Ford Model e had an EBIT loss of $1.1 billion amid ongoing industrywide pricing pressure on first-generation electric vehicles and lower wholesales. Those factors more than offset about $400 million in year-over-year cost reductions in the segment. Ford Credit had second-quarter earnings before taxes of $343 million....
H1 2024 Key figures2 › Revenue of EUR 3,021.7 million in the first half of 2024, up 4.0% year on year and up 9.2% organically (including 10.4% in the second quarter) › Adjusted operating profit of EUR 451.9 million, up 4.1% versus EUR 434.2 million in...
More than four out of five current or former retail electricity supply customers rate their experience positively, significant majority want to maintain choice in the electric market, and protect against utility monopolies.BOSTON--(BUSINESS WIRE)--A n...
Hyundai Motor Group’s (the Group) Robotics LAB has been recognized with three prestigious accolades at the 2024 Red Dot Design Award, including two Best of Best prizes. The Red Dot Awards are one of the world's prominent design awards, with accolades for the HMG Robotics...
THE WOODLANDS, Texas--(BUSINESS WIRE)--AEGIS SEF, LLC (“AEGIS Markets”), a CFTC-regulated subsidiary of AEGIS Hedging Solutions (“AEGIS”) and bilateral marketplace for commodity hedging, today provided multiple updates on its financial counterparty (“D...
London, July 25, 2024, (Oilandgaspress) ––Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of NAOC Ltd to Oando Plc. Having already obtained all other relevant local and regulatory authorities’ authorizations, this achievement will allow Eni to proceed to...
London, July 25, 2024, (Oilandgaspress) ––TotalEnergies has taken the final investment decision for a 100 MW /200 MWh battery storage project in Dahlem, North Rhine-Westphalia. This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germany’s leading battery storage system developer, which...
Record profitability: Group operating margin: 8.1% of revenue (+0.5 points vs. 2023 H1), up €0.1bn vs. 2023 H1 Automotive operating margin: 6.6% of revenue (+0.4 points vs. 2023 H1) Net income: €1.4bn (including €440m of capital loss on the disposal of Nissan shares)...
Two Community Solar Projects Located in New Castle and Sussex CountiesDENVER--(BUSINESS WIRE)--TurningPoint Energy (TPE) and Nexamp today announced their latest collaboration to expand access to clean energy with nine megawatts (9MW) across two commun...
Electrified vehicle production YTD also down -7.6% to 157,224 units, representing 37.8% of total output. Latest independent production outlook anticipates UK producing some 910,000 cars and light vans this year, down -9.3%, as factories repurpose....
J.D. Power has named the 2024 Hyundai Santa Fe as the most appealing vehicle in the midsize SUV segment in the 2024 U.S. Automotive Performance, Execution and Layout (APEAL) StudySM. The newly launched Santa Fe received high marks for its exceptional consumer appeal and satisfaction...
Service Credit Union and Tenet Energy Inc. partner for seamless electric vehicle financing and a reliable source of new member growthNEW YORK--(BUSINESS WIRE)--Tenet Energy Inc. (“Tenet”), a climate financial technology platform to accelerate America’...