Volkswagen Group

EQS-News: paragon reports revenue success and significant debt reduction

Retrieved on:

Tuesday, August 22, 2023

Personal digital assistant, Volkswagen Group, COVID-19, Sale, Gesellschaft mit beschränkter Haftung, EUR, EBITDA, Euro, ISIN, SE, Digital, CARIAD, Paragon, CHF, Film industry, Credit, Music

In the first half of 2023, sales revenues were further increased and at the same time debt was significantly reduced.

Key Points:

In the first half of 2023, sales revenues were further increased and at the same time debt was significantly reduced.
paragon increased its consolidated sales in the first six months to EUR 86.6 million.
In the first half of 2023, paragon successfully completed the sale of paragon semvox GmbH (Digital Assistance business unit) to CARIAD SE, the software company of the Volkswagen Group.
The proceeds from the sale were consistently used to further reduce the paragon group's debt.

Meyers Manx Introduces the Resorter NEV: A Modern Take on a Beloved Classic

Retrieved on:

Friday, August 18, 2023

Phillip Sarofim, Chairman of Meyers Manx said, “With the Resorter NEV, we are elevating the segment by introducing an unparalleled, well-engineered vehicle with the timeless Meyers Manx aesthetic.”

Key Points:

Phillip Sarofim, Chairman of Meyers Manx said, “With the Resorter NEV, we are elevating the segment by introducing an unparalleled, well-engineered vehicle with the timeless Meyers Manx aesthetic.”
“The launch signifies a pivotal chapter in our company's journey.
Our blend of premium design, craftsmanship, and a commitment to fostering exploration of one’s surroundings sets Meyers Manx apart from the competition,” added Freeman Thomas, CEO, Meyers Manx.
The Resorter NEV has been developed in parallel with the Meyers Manx 2.0 Electric Vehicle.
Learn more about the Meyers Manx Resorter NEV by visiting their website .

XPENG Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Friday, August 18, 2023

Unaudited Financial Results for the Three Months Ended June 30, 2023

Key Points:

Unaudited Financial Results for the Three Months Ended June 30, 2023
Total revenues were RMB5.06 billion (US$0.70 billion) for the second quarter of 2023, representing a decrease of 31.9% from RMB7.44 billion for the same period of 2022 and an increase of 25.5% from RMB4.03 billion for the first quarter of 2023.
Gross margin was negative 3.9% for the second quarter of 2023, compared with 10.9% for the same period of 2022 and 1.7% for the first quarter of 2023.
Basic and diluted net loss per ADS were both RMB3.25 (US$0.45) for the second quarter of 2023, compared with RMB3.16 for the second quarter of 2022 and RMB2.71 for the first quarter of 2023.
Non-GAAP basic and diluted net loss per ADS were both RMB3.10 (US$0.43) for the second quarter of 2023, compared with RMB2.88 for the second quarter of 2022 and RMB2.57 for the first quarter of 2023.

Andy Kozma leads vialytics Americas, Inc.

Retrieved on:

Wednesday, August 16, 2023

We are thrilled that Andy Kozma accepts lead responsibility for our U.S. operations besides his CRO role," states Patrick Glaser, CEO and co-founder of vialytics.

Key Points:

We are thrilled that Andy Kozma accepts lead responsibility for our U.S. operations besides his CRO role," states Patrick Glaser, CEO and co-founder of vialytics.
At vialytics, Andy Kozma is driving the company's vision of using artificial intelligence to provide better roads and bike lanes in municipalities.
"vialytics is a matter of the heart for me," Andy Kozma explains his mission.
With Andy Kozma as President, vialytics will expand its operations across the nation establishing regional offices to better support clients and engage in collaborative projects with local administrations, offering personal and hands-on support.

Innoviz Reiterates Value Proposition in Open Letter to Shareholders

Retrieved on:

Wednesday, August 16, 2023

TEL AVIV, Israel, Aug. 16, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) ("Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today issued an open letter to its shareholders following its recently-completed underwritten public offering of ordinary shares, in which Co-Founder and CEO Omer Keilaf highlights the Company's strong operational execution and recent customer wins.

Key Points:

Innoviz is currently participating in over five active RFQ sourcing processes, all with major automotive OEMs.
We believe we are in a once-in-a-lifetime market share capture window for the automotive LiDAR industry.
Winner Takes Most Market: At Innoviz, we believe the automotive LiDAR industry is ultimately going to be a winner-takes-most market.
When combined, these factors point to a strong backdrop for Innoviz in the programs that we are actively competing on.

Mobis received a large-scale order for EV components from a major global automaker

Retrieved on:

Wednesday, August 9, 2023

XEV, BSA, EV, Czech Republic, KAM, Volkswagen Group, Volkswagen, Nike Air Max, Hyundai Mobis, BMS, Automotive industry, Rail transport, Renewable energy

Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker.

Key Points:

Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker.
This is an extensive order for electric vehicle components that the company has received from a key global automaker, a remarkable achievement that acknowledges the company's competitive edge in mass production of electric vehicle parts, which Mobis has been building meticulously for over 10 years.
With this recent order, Mobis has obtained a stable foundation to expand its presence in the global electric vehicle market across major regions.
In light of this sizable overseas contract, Mobis is expecting additional orders for electric vehicle components in the global market.

Mobis received a large-scale order for EV components from a major global automaker

Retrieved on:

Wednesday, August 9, 2023

XEV, BSA, EV, Czech Republic, KAM, Volkswagen Group, Volkswagen, Nike Air Max, Hyundai Mobis, BMS, Automotive industry, Rail transport, Renewable energy

Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker.

Key Points:

Secured an extensive order for Battery System Assembly (BSA), a key EV component, from Volkswagen AG, the largest European automaker.
This is an extensive order for electric vehicle components that the company has received from a key global automaker, a remarkable achievement that acknowledges the company's competitive edge in mass production of electric vehicle parts, which Mobis has been building meticulously for over 10 years.
With this recent order, Mobis has obtained a stable foundation to expand its presence in the global electric vehicle market across major regions.
In light of this sizable overseas contract, Mobis is expecting additional orders for electric vehicle components in the global market.

Porsche Cars North America appoints new Corporate Communications Manager

Retrieved on:

Tuesday, August 8, 2023

Corporate communication, Hopkins, Orchard, PCNA, Apollo, The Orchard, Missouri School of Journalism, Sony Music, Volkswagen Group, PR, Porsche, Journalism

Atlanta, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Porsche Cars North America has appointed Jarred Hopkins as the Corporate Communications Manager as key part of the Atlanta-based communications team.

Key Points:

Atlanta, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Porsche Cars North America has appointed Jarred Hopkins as the Corporate Communications Manager as key part of the Atlanta-based communications team.
In his new role, Hopkins will oversee all corporate-focused communications for Porsche in the United States, and report directly to Angus Fitton, Vice-President of Public Relations.
Hopkins previously held the position of Corporate Communications Manager at The Orchard, a subsidiary of Sony Music Entertainment.
Supporting him on the corporate communications team at PCNA are Jennifer Bixler and Marcus Garner.

Parking Management Market worth $6.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, August 3, 2023

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.

Key Points:

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.
North America has witnessed significant growth in the Parking Management Market, leading the market in market share.
The utilisation of available parking spaces is optimised via parking management technologies like smart parking systems.
As a result of drivers spending less time searching for parking, efficient parking management can result in smoother traffic flow.

Parking Management Market worth $6.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Thursday, August 3, 2023

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.

Key Points:

Professionals in this field use the latest techniques, strategies, and skills to encourage customers to adopt innovative parking management solutions.
North America has witnessed significant growth in the Parking Management Market, leading the market in market share.
The utilisation of available parking spaces is optimised via parking management technologies like smart parking systems.
As a result of drivers spending less time searching for parking, efficient parking management can result in smoother traffic flow.