J.D. Power & LMC Automotive U.S. Automotive Forecast for February 2023
Total New-Vehicle Sales Increase as Availability Improves; Consumer Spending on New Vehicles Sets February Record TROY, Mich.–(BUSINESS WIRE)–J.D. Power: The Total Sales Forecast Total new-vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from J.D. Power and […]
Graham Holdings Company Reports 2022 and Fourth Quarter Earnings
ARLINGTON, Va.–(BUSINESS WIRE)–Graham Holdings Company (NYSE: GHC) today reported net income attributable to common shares of $67.1 million ($13.79 per share) for the year ended December 31, 2022, compared to $352.1 million ($70.45 per share) for the year ended December 31, 2021. For the fourth quarter of 2022, the Company reported net income attributable to […]
Bird Announces Fourth Quarter and Full Year 2022 Earnings Release Date
MIAMI–(BUSINESS WIRE)–Bird Global, Inc. (“Bird” or the “Company”) (NYSE:BRDS), a leader in environmentally friendly electric transportation, today announced that it will release financial results for its fourth quarter and full year fiscal 2022 before the U.S. market opens on Friday, March 10, 2023. The Company will host a webcast that day at 8:00 a.m. Eastern […]
Nissan among the first to trial all-electric, heavy-duty trucks for new vehicle deliveries
LOS ANGELES–(BUSINESS WIRE)–Nissan is now using two battery electric vehicle (BEV) heavy-duty, Class 8 trucks to deliver new vehicles from the Port of Los Angeles to dealerships in the Los Angeles region. Two major manufacturers of electric heavy-duty trucks, Nikola and Kenworth, will each provide trucks that will pull traditional car haulers. The program is […]
onsemi Announces Upsize and Pricing of Private Offering of $1.3 Billion of 0.50% Convertible Senior Notes
PHOENIX–(BUSINESS WIRE)–ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) announced today the pricing of its private offering of $1.3 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2029 (the “notes”) at a 32.5% premium to the closing price of onsemi’s common stock on February 23, 2023, of $78.39. The notes were offered only to persons […]
Domestic Debut: Project Arrow premieres at Canadian International Auto Show in Toronto
Toronto, Ontario – The Project Arrow has made its first public debut in Canada, taking the spotlight at the Canadian International Auto Show’s Electric City showcase. First unveiled at CES 2023 in January, the vehicle was designed and built as an individualized but functional show piece, demonstrating the capabilities of domestic manufacturing and design rather […]
EV/AV Report: Court cases and creating chargers
Toronto, Ontario — In today’s EV/AV report, Tesla’s CEO dodges questioning in a trial regarding a dead Apple Inc. software engineer, General Motors announces upcoming changes for its St. Catharines plant and the government of Manitoba pledges to build more EV chargers across the province. This is the latest in electric and autonomous vehicles. Invoking […]
Future Commitment: Post-2030 Rolls-Royce vehicles will be electric-only, CEO says
Toronto, Ontario – All Rolls-Royce vehicles after 2030 will be built as all-electric vehicles (EVs), according to a recent statement by the company’s CEO. In an interview with British news outlet Autocar, Torsten Müller-Ötvös, CEO of Rolls-Royce, says that “by the end of 2030, there will be no more V12. Series 2 cars will be […]
CCCR Inaugural Meeting Promotes Professional Standards and Collaboration
Toronto, Ontario – The Canadian Council of Collision Repairers (CCCR) held its inaugural meeting on February 16, 2023, to introduce the council’s mission and welcome shop owners and managers to come together for the benefit of the collision repair industry. The meeting, which was conducted via Zoom, featured discussions on the council’s purposes, mission, and […]
