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Aramis Group, which sells second-hand cars online, said on Wednesday it had taken a first step towards an initial public offering (IPO) in Paris, in a sign that stock market listings in France are beginning to pick up pace. ....
By Reuters Staff (Corrects to ‘partnership’, not ‘joint venture’, in paragraph 2) TAIPEI, May 18 (Reuters) - Taiwanese electric scooter vendor Gogoro said on Tuesday it has partnered with two Chinese two-wheel vehicle makers to offer its battery-sharing infrastructure, ramping up efforts to expand its overseas market. Taipei-based Gogoro, known for its battery distribution network for riders, will build battery-swapping platforms in China in a partnership with Dachangjiang Group and Yadea Group Holdings. In April, Gogoro announced a similar partnership with India’s Hero MotoCorp to build battery-sharing infrastructure in the world’s largest motorcycle market. The two Chinese vendors will develop a range of two-wheel vehicles built for Gogoro’s battery-swapping platform, the Taiwanese company said. ....
4 Min Read (Reuters) - Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory. FILE PHOTO: FILE PHOTO: Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni Customers know what Bowsher has arriving by scanning the online inventories of his six stores in the region, and they are often willing to wait more than a week and pay full price to get their desired vehicle. ....
By Reuters Staff 2 Min Read (Reuters) -Lithia Motors Inc topped Wall Street estimates for first-quarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector. Lithia said its total vehicle gross profit per unit increased 18.7% to $4,392 in the quarter. Sales are also being boosted by low interest rates and a preference for private vehicles during the COVID-19 pandemic. “Just like AutoNation yesterday, Lithia Motors’ results were stronger than expected on all fronts,” J.P.Morgan analyst Rajat Gupta said in a note. ....