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Yamaha Motor: Consolidated Business Results Summary

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星期二, 八月 8, 2023

Vehicle Technology, Automotive, Manufacturing, Recreational Vehicles, Other Manufacturing, Motorcycles, Depreciation, Recreation, Multimedia, Motorcycle

Yamaha Motor Co., Ltd. (Tokyo:7272) announces its consolidated business results for the first half of fiscal 2023.

Key Points:

Yamaha Motor Co., Ltd. (Tokyo:7272) announces its consolidated business results for the first half of fiscal 2023.
Ordinary income was 144.8 billion yen (an increase of 29.4 billion yen or 25.4%) and net income attributable to owners of parent was 105.3 billion yen (an increase of 22.3 billion yen or 26.9%).
This is also the first time net income has exceeded 100 billion yen in a second quarter period.
Together with the positives of a weaker yen, led the Company to post record highs for net sales and incomes for a second quarter consolidated accounting period.

MTU Aero Engines Chooses GT-SUITE for Thermal Management Simulation

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星期四, 八月 3, 2023

Gamma Technologies (GT), a global leader and innovator in multi-physics system simulation software, is pleased to welcome MTU Aero Engines (MTU), a leader in the quest for emissions-free aviation, as one of its latest clients.

Key Points:

Gamma Technologies (GT), a global leader and innovator in multi-physics system simulation software, is pleased to welcome MTU Aero Engines (MTU), a leader in the quest for emissions-free aviation, as one of its latest clients.
MTU selected GT-SUITE as one of its tools for thermodynamic simulation of important components for its Water-Enhanced Turbofan (WET), which reduces contrails and CO2 and NOx emissions.
View the full release here: https://www.businesswire.com/news/home/20230803819202/en/
GT-SUITE Chosen for Thermal Management Simulation of MTU Aero Engine’s Water-Enhanced Turbofan (WET) Picture: MTU Aero Engines
The WET propulsion concept uses residual heat from exhaust to achieve a steam generator to vaporize water, which is then injected into the combustor.
“We are committed to pioneering technology with the goal of sustainable aviation,” remarked Dr. Jochen Gier, Team Lead of Cooling, Heat Transfer and Combustion at MTU.

Bird Announces Major Summer Price Reduction for Austin Riders

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星期五, 七月 28, 2023

Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, is thrilled to announce a significant summer price reduction for its ride services in Austin, Texas.

Key Points:

Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly electric transportation, is thrilled to announce a significant summer price reduction for its ride services in Austin, Texas.
This move underscores Bird's commitment to making clean, efficient, and affordable transportation accessible to everyone in this vibrant city.
"We understand that affordability can be a major barrier to adopting new forms of transportation," says Stewart Lyons, President of Bird Global.
Bird invites both new and existing users in Austin to take advantage of these low, summer rates.

LiveWire Group, Inc. Reports Second Quarter Financial Results

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星期四, 七月 27, 2023

Alternative Vehicles, Fuels, Motorcycles, General Automotive, Automotive, EV, Electric Vehicles, Scooter (motorcycle), Livewire, Investment, Del Mar, Harley-Davidson, Video game, Beauty salon

LiveWire Group, Inc. is comprised of two business segments:

Key Points:

LiveWire Group, Inc. is comprised of two business segments:
Electric Motorcycle revenue was down compared to the same quarter in the prior year due to lower unit sales of LiveWire ONE.
Increased operating losses also incorporate the added planned costs of standing up a new organization as compared to the same quarter in the prior year.
STACYC revenue was down in the second quarter due to our retail partners for electric balance bikes taking a more conservative approach to inventory in response to the macro-economic environment as compared to the second quarter of 2022.
STACYC operating loss for the second quarter was $0.1 million versus operating income of $0.8 million a year ago, largely due to gross margin driven by lower volumes.

Sonic Automotive Reports All-Time Record Quarterly Revenues

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星期四, 七月 27, 2023

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the second quarter ended June 30, 2023.

Key Points:

Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic,” the “Company,” "we," "us" or "our") ( NYSE:SAH ), one of the nation’s largest automotive retailers, today reported financial results for the second quarter ended June 30, 2023.
David Smith, Chairman and Chief Executive Officer of Sonic Automotive, stated, “Our team remains focused on executing our strategic plan and adapting our business to an evolving industry backdrop.
I am extremely proud of our team's continued efforts to maximize profitability in the near-term, while positioning Sonic for long-term success.
Sonic’s Board of Directors approved a quarterly cash dividend of $0.29 per share, payable on October 13, 2023 to all stockholders of record on September 15, 2023.

Ryvid Announces Launch Edition Anthem Ends Aug. 31, 2023

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星期三, 七月 19, 2023

Ryvid, an innovator in Electric Vehicle (EV) mobility based in Southern California, announces their launch edition Anthem reservations and introductory pricing will end Aug. 31, 2023.

Key Points:

Ryvid, an innovator in Electric Vehicle (EV) mobility based in Southern California, announces their launch edition Anthem reservations and introductory pricing will end Aug. 31, 2023.
Galactica Black will also be available at the $7,800 Launch Edition price if reserved before Aug 31, 2023.
The Anthem Launch Edition is a first-of-its-kind, customizable electric motorcycle that combines advanced aerospace technology with the simplicity of EV architecture.
To top it off the Anthem Launch Edition comes fully kitted with Pirelli Diablo Rosso™ IV Tires.

FPT Software Forges Strategic Alliance as Nippon Seiki’s Software Development Partner

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星期三, 七月 19, 2023

View the full release here: https://www.businesswire.com/news/home/20230718131963/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230718131963/en/
FPT Software and Nippon Seiki signed an MOU on July 12 in Hanoi, Vietnam (Photo: Business Wire)
The partnership was launched at a memorandum of understanding (MOU) signing ceremony in Hanoi, which announced FPT Software as Nippon Seiki's software development partner.
In the initial phase of the collaboration, FPT Software will develop platforms and applications for Nippon Seiki’s motorcycle meters, leveraging its extensive expertise in software development and the automotive domain.
To meet Nippon Seiki's needs, FPT Software will convene a team of hundreds of highly skilled software engineers by 2025 and plans to double this workforce by 2027.
Joining forces with FPT Software will also enable Nippon Seiki to rely on a trusted, experienced partner for software while focusing on its core hardware development.

Dave Cantin Group Facilitates Legacy Succession Plan for Crystal Auto Mall, Toyota and Mazda Dealerships, Closing Their Acquisition by Empire Auto Group

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星期四, 七月 13, 2023

The Dave Cantin Group (DCG), a leading financial advisory company specializing in automotive and other transportation dealership mergers and acquisitions, announced today the successful acquisition of Crystal Auto Mall’s Toyota and Mazda by the Empire Auto Group.

Key Points:

The Dave Cantin Group (DCG), a leading financial advisory company specializing in automotive and other transportation dealership mergers and acquisitions, announced today the successful acquisition of Crystal Auto Mall’s Toyota and Mazda by the Empire Auto Group.
The two built their Toyota and Mazda stores into world class destinations and household names in the New Jersey community.
"We are proud to have assisted Empire Auto Group in their acquisition of the Crystal Toyota and Crystal Mazda dealerships,” Cantin said.
Dave Cantin and Executive Vice President Brian Traugott from the Dave Cantin Group facilitated this buy/sell transaction.

Harley-Davidson Dealers Ranked First for Providing Quick and Easy Service Appointments

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星期一, 七月 10, 2023

Eleven percent of the study’s powersports customers hung up their phone having failed in their attempt to schedule service.

Key Points:

Eleven percent of the study’s powersports customers hung up their phone having failed in their attempt to schedule service.
Seven percent of the dealerships nationally went further, achieving STE scores over 80, by providing an interaction with their service customers that was both “frictionless” and proactively helpful.
The same fact-based PSI approach has also been applied to measure behaviors that maximize service customer loyalty.
A dealer’s relationship with a service customer typically starts with a customer phone call to schedule a service appointment.

Washington to Increase Motorcycle Safety Patrols July 7-23

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星期五, 七月 7, 2023

The patrols will focus on illegal driving behaviors by both motorcycle riders and other vehicle drivers.

Key Points:

The patrols will focus on illegal driving behaviors by both motorcycle riders and other vehicle drivers.
Local law enforcement agencies in these counties, along with the Washington State Patrol, will be working overtime focused on drivers and riders who commit traffic safety violations.
“The increasing number of motorcycle rider deaths is a concerning trend and we know that we can all work to prevent these deaths,” said Shelly Baldwin, Director of the Washington Traffic Safety Commission.
Trained and commissioned law enforcement officers will be conducting these patrols enforcing traffic violations as defined by Washington State laws.