All of that helped total revenue rise by 8 percent year over year to $25.2 billion. Gross profit jumped by 20 percent to $5 billion, and once generally accepted accounting principles are applied, its net profit grew 17 percent compared to Q3 2023, at $2.2 billion. What’s more, the company is sitting on a healthy treasure chest. Free cash flow… Read More
Hyundai Motor Group (HMG) just announced plans to invest $7.4 billion in the United States to produce future EVs, expand production facilities, and develop new mobility solutions. HMG, owned by Hyundai and Kia Motors, plans to invest the entire amount. Source: electrek.co
Spartanburg (USA)/Munich. The BMW Group continues to develop its electromobility plans with new investments in the United States to expand the Spartanburg plant and the company’s manufacturing footprint in the United States. Oliver, Chairman of the BMW Group Management Board… Source: www.press.bmwgroup.com
Nissan NSANY plans to invest $1.4 billion to upgrade a factory in northeast England to build electric versions of two of its best-selling cars. The investment is expected to boost the country’s struggling economy. The carmaker currently builds gasoline or gas hybrid Qashqai and Juke crossovers at its factory in Sunderland. Source: finance.yahoo.com
The creator economy is probably bigger than you think. The Washington Post notes that the industry is “now a global industry valued at $250 billion, with tens of millions of workers, hundreds of millions of customers, and its own trade associations and labor certifications.” “There are…” it is reported. Source: tech.slashdot.org
WASHINGTON, Oct. 26, 2023 (GLOBE NEWSWIRE) — The global used car market will grow rapidly by 6.6% over the next seven years to reach USD 2,759.3 billion by 2030, according to Vantage Market Research. It is estimated that it will reach . The used car market is expanding on a global scale. This is driven by increased demand for off-lease Read More