Latest news with #MAN
Yahoo
4 days ago
- Automotive
- Yahoo
MAN to supply 1,200 semitrailer tractors to Gartner KG by 2028
Gartner KG, an Austrian vehicle transport and logistics specialist, has signed a new framework agreement with MAN Truck & Bus for 1,200 MAN standard and high-volume semitrailer tractors. This deal expands the long-standing collaboration between Gartner KG and MAN. The vehicles are set to be delivered by the end of 2028, starting from summer 2025. The agreement allows for the delivery of up to 350 vehicles per year, featuring the new MAN PowerLion drivetrain, which ensures fuel efficiency and reduced CO2 emissions. Gartner KG will integrate the MAN TGX semitrailer tractors, equipped with the PowerLion driveline, into its fleet. Presented at the IAA 2024, the PowerLion features the new MAN D30 engine, boasting over 50% efficiency. The PowerLion driveline is a result of the Traton Group's collective expertise, offering a 13-liter in-line six-cylinder engine with power outputs ranging from 380 to 560hp. The MAN TipMatic 14 gearbox, coupled with improved aerodynamics, contributes to a 5% fuel and CO2 savings for the 2025 model year MAN TGX semitrailer tractors compared to the previous models. MAN Truck & Bus Sales & Customer Solutions executive board member Friedrich Baumann said: "Our customer Gartner has been relying on MAN trucks for over 50 years. It is a great honour for us to continue and consolidate this proven partnership with this new agreement. "The new framework agreement is also confirmation for us that MAN products meet the high demands that Gartner places on its vehicle fleet. We are very pleased to continue our cooperation." Gartner is also already using the MAN eTGX battery-electric on individual routes in Germany. Over 80% of Gartner KG's fleet comprises MAN vehicles, with more than 2,300 delivered by MAN Austria since 2018. With its headquarters in Lambach, the Gartner Group operates across 22 locations in eight European countries and employs around 3,880 individuals. The company reported a consolidated annual turnover of approximately €716m in the last financial year. Gartner's five logistics centres in Austria, Germany, Hungary, and Romania underpin its comprehensive transport and logistics services. "MAN to supply 1,200 semitrailer tractors to Gartner KG by 2028" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
4 days ago
- Business
- Mint
Nigerian Manufacturers ‘Harassed' Over FX Contracts, Lobby Says
(Bloomberg) -- Nigerian manufacturers say they're being 'harassed' by lenders over outstanding forward foreign exchange contracts with the central bank. The contracts are a legacy of the West African nation's old fixed-currency regime, which was relaxed in 2023, and the Manufacturers Association of Nigeria said members have faced penalties including frozen accounts over the impasse. Banks are inflicting 'unwholesome treatments,' the Lagos-based group said in a statement. 'Our members have reported significant unwarranted complexities and undue high-handedness by the banks.' The Bank Directors Association of Nigeria did not respond to requests for comment. The overhang stems from a longstanding practice by the Nigerian Central Bank to ration scarce dollars to the domestic economy, while pegging the naira at an artificially inflated level against the US currency. The policy was abandoned after President Bola Tinubu came to power two years ago, but the dollar backlog has taken time to pay down, contributing to the volatility of the local unit which has lost about 70% of its value against the greenback. The problem stems from the way the system worked. Nigerian companies bid for dollars via forward contracts via the commercial lenders, who received the US currency from the central bank in exchange for naira. The process is reversed when the contract ends. But the CBN hasn't supplied the dollars and commercial lenders now want the companies to find the dollars elsewhere. MAN said in August its members were waiting for the central bank to settle $2.4 billion of overdue contracts. The CBN, which in March announced it had cleared a backlog of $7 billion, initially disputed the claims, but later said it would investigate and settle on merit. 'We reiterate our call on the Central Bank of Nigeria to speed up the long overdue redemption of the unsettled forex forward, ' MAN said. 'Our members should not be harassed.' More stories like this are available on
Yahoo
5 days ago
- Business
- Yahoo
When Should You Buy ManpowerGroup Inc. (NYSE:MAN)?
ManpowerGroup Inc. (NYSE:MAN), might not be a large cap stock, but it saw significant share price movement during recent months on the NYSE, rising to highs of US$62.66 and falling to the lows of US$38.37. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether ManpowerGroup's current trading price of US$42.07 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at ManpowerGroup's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Great news for investors – ManpowerGroup is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 17.54x is currently well-below the industry average of 22.53x, meaning that it is trading at a cheaper price relative to its peers. However, given that ManpowerGroup's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for ManpowerGroup Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 88% over the next couple of years, the future seems bright for ManpowerGroup. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since MAN is currently trading below the industry PE ratio, it may be a great time to increase your holdings in the stock. With a positive profit outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on MAN for a while, now might be the time to make a leap. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy MAN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed assessment. So while earnings quality is important, it's equally important to consider the risks facing ManpowerGroup at this point in time. Every company has risks, and we've spotted 2 warning signs for ManpowerGroup (of which 1 is concerning!) you should know about. If you are no longer interested in ManpowerGroup, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
When Should You Buy ManpowerGroup Inc. (NYSE:MAN)?
ManpowerGroup Inc. (NYSE:MAN), might not be a large cap stock, but it saw significant share price movement during recent months on the NYSE, rising to highs of US$62.66 and falling to the lows of US$38.37. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether ManpowerGroup's current trading price of US$42.07 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at ManpowerGroup's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Great news for investors – ManpowerGroup is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 17.54x is currently well-below the industry average of 22.53x, meaning that it is trading at a cheaper price relative to its peers. However, given that ManpowerGroup's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. See our latest analysis for ManpowerGroup Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 88% over the next couple of years, the future seems bright for ManpowerGroup. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since MAN is currently trading below the industry PE ratio, it may be a great time to increase your holdings in the stock. With a positive profit outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on MAN for a while, now might be the time to make a leap. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy MAN. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed assessment. So while earnings quality is important, it's equally important to consider the risks facing ManpowerGroup at this point in time. Every company has risks, and we've spotted 2 warning signs for ManpowerGroup (of which 1 is concerning!) you should know about. If you are no longer interested in ManpowerGroup, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Zawya
5 days ago
- Automotive
- Zawya
Oman: Karwa Motors launches specialised vehicle for logistics, transportation
Duqm: Karwa Motors, through its factory in the Special Economic Zone in Duqm (SEZD), has launched its latest product for logistics, military and public transport, as part of its strategic partnership with Impel and technical cooperation with MAN. The product was developed in line with the needs of local, regional and international markets, and reflects the company's ability to keep pace with the latest technologies to serve government and private entities. This product also confirms the company's commitment to enhancing local automotive manufacturing in the Sultanate of Oman and expanding the scope of industrial innovation to produce vehicles that keep pace with new demands that meet market needs. The company showcased a diverse range of vehicles that boast the highest standards of safety and efficiency, meeting the needs of transportation between cities and remote areas, enhancing its role in supporting the transportation sector's infrastructure. The company announced its continued cooperation with Armored Group to develop and armour vehicles for special uses, which contributes to expanding its range of specialised products and supports its drive to meet the needs of various vital sectors. Dr. Ibrahim Ali Al Balushi, CEO of Karwa Motors, said that the launch of the latest vehicle products comes within the framework of the company's efforts to develop the automotive industry in the Sultanate of Oman, meet the needs of local markets, export to regional and international markets, and provide the industrial sector with new products that contribute to achieving self-sufficiency. He added in a statement to the Oman News Agency that this type of vehicle enhances the presence of Omani industries in regional and global markets, contributes to achieving economic diversification goals, and increases the added value of national industry. He emphasised that vehicle production represents an important step in the company's path toward industrial and technological expansion, and enhances the Sultanate of Oman's position as an advanced centre for manufacturing specialised vehicles and equipment, benefiting from the integrated infrastructure provided by the Special Economic Zone in Duqm. Karwa Motors is a strategic investment between the Sultanate of Oman, represented by the Oman Investment Authority, and the State of Qatar, represented by the national transport company, Mowasalat Qatar. © Muscat Media Group Provided by SyndiGate Media Inc. (
