1st half-year: Group EBT totals € 16.2 billion (EBT margin: 24,5%) 1st half-year: EBIT margin Auto of 8.5% (excluding consolidation effects related to BBA: 12.6%) 2nd quarter: Free cash flow of €3 billion in Auto Segment Annual outlook for EBIT margin in auto segment confirmed: 7-9% BEV sales more than double in 1st half-year (+110.3%) Persistent… Continue reading @BMW: Profitable first half-year – BMW Group stays on course in difficult environment002165
Tag: Strategy
Thai PTT sells coal business to Indonesia’s Astrindo for $471m
Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia’s PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely. The sale was aligned with PTT’s strategy to move towards sustainability and clean energy, chief executive Auttapol Rerkpiboon… Continue reading Thai PTT sells coal business to Indonesia’s Astrindo for $471m
@GM: Safety View by GM Future Roads & INRIX Now Available to Support Safer Roads in U.S. Communities August 2, 2022
Safety View by GM Future Roads & INRIX Now Available to Support Safer Roads in U.S. Communities New INRIX school zone study highlights Safety View’s sophisticated cloud-based analytics capabilities designed for Vision Zero plans and Safe Streets and Roads for All program DETROIT and KIRKLAND, Wash., Aug. 2, 2022 /PRNewswire/ — Today, General Motors (NYSE: GM) and… Continue reading @GM: Safety View by GM Future Roads & INRIX Now Available to Support Safer Roads in U.S. Communities August 2, 2022
Daily Crunch: Sheryl Sandberg is out at Meta, and Zuckerberg’s not looking for a new COO
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. The SEC leapt in this week, charging 11 people associated with Forsage, which the government watchdog says was running a pyramid scheme. I’m not one to embrace drama, but I also can’t… Continue reading Daily Crunch: Sheryl Sandberg is out at Meta, and Zuckerberg’s not looking for a new COO
MicroStrategy CEO Michael Saylor steps down to ‘focus’ on Bitcoin as chairman
Bitcoin advocate Michael Saylor is stepping down as the CEO of the software company he co-founded, MicroStrategy, and will instead take on the role of executive chairman. Saylor’s belief in Bitcoin has turned the company into a holding vehicle for the cryptocurrency. The news came as the company reported its second-quarter earnings. It noted a… Continue reading MicroStrategy CEO Michael Saylor steps down to ‘focus’ on Bitcoin as chairman
Aviat Networks Revises Proposal to Acquire Ceragon Networks to $3.08 Per Share
Increased consideration would include $2.80 per share in cash and $0.28 in equity consideration of Aviat stock, providing a premium of 47% to closing price of Ceragon shares on June 27, 2022 Combination of cash and equity consideration provides balance of immediate and long-term value, allowing shareholders of both Aviat and Ceragon to benefit from… Continue reading Aviat Networks Revises Proposal to Acquire Ceragon Networks to $3.08 Per Share
CarParts.com Reports Record Second Quarter 2022 Results
Record Quarterly Sales of $176.2 million, up 12% year over year 10th Consecutive Quarter of Year over Year Sales Growth Net Income of $4.1 million and Adjusted EBITDA of $8.3 million TORRANCE, Calif., Aug. 2, 2022 /PRNewswire/ — CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the second quarter ended July 2, 2022. Second Quarter 2022 Summary vs. Year-Ago Quarter Net… Continue reading CarParts.com Reports Record Second Quarter 2022 Results
@VW Group: Lamborghini: the best half-year results ever005505
Automobili Lamborghini has continued its positive trend from the start of the year and set a new record, concluding its best six months ever to the end of June 2022 in terms of sales, turnover and profitability. Global deliveries stood at 5,090 units (+4.9%), while in terms of financial indicators turnover reached €1.33 billion, which… Continue reading @VW Group: Lamborghini: the best half-year results ever005505
Global $46.2 Bn Passenger Information System (Railways, Roadways, Airways and Waterways) Markets to 2027
DUBLIN, Aug. 2, 2022 /PRNewswire/ — The “Passenger Information System Market by Component (Solutions and Services), Location (On Board and In Station), Transportation Mode (Railways (Trains and Trams), Roadways, and Airways and Waterways) and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering. The global passenger information system market size is… Continue reading Global $46.2 Bn Passenger Information System (Railways, Roadways, Airways and Waterways) Markets to 2027
Meritor Reports Third-Quarter Fiscal Year 2022 Results
TROY, Mich., Aug. 2, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today reported financial results for its third fiscal quarter that ended June 30, 2022. Third-Quarter Highlights Sales of $1,212 million Net income attributable to Meritor and net income from continuing operations attributable to Meritor of $73 million Diluted earnings per share from continuing operations of… Continue reading Meritor Reports Third-Quarter Fiscal Year 2022 Results