Universal Logistics Holdings saw revenue and earnings gains during the second quarter of 2021, the company reported.
The Warren, Mich.-based asset-light transportation and logistics company posted net income of $25.6 million, or 95 cents per diluted share, for the three months ending June 30. That compared with $6.2 million, 23 cents, during Q2 of the previous year. Total operating revenue increased by 63.9% to $422.8 million from $258 million.
With the advancement in technology ever since the first car came into existence, things have changed drastically. Not just for the driver, but also for manufacturers. The way we have learned to automate our tasks is remarkable. People created machines that helped us create more machines. That is essentially what car manufacturing is these days. We don’t need huge human labor to achieve our task, we could just use robots. Robots have been used for automotive manufacturing for over 50 years now. They have lots of advantages.
The lighting and electronics specialist HELLA and French automotive supplier Faurecia have signed an agreement on the combination of the two companies. As part of the transaction, Faurecia will acquire the 60 percent stake held by HELLA pool shareholders. The pool shareholders of HELLA will retain an up to 9% stake in the listed parent company via a reverse shareholding and therefore will continue to closely accompany HELLA in the future. A pool representative is also to join Faurecia’s Board of Directors.
Energy commodity prices continued their upward surge in July, rising 4,8%. Prices have risen in 9 of the last 10 months.
Ford Romania announces that the new Machang E-Mustang is now available for pre-orders in Romania, through the network of Ford dealers specialized in selling electric vehicles. The starting price is 42,800 euros (with VAT and the Rabla Plus bonus applied).
The Ford Mustang Mach-E is available with rear-wheel drive or all-wheel drive, both versions can be paired with a standard or extended range battery. The version with extended range and rear-wheel drive has a range of up to 610 km measured in WLTP mode. The battery is charged from 10% to 80% in 38 minutes for the standard battery version and in 45 minutes for the extended battery version.
Telematics is a broad field, covering far more technologies and subcategories than people often realize. While the most recognizable subset is in the transportation industry with things like GPS navigation and usage-based insurance, that’s far from its only application. One of its most exciting and fastest-growing use cases is in robotics.
In the months and years to come, Citroën will completely review its range with the aim of resuming growth. Zoom on the future models of the chevron brand.
Like Renault, which has started a real revolution in recent weeks under the aegis of its new CEO Luca de Meo, Citroën begins a new era which should allow it to return to growth. To achieve this, the brand will deeply renew its range by focusing on the most profitable models and electrification.