Mobility

WEX Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 8, 2024

WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2023.

Key Points: 
  • WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months and year ended December 31, 2023.
  • GAAP operating income margin was 23.9% in the fourth quarter of 2023 compared to 25.1% for the prior year comparable period.
  • Adjusted operating income margin was 39.6% in the fourth quarter of 2023 compared to 38.5% for the prior year comparable period.
  • During the fourth quarter of 2023 the Company repurchased 870 thousand shares of its stock for a total cost of approximately $150 million.

Mitsubishi Corporation, KDDI CORPORATION, Lawson, Inc. have entered into the Capital Business Partnership Agreement

Retrieved on: 
Tuesday, February 6, 2024

Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.

Key Points: 
  • Lawson and KDDI will merge their real touchpoints (Lawson stores: approximately 14,600, au Style/au shop stores: approximately 2,200) to establish large real-store networks in Japan.
  • This will enable Lawson to expand its store network and enhance its functionalities, aiming for further improvement in customer convenience.
  • - Developing services for KDDI and Lawson customers to provide good shopping deals, expanding customer visits to Lawson stores.
  • KDDI is expanding into a wide range of business areas including mobile telecommunications as core business, as well as banking, insurance, education, travel, and delivery services.

EQS-News: Knorr-Bremse sells Kiepe Electric to Heramba

Retrieved on: 
Tuesday, February 6, 2024

Munich, February 6, 2024 – Knorr-Bremse has sold Kiepe Electric, based in Düsseldorf, to Heramba.

Key Points: 
  • Munich, February 6, 2024 – Knorr-Bremse has sold Kiepe Electric, based in Düsseldorf, to Heramba.
  • Overall, however, only a small amount of synergy could be achieved between Kiepe Electric and the Rail Vehicle Systems division, which is why we made the decision to separate from Kiepe Electric.
  • With the sale of Kiepe Electric, we have now reached another important milestone, and Kiepe Electric will be able to focus clearly on its own strengths and business”.
  • The transaction consists of the acquisition of all Kiepe Electric business activities and all employees by Heramba GmbH, based in Berlin.

QAD to Showcase its Adaptive Solutions at the 2024 NAATBatt Annual Meeting and Conference

Retrieved on: 
Tuesday, February 6, 2024

QAD Inc. , a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced its participation as an exhibitor and official sponsor at NAATBatt’s Annual Meeting and Conference.

Key Points: 
  • QAD Inc. , a leading provider of next-generation manufacturing and supply chain solutions in the cloud, announced its participation as an exhibitor and official sponsor at NAATBatt’s Annual Meeting and Conference.
  • The 2024 NAATBatt Annual Meeting and Conference is the top industry networking and market intelligence gathering in North America.
  • The 2024 Annual Meeting marks the first time QAD will have an exhibit in the NAATBatt exhibition hall.
  • Where: Omni La Costa Resort - Carlsbad, CA
    Registration: To register to attend the 2024 NAATBatt Annual Meeting and Conference, click here .

Worldwide Tablet Shipments Hit Their Lowest Level Since 2011 in 2023, According to IDC

Retrieved on: 
Monday, February 5, 2024

Worldwide tablet shipments declined 17.4% year over year in the fourth quarter of 2023 (4Q23), totaling 36.8 million units, according to preliminary data from the International Data Corporation ( IDC ) Worldwide Quarterly Personal Computing Device Tracker .

Key Points: 
  • Worldwide tablet shipments declined 17.4% year over year in the fourth quarter of 2023 (4Q23), totaling 36.8 million units, according to preliminary data from the International Data Corporation ( IDC ) Worldwide Quarterly Personal Computing Device Tracker .
  • This is the largest decline in fourth quarter tablet shipments since 2016.
  • For calendar year 2023, worldwide tablet shipments totaled 128.5 million units, a decline of 20.5% compared to 2022 and the lowest annual volume since 2011.
  • Top Five Tablet Companies, Worldwide Shipments, Market Share, and Year-Over-Year Growth, Q4 2023 (Preliminary results, combined company view for the current quarter only, shipments in millions)

NIO Capital Completes the Second RMB Fund at Over 3 Billion Yuan

Retrieved on: 
Monday, February 5, 2024

SHANGHAI, Feb. 5, 2024 /PRNewswire/ -- NIO Capital has successfully completed its second Renminbi fund, raising over CNY 3 billion.

Key Points: 
  • SHANGHAI, Feb. 5, 2024 /PRNewswire/ -- NIO Capital has successfully completed its second Renminbi fund, raising over CNY 3 billion.
  • The Limited Partner (LP) investors participating in the fund comprise RMB guidance funds, national-level funds, family offices and listed companies.
  • Ian Zhu, Managing Partner at NIO Capital, said: "We are thrilled about the completion of RMB Fund II.
  • Established in 2016, NIO Capital has raised five funds, including three in US dollars and two in RMB, bringing the total Asset Under Management (AUM) to 15 billion RMB.

NETSOL Technologies Announces Major Updates on Otoz Platform and Recent Traction with Key Automotive Clients

Retrieved on: 
Thursday, February 1, 2024

NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.

Key Points: 
  • NETSOL Technologies has officially unveiled Otoz 2.0 after implementing major updates to the digital retail and mobility technology platform.
  • Designed for deep integration within distinct internal ecosystems, Otoz facilitates unmatched e-commerce experiences that are fully aligned with clients’ unique brand requirements.
  • With cutting-edge technology, user-centric design, and data-driven strategies, Otoz is redefining customer engagement in the automotive realm.
  • NETSOL is set to expand its offerings with the upcoming phased launch of Otoz 2.0 over the next year.

STELLA AUTOMOTIVE AI COLLABORATES WITH MICROSOFT TO ADVANCE AUTOMOTIVE RETAIL WITH GENERATIVE AI-POWERED TECHNOLOGY

Retrieved on: 
Thursday, February 1, 2024

TAMPA, Fla., Feb. 1, 2024 /PRNewswire/ -- STELLATM Automotive AI today announced its collaboration with Microsoft to deliver a next-generation automotive retail customer experience that combines STELLA's extensive language-driven automotive technology portfolio with  Microsoft Azure AI Services.

Key Points: 
  • TAMPA, Fla., Feb. 1, 2024 /PRNewswire/ -- STELLATM Automotive AI today announced its collaboration with Microsoft to deliver a next-generation automotive retail customer experience that combines STELLA's extensive language-driven automotive technology portfolio with  Microsoft Azure AI Services.
  • "Today STELLA creates unmatched efficiency delivering front line conversational technology in the dealer environment," says Rich Sands, STELLA Automotive AI's CEO.
  • By re-platforming on Azure, STELLA will be able to integrate with Microsoft Azure advanced AI capabilities to improve its digital voice assistant.
  • The collaboration enables automotive OEMs and their customers to create a holistic user experience through seamless integrations using conversational AI.

Outdoor Advertising Market Size to Grow USD 38.9 Billion by 2032 at a CAGR of 5.1% | Valuates Reports

Retrieved on: 
Wednesday, January 31, 2024

BANGALORE, India, Jan. 31, 2024 /PRNewswire/ -- Outdoor Advertising Market Is Segmented By Type (Traditional Outdoor Advertising, Digital Outdoor Advertising ), By Service ( Billboard Advertising , Transport Advertising, Street Furniture Advertising, Placed Based Advertising, Others), By End User (BFSI, Retail and Consumer Goods, Healthcare, Transportation and Mobility, Media and Entertainment, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Key Points: 
  • BANGALORE, India, Jan. 31, 2024 /PRNewswire/ -- Outdoor Advertising Market Is Segmented By Type (Traditional Outdoor Advertising, Digital Outdoor Advertising ), By Service ( Billboard Advertising , Transport Advertising, Street Furniture Advertising, Placed Based Advertising, Others), By End User (BFSI, Retail and Consumer Goods, Healthcare, Transportation and Mobility, Media and Entertainment, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.
  • The Outdoor Advertising Market was valued at USD 23.9 Billion in 2022 and is estimated to reach USD 38.9 Billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
  • The importance of outdoor advertising as a powerful instrument for creating awareness is highlighted by the growing emphasis on brand exposure in the face of increased competition.
  • TRENDS INFLUENCING THE GROWTH OF THE OUTDOOR ADVERTISING MARKET:
    The increasing population density in urban areas and the global trend toward urbanization are major factors driving the outdoor advertising industry.

Outdoor Advertising Market Size to Grow USD 38.9 Billion by 2032 at a CAGR of 5.1% | Valuates Reports

Retrieved on: 
Wednesday, January 31, 2024

BANGALORE, India, Jan. 31, 2024 /PRNewswire/ -- Outdoor Advertising Market Is Segmented By Type (Traditional Outdoor Advertising, Digital Outdoor Advertising ), By Service ( Billboard Advertising , Transport Advertising, Street Furniture Advertising, Placed Based Advertising, Others), By End User (BFSI, Retail and Consumer Goods, Healthcare, Transportation and Mobility, Media and Entertainment, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Key Points: 
  • BANGALORE, India, Jan. 31, 2024 /PRNewswire/ -- Outdoor Advertising Market Is Segmented By Type (Traditional Outdoor Advertising, Digital Outdoor Advertising ), By Service ( Billboard Advertising , Transport Advertising, Street Furniture Advertising, Placed Based Advertising, Others), By End User (BFSI, Retail and Consumer Goods, Healthcare, Transportation and Mobility, Media and Entertainment, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.
  • The Outdoor Advertising Market was valued at USD 23.9 Billion in 2022 and is estimated to reach USD 38.9 Billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.
  • The importance of outdoor advertising as a powerful instrument for creating awareness is highlighted by the growing emphasis on brand exposure in the face of increased competition.
  • TRENDS INFLUENCING THE GROWTH OF THE OUTDOOR ADVERTISING MARKET:
    The increasing population density in urban areas and the global trend toward urbanization are major factors driving the outdoor advertising industry.