Ford

Carbon Revolution Announces Record Revenue Results for First Half 2024

Retrieved on: 
Tuesday, April 9, 2024
Carbon, Dark, Wheel, OIC, Negotiation, Range Rover, Z06, Corvette Z06, Range, Ford, OEM, Revolution, Corvette, Fiscal

GEELONG, Australia, April 09, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced fiscal first half 2024 results for the period ending December 31, 2023 (unaudited). First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year. Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.

Key Points: 
  • First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year.
  • Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.
  • Carbon Revolution is an early-stage growth company that is reliant on new capital until it reaches profitability and positive free cashflow.
  • “Carbon Revolution reported half year revenue in the fiscal first half of 2024, up 107% year-over-year to US$26.1 million, driven by increased demand from the Corvette Z06 program, and the launches of the Range Rover Sport SV and Ford Mustang Dark Horse programs” said Jake Dingle, CEO of Carbon Revolution.

National Gallery of Art Appoints Natalia Ángeles Vieyra as Associate Curator of Latinx Art

Retrieved on: 
Thursday, April 4, 2024
Getty Foundation, Spanish Empire, Archive, Vieyra, National Gallery, Foundation (nonprofit), Van Gogh Museum, Temple University, Research, History, ALAM, Acquisition, University, Ford, Doctor of Philosophy, Getty, National Gallery of Art, Fine art, Smithsonian American Art Museum, Brandywine Workshop and Archives, Leer, Worcester Art Museum, Collection, BFA, Harvard Art Museums, Philadelphia Museum of Art

Washington, DC, April 04, 2024 (GLOBE NEWSWIRE) -- (Leer en español) The National Gallery of Art announced today that Natalia Ángeles Vieyra will join the museum as associate curator of Latinx art.

Key Points: 
  • Washington, DC, April 04, 2024 (GLOBE NEWSWIRE) -- (Leer en español) The National Gallery of Art announced today that Natalia Ángeles Vieyra will join the museum as associate curator of Latinx art.
  • As the field of Latinx art spans history and media, Vieyra will collaborate with other curatorial departments to integrate Latinx art and perspectives within the museum’s overall program.
  • “We are thrilled to welcome Natalia Ángeles Vieyra as our first curator of Latinx art.
  • I am excited to connect with and inspire Latinx communities through art, and to champion Latinx artists on the national stage,” Vieyra said.

Blackboxstocks Acquisition Target Evtec Reports Revenue Increased 115% in FY2023 Projects $52 Million for FY2024

Retrieved on: 
Tuesday, April 2, 2024
Aston, EV, Pressure, Growth, Aluminium, FY, Social media, Acquisition, Ford, OEM, McLaren (surname), Jaguar Land Rover, Engineering

Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%.

Key Points: 
  • Revenue for the twelve months of FY 2023 reached $30.9 million compared to $14.4 million for FY2022 ended June 30, 2022, an increase of 115%.
  • Revenue for the first half of fiscal 2024 was $21.3 million, an increase of 53% compared to $13.9 million for the first half of fiscal 2023, ended December 31, 2022.
  • Total projected revenue for FY 2024 ending June 30, 2024, is expected to increase approximately $21 million to $52 million.
  • Evtec Aluminum Limited (Evtec) has established itself as one of the leading OEM suppliers in the UK across the automotive, emobility, marine and power train sectors.

2024 Ontario Budget Builds on Province’s Commitment to Building More Homes Faster

Retrieved on: 
Wednesday, March 27, 2024
Provincial, Foot, Ford, Housing, Real, Water, Site, Government

“Today’s 2024 Ontario Budget reaffirms the Provincial Government’s commitment to investing in building more homes, infrastructure, and transit across the province.

Key Points: 
  • “Today’s 2024 Ontario Budget reaffirms the Provincial Government’s commitment to investing in building more homes, infrastructure, and transit across the province.
  • Ontario REALTORS® commend the Province’s $190B investment to expand critical infrastructure over the next decade, including highways, transit, homes, and high-speed internet – necessary improvements to support new communities and economic growth.
  • Building more homes on existing properties is an essential key to unlocking affordable homeownership.
  • Today’s Ontario Budget is a step in the right direction, and Ontario REALTORS® thank Finance Minister Peter Bethlenfalvy and the Ford Government for putting forward a strong fiscal foundation.”

TRREB: The Province is Hearing Our Housing Calls – the New Ontario Budget

Retrieved on: 
Wednesday, March 27, 2024
Greater Toronto Area, Policy, Ford, Housing, Water, Legislation, Property management

The release of the 2024 Ontario Budget provides critical support to the province’s effort to save the Canadian dream of homeownership.

Key Points: 
  • The release of the 2024 Ontario Budget provides critical support to the province’s effort to save the Canadian dream of homeownership.
  • Ontario is moving ahead with critical funding to connect developable land to water, sewer and other housing enabling infrastructure.
  • Modular homes are built quickly and are a cost-effective option that will help Ontario meet its housing supply targets.
  • The budget signals the province’s strong commitment to using modular housing and more innovative technologies to help solve the housing affordability crisis.

Statement from Restaurants Canada on Ontario Budget

Retrieved on: 
Tuesday, March 26, 2024
LCBO, Policy, Transport, Ford, Insurance, Freezing, Housing, Plastic, Restaurant, Movement, Government

Toronto, March 26, 2024 (GLOBE NEWSWIRE) -- While there were some initiatives welcomed by Restaurants Canada, today’s Budget does not include any additional specific supports for our struggling restaurants sector.

Key Points: 
  • Toronto, March 26, 2024 (GLOBE NEWSWIRE) -- While there were some initiatives welcomed by Restaurants Canada, today’s Budget does not include any additional specific supports for our struggling restaurants sector.
  • The Ontario Budget includes initiatives that target housing affordability, labour and training funding, transportation, and energy costs.
  • “Restaurants need additional cost relief to cope with the rising cost of doing business – in Ontario and across the country.
  • Restaurants Canada welcomes initiatives announced today but will continue to call on the Ford Government to take additional specific actions to help our sector.

Budget 2024 Prepares Ontario for Growth; Construction Budget is Needed Action on Ontario’s Plans to Build

Retrieved on: 
Tuesday, March 26, 2024
GTA, Government, Growth, Natural Resources, Bradford Bypass, Economic development, Transport, Greater Toronto Area, Ford, Quality of life, Carbon, Housing, Investment, Water, Ministry, Renewable energy

This is a budget focussed on construction, with real action on Ontario’s plans to build critical infrastructure for a growing province.

Key Points: 
  • This is a budget focussed on construction, with real action on Ontario’s plans to build critical infrastructure for a growing province.
  • “The investments in critical infrastructure in Budget 2024 are a reflection of the priorities of the people of Ontario,” said Nadia Todorova, Executive Director of RCCAO.
  • The priorities outlined in today’s budget highlights the long-term need to build and upgrade infrastructure across Ontario.
  • The 2024 Ontario Budget continues the province’s commitment to the projects that will deliver for the people of this province.”

Ford’s Budget sounds death knell for public services in Ontario, says OFL

Retrieved on: 
Tuesday, March 26, 2024
University, Education, School, Statistics Canada, Public policy, Ford, Private sector, Investment, Nursing, Government, Renewable energy

TORONTO, March 26, 2024 (GLOBE NEWSWIRE) -- Doug Ford’s obsession with tax cuts and tax credits in today’s provincial Budget sounds the death knell for Ontario’s languishing public services, says the Ontario Federation of Labour (OFL).

Key Points: 
  • TORONTO, March 26, 2024 (GLOBE NEWSWIRE) -- Doug Ford’s obsession with tax cuts and tax credits in today’s provincial Budget sounds the death knell for Ontario’s languishing public services, says the Ontario Federation of Labour (OFL).
  • The devastating result will be the loss of nearly $8 billion in revenue in 2023-24, which is urgently needed to restore public services like health care and education.
  • “This Budget will make life harder and more expensive for the people of Ontario,” said Laura Walton, OFL President.
  • “The decision to starve our public services is not just incompetence,” added Walton.

Glaring Omission: Ford Government Budget Ignores Teachers, Failing Students Yet Again

Retrieved on: 
Tuesday, March 26, 2024
Learning, Achievement Medal, Mental, Education, School, Mental health, Ford, Student, Investment, Love, Conservatism, OECTA, Government, Catholic Church, Violence, Tutoring

It is Ontario’s teachers that make our schools world class, and this budget does nothing to support the critical work that they do.

Key Points: 
  • It is Ontario’s teachers that make our schools world class, and this budget does nothing to support the critical work that they do.
  • But to be at our best, we need a government that makes education and students a priority.
  • A government that makes the real investments necessary to foster healthier schools for students and teachers alike.
  • Instead, Ontarians have the Ford Conservative government, which would rather use the budget to paper over its failings with cheap accounting tricks to hide its growing inflationary cuts to education.

Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Retrieved on: 
Tuesday, April 9, 2024
Consulting, EV, Electric Vehicles, Automotive, Professional Services, Business, Marketing, Advertising, Communications, Other Automotive, General Automotive, Finance, Lincoln, Volvo, Face, Growth, Asbury Automotive Group, Original equipment manufacturer, Big Three (automobile manufacturers), Partnership, Risk, Multiple, Kerrigan, Sale, Acquisition, Ford, ICE, BMW, OEM, Toyota Financial Services, Population growth, Car dealership

The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.

Key Points: 
  • The auto dealership buy/sell market’s outperformance relative to the broader corporate M&A market is, according to the report, a result of its distinctly private structure.
  • “When earnings soared in 2021, buyers correctly projected that pandemic earnings were unsustainable and normalized earnings for valuation purposes.
  • The public dealership groups acquired 61 franchises for $2.7 billion in 2023, the second highest US acquisition spending level on record.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.