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Marti Announces 2024 Full Year Results
ISTANBUL--(BUSINESS WIRE)--Türkiye’s leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced its financial and operational results for the full year ended December 31, 2024. Financial and Operational Highlights for the Full Year 2024 Strong Momentum in Ride-Hailing: Rapid growth of ride-hailing service, with 1.66M unique ride-hailing riders and 262 thousand registered drivers at year-end, exceeding operational targets throughout the ye...
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Asahi Kasei Microdevices and Silicon Austria Labs Achieve Proof of Concept for Integrating Current Sensor Into Power Module - Enabling Downsizing and More Efficient Traction Inverters for Electric Vehicles
TOKYO & NOVI, Mich. & DÜSSELDORF, Germany--(BUSINESS WIRE)--AKM and SAL have successfully completed a joint proof of concept for integrating a current sensor into a power module....
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Fasten Launches the Fasten Rewards Visa Card, Offering Points and Rewards for Auto-Related Spending
NEW YORK--(BUSINESS WIRE)--Fasten launches the Fasten Rewards™ Visa Card, a credit card to make car ownership more affordable and give dealers a tool to enhance customer loyalty...
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Despite Slowing Rate of Increase in Auto Insurance Pricing, Most Customers Still Shopping, J.D. Power Finds
TROY, Mich.--(BUSINESS WIRE)--J.D. Power: Despite Slowing Rate of Increase in Auto Insurance Pricing, Most Customers Still Shopping...
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EASE YOUR LIFE: SOUEAST 2025 International Business Annual Conference Charts New Urban Mobility Blueprint
SHANGHAI--(BUSINESS WIRE)--SOUEAST hosted its first International Business Annual Conference at the Grand Halls in Shanghai, marking a pivotal moment since the brand renewal. The conference united hundreds of distributors from different countries worldwide. Under the theme "EASE YOUR LIFE," where SOUEAST unveiled its global strategy featuring the mode of integrating localized production with coordination worldwide. Simultaneously, at the Chuansha Test Drive Area, Pudong, Shanghai, the brand hos...
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Teletrac Navman Unveils Enhanced Privacy Mode for Smart Dash Cams, Prioritizing Driver Safety and Privacy
NORTHBROOK, Ill. & MILTON KEYNES, England--(BUSINESS WIRE)--Teletrac Navman, a leading connected mobility platform and Vontier company, today announces the launch of its Enhanced Privacy Mode, a feature for Smart Dashcam users. This innovative mode empowers fleet managers to prioritise driver safety while upholding privacy standards, addressing a significant concern highlighted in a recent survey. A survey by Teletrac Navman revealed that while 85% of fleets see AI as the future of safety, 23%...
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Aftermarket Service Providers Make Strides in Satisfaction but Still Face Technology and Communication Gaps, J.D. Power Finds
TROY, Mich.--(BUSINESS WIRE)--J.D. Power: Aftermarket Service Providers Make Strides in Satisfaction but Still Face Technology and Communication Gaps...
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Asbury Automotive Group Reports First Quarter Results
DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2025 net income of $132 million ($6.71 per diluted share), a decrease of 10% from $147 million ($7.21 per diluted share) in first quarter 2024. The Company reported first quarter 2025 adjusted net income, a non-GAAP measure, of $134 million ($6.82 per diluted share), a decrease of 9% from $147 million ($7.21 per d...
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Lippert Acquires Freedman Seating Company
ELKHART, Ind.--(BUSINESS WIRE)--LCI Industries (NYSE: LCII), through its wholly owned subsidiary, Lippert Components, Inc. (“Lippert”), a leading supplier of engineered components to the recreation and transportation markets, today announced that it has acquired substantially all of the business assets of Freedman Seating Company (“Freedman”), an Illinois-based manufacturer of transportation seating solutions. For over 130 years, Freedman has provided a variety of seating solutions to the bus,...
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GM Financial Reports First Quarter 2025 Operating Results
FORT WORTH, Texas--(BUSINESS WIRE)--GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $499 million for the quarter ended March 31, 2025, compared to $536 million for the quarter ended March 31, 2024. Retail loan originations were $9.6 billion for the quarter ended March 31, 2025, compared to $10.6 billion for the quarter ended December 31, 2024, and $8.3 billion for the quarter ended March 31, 2024. The outstanding balance of retail finance receiva...