Executive Team Strengthens with New Appointments LOS ANGELES, July 8, 2020 /PRNewswire/ — Fisker Inc. – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – is announcing the successful completion of a $50 million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle… Continue reading Fisker Inc. Completes $50M Private Financing Provided By Louis M. Bacon’s Moore Strategic Ventures – PR Newswire UK
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More jobs to go as Brintons moves carpet dyeing process overseas – expressandstar.com
Brintons Carpets has announced plans to stop dyeing yarn at its manufacturing site in Stourport Road, Kidderminster, and move the process overseas. Automotive supply business Autoneum, which has a plant in Halesowen, is also set to make some of its staff redundant due to the impact of the crisis on the automotive industry. Brintons, which… Continue reading More jobs to go as Brintons moves carpet dyeing process overseas – expressandstar.com
Chinese EV startup Byton to suspend production for reorganization – Automotive News Europe
SHANGHAI — China-based electric car startup Byton said on Tuesday it will suspend production from July 1 to conduct a reorganization of the automaker after being hit by the coronavirus pandemic. The company, which is backed by state-owned automaker FAW Group and battery supplier Contemporary Amperex Technology, said it was also actively raising funds to… Continue reading Chinese EV startup Byton to suspend production for reorganization – Automotive News Europe
China’s Geely to take over debt-laden automaker Lifan as virus stokes shake-up – sources – Reuters UK
HONG KONG/BEIJING (Reuters) – Volvo owner Geely is set to take over an automaker battered by a prolonged sales decline exacerbated by the impact of the novel coronavirus, said three people with knowledge of the matter, in an indication of how the pandemic is stoking consolidation. FILE PHOTO: A building of the Geely Auto Research… Continue reading China’s Geely to take over debt-laden automaker Lifan as virus stokes shake-up – sources – Reuters UK
General Motors lays off 680 workers and eliminates third shift at its Spring Hill, Tennessee plant – World Socialist Web Site
General Motors lays off 680 workers and eliminates third shift at its Spring Hill, Tennessee plant By Zac Thorton26 June 2020 On Wednesday, June 24, General Motors (GM) announced that it was preparing to file a Worker Adjustment and Retraining Notification (WARN) with the state of Tennessee in announcing its plan to lay off… Continue reading General Motors lays off 680 workers and eliminates third shift at its Spring Hill, Tennessee plant – World Socialist Web Site
VW expects auto market recovery to last into 2022 – Automotive News Europe
LONDON — Europe will likely return to “almost” pre-coronavirus sales levels in 2022, while China will bounce back more quickly and the U.S. market’s recovery is difficult to predict, said Christian Dahlheim, Volkswagen Group’s head of sales. VW expects a V-shape recovery from the effects of the coronavirus pandemic lasting into 2022. “The question is… Continue reading VW expects auto market recovery to last into 2022 – Automotive News Europe
Jaguar’s Radical Idea To Combat Slow-Selling XE And XF – CarBuzz
This proposal is receiving serious consideration. Jaguar has some big decisions to make in the coming year or so. Despite the fact Jaguar Land Rover recently received a financial lifeline, it’s not out of the woods yet. On the plus side, Land Rover remains solid with both sales and demand. But as a whole, JLR… Continue reading Jaguar’s Radical Idea To Combat Slow-Selling XE And XF – CarBuzz
Focuslight Introduces Lenses for Lidar 905nm Light Source – Novus Light Today – Novus Light Technologies Today
Currently most lidar light sources utilize 905nm pulsed laser diodes, which generally has three p-n junctions in order to achieve high peak power under short pulse. The height of the overall active region is ten times larger compared with conventional edge-emitting lasers. The traditional fast-axis collimation lenses cannot achieve desired divergence angle. Specially desired for 905nm pulsed laser diodes, Focuslight’s new FAC1500/FAC3000 series have large BFL which is not… Continue reading Focuslight Introduces Lenses for Lidar 905nm Light Source – Novus Light Today – Novus Light Technologies Today
Fisker Commits to Global Leadership in Measuring and Reporting on Environmental, Social and Governance Practices – PR Newswire UK
“With a vision of a clean future for all and a mission to develop the world’s most sustainable vehicles, we have the opportunity to embed these important values into every aspect of our business and supply chain,” said Henrik Fisker, chairman and CEO of Fisker Inc. “At Fisker, we’re not just talking the talk. We’ve… Continue reading Fisker Commits to Global Leadership in Measuring and Reporting on Environmental, Social and Governance Practices – PR Newswire UK
Hundreds of jobs to be lost as Jaguar Land Rover makes cuts – ITV News
Jaguar Land Rover has announced it will cut hundreds of jobs at its plants in the West Midlands as it falls to a half a billion pounds loss because of Coronavirus. The car manufacturer is cutting 1,100 temporary jobs of staff at its factories in Wolverhampton, Solihull and Birmingham – and at Halewood in Liverpool… Continue reading Hundreds of jobs to be lost as Jaguar Land Rover makes cuts – ITV News