Stuart Simpson, Vertical Aerospace’s CFO and seasoned FTSE100 executive, appointed to CEO as company moves to pivotal phase of certifying its VX4 aircraft and commercialisation. Founder and current CEO, Stephen Fitzpatrick, continues his role as Bo...
Latest site investment integral to the brand’s preparations for future Battery-Powered Electric Vehicle (BEV) production...
AMSTERDAM--(BUSINESS WIRE)--Autel Energy Europe, a leading provider of EV charging products and services, has successfully concluded its Autel Partner Summit at the prestigious Muziekgebouw in Amsterdam. From April 24th to 25th, the summit not only sho...
The significantly increased sales revenue in the Financial Service business largely compensate for the decline in the Automotive division (-4%).The Volkswagen Group expects the sales revenue to exceed the previous year’s figure by up to 5 percent. The operating return on sales is expected to...
Mercedes-Benz Group AG (ticker symbol: MBG) reported Free Cash Flow from the industrial business at a solid €2.23 billion (Q1 2023: €2.16 billion) in the first quarter with strong cash conversion including positive working capital developments. Group Earnings Before Interest and Taxes (EBIT) totalled €3.9...
Stellantis N.V. reported first quarter 2024 Net revenues and shipments reflecting production actions and inventory management strategies to prepare for the upcoming new product wave. Sales to customers were unchanged from prior year, with growth in Middle East & Africa (up 23% year-over-year) and...
European car makers have a drop in profits as demand for electric vehicles (EVs) stalls. Mercedes was the worst hit in the first quarter, with profits tumbling 30 per cent year-on-year to £3.3billion. Electric vehicle (EV) sales dipped 8 per cent during the period, Mercedes...
London, 01 May 2024, (Oilandgaspress) –NIO Inc. , a leading company in the premium smart electric vehicle market, today announced its April 2024 delivery results. NIO delivered 15,620 vehicles in April 2024, representing a strong increase of 134.6% year-over-year. The deliveries consisted of 8,817 premium smart...
Tesla has cut prices to use its Supercharger network and has introduced a cheaper membership rate for all electric car drivers. From April 19, electric car drivers can take advantage of cheaper Supercharger prices by becoming members, with Tesla owners automatically being signed up. Tesla has slashed...
Electric car drivers will now be able to take advantage of cheaper off-peak electricity rates thanks to new public smart chargers. Connected Kerb says it is installing the UK's first chargers that can be scheduled to charge a car when electricity is at its cheapest. Overnight...
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information fo...
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the "Company") is providing an update with respect to the management cease trade order ("MCTO") issued by the British Columbia Securities Commission (the "BCSC") on April 3, 2024, and ...