Car rental

Lear Increases Share Repurchase Authorization to $1.5 Billion and Declares Quarterly Cash Dividend of $0.77 Per Share

Retrieved on: 
Tuesday, February 20, 2024
Share repurchase, LEA, Lear, Lear Corporation, Car rental

In addition, the Board declared a quarterly cash dividend of $0.77 per share on the Company's common stock.

Key Points: 
  • In addition, the Board declared a quarterly cash dividend of $0.77 per share on the Company's common stock.
  • At the end of 2023, Lear had $916 million remaining on its share repurchase authorization.
  • Since the Company began its share repurchase program in 2011, Lear has returned approximately $5.2 billion to shareholders, including the repurchase of approximately 53% of the Company's shares outstanding as of the commencement of its share repurchase program.
  • Lear may implement share repurchases under its share repurchase authorization utilizing a variety of methods, including open market purchases, accelerated share repurchase programs, privately negotiated transactions and structured repurchase transactions.

Unleashing the Power: Lamborghini Austin Has a New 2024 Lamborghini Urus Performante for Sale Now!

Retrieved on: 
Saturday, February 17, 2024
SUV, Alcantara, Sale, Weight, Lamborghini Urus, Inorganic polymer, Car rental

AUSTIN, Texas, Feb. 17, 2024 /PRNewswire-PRWeb/ -- A new thrill awaits luxury car enthusiasts near Austin, TX, as Lamborghini Austin proudly presents the 2024 Lamborghini Urus Performante. This remarkable Super Sport Utility Vehicle (SUV) is more than a mere mode of transportation—it's a vision of power, performance, and unparalleled driving experience.

Key Points: 
  • Lamborghini Austin, the pre-eminent Lamborghini dealership in Austin, TX, has a 2024 Lamborghini Urus Performante for sale today!
  • AUSTIN, Texas, Feb. 17, 2024 /PRNewswire-PRWeb/ -- A new thrill awaits luxury car enthusiasts near Austin, TX, as Lamborghini Austin proudly presents the 2024 Lamborghini Urus Performante .
  • The Urus Performante is a sporting evolution, defying convention to establish a new standard in the SUV segment.
  • The Urus Performante is a sporting evolution, defying convention to establish a new standard in the SUV segment.

GreenPower Appoints Monarch Truck Center as Dealer in the California Bay Area

Retrieved on: 
Thursday, February 15, 2024
EV, Gütersloh, HVIP, Tritt, Transport, Sale, Green, Refrigeration, Carbon, Isuzu, REE, Tax, Car rental

LOS ANGELES, Feb. 15, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced the appointment of Monarch Truck Center, a premier medium-duty truck dealer in the California Bay Area, as its commercial dealer serving the St. Clara, San Jose and Union City, California markets.

Key Points: 
  • "GreenPower is excited to welcome Monarch Truck Center to our network of commercial EV truck dealers.
  • "We are proud to offer our customers the best vehicles available in the marketplace," said Nicole Guetersloh, President of Monarch.
  • Monarch is currently an authorized dealer for Isuzu, Hino and REE (EV) trucks, and is the undisputed Bay Area leader in new and used medium-duty truck sales and leasing.
  • Guetersloh noted that Monarch has now been listed as an approved California HVIP dealership for GreenPower all-electric, purpose-built commercial vehicles.

Barrick Announces New Share Buyback Program

Retrieved on: 
Wednesday, February 14, 2024
Barrick Gold, TSX, Share repurchase, Car rental

TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) announced today that it plans to undertake a new share repurchase program for the buyback of its common shares.

Key Points: 
  • TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) announced today that it plans to undertake a new share repurchase program for the buyback of its common shares.
  • In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the Company on February 15, 2023.
  • The Company did not repurchase any common shares under its 2023 share repurchase program.
  • Barrick repurchased $424 million in common shares under its 2022 share repurchase program.

ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos

Retrieved on: 
Tuesday, February 13, 2024
Alternative Vehicles, Fuels, Other Transport, Trucking, EV, Electric Vehicles, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Fleet Management, Arrangement, FedEx Ground, OEM, Growth, Original equipment manufacturer, XOS, Government, Cintas, UPS, Car rental

ElectraMeccanica has commenced mailing to ElectraMeccanica’s shareholders of the Joint Proxy Statement/Circular and related materials for the ElectraMeccanica Meeting.

Key Points: 
  • ElectraMeccanica has commenced mailing to ElectraMeccanica’s shareholders of the Joint Proxy Statement/Circular and related materials for the ElectraMeccanica Meeting.
  • Shareholders are encouraged to read the Joint Proxy Statement/Circular and vote their ElectraMeccanica shares as soon as possible.
  • The following are the key strategic factors underlying the Board of Directors’ unanimous recommendation that ElectraMeccanica shareholders vote IN FAVOR of the ElectraMeccanica Arrangement Proposal:
    Equity Position in Xos.
  • Additional factors supporting the Board of Directors’ decision to approve the transaction and recommend it to ElectraMeccanica shareholders are described in the Joint Proxy Statement/Circular.

Axos Financial, Inc. Announces New $100 Million Stock Repurchase Program

Retrieved on: 
Monday, February 12, 2024
Banking, Asset Management, Professional Services, Finance, Share repurchase, Axos Financial, AX, Car rental

Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) today announced that its Board of Directors authorized a program to repurchase up to $100 million of its common stock.

Key Points: 
  • Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) today announced that its Board of Directors authorized a program to repurchase up to $100 million of its common stock.
  • This new share repurchase authorization is in addition to the existing share repurchase plan approved on April 26, 2023, which has approximately $20 million remaining.
  • The Company may repurchase shares on the open market or through privately negotiated transactions at times and prices considered appropriate by the Company, at the discretion of management, and subject to its assessment of alternative uses of capital, stock trading price, general market conditions and other factors.
  • There is no set start or end date for the new common stock repurchase program.

Budget Saudi Announces Impressive Long-Term Lease Contract Growth and Best ESG Practices Award for 2023

Retrieved on: 
Friday, February 9, 2024
Customer, Sustainability, Transport, Policy, CSR, Kingdom, Growth, EVS, EV, Biophysical environment, ESG, Car rental, KSA

The company has not only reported substantial growth in long-term lease contracts but has also received the prestigious Global Economics Award for Best ESG (Environmental, Social, and Governance) practices in the industry.

Key Points: 
  • The company has not only reported substantial growth in long-term lease contracts but has also received the prestigious Global Economics Award for Best ESG (Environmental, Social, and Governance) practices in the industry.
  • In 2023, Budget Saudi achieved remarkable success in the long-term lease contract segment, with contracts valued at SAR 992 million.
  • This impressive milestone represents a 27% year-over-year growth in contract value for over 8,200 vehicles in company's fleet.
  • The company was recently honored with the Global Economics Award for Best ESG Practices in the Car Rental and Transportation Industry in Saudi Arabia.

KIA EV9 NAMED 'BEST EV' IN 2024 MOTORWEEK DRIVERS' CHOICE AWARDS

Retrieved on: 
Friday, February 9, 2024
Gasoline, SUV, EVP, EVS, Family, EV, Multimedia, NBA, Kia, HEV, Photography, Building, EV9, MotorWeek, PHEV, Car rental

This marks the second year in a row that Kia received the "Best EV" honor from MotorWeek, following the Kia EV6 win in 2023

Key Points: 
  • This marks the second year in a row that Kia received the "Best EV" honor from MotorWeek, following the Kia EV6 win in 2023
    IRVINE, Calif., Feb. 9, 2024 /PRNewswire/ -- Today, the 2024 Kia EV9 received the MotorWeek Drivers' Choice "Best EV" award for 2024.
  • Last year, the 2023 Kia EV6 also received the "Best EV" honor, along with the "Best of the Year" title.
  • "As the brand's first all-electric, three-row SUV, the Kia EV9 continues to receive praise for the vehicle's overall excellence and execution across many factors," said Steven Center, COO & EVP, Kia America.
  • "We are proud to receive the 'Best EV' award from MotorWeek again this year for the all-new EV9."

AVI Systems Signs Agreement With Audio Visual Associates of New Jersey to Further Expand the AVI Footprint in the Northeast United States

Retrieved on: 
Thursday, February 8, 2024
Other Defense, Media, Professional Services, Consumer Electronics, Technology, Other Communications, Digital Marketing, Other Professional Services, Marketing, Audio, Video, Communications, Content Marketing, History, AV, AVI, AVA, Microsoft, Sale, Geography, Car rental

AVI Systems , the largest global audiovisual and unified collaboration systems integrator, today announced that Audio Visual Associates (AVA) will join AVI Systems as it 32nd location in the U.S.

Key Points: 
  • AVI Systems , the largest global audiovisual and unified collaboration systems integrator, today announced that Audio Visual Associates (AVA) will join AVI Systems as it 32nd location in the U.S.
  • Located in New Jersey, AVA will serve its clients going forward as AVI Systems.
  • The majority of AVA employees will become employee owners at AVI Systems when the transition is complete.
  • “The Northeast region of the U.S. is AVI System’s fastest growing geography with strong demand from global customers,” said Jeff Stoebner, CEO at AVI Systems.

Flexter.com and Green Motion Announce Strategic Partnership to Transform the Short-Term Truck Rental Reservation Process Worldwide

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Motion, CO2, Car rental

MONTREAL, Feb. 7, 2024 /PRNewswire/ - Flexter.com, the innovative reservation platform for the short-term truck rental industry, is thrilled to announce a strategic partnership with Green Motion/ U-Save, a globally recognized provider of low CO2 car and van rentals.

Key Points: 
  • MONTREAL, Feb. 7, 2024 /PRNewswire/ - Flexter.com, the innovative reservation platform for the short-term truck rental industry, is thrilled to announce a strategic partnership with Green Motion/ U-Save, a globally recognized provider of low CO2 car and van rentals.
  • This collaboration will see Green Motion's worldwide brand, including their prominent U-Save brand in the USA, listing their extensive truck rental inventory on the Flexter.com platform.
  • Thomas Delveaux Lefebvre, CEO and Founder of Flexter.com, highlighted the significance of the partnership: "The strategic partnership with Green Motion is a significant step forward for Flexter.com.
  • This strategic partnership between Flexter.com and Green Motion continues to enhance the sourcing and booking process in the short-term truck rental industry, providing customers with solutions, accessibility, and eco-friendly options.