Second quarter net income of $201 million, an increase of 32% over prior year quarter, and adjusted net income (a non-GAAP measure) of $223 million, an increase of 47% over prior year quarter Second quarter adjusted EBITDA (a non-GAAP measure) increased 56% over prior year quarter to $352 million, an all-time record Second quarter revenue […]
All-Time Record Quarterly Revenues and Gross Profit Board of Directors Increases Share Repurchase Authorization by $500 Million for Total Availability of $633 Million CHARLOTTE, N.C.–(BUSINESS WIRE)–Sonic Automotive, Inc. (“Sonic Automotive,” “Sonic” or the “Company”) (NYSE:SAH), one of the nation’s largest automotive retailers, today reported financial results for the second quarter and six months ended June […]
Combined Company Expected to be Listed on New York Stock Exchange Next.e.GO Mobile SE (“e.GO” or the “Company”), the in-production German electric vehicle producer, utilizes disruptive approaches to vehicle design, manufacturing and services to produce urban vehicles with a focus on affordability, convenience, practicality and smart services e.GO’s unique low capex production system (MicroFactory), combined […]
Strategic partnership will create the world’s most sophisticated Level 4 ecosystem, including purpose-built autonomous trucks, leading autonomous vehicle software, and an innovative intelligent logistics business Autonomous trucks produced by the joint venture will be powered by Pony.ai’s Autonomous Driving Controller (ADC), built on NVIDIA DRIVE Orin FREMONT, Calif.–(BUSINESS WIRE)–Pony.ai, a leading global autonomous driving technology […]
Second quarter Highlights Include: Net income was a record high $21.1 million; up 39.7% compared to net income of $15.1 million in the second quarter of 2021. Basic earnings per share were a record $0.90 for the quarter, an increase of 38.5% compared to $0.65 for the second quarter of 2021. Oil Business segment revenue […]
SAN JOSE, Calif.–(BUSINESS WIRE)–QuantumScape Corporation (NYSE: QS), a leader in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles, today announced its business and financial results for the second quarter of 2022, which ended June 30. The company posted a letter to shareholders on its Investor Relations website, www.ir.quantumscape.com. It details second-quarter […]
DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE:F) today reported its 2022 second quarter financial results. Click here or visit media.ford.com to view the news release. Visit shareholder.ford.com for the slide presentation and access the webcast to the Ford earnings call, which begins at 5:00 p.m. ET. The call will feature Jim Farley, president and CEO; John […]