General Automotive

Ford to Discuss Operating Results for Third-Quarter 2022, Full-Year Outlook, at Chat With Bank of America Securities

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Wednesday, October 12, 2022

Ford plans to announce its third-quarter financial results after the close of market the day prior, on Wednesday, Oct. 26.

Key Points:

Ford plans to announce its third-quarter financial results after the close of market the day prior, on Wednesday, Oct. 26.
The discussion will focus on significant progress made against the Ford+ plan, including to scale development and delivery of breakthrough connected electric vehicles from its Ford Model e business unit.
Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles.
More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.

Customer Satisfaction with Rental Car Companies Affected by Rapidly Rising Costs, J.D. Power Finds

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Wednesday, October 12, 2022

Although North American airport-based rental car companies have largely solved the vehicle supply shortage that caused a significant decline in customer satisfaction in 2021, overall customer satisfaction levels have not improved in 2022.

Key Points:

Although North American airport-based rental car companies have largely solved the vehicle supply shortage that caused a significant decline in customer satisfaction in 2021, overall customer satisfaction levels have not improved in 2022.
Power 2022 North America Rental Car Satisfaction Study,SM released today, rapidly rising rental feeswhich are up 14% this yearare suppressing overall customer satisfaction and driving a steady decline in rental car company brand image.
If rental car companies want to offset the influence of these cost increases on customer satisfaction and their brand loyalty, they are going to have to work hard to deliver outsized value by ramping up service.
Enterprise ranks highest in overall customer satisfaction for a second consecutive year, with a score of 865.

Monro, Inc. to Report Second Quarter Fiscal 2023 Earnings on October 26, 2022

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Wednesday, October 12, 2022

Retail, Automotive, General Automotive, Other Retail, Tires & Rubber, Specialty, Trust, NASDAQ, Company, Growth, Investor, Professional, Nasdaq

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2023 second quarter earnings on October 26, 2022.

Key Points:

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2023 second quarter earnings on October 26, 2022.
The Company will host a conference call and audio webcast on Wednesday, October 26, 2022 at 8:30 a.m. Eastern Time.
The conference call may be accessed by dialing 1-833-927-1758 and using the required access code of 740974.
A replay can also be accessed via audio webcast at the Investors section of the Companys website, located at [ corporate.monro.com/investors ].

Carvana Unveils Co-Signer Financing in Yonkers

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Wednesday, October 12, 2022

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By sharing responsibility for the vehicle loan, Carvana customers in Yonkers who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.

Key Points:

By sharing responsibility for the vehicle loan, Carvana customers in Yonkers who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
View the full release here: https://www.businesswire.com/news/home/20221012005055/en/
Carvana makes it easier for Yonkers car buyers to purchase a car they love with new co-signer financing option.
Carvana co-signer financing is available to qualified Yonkers customers before its official nationwide launch.
For further information on Carvana, please visit www.carvana.com , try our Online Chat , or connect with us on Facebook , Instagram , Twitter , YouTube or the Carvana Blog .

Carvana Continues Rolling Out New Co-Signer Financing in New York City

Retrieved on:

Wednesday, October 12, 2022

By sharing responsibility for the vehicle loan, Carvana customers in New York City who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.

Key Points:

By sharing responsibility for the vehicle loan, Carvana customers in New York City who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
View the full release here: https://www.businesswire.com/news/home/20221012005056/en/
Carvana launches new online co-signer financing for qualified New York City residents.
Carvana co-signer financing is available to qualified New York City customers before its official nationwide launch.
For further information on Carvana, please visit www.carvana.com , try our Online Chat , or connect with us on Facebook , Instagram , Twitter , YouTube or the Carvana Blog .

Carvana Brings Co-Signer Financing to Buffalo

Retrieved on:

Wednesday, October 12, 2022

By sharing responsibility for the vehicle loan, Carvana customers in Buffalo who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.

Key Points:

By sharing responsibility for the vehicle loan, Carvana customers in Buffalo who qualify may unlock more attractive financing offers, including lower down payments, lower interest rates, or lower monthly payments.
View the full release here: https://www.businesswire.com/news/home/20221012005054/en/
Carvana improves affordability and selection with new co-signer financing option for qualified Buffalo applicants.
Carvana co-signer financing is available to qualified Buffalo customers before its official nationwide launch.
For further information on Carvana, please visit www.carvana.com , try our Online Chat , or connect with us on Facebook , Instagram , Twitter , YouTube or the Carvana Blog .

Mercedes-Benz and Microsoft Collaborate to Boost Efficiency, Resilience and Sustainability in Car Production

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Wednesday, October 12, 2022

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With the new MO360 Data Platform, Mercedes-Benz is connecting its around 30 passenger car plants worldwide to the Microsoft Cloud, enhancing transparency and predictability across its digital production and supply chain.

Key Points:

With the new MO360 Data Platform, Mercedes-Benz is connecting its around 30 passenger car plants worldwide to the Microsoft Cloud, enhancing transparency and predictability across its digital production and supply chain.
The ability to predict and prevent problems in production and logistics will become a key competitive advantage as we go all electric.
Judson Althoff, Executive Vice President and Chief Commercial Officer at Microsoft: Mercedes-Benz partnership with Microsoft is a testament to the power of the industrial metaverse.
Microsoft (Nasdaq MSFT @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge.

Asbury Automotive Group Schedules Release of Third Quarter 2022 Financial Results

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Tuesday, October 11, 2022

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Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on Thursday, October 27, 2022.

Key Points:

Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on Thursday, October 27, 2022.
Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
The conference call will be simulcast live on the internet and can be accessed by logging onto https://investors.asburyauto.com/ .
Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S.

Lightning eMotors Produces 104 Vehicles and Powertrains in the Third Quarter of 2022

Retrieved on:

Tuesday, October 11, 2022

Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that it produced 104 vehicles and powertrains during the third quarter of 2022, up from 74 during the second quarter of 2022.

Key Points:

Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that it produced 104 vehicles and powertrains during the third quarter of 2022, up from 74 during the second quarter of 2022.
Going forward, Lightning plans to disclose unit production levels after the end of each quarter.
Over the past year we have invested in people, equipment, and processes to improve output, efficiency, and quality.
Lightning eMotors will release the complete financial details of its third quarter, including the number of vehicles sold during the third quarter, at our earnings announcement on November 7, 2022.

VSE Corporation Amends, Extends and Upsizes Credit Facility

Retrieved on:

Tuesday, October 11, 2022

VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for land, sea and air transportation assets for government and commercial markets, today announced that it has successfully amended, extended and upsized the Companys existing credit facility with its lending syndicate.

Key Points:

VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for land, sea and air transportation assets for government and commercial markets, today announced that it has successfully amended, extended and upsized the Companys existing credit facility with its lending syndicate.
Our amended credit facility serves to lower borrowing costs, increase availability under our term loan, and extend the maturity date; the combination of which further positions us to continue to execute on our transformation and growth strategy, said Stephen Griffin, Chief Financial Officer of VSE Corporation.
We want to thank our lending syndicate for their continued partnership and confidence in the strategic direction of our business.
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets.