BMW

EQS-News: SIXT grows by 18% to record revenue in 2023 and achieves second-best result in the company’s history

Retrieved on: 
Wednesday, March 13, 2024

Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.

Key Points: 
  • Pullach, 1 March 2024 – SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.
  • Alexander Sixt, Co-CEO of Sixt SE: “Thanks to our customers’ trust in us and our employees’ excellent work, we were able to once more achieve a record revenue and have obtained the second-best yearly result in our company’s history.
  • We reached our ambitious goals in 2023, both in terms of our business figures and implementation of our strategy.
  • According to SIXT’s estimates, the lower demand compared to combustion engines resulted in a substantial loss of revenue.

Fahrengold Driving Growth: Auto Veteran Joins Board as New Products Unveiled

Retrieved on: 
Tuesday, March 12, 2024

"Fahrengold has quickly won over luxury auto customers and, subsequently, manufacturers.

Key Points: 
  • "Fahrengold has quickly won over luxury auto customers and, subsequently, manufacturers.
  • Esther joins TJ Grewal, former CPO & EVP of Global Operations for Beats by Dre, who currently serves on the company's advisory board.
  • "As a young company, it is a huge honor to have such accomplished and respected advisors like Esther & TJ on board.
  • We believe it reflects and highlights the strong positioning, traction and reputation we have established," noted Fahrengold Founder Nikita Fahrenholz.

Commercial Vehicles Market cross $15.9 Tn by 2032, Says Global Market Insights Inc.

Retrieved on: 
Wednesday, March 6, 2024

The commercial vehicles market valuation is estimated to reach USD 15.9 trillion by 2032, as reported in a research study by Global Market Insights Inc.

Key Points: 
  • The commercial vehicles market valuation is estimated to reach USD 15.9 trillion by 2032, as reported in a research study by Global Market Insights Inc.
  • The commercial vehicles market from the construction & mining end-use segment is predicted to grow significantly through 2032, owing to the ongoing infrastructure development projects.
  • Increasing environmental concerns and stringent emissions regulations are driving the adoption of electric commercial vehicles, particularly in urban areas.
  • Asia Pacific commercial vehicles market will expand notably till 2032, driven by rapid urbanization, economic growth, and infrastructural development initiatives.

THE MOST ADVANCED HYDROGEN ELECTRIC POWER GENERATOR GREEN TECHNOLOGY WILL BE MASS PRODUCED IN POLAND FOR THE EUROPEAN UNION

Retrieved on: 
Tuesday, March 5, 2024

Company management are extremely pleased with the company’s success and progress.

Key Points: 
  • Company management are extremely pleased with the company’s success and progress.
  • Coates International, Ltd. President and CEO George J. Coates commented, “We are very happy with this new license event.
  • We have been advised that the manufacturing operations for the Coates Green products will be established in the BMW building in Poland.
  • We plan to begin shipping components and parts, deliver technical drawings and meet with their engineers over the coming year.

Christine Russell Fleischer named Vice President, Customer Experience at Porsche Cars North America

Retrieved on: 
Monday, February 26, 2024

Christine Russell Fleischer has been named Vice President, Customer Experience at Porsche Cars North America – a role she will take up on March 15th.

Key Points: 
  • Christine Russell Fleischer has been named Vice President, Customer Experience at Porsche Cars North America – a role she will take up on March 15th.
  • “Christine is the perfect choice to join our leadership team and I’m thrilled that she will soon be shaping our future direction as we strive to ensure every customer experience is exceptional,” said Timo Resch, President and CEO, Porsche Cars North America.
  • Prior to her tenure at INFINITI, Christine spent 16 years at BMW AG in Munich and the US.
  • She holds a Master of Arts degree from Ludwig Maximilians University of Munich.

Motorq Partners with BMW Group to Deliver Powerful Insights to More Customers Worldwide

Retrieved on: 
Thursday, February 22, 2024

Motorq offers a fast and secure way to monitor and track BMW fleets through their Connected Vehicle Platform: this enables hardware-free access to BMW data at the source.

Key Points: 
  • Motorq offers a fast and secure way to monitor and track BMW fleets through their Connected Vehicle Platform: this enables hardware-free access to BMW data at the source.
  • "BMW Connected FleetData’s innovative vehicle insights add unprecedented value to their customers across Europe,” said Arun Rajagopalan, CEO and Co-Founder, Motorq.
  • “We're thrilled about the opportunity to serve BMW Connected FleetData and their customers via our connected vehicle insights."
  • BMW Connected FleetData and Motorq will work together to prioritize mission-critical vehicle insights that enable fleet efficiency and sustainability.

Plug Finalizes Contract to Support A Major U.S. Automobile Manufacturer’s Material Handling Operations

Retrieved on: 
Wednesday, February 21, 2024

LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has finalized a contract to supply a major U.S. automobile manufacturer with hydrogen infrastructure and fuel cell solutions that will support material handling operations.

Key Points: 
  • LATHAM, N.Y., Feb. 21, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has finalized a contract to supply a major U.S. automobile manufacturer with hydrogen infrastructure and fuel cell solutions that will support material handling operations.
  • The manufacturing campus’s entire material handling fleet, including forklifts and tuggers, will run on Plug fuel cells.
  • In 2024, Plug will undertake the installation and commissioning of the hydrogen infrastructure, setting the stage for the facility's debut.
  • Plug has been a steadfast partner in advancing sustainable material handling operations for leading car manufacturers, including long standing collaborations with industry pioneers like BMW, Daimler, Honda, GM and Stellantis contributing to their commitment to environmental responsibility and operational efficiency.

Official 24 Hours of Le Mans Game, Le Mans Ultimate, available today

Retrieved on: 
Tuesday, February 20, 2024

Internally developed title leverages RaceControl, Motorsport Games’ Online Service platform to deliver complete product-to-play ecosystem

Key Points: 
  • Internally developed title leverages RaceControl, Motorsport Games’ Online Service platform to deliver complete product-to-play ecosystem
    MIAMI, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Le Mans Ultimate , the official game of the FIA World Endurance Championship, and 24 Hours of Le Mans (ACO), goes on sale in Early Access today.
  • The game is the first officially licenced and dedicated 24 Hours of Le Mans video game for over twenty years, created by Motorsport Games Inc. (NASDAQ:MSGM) (“Motorsport Games”) development team, Studio 397.
  • Developed with extensive manufacturer support, including detailed collaboration with Ferrari on the Le Mans Centenary winning 499, to make the included cars as realistic as possible.
  • Our immediate focus is now on continued development and expansion of Le Mans Ultimate to provide gamers with a world-class entertainment experience.”
    The 24 Hours of Le Mans and World Endurance Championship is currently undergoing a renaissance with renewed interest thanks to the new Hypercar machinery.

TVS Motor Company - Now in France

Retrieved on: 
Friday, March 8, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240308987266/en/
    TVS Motor Company zone at Salon du Deux Roues, Lyon in France (Photo: Business Wire)
    TVSM is the world’s fourth largest two and three wheeler manufacturer, and the third most valued by market cap.
  • The company is putting on display the TVS Apache RR 310, TVS Apache RTR 310, TVS Ronin, its electric scooters - TVS iQube S, TVS X, and its performance scooter - TVS NTORQ.
  • Speaking on the participation, Sharad Mohan Mishra, President, Strategy, TVS Motor Company, said, “Our participation marks a significant milestone.
  • TVS NTORQ - a premium scooter that boasts of superior performance backed by TVS Racing Pedigree.

Fonon Corporation Highlights Its Laser Cutting Technology for Highly Reflective Metals During Automotive Manufacturing

Retrieved on: 
Friday, March 8, 2024

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for highly reflective aluminum frames in the automotive industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its laser cutting technologies for highly reflective aluminum frames in the automotive industry.
  • Fonon Corporation's Titan FX Laser Cutting System offers the most advanced, high-performance, reliable and cost-effective way to cut aluminum and other reflective metals during car manufacturing.
  • Plastic, due to its flexibility and lightweight nature, is frequently used in automotive manufacturing, but it is not the primary choice for frames.
  • For more information about Fonon Corporation's laser cutting technology, please visit https://fonon.com .