeat mistakes of the past
For a while, it seemed like BMW had turned a corner with its EV strategy. Its i4 and iX have received stellar reviews, and this spring the company announced an all-electric platform, the Neue Klasse, which it said will underpin EV versions of the 3-series sedan and the X3 crossover starting in 2025. The company… Continue reading BMW hedges its EV bet, appears poised to repeat mistakes of the past
INSPIRED REPORTS SECOND QUARTER 2022 RESULTS
Revenue increased 72% to $71.3 million from $41.5 million in prior year Virtual Sports Revenue increased 71% year-over-year to a record quarterly level – $14.0 million Net Income increased to $7.5 million, or $0.26 per diluted share, from a Net Loss of $43.8 million in prior year Adjusted EBITDA1 increased 227% to $26.1 million from $8.0… Continue reading INSPIRED REPORTS SECOND QUARTER 2022 RESULTS
ATLAS REPORTS SECOND QUARTER 2022 RESULTS
Adjusted EBITDA(1) growth of 2.6% to $279.5 million compared to Q2 2021 driven by highly differentiated business model and predictable cash flow LONDON, UK, Aug. 9, 2022 /PRNewswire/ – Atlas Corp. (“Atlas” or the “Company”) (NYSE: ATCO) announced today its results for the quarter ended June 30, 2022. Financial Highlights: Continue Reading Related Documents ATLAS REPORTS… Continue reading ATLAS REPORTS SECOND QUARTER 2022 RESULTS
Nuvve Partners with Vistra to Help School Districts Electrify Bus Fleets
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ — Nuvve (Nasdaq: NVVE), a leader in electrifying transportation, and Vistra (NYSE: VST), one of the largest competitive power generators and retail electricity providers in the country, have announced the first step in their partnership to help school districts modernize bus fleets. Continue Reading The partnership between Nuvve and… Continue reading Nuvve Partners with Vistra to Help School Districts Electrify Bus Fleets
@VW Group: The strategy that has driven Lamborghini’s latest financial successes005536
Interview with Paolo Poma, CFO and Managing Director of Automobili Lamborghini Sant’Agata Bolognese, 9 August 2022 – Automobili Lamborghini has just closed the best half-year in its history: sales, turnover, operating result and profitability are the highest ever. A path of continued success and a positive response from the markets confirms the company’s solidity and… Continue reading @VW Group: The strategy that has driven Lamborghini’s latest financial successes005536
Pangaea Logistics Solutions Ltd. Reports Record Financial Results for the Quarter Ended June 30, 2022
NEWPORT, R.I., Aug. 9, 2022 /PRNewswire/ — Pangaea Logistics Solutions Ltd. (“Pangaea” or the “Company”) (NASDAQ: PANL), a global provider of comprehensive maritime logistics solutions, announced today its results for the three months ended June 30, 2022. SECOND QUARTER 2022 RESULTS (As compared to the Second Quarter 2021) Total revenue increased 34% year over year to… Continue reading Pangaea Logistics Solutions Ltd. Reports Record Financial Results for the Quarter Ended June 30, 2022
V2X (Formerly Vectrus) Reports Strong Second Quarter 2022 Results
Important Note: On July 5, 2022, Vectrus, Inc. closed on the merger with The Vertex Company (“the Transaction”) and in connection with the closing was renamed V2X, Inc. “Reported results” reflect the contributions of Vectrus, Inc. based on results prior to the close of the Transaction, unless otherwise noted. Vectrus Second Quarter Highlights: Second quarter… Continue reading V2X (Formerly Vectrus) Reports Strong Second Quarter 2022 Results