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 ...
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“LREO”) today announced that it has posted to its secure investor relations site key operating and financial 2023 Year End results. An investor call will be held on May 10th, 2024, at 9...
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced at its annual meeting of shareholders held on April 30, 2024, that each of the seven nominees proposed as directors of the company and listed in its manage...
Temetra, With the Addition of Cellular NB-IoT Communications, Enables Utilities to Streamline Operations with an Enhanced Data Management PlatformLIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Australia--Itron, Inc. (NASDAQ: ITRI), which is innovating new way...