Author: air-beans
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Changan Automobile|2024 Latin America Brand Launch “AVIVAN EL FUTURO”
On July 23, 2024, Changan Automobile held the “AVIVAN EL FUTURO” brand launch event in Mexico City, marking its expansion into Latin America. The event highlighted the company’s commitment to advancing with customers globally. The occasion was documented with photos and videos. Source: Changan Automobile (July 23, 2024)
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General Motors|2024 Q2 Earnings Release and Guidance Raise
General Motors reported a Q2 2024 revenue of $48 billion and a net income of $2.9 billion, with an EBIT-adjusted of $4.4 billion. The company has revised its full-year net income forecast to $10-11.4 billion and EBIT-adjusted forecast to $13-15 billion, attributing the success to expanded product portfolios and increased market share. Source: General Motors…
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General Motors|2024 Q2 Shareholder Letter
General Motors has reported record revenues for the second quarter and first half of 2024, leading to an upward revision of its full-year earnings, free cash flow, and EPS guidance. The company attributes its success to strong North American ICE vehicle sales, expanding EV portfolio, consistent pricing strategies, and new investments enhancing margins and capital…
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General Motors Defense Canada|Canadian Armed Forces Contract for Light Tactical Vehicles
GM Defense Canada has been awarded a contract worth C$35.8 million by the Canadian Armed Forces for 90 light tactical vehicles, with an option for up to 18 additional vehicles. The contract also includes training, technical manuals, and vehicle content sourced from Canadian companies. These vehicles are intended to support NATO’s Multinational Battlegroup in Latvia.…
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General Motors|General Motors Announces Q3 2024 Dividend
General Motors Co. has declared a cash dividend of $0.12 per share for the third quarter of 2024, payable on September 19, 2024, to shareholders of record as of September 6, 2024. Source: General Motors (July 23, 2024)
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Audi|Mattia Binotto Takes Leadership Role in Audi’s Formula 1 Team
Audi has announced that former Ferrari F1 team head Mattia Binotto will join its Formula 1 project as the Chief Operating and Chief Technical Officer starting August 1, 2024. This move is part of Audi’s realignment of the management structure at Sauber Motorsport AG, ensuring the independence and autonomy of the Audi F1 project. Source:…
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Audi|Announcement of the New Audi A5 Series
Audi AG has unveiled the new Audi A5 series, featuring sporty designs and the latest electronic architecture. The series includes sedan and Avant models with partially electrified internal combustion engines, offering efficient driving through advanced MHEV plus technology. The new series showcases an interior that blends digital convenience with comfort and a dynamic exterior design.…
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Hyundai|Agreement for Sale of Electric Buses on Yakushima
Hyundai Mobility Japan has signed a basic agreement with Iwasaki Group to sell five electric buses ‘ELEC CITY TOWN’ on Yakushima. The initiative uses the island’s natural energy resources to aim for CO2 reduction by electrifying all public transport on Yakushima. Hyundai continues to innovate and provide eco-friendly transportation solutions as part of global warming…
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Hyundai|Launch of the ‘ELEC CITY TOWN’ Mid-Sized Electric Bus Customized for the Japanese Market
Hyundai Mobility Japan announces the launch of the ‘ELEC CITY TOWN’ mid-sized electric bus, tailored for the Japanese market, available by the end of 2024. The bus offers a range of over 200 km with CHAdeMO charging technology, enabling quick recharges. It is equipped with essential safety features like VDC (Vehicle Stability Control) and EDSS…
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Suzuki|Investment in M Square Lab to Contribute to Sustainable Agriculture and Regional Economy
Suzuki Motor Corporation has announced its investment in M Square Lab, a company based in Makinohara, Shizuoka Prefecture. This partnership aims to develop the multi-work robotic cart “Mobile Mover”, leveraging Suzuki’s “Electric Mobility Base Unit” to address agricultural challenges and promote regional economic development. Both companies plan to combine their technological development and operational expertise…