Car

Which tire brand is the strongest? The global rankings are revealed in the ApexTire2023 Tire Annual Excellence Awards.

Retrieved on: 
Tuesday, April 2, 2024

The "ApexTire2023 China Tire Annual Excellence Awards and Automobile Service Competitiveness Selection," themed "New Quality, New Momentum" (hereinafter referred to as ApexTire2023), is initiated and organized by TireChina.net, with support from mainstream industry institutions and numerous media partners.

Key Points: 
  • The "ApexTire2023 China Tire Annual Excellence Awards and Automobile Service Competitiveness Selection," themed "New Quality, New Momentum" (hereinafter referred to as ApexTire2023), is initiated and organized by TireChina.net, with support from mainstream industry institutions and numerous media partners.
  • This event aimed to lead industry professionals to engage in deeper reflections on the industry and actively promote its healthy development.
  • The new quality productivity leads the tire industry onto a new track.
  • "ApexTire2023" aims to "establish industry benchmarks and inspire the future of the industry," guiding the direction of tire product and technological advancement.

Forsman & Bodenfors Springboards in the UK as Crispin Porter Bogusky London Becomes Part of the F&B Collective

Retrieved on: 
Thursday, March 28, 2024

LONDON, March 28, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW)'s Forsman & Bodenfors, the global creative collective, today announced it will integrate Crispin Porter Bogusky's UK agency, CPB London, four months after it opened a satellite office in London. CPB London CEO, Helen James, will lead the newly combined entity, managing the team and reporting to Forsman & Bodenfors' global CEO, Toby Southgate. The London agency will now become a major hub in the global Forsman & Bodenfors collective.

Key Points: 
  • LONDON, March 28, 2024 /PRNewswire/ -- Stagwell (NASDAQ: STGW)'s Forsman & Bodenfors , the global creative collective, today announced it will integrate Crispin Porter Bogusky's UK agency, CPB London, four months after it opened a satellite office in London.
  • CPB London CEO, Helen James, will lead the newly combined entity, managing the team and reporting to Forsman & Bodenfors' global CEO, Toby Southgate.
  • The London agency will now become a major hub in the global Forsman & Bodenfors collective.
  • James commented, "It's incredibly exciting to be welcomed into the Forsman & Bodenfors family, a brand we've long respected and indeed felt akin to in Europe.

China Automotive Systems Reports Record Annual Revenue, and a 81.2% Increase in Diluted Net Income Per Share to $1.25 in Fiscal Year 2023

Retrieved on: 
Thursday, March 28, 2024

WUHAN, China, March 28, 2024 /PRNewswire/ -- China Automotive Systems, Inc. (NASDAQ: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2023.

Key Points: 
  • We posted a 24.6% increase in our electric power steering ("EPS") products which now accounts for 33.8% of total net sales in 2023.
  • In the fourth quarter of 2023, net sales increased by 23.6% to $159.2 million compared to $128.8 million in the same quarter of 2022.
  • Diluted income per share was $0.36 in the fourth quarter of 2023, compared to diluted income per share of $0.14 in the fourth quarter of 2022.
  • Diluted net income per share increased by 81.2% to $1.25 in 2023 compared to $0.69 in 2022.

Kia EV9 secures double win at the 2024 World Car Awards

Retrieved on: 
Wednesday, March 27, 2024

SEOUL, South Korea and NEW YORK, March 27, 2024 /PRNewswire/ -- The 2024 Kia EV9 has achieved a remarkable dual victory at the 2024 World Car Awards. Revealed during a live announcement at the World Car Awards ceremony at the New York Auto Show, the EV9 secured prestigious titles for both World Car of the Year and World Electric Vehicle.

Key Points: 
  • SEOUL, South Korea and NEW YORK, March 27, 2024 /PRNewswire/ -- The 2024 Kia EV9 has achieved a remarkable dual victory at the 2024 World Car Awards.
  • Revealed during a live announcement at the World Car Awards ceremony at the New York Auto Show, the EV9 secured prestigious titles for both World Car of the Year and World Electric Vehicle.
  • Prior to the 2024 event, Kia had already claimed three wins at the World Car Awards – the Telluride as World Car of the Year and the Soul EV as World Urban Car in 2020, along with the Kia EV6 GT taking World Performance Car of the Year in 2023.
  • "We are hugely honored that the 2024 EV9 has been named the World Car of the Year and World Electric Vehicle.

Kia EV9 secures double win at the 2024 World Car Awards

Retrieved on: 
Wednesday, March 27, 2024

SEOUL, South Korea and NEW YORK, March 27, 2024 /PRNewswire/ -- The 2024 Kia EV9 has achieved a remarkable dual victory at the 2024 World Car Awards. Revealed during a live announcement at the World Car Awards ceremony at the New York Auto Show, the EV9 secured prestigious titles for both World Car of the Year and World Electric Vehicle.

Key Points: 
  • SEOUL, South Korea and NEW YORK, March 27, 2024 /PRNewswire/ -- The 2024 Kia EV9 has achieved a remarkable dual victory at the 2024 World Car Awards.
  • Revealed during a live announcement at the World Car Awards ceremony at the New York Auto Show, the EV9 secured prestigious titles for both World Car of the Year and World Electric Vehicle.
  • Prior to the 2024 event, Kia had already claimed three wins at the World Car Awards – the Telluride as World Car of the Year and the Soul EV as World Urban Car in 2020, along with the Kia EV6 GT taking World Performance Car of the Year in 2023.
  • "We are hugely honored that the 2024 EV9 has been named the World Car of the Year and World Electric Vehicle.

VantageScore CreditGauge™ February 2024: Consumers Continued to Move "Up or Out" as VantageScore Prime Credit Tier Contracted By 1.1% Year Over Year

Retrieved on: 
Wednesday, March 27, 2024

The lowest VantageScore 4.0 credit score is 300, while the highest score is 850.

Key Points: 
  • The lowest VantageScore 4.0 credit score is 300, while the highest score is 850.
  • While the average consumer remained credit healthy, the number of consumers in the VantageScore Prime credit tier (661-780) shrank for the second consecutive month.
  • The VantageScore Prime credit tier contracted by 1.1% year over year with the largest moves "up" into VantageScore Superprime (781-850) or "out" into VantageScore Subprime (300-600).
  • "The tale of two consumers is becoming more pronounced," said Susan Fahy, EVP and Chief Digital Officer at VantageScore.

New Omdia Research Reveals 2023 Semiconductor Market Revenue down 9% from 2022

Retrieved on: 
Wednesday, March 27, 2024

Demand has softened due to macroeconomic factors, while semiconductor component supply has increased," comments Cliff Leimbach, Senior Research Analyst at Omdia .

Key Points: 
  • Demand has softened due to macroeconomic factors, while semiconductor component supply has increased," comments Cliff Leimbach, Senior Research Analyst at Omdia .
  • NVIDIA has been the clear winner in this space, more than doubling its semiconductor revenue from 2022 to $49 billion in 2023.
  • In 2023, the automotive segment exerted greater influence in the semiconductor market as it increased its revenue growth to over 15% in 2023 to over $75 billion.
  • "NVIDIA's rapid growth in semiconductor revenue has placed them as the second largest semiconductor company by revenue in 2023, trailing Intel.

United States Electric Vehicles Market Analysis Report 2024-2030 Featuring Tesla, BMW, BYD, Mercedes-Benz, Ford, General Motor, Nissan, and Toyota

Retrieved on: 
Tuesday, March 26, 2024

DUBLIN, March 26, 2024 /PRNewswire/ -- The "United States Electric Vehicles Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 26, 2024 /PRNewswire/ -- The "United States Electric Vehicles Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
  • The popularity of electric vehicles (E.V.s) is rising due to environmental awareness, government incentives, and improved battery technology.
  • The recognition of electrical vehicles (E.V.s) in the U.S. is surging because of heightened environmental attention and authorities' initiatives promoting sustainable transportation.
  • E.V.

IDTechEx Finds EVs Will Make Mining Cleaner and Cheaper

Retrieved on: 
Tuesday, March 26, 2024

The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.

Key Points: 
  • The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.
  • The new IDTechEx report, " Electric Vehicles in Mining 2024-2044: Technologies, Players, and Forecasts ", finds that the electric mining vehicle market is on the cusp of rapid growth, with a 20-year CAGR of 38% forecasted.
  • This article will explore these factors to demonstrate why mining companies and vehicle manufacturers have been so keen to embrace electrification.
  • The introduction of electric haul trucks and other electric mining vehicles creates huge potential for the decarbonization of mining and allows mining companies and OEMs to meet their individual emissions targets.

IDTechEx Finds EVs Will Make Mining Cleaner and Cheaper

Retrieved on: 
Tuesday, March 26, 2024

The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.

Key Points: 
  • The use of EVs in global mining is on the rise and could be set to change attitudes towards the industry at large.
  • The new IDTechEx report, " Electric Vehicles in Mining 2024-2044: Technologies, Players, and Forecasts ", finds that the electric mining vehicle market is on the cusp of rapid growth, with a 20-year CAGR of 38% forecasted.
  • This article will explore these factors to demonstrate why mining companies and vehicle manufacturers have been so keen to embrace electrification.
  • The introduction of electric haul trucks and other electric mining vehicles creates huge potential for the decarbonization of mining and allows mining companies and OEMs to meet their individual emissions targets.