Getaround Announces Restructuring Plan to Reduce Costs and Streamline Operations

Proactive actions will optimize Getaround’s cost structure in response to near-term macroeconomic uncertainty, while maintaining focus on innovation and sustainable, profitable growth Estimates cost savings of $25 million – $30 million on annualized run-rate basis SAN FRANCISCO–(BUSINESS WIRE)–Getaround (NYSE: GETR) (“Getaround” or “the Company”), the world’s first connected carsharing marketplace, today announced the Company will […]

QuantumScape Announces Timing of Fourth Quarter 2022 Financial Results and Webcast

SAN JOSE, Calif.–(BUSINESS WIRE)–QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, today announced it will release 2022 fourth-quarter financial results after market close on Wednesday, February 15, 2023. This will be followed by a conference call at 2 p.m. Pacific Time (5 p.m. Eastern Time). Jagdeep Singh, co-founder and chief executive […]

Vroom to Release Fourth Quarter and Fiscal Year 2022 Earnings on February 28, 2023

Conference Call and Audio Webcast Scheduled for March 1, 2023 NEW YORK–(BUSINESS WIRE)–Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will release its financial results for the fourth quarter and fiscal year ending December 31, 2022, after the market closes on Tuesday, February 28, 2023. […]

Iteris Reports Record Fiscal 2023 Third Quarter Total Revenue of $40.7 Million, Up 27% Year Over Year, and Record Total Ending Backlog of $112.2 Million, up 22% Year Over Year

Achieved financial inflection point as alternative circuit boards and other supply chain management initiatives drive greater than 2,600 basis point sequential improvement in product gross margins. AUSTIN, Texas–(BUSINESS WIRE)–$ITI #IoT—Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal third quarter 2023, ended December 31, 2022. […]

People, Plan, Products Position Ford Well for ‘Pivotal’ 2023 Despite Effect of Volume Shortfall on Q4, Full-Year 2022 Results

DEARBORN, Mich.–(BUSINESS WIRE)–Ford Motor Company (NYSE:F) today reported its 2022 fourth 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 […]

Sterling Announces E-Infrastructure Solutions New Awards Totaling $260 Million for the Fourth Quarter 2022

THE WOODLANDS, Texas–(BUSINESS WIRE)–Sterling Infrastructure, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its E-Infrastructure Solutions segment reported new awards totaling $260 million during the fourth quarter of 2022. Sterling’s E-Infrastructure projects include large-scale site development services for warehouses, data centers, e-commerce distribution centers, multi-use facilities and industrial facilities. E-Infrastructure is the Company’s […]

Amazon.com Announces Fourth Quarter Results

SEATTLE–(BUSINESS WIRE)–Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2022. Fourth Quarter 2022 Net sales increased 9% to $149.2 billion in the fourth quarter, compared with $137.4 billion in fourth quarter 2021. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, […]

Iteris Names Kerry A. Shiba New Chief Financial Officer

AUSTIN, Texas–(BUSINESS WIRE)–$ITI #IoT—Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that Kerry A. Shiba will join the company as senior vice president & CFO effective February 3, 2023. Shiba will report to Joe Bergera, Iteris president and CEO, and will oversee the company’s finance, information systems, […]

Walser & Urban League Partner to Support Black Youth of Tomorrow

MINNEAPOLIS–(BUSINESS WIRE)–#automotive–A new partnership between Walser Automotive Group and Urban League Twin Cities supports young, black leaders of tomorrow. The partnership, funded through the Walser Foundation, is connected to Urban League Twin Cities’ Black Gems program. Black Gems is a college and career readiness program open to Twin Cities students in grades 9-12. The program […]

KBRA Assigns Preliminary Ratings to Tricolor Auto Securitization Trust 2023-1

NEW YORK–(BUSINESS WIRE)–#KBRA–KBRA assigns preliminary ratings to six classes of notes issued by Tricolor Auto Securitization Trust 2023-1 (“TAST 2023-1”), a subprime auto loan ABS transaction. TAST 2023-1 will issue six classes of notes totaling $223.97 million. TAST 2023-1 represents Tricolor Auto Acceptance, LLC’s (“Tricolor” or the “Company”) second ABS aligned with the 2021 Social […]