ATV

FTC Sends Refunds to Consumers Harmed by False Made in USA Claims by Cycra

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tisdag, maj 28, 2024

The Federal Trade Commission is sending more than $180,000 in refunds to consumers who were harmed by false Made in USA claims by the motocross and ATV parts maker Cycra.View Press Release

Key Points: 

<p>The Federal Trade Commission is sending more than $180,000 in refunds to consumers who were harmed by false Made in USA claims by the motocross and ATV parts maker Cycra.</p><a href="https://www.ftc.gov/news-events/news/press-releases/2024/05/ftc-sends-re... Press Release</a>

FTC Sends Refunds to Consumers Harmed by False Made in USA Claims by Cycra

Retrieved on: 
tisdag, maj 28, 2024

The claims included a web banner that said, “Proudly designed, developed and manufactured in Lexington, North Carolina,” and product labels featuring the words “Made in USA” with an image of the American flag.

Key Points: 
  • The claims included a web banner that said, “Proudly designed, developed and manufactured in Lexington, North Carolina,” and product labels featuring the words “Made in USA” with an image of the American flag.
  • Despite these claims, the FTC alleged Cycra regularly imported parts from Asia and Europe for its products, with some arriving in the U.S. already labeled “Made in USA”.

    The FTC is sending payments to 889 consumers.

  • The Commission never requires people to pay money or provide account information to get a refund.

    The Commission’s interactive dashboards for refund data provide a state-by-state breakdown of refunds in FTC cases.

  • In 2023, FTC actions led to $324 million in refunds to consumers across the country.

Stay Safe and Sober on Roads, Waterways and Trails This Victoria Day Weekend

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fredag, maj 17, 2024

OAKVILLE, Ontario, May 17, 2024 (GLOBE NEWSWIRE) -- As many Canadians look forward to the Victoria Day holiday weekend, MADD Canada is asking everyone to do their part to keep roads, trails and waterways safe by never operating a vehicle impaired.

Key Points: 
  • OAKVILLE, Ontario, May 17, 2024 (GLOBE NEWSWIRE) -- As many Canadians look forward to the Victoria Day holiday weekend, MADD Canada is asking everyone to do their part to keep roads, trails and waterways safe by never operating a vehicle impaired.
  • “The Victoria Day long weekend is the unofficial start to summer for many of us and we want everyone to have a happy and fun holiday,” said MADD Canada National President Tanya Hansen Pratt.
  • “I lost my Mom to an impaired driver and my family feels her absence every holiday.
  • “Stay over, take public transportation, appoint a sober driver or check out Uber, MADD Canada’s Official Designated Driving App.”
    As the unofficial start of summer, the Victoria Day long weekend marks the annual start of MADD Canada’s Campaign 911 program.

 Sypris Reports First Quarter Results

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onsdag, maj 15, 2024

Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 31, 2024.

Key Points: 
  • Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its first quarter ended March 31, 2024.
  • The Company’s first quarter 2024 consolidated revenue increased 10.1% to $35.6 million compared with the prior year quarter, representing the 11th quarter of double-digit year-over-year growth during the past 12 quarterly periods.
  • Orders for Sypris Technologies energy products increased during the first quarter compared to the same period in 2023, driving backlog up 50.1% from year end.
  • “The financial results of Sypris Electronics were impacted by additional costs related to two large programs that ramped during the quarter.

EQS-News: Infineon: Solid Q2 FY 2024. Prolonged weak demand in major target markets leads to a lowering of the forecast for the fiscal year. Program to strengthen competitiveness starts.

Retrieved on: 
fredag, maj 10, 2024

The gross margin achieved in the second quarter of the current fiscal year was 38.6 percent, compared with 43.2 percent in the prior quarter.

Key Points: 
  • The gross margin achieved in the second quarter of the current fiscal year was 38.6 percent, compared with 43.2 percent in the prior quarter.
  • The Segment Result in the second quarter of the 2024 fiscal year was €707 million, compared with €831 million in the prior quarter.
  • Operating profit for the second quarter of the 2024 fiscal year reached €496 million, compared with €702 million in the prior quarter.
  • The tax expense in the second quarter of the 2024 fiscal year amounted to €93 million, compared with €134 million in the prior quarter.

Denali Therapeutics Reports First Quarter 2024 Financial Results and Business Highlights

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tisdag, maj 7, 2024

SOUTH SAN FRANCISCO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Denali Therapeutics Inc. (Nasdaq: DNLI), a biopharmaceutical company developing a broad portfolio of product candidates engineered to cross the blood-brain barrier (BBB) for the treatment of neurodegenerative diseases and lysosomal storage diseases, today reported financial results for the first quarter ended March 31, 2024, and provided business highlights.

Key Points: 
  • SOUTH SAN FRANCISCO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Denali Therapeutics Inc. (Nasdaq: DNLI), a biopharmaceutical company developing a broad portfolio of product candidates engineered to cross the blood-brain barrier (BBB) for the treatment of neurodegenerative diseases and lysosomal storage diseases, today reported financial results for the first quarter ended March 31, 2024, and provided business highlights.
  • There was no collaboration revenue for the quarter ended March 31, 2024, compared to $35.1 million for the quarter ended March 31, 2023.
  • Total research and development expenses were $107.0 million for the quarter ended March 31, 2024, compared to $128.8 million for the quarter ended March 31, 2023.
  • General and administrative expenses were $25.2 million for the quarter ended March 31, 2024, compared to $27.1 million for the quarter ended March 31, 2023.

Mayville Engineering Company Announces First Quarter 2024 Results

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tisdag, maj 7, 2024

Net sales to the powersports market were $30.3 million in the first quarter of 2024, an increase of 25.7% versus the prior-year period.

Key Points: 
  • Net sales to the powersports market were $30.3 million in the first quarter of 2024, an increase of 25.7% versus the prior-year period.
  • Net sales to other end markets for the first quarter of 2024 were $20.7 million, an increase of 109.5% year-over-year.
  • As of the end of the first quarter of 2024, the Company had held over 30 MBX kaizen events which contributed to improved margins and inventory optimization.
  • During the first quarter of 2024, the Company repaid $7.9 million of debt incurred in conjunction with the MSA acquisition.

Boundless Rider Launches Motorcycle Insurance Industry's First AI-Powered App to Lower Monthly Premiums and Promote Rider Safety

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onsdag, maj 8, 2024

BOSTON, May 8, 2024 /PRNewswire/ -- Boundless Rider Insurance Agency, LLC ("Boundless Rider"), a new insurtech focused on innovating and modernizing insurance for motorcycle and powersport riders, today announced the launch of its Safe Rider Program, which harnesses the power of AI and telematics to enhance rider safety and put money back in their pockets when the vehicle is not in use. The news arrives during Motorcycle Safety Awareness Month, which is commemorated each May to raise drivers' awareness of motorcycles on the road and promote safety measures for riders. Additionally, the company announced that Boundless Rider policies are now available for purchase in Ohio, making it possible for owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds to obtain coverage online via the Boundless Rider website or through agent partners.

Key Points: 
  • The news arrives during Motorcycle Safety Awareness Month , which is commemorated each May to raise drivers' awareness of motorcycles on the road and promote safety measures for riders.
  • Policyholders will automatically receive a 5% policy discount upon opting in to the Safe Rider Program and connecting the app to their policy.
  • Boundless Rider is currently available to riders in Texas, Arizona, Illinois and Ohio, with more states rolling out this year.
  • All policies in Arizona, Illinois, and Ohio are underwritten by Incline Casualty Company; policies in Texas are underwritten by Redpoint County Mutual Insurance Company.

Embark on an Adventure of a Lifetime in La Paz, Baja California Sur

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torsdag, april 25, 2024

La Paz, Baja California Sur, Mexico, April 25, 2024 (GLOBE NEWSWIRE) -- Adventure awaits in La Paz, the capital of Baja California Sur ,, a destination renowned for its stunning natural landscapes and thrilling outdoor activities.

Key Points: 
  • La Paz, Baja California Sur, Mexico, April 25, 2024 (GLOBE NEWSWIRE) -- Adventure awaits in La Paz, the capital of Baja California Sur ,, a destination renowned for its stunning natural landscapes and thrilling outdoor activities.
  • Situated on the shores of the Sea of Cortez, La Paz is a paradise for water sports enthusiasts.
  • For those seeking a more exhilarating experience, La Paz offers off-road adventures through the desert terrain surrounding the city.
  • Plan your adventure in La Paz today and discover the beauty and excitement that await in this captivating destination.

ATV industry players unite on safer riding for youth; Ontario Quad Safety Council launches new online training program

Retrieved on: 
tisdag, april 23, 2024

OTTAWA, April 23, 2024 (GLOBE NEWSWIRE) -- In an effort to reduce injuries and fatalities amongst young ATV riders, a group of industry players joined forces to launch online rider safety training for youth today. Ready to RideON is an Ontario Quad Safety Council program, developed in partnership with the Ontario Federation of All Terrain Vehicle Clubs (OFATV), Yamaha Motor Canada, and Bombardier Recreational Products.

Key Points: 
  • OTTAWA, April 23, 2024 (GLOBE NEWSWIRE) -- In an effort to reduce injuries and fatalities amongst young ATV riders, a group of industry players joined forces to launch online rider safety training for youth today.
  • Ready to RideON is an Ontario Quad Safety Council program, developed in partnership with the Ontario Federation of All Terrain Vehicle Clubs (OFATV), Yamaha Motor Canada , and Bombardier Recreational Products .
  • “We know that helping these young riders build confidence and skills is key to mitigating accidents across the province.
  • Currently, youth aged 12 to 15 are allowed to ride on trails in Ontario and no rider training or rider safety education is required.