Core Viewpoint - BorgWarner Inc. is positioned as a leader in the automotive industry, focusing on innovative and sustainable mobility solutions, particularly in combustion, hybrid, and electric vehicles [1] Company Performance - BorgWarner has demonstrated a 30-day gain of 17.72%, indicating strong upward momentum, although the stock has experienced a recent dip of 8.28% over the last 10 days, which may present a strategic buying opportunity [2][6] - The stock is projected to grow by 19.44%, suggesting it is currently undervalued with a target price of $68.80, appealing to investors looking for growth potential [3] Financial Health - The company has a robust financial health indicated by a Piotroski Score of 8, reflecting strong financial fundamentals and efficient operations, which is a positive sign for potential investors [4][6] Industry Position - BorgWarner is well-positioned to capitalize on industry trends such as the shift towards electric vehicles and the increasing demand for fuel-efficient technologies, suggesting a favorable outlook for future growth [5]

Ayvens' 2025 Financial statements are available on Ayvens' corporate website (www.ayvens.com) in the Investors section under “Financial Results”. The financial information presented for the financial year ending 31 December 2025 was approved by the Board of Directors on 5 February 2026 under the chairmanship of Pierre Palmieri and has been prepared in accordance with IFRS as adopted in the European Union and applicable at that date. The audit procedures carried out on the consolidated annual financial state ...

Ayvens' 2025 Financial statements are available on Ayvens' corporate website (www.ayvens.com) in the Investors section under “Financial Results”. The financial information presented for the financial year ending 31 December 2025 was approved by the Board of Directors on 5 February 2026 under the chairmanship of Pierre Palmieri and has been prepared in accordance with IFRS as adopted in the European Union and applicable at that date. The audit procedures carried out on the consolidated annual financial state ...

Core Viewpoint - The collaboration between Valmet Automotive and Jeti Industries aims to produce modular electric buses in Finland, marking a significant step in the Nordic region's electric bus manufacturing under a contract model [1][2]. Group 1: Partnership Details - Valmet Automotive and Jeti Industries have signed a preliminary agreement for serial production at Valmet's Uusikaupunki plant, with ongoing discussions for definitive terms [1][2]. - This partnership is expected to leverage Valmet's extensive experience in manufacturing complex vehicles, allowing for rapid and reliable scaling of production [2][3]. Group 2: Sustainability and Regional Manufacturing - The initiative aligns with the European Union's stricter requirements on supply chain transparency and safety, promoting regional manufacturing and supporting Jeti Industries' growth [4]. - The planned assembly will incorporate domestic content in parts and labor, engaging Finnish suppliers throughout the automotive value chain [4]. Group 3: Strategic Expansion - Valmet Automotive's strategy includes expanding its serial production capabilities beyond passenger cars, utilizing its expertise in electrification and existing production assets [5]. - The collaboration is seen as a concrete step towards advancing Valmet's strategy in new industries, with Jeti Industries offering innovative products for an international market [5][6].

Financial Data and Key Metrics Changes - Gogoro achieved a record-high full-year adjusted EBITDA of $59.9 million, up from $44.7 million in 2024 [4] - Operating cash flow increased more than three times year-over-year to $31.1 million [5] - Gross margin improved to 8.3%, up from 2.6% in 2024, while non-IFRS margin reached 19.5%, up from 14.9% [5][20] - For the full year 2025, total revenue was $281.5 million, a 9.4% decline year-over-year [16][18] - Net loss narrowed to $80.8 million, down from $122.8 million in the previous year [20][21] Business Line Data and Key Metrics Changes - Battery swapping revenue grew 8.1% to $149 million, demonstrating the strength of the subscription model [18] - Hardware revenue was $132.5 million, down 23.3% due to a substantial drop in vehicle sales [18][19] - Vehicle volumes reflected a strategic tightening, with Gogoro accounting for 28,176 units, or 57% of all electric vehicles [15] Market Data and Key Metrics Changes - The Taiwan scooter market declined for the second consecutive year to 708,392 units, down 5.9% year-over-year [14] - Gogoro maintained leadership in the electric scooter segment, accounting for 68% of the overall electric two-wheeler market [15] Company Strategy and Development Direction - The company focused on operational efficiency and sustainability, prioritizing long-term goals over short-term results [4] - Plans for 2026 include launching new products and expanding the battery swapping network [9][10] - The strategy emphasizes value creation in both energy and vehicle businesses, with a focus on high-value segments [9][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 but emphasized the importance of establishing a solid foundation for future growth [4][13] - The company expects new products and operational leverage to drive continued cash flow and set the path towards profitability in 2026 [16][23] - Management is confident in achieving profitability in the energy business by the end of 2026 [32] Other Important Information - The company secured an $80 million equity investment commitment for 2026 from its largest shareholder [22] - A new scooter model specifically engineered for durability and performance is set to launch in Vietnam [12] Q&A Session Summary Question: How should we think about your strategy for the scooter business, which appears to be underperforming? - Management emphasized the need for stabilization and execution, focusing on selective models and aligning investments with returns [25][26] Question: Can you sustain the level of OpEx savings, and can we expect ongoing improvements in gross margin? - Management acknowledged the hard work on cost savings in 2025 but indicated that replicating the same level of savings in 2026 would be challenging [27][28]

Group 1 - Aramis Group conducted share buybacks from December 29, 2025, to January 2, 2026, purchasing a total of 8,641 shares at a daily weighted average price of €4.6282 [2] - The daily transactions included purchases of 2,180 shares on December 29, 2025, 2,186 shares on December 30, 2025, 2,167 shares on December 31, 2025, and 2,108 shares on January 2, 2026 [2] - Aramis Group is a leading European B2C online used car sales company, with annual revenues exceeding €2.3 billion and selling over 119,000 vehicles B2C annually [3] Group 2 - The company operates in six countries and employs more than 2,400 people, with nine industrial-scale refurbishing centers across Europe [3] - Aramis Group focuses on sustainable mobility and is part of the circular economy, leveraging digital technology and employee engagement to enhance customer satisfaction [3] - The company is listed on Euronext Paris Compartment B under the ticker ARAMI [3]

Core Insights - Alstom has received three contracts in Q3 FY2025/26, indicating a strong order intake and commitment to sustainable mobility solutions [1][4] Company Overview - Alstom is a global leader in smart and sustainable mobility, offering a wide range of transportation solutions including high-speed trains, metros, and digital mobility services [2] - The company operates in 63 countries with a workforce of over 86,000 employees from 184 nationalities [2] - For the fiscal year ending March 31, 2025, Alstom reported sales of €18.5 billion [2] Contract Details - A contract for rolling stock supply in the Americas region valued at approximately €1.4 billion [4] - A contract for rolling stock supply in Europe as part of a framework agreement valued at approximately €0.6 billion [4] - A contract for additional rolling stock and maintenance services in Europe valued at approximately €0.5 billion [4]

Core Insights - Alstom has signed a contract with the Railway Transport Regulatory Agency in Mexico for the supply of 47 DMU passenger trains, which is part of the National Development Plan 2025-2030 aimed at enhancing passenger rail mobility in Mexico [1][2] Contract Details - The contract is valued at approximately 20.2 billion Mexican pesos (around 920 million euros) and includes comprehensive maintenance for five years, fitting out maintenance depots, inspection and refueling stations, as well as technical training and commissioning of the trains [2][12][9] Job Creation and Local Commitment - Alstom anticipates that this project will create and retain hundreds of jobs, including skilled engineering, project management, and manufacturing roles [3] - 76.6% of the train content will be produced in Mexico, which supports the local railway industry and strengthens the network of local suppliers [4][9] Train Specifications - The Adessia Stream trains will operate at maximum speeds of around 165 km/h, with configurations allowing for up to 600 passengers on short-haul services and around 300 on long-haul services [5] - The trains will feature modern design elements that resonate with Mexican cultural identity, including references to Nahuatl and the Codex Boturini [7][8] Manufacturing and Quality - The trains will be manufactured at Alstom's Ciudad Sahagún plant, which has over 70 years of manufacturing experience and is certified for high-quality production processes [16][17] - Alstom has received the "Made in Mexico" label, underscoring its commitment to quality and innovation in the national industry [18] Alstom's Role in Mexico - Alstom has been present in Mexico since 1952 and has played a significant role in developing urban mobility solutions, including the Mexico City Metro and modern railway systems [19] - The company is also involved in the Mayan Train project, which aims to enhance connectivity and economic development in the region [19]

Core Insights - Alstom has signed a contract with the Railway Transport Regulatory Agency in Mexico for the supply of 47 DMU passenger trains, valued at approximately 20.2 billion Mexican pesos (around 920 million euros) [1][2][11] - The project aims to enhance passenger rail mobility in Mexico, connecting key regions and is part of the National Development Plan 2025-2030 [1][3] - Alstom emphasizes local manufacturing, with 76.6% of the train content produced in Mexico, which supports the local railway industry and job creation [4][16] Contract Details - The contract includes not only the supply of trains but also comprehensive maintenance for five years, fitting out maintenance depots, inspection and refueling stations, and technical training [2][12] - The trains will be manufactured at Alstom's Ciudad Sahagún plant, which has over 70 years of manufacturing experience and strategic connectivity for logistics [17][19] Train Specifications - The Adessia Stream trains will operate at speeds of up to 165 km/h, with configurations allowing for up to 600 passengers on short-haul services [5][6] - The design of the trains reflects Mexican cultural identity, incorporating elements inspired by local heritage and aiming for modernity and innovation [7][8][10] Commitment to Sustainability - Alstom's HealthHub predictive system will be part of the service, which has already reduced energy use by 20% since 2014 [15] - The project is positioned as a long-term contribution to sustainable mobility and the development of the Mexican railway sector [4][19]

Group 1 - Aramis Group conducted share buybacks from December 15 to December 19, 2025, totaling 22,807 shares purchased at a daily weighted average price of €4.3752 [2] - The daily transactions included purchases of 4,577 shares on December 15, 4,620 shares on December 16, 4,687 shares on December 17, 4,542 shares on December 18, and 4,381 shares on December 19 [2] - The share buybacks were authorized by the General Assembly on February 4, 2025, in accordance with regulations related to share repurchases [2] Group 2 - Aramis Group is a leading European B2C online used car sales company, operating in six countries and generating annual revenues exceeding €2.3 billion [3] - The company has sold over 119,000 vehicles B2C and attracts nearly 70 million visitors to its digital platforms each year [3] - Founded in 2001, Aramis Group employs more than 2,400 people and operates nine industrial-scale refurbishing centers across Europe [3]