Car

C&F Financial Corporation Announces Net Income for First Quarter

Retrieved on: 
Friday, April 19, 2024
Sale, Investment, Corporation, FHLB, Federal Reserve Bank, Insurance, Employment, Car, Environment, Pressure, COVID-19, Bank, Face, Consolidated, Share repurchase, FDIC, Community, GAAP, Growth, Real estate

“Our net income continues to be affected by increases in deposit costs resulting from both a change in mix of deposits and the overall higher interest rate environment,” commented Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation.

Key Points: 
  • “Our net income continues to be affected by increases in deposit costs resulting from both a change in mix of deposits and the overall higher interest rate environment,” commented Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation.
  • Average deposits increased $72.3 million, or 3.6 percent, for the first quarter of 2024 compared to the same period in 2023.
  • Average deposits increased $31.8 million, or 6.3 percent annualized, for the first quarter of 2024 compared to the fourth quarter of 2023.
  • During the first quarter of 2024, the Corporation repurchased 9,654 shares, or $516,000, of its common stock under this share repurchase program.

LEGGETT & PLATT ANNOUNCES 1Q 2024 EARNINGS CALL

Retrieved on: 
Tuesday, April 16, 2024
LEG, Webcast, Geo, Central Time, Leggett & Platt, Car

Carthage, MO, April 16, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Tuesday, April 30, 2024 after the market closes, and hold its quarterly conference call to discuss first quarter results, annual guidance, market conditions, company initiatives, and related matters on Wednesday, May 1, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Key Points: 
  • Carthage, MO, April 16, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Tuesday, April 30, 2024 after the market closes, and hold its quarterly conference call to discuss first quarter results, annual guidance, market conditions, company initiatives, and related matters on Wednesday, May 1, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
  • This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt’s website at www.leggett.com .
  • The earnings release and slides containing summary financial information will be posted to the Investor Relations section of our website on April 30 shortly after the market closes.
  • COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles.

VERSES Provides Q1 2024 Corporate Update

Retrieved on: 
Monday, April 15, 2024
Blue Yonder, Author, Car, Electrical engineering technology, Volvo, Electricity, Architecture, Analog, IEEE, Software, Partnership, Research, European, PCT, Patent, Electronics, Spatial, Standard, JPL, CBOE, Deep learning, 3D printing

VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE Canada:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company developing next-generation intelligent software systems, provides a corporate update.

Key Points: 
  • VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE Canada:VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company developing next-generation intelligent software systems, provides a corporate update.
  • We wanted to provide this update to share our progress,” said Gabriel René, founder and CEO of VERSES.
  • On January 18th, VERSES announced its partnership with Analog in connection with potential smart city projects in Abu Dhabi.
  • VERSES also claims a variety of trade secrets and various copyrights in software and other original works of authorship.

Mercedes-Benz Q1 Marked by Solid Cash Generation and Top-End Model Changeovers 

Retrieved on: 
Tuesday, April 30, 2024
Automotive Manufacturing, Manufacturing, General Automotive, Automotive, EV, Electric Vehicles, Annual general meeting, Annual, Mercedes-Benz Group, Mercedes-Benz Mobility, Total, Car, Investment, Policy, Uncertainty, Research, Plant, ECE, GLC, Research and development, Worldwide, Acquisition, Mobility, XEV, CCR, Mercedes-Benz, Share repurchase, WLTP, Automotive industry

Current supply bottlenecks are on the way to easing in regard to the GLC and E-Class, with further improvements expected.

Key Points: 
  • Current supply bottlenecks are on the way to easing in regard to the GLC and E-Class, with further improvements expected.
  • Sales levels in the first quarter are seen as the trough, with second quarter volumes expected to be better.
  • Q1 is seen as the trough, with improvements expected over the second half of 2024, despite increasing ramp-up costs for charging infrastructure.
  • The cost of credit risk is seen improving from Q1 levels but is expected at an overall higher level compared to 2023.

JIDU Makes Its Debut at Mobility Live ME 2024, Showcasing the Future of AI-Enabled Intelligent Mobility

Retrieved on: 
Tuesday, April 30, 2024
Globalization, 2600-series (CTA), AI, Exhibition, City, Auto China, Baidu Maps, CATL, SUV, Domestic, Visual perception, GOOD, OTA, Intelligence, Transport, NEVS, Habit, Car, Baidu, Red Dot, Future, Engineering, Pinnacle, HCI, Geely, PPA

JIDU is a ROBOCAR startup between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group.

Key Points: 
  • JIDU is a ROBOCAR startup between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group.
  • At Mobility Live ME 2024, JIYUE 01 showcased in Galaxy Purple and Mars Orange, along with the brand's charging stations.
  • As a representative of China's pure vision intelligent driving technology, approximately 90% of users utilize JIDU's PPA intelligent driving system.
  • In the era of smart cars 3.0, with AI large models serving as its core, JIDU aims to drive the evolution of the intelligent automotive industry.

Mercedes-Benz AG Hosts Event to Test CCC Digital Key Specification with UWB and Bluetooth LE

Retrieved on: 
Wednesday, April 24, 2024
Technology, General Automotive, Mobile, Wireless, Automotive Manufacturing, Manufacturing, Wearables, Mobile Technology, Automotive, Vehicle Technology, Other Technology, Telecommunications, Other Automotive, Semiconductor, Security, Consumer Electronics, UWB, Marquardt Group, Certification, BLE, Mercedes-Benz, Volkswagen Group, CCC, NFC, CARIAD, Qualcomm, Car, BYD, Mobile phone

Today, the Car Connectivity Consortium (CCC), a cross-industry organization focused on the development of smartphone-to-car connectivity solutions, announced it gathered in Ulm, Germany this past week to test the latest version of the CCC Digital Key™ specification, release 3 version 1.1.3.

Key Points: 
  • Today, the Car Connectivity Consortium (CCC), a cross-industry organization focused on the development of smartphone-to-car connectivity solutions, announced it gathered in Ulm, Germany this past week to test the latest version of the CCC Digital Key™ specification, release 3 version 1.1.3.
  • With the CCC Digital Key Certification for NFC implementation live and the first products to reach certification expected very soon, this Plugfest focused on incorporating ultra-wideband (UWB) and Bluetooth Low-Energy (BLE) into the next CCC Digital Key Certification, building on the capabilities already included in the current program.
  • “The automotive industry has worked for decades to make the driving experience more convenient through digital technologies.
  • But unlocking the full potential of digital key, and accessibility technologies across the board, depends on a universally interoperable and secure standard,” said Alysia Johnson, president of the CCC.

SES AI, Hyundai Motor and Kia Agree to Enter the Next Phase of Their Joint Development Contract

Retrieved on: 
Wednesday, April 24, 2024
Research, EV, Electric Vehicles, Alternative Energy, Batteries, Energy, Technology, Automotive, Environment, Other Transport, Science, Transport, Automotive Manufacturing, Manufacturing, Hyundai Motor Company, JDA, Cell, Safety, Partnership, Car, Senior, General Motors, Kia, UAM, Urban Air Mobility, Automotive industry

SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation (“Kia”) to start developing B samples.

Key Points: 
  • SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation (“Kia”) to start developing B samples.
  • This collaboration is the first of its kind in the Li-Metal battery industry and represents an important milestone in achieving commercial production.
  • The expansion of the relationship with Hyundai Motor and Kia means that SES AI is the first Li-Metal battery company in the world to have two B-sample development JDAs underway.
  • Based in the Boston suburb of Woburn, Massachusetts with operations in Shanghai and Seoul, SES AI is backed by Hyundai Motor and Kia, General Motors Co., and Honda Motor Co.

TSMC Celebrates 30th North America Technology Symposium with Innovations Powering AI with Silicon Leadership

Retrieved on: 
Wednesday, April 24, 2024
Semiconductor, IOT (Internet of Things), Technology, Other Technology, Mobile, Wireless, Artificial Intelligence, Internet, HPC, IP, HBM, Cell, Watt, Personal computer, Safety, AI, A16, Integration, CPO, Silicon, ADAS, Car, Intelligence, TSM, SIP, Info, Nanosheet, Silicon photonics, Sow, Circuit court, Video game

TSMC (TWSE: 2330, NYSE: TSM) today unveiled its newest semiconductor process, advanced packaging, and 3D IC technologies for powering the next generation of AI innovations with silicon leadership at the Company’s 2024 North America Technology Symposium.

Key Points: 
  • TSMC (TWSE: 2330, NYSE: TSM) today unveiled its newest semiconductor process, advanced packaging, and 3D IC technologies for powering the next generation of AI innovations with silicon leadership at the Company’s 2024 North America Technology Symposium.
  • This year marks the 30th anniversary of TSMC’s North America Technology Symposium, and more than 2,000 attended the event, growing from less than 100 attendees 30 years ago.
  • The North America Technology Symposium in Santa Clara, California kicks off TSMC Technology Symposiums around the world in the coming months.
  • The symposium also features an “Innovation Zone,” designed to highlight the technology achievements of our emerging start-up customers.

Silicone Elastomers (HTV, RTV, LSR) Market - Global Forecast to 2029 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 23, 2024
Chemicals, Plastics, Manufacturing, USD, Miniaturization, Cabot Corporation, Electricity, Wacker Chemie, Automotive industry, Silicone, Rogers Corporation, Research, Transport, Growth, Urbanization, Car, Region, Injection moulding, Extrusion, Dow Chemical Company, LSR, HTV, Temperature, Ageing, RTV, Health, Synthetic rubber

The superior properties of silicone elastomers stand as an ideal driver driving the growth and evolution of the silicone elastomers market.

Key Points: 
  • The superior properties of silicone elastomers stand as an ideal driver driving the growth and evolution of the silicone elastomers market.
  • Innovations in medical devices, application methods, and materials have significantly enhanced the performance, functionality, and flexibility of silicone elastomers.
  • Asia Pacific region experiences rapid growth in the silicone elastomers market due to several key factors.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the silicone elastomers market
    Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global silicone elastomers market
    Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the silicone elastomers market

Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars

Retrieved on: 
Tuesday, April 23, 2024
Aftermarket, Automotive, Technology, Other Automotive, General Automotive, Autonomous Driving, Vehicles, Satellite, Vehicle Technology, Software, Artificial Intelligence, Hardware, Rate, Car, Acceleration, Safety, Volvo, Radar, Insurance, Partnership, Silicon, Benchmarking, TPK, Multimedia, Database, Apple, A New Era, Risk assessment, Lidar, Accident

Luminar (Nasdaq: LAZR), a leading global automotive technology company, is hosting Luminar Day: A New Era via a live webcast at www.luminartech.com/luminarday from its new Silicon Valley facility.

Key Points: 
  • Luminar (Nasdaq: LAZR), a leading global automotive technology company, is hosting Luminar Day: A New Era via a live webcast at www.luminartech.com/luminarday from its new Silicon Valley facility.
  • The company announced that it has achieved start of production for Volvo Cars and begun delivering production LiDAR sensors for the Volvo EX90, which will be the first global production vehicle to feature and standardize this technology.
  • We’ve officially launched in mass production for the first global consumer vehicle with LiDAR, and as standard equipment,” said Austin Russell, Founder and CEO.
  • The Volvo EX90 will be the world’s first global consumer vehicle to standardize this technology.