Car rental

Europcar Mobility Group Expands in India, With Satguru Travel Becoming Its New Europcar Franchisee

Retrieved on: 
Monday, March 4, 2024
Fleet Management, Transportation, EV, Electric Vehicles, Aftermarket, Alternative Vehicles, Fuels, Travel, Automotive, General Automotive, Satguru, MD, Growth, GDP, City, Premium, Partnership, Car rental

Satguru Travel is one of the leading Indian Travel Management Companies, also having a global footprint, with 125 offices in over 70 countries.

Key Points: 
  • Satguru Travel is one of the leading Indian Travel Management Companies, also having a global footprint, with 125 offices in over 70 countries.
  • Europcar Mobility Group and Satguru are already working together since 2010, as Satguru is the Group's franchise partner in Tanzania, Rwanda and Egypt.
  • Partnering with Europcar Mobility Group and serving as its franchisee, Satguru Travel envisions to accelerate its growth by establishing the Europcar brand as a Premium mobility solution in India, serving both domestic Indian customers and inbound travelers.
  • Jose Blanco, Chief Sales Officer, Europcar Mobility Group, commented: “Europcar Mobility Group is delighted to announce the signing of our newest franchise agreement with Satguru Travel ; India being one of the prime targets of Europcar Mobility Group’s geographical expansion strategy.

SIXT Grows by 18% to Record Revenue in 2023 and Achieves Second-Best Result in the Company’s History

Retrieved on: 
Friday, March 1, 2024
Public Transport, Trucking, EV, Electric Vehicles, Automotive, Air, Transport, Transportation, Logistics, Supply Chain Management, Travel, Fleet Management, CFO, Acquisition, Sustainability, Annual general meeting, BBB, OEM, Supervisory board, Pressure, NBA, Investment, Marketing, Growth, Airport, Sale, COVID-19, Elli, BMW, S&P, EUR, Los Angeles Lakers, DriveNow, Mercedes-Benz, Consolidated, Mini, CO2, Stellantis, Tax, Politics, EBT, Annual, Corporation, Environment, Depreciation, Car rental

SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.

Key Points: 
  • SIXT continued its growth trajectory in 2023 and achieved record revenue for the second year in a row.
  • We reached our ambitious goals in 2023, both in terms of our business figures and implementation of our strategy.
  • SIXT assumes that without these two effects relating to e-mobility, the last financial year would have closed with EBT above the record year 2022.
  • In 2023, SIXT continued to consistently drive the implementation of its EXPECT BETTER strategy forward and invested heavily in growth and quality.

Nidec Announces the Status of Own Share Repurchase

Retrieved on: 
Friday, March 1, 2024
Robotics, Machine Tools, Metalworking & Metallurgy, Automotive Manufacturing, Technology, Manufacturing, Hardware, Machinery, Nidec, OTC, Share repurchase, Companies Act, Total, Corporation, Car rental

Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.

Key Points: 
  • Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the “Company”) today announced the status of the Company’s own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 24, 2024, pursuant to Item 1 of Article 459 (1) of the Companies Act of Japan.
  • Period of own share repurchase: From February 1, 2024 through February 29, 2024
    Number of own shares repurchased: 0
    Note: The above repurchase information has been prepared on the basis of trade date.
  • A) Details of the share repurchase plan authorized by the Board of Directors on January 24, 2024:
    Total number of shares that may be repurchased: Up to 2,000,000 shares
    (0.34% of total number of shares issued, excluding treasury stock)
    B) Total number and yen amount of own shares repurchased from January 25, 2024 through February 29, 2024, pursuant to the Board of Directors resolution above:
    Total number of own shares repurchased: 0
    View source version on businesswire.com: https://www.businesswire.com/news/home/20240229107009/en/

Blackbaud to Repurchase 7% to 10% of Outstanding Shares Under $500 Million Stock Repurchase Program

Retrieved on: 
Monday, March 4, 2024
Bank, Share repurchase, Security (finance), Hand, ASR, BLKB, Bank of America, Software, Car rental

CHARLESTON, S.C., March 4, 2024 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that it intends to repurchase 7% to 10% of the Company's common stock through the end of 2024. The repurchases will be made through a combination of accelerated share repurchase plans, block trades, and open market purchases as part of the Company's previously announced $500 million share repurchase authorization.

Key Points: 
  • The repurchases will be made through a combination of accelerated share repurchase plans, block trades, and open market purchases as part of the Company's previously announced $500 million share repurchase authorization.
  • Consistent with this commitment, the Company has entered into an Accelerated Share Repurchase ("ASR") agreement with Bank of America, N.A., to repurchase $200 million of the Company's common stock.
  • Since December 2023, the Company has repurchased approximately $77 million of Blackbaud common stock, excluding the ASR announced today.
  • The execution on our increased share repurchase authorization reflects our confidence in Blackbaud and upside value creation ahead.

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.