MORAI delivers testing solutions based on their simulation platform built for the verification and validation of autonomous vehicles. Providing engineers with a wide range of simulation environments that vary from complex city streets to warehouses and shipping yards, MORAI’s solutions help customers test even the most complex edge cases efficiently. Since their initial seed funding… Continue reading Autonomous vehicle simulation startup MORAI closes US$1.8M Series A funding round
Author: PR Newswire Online News
Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
TROY, Mich., Nov. 17, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for $275,000,000 of the outstanding $450,000,000 aggregate principal amount of its 6-1/4% notes due 2024 (the “Notes”). The redemption date is Dec. 16, 2020 (“Redemption Date”), and the redemption price will be equal to 102.083%… Continue reading Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
Scania invests in battery assembly plant
SÖDERTÄLJE, Sweden, Nov. 17, 2020 /PRNewswire/ — With the rapid expansion of Scania’s electrified range of trucks, buses and engines, the company plans to, over several years, invest well over 1 billion SEK in a battery assembly plant in Södertälje, Sweden. The initial step is a 18,000-square metre facility and the construction will start early… Continue reading Scania invests in battery assembly plant
Dana Supplies High-Performing Spicer® AdvanTEK® Axles to New Land Rover Defender
MAUMEE, Ohio, Nov. 16, 2020 /PRNewswire/ — Dana Incorporated (NYSE: DAN) announced today that the new 2021 Land Rover Defender features Dana’s latest Spicer® AdvanTEK® axles, which are designed to deliver improved performance and greater power density in a compact package. Known for its rugged design and off-road performance, the Defender has a rich history with… Continue reading Dana Supplies High-Performing Spicer® AdvanTEK® Axles to New Land Rover Defender
Automobili Pininfarina And Deutsche Telekom Create The World’s First Globally- Connected Hypercar
Every Battista will receive an embedded SIM and roaming technology for optimised connectivity worldwide. Using these components, Deutsche Telekom’s roaming partner network and roaming traffic steering logic enables the vehicle to search for the strongest network, ensuring owners don’t find themselves in communication blackspots even as they cross international borders. This unrivalled connectivity also delivers… Continue reading Automobili Pininfarina And Deutsche Telekom Create The World’s First Globally- Connected Hypercar
Azul S.A. Statement on the Successful Settlement of Public Convertible Debentures
SAO PAULO, Nov. 15, 2020 /PRNewswire/ — Azul S.A. (B3: AZUL4,NYSE: AZUL) and its partners celebrate the successful settlement of its public offering of convertible debentures in Brazil. The settlement took place on Nov 12 and the official settlement announcement can be found on the Azul Investor Relations website. Financial advisors to the company included… Continue reading Azul S.A. Statement on the Successful Settlement of Public Convertible Debentures
HYZON Motors Signs Agreement for BayoTech to Provide Hydrogen Infrastructure Development
HONEOYE FALLS, N.Y., Nov. 13, 2020 /PRNewswire/ — Hydrogen fuel cell mobility and clean energy company HYZON Motors Inc has signed a collaborative agreement with BayoTech, a global leader in on-site hydrogen production, for supply of low-cost, low-/zero-carbon hydrogen to accelerate the development of hydrogen fueling infrastructure for HYZON’s customers. Under the agreement, BayoTech will… Continue reading HYZON Motors Signs Agreement for BayoTech to Provide Hydrogen Infrastructure Development
ALYI Publishes $100 Million ICO Update From Finance Partner RevoltTOKEN
DALLAS, Nov. 13, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced an update released from their financing partner, RevoltTOKEN. The update from RevoltTOKEN CEO, Henryk Dabrowski, is included below: RevoltTOKEN ICO Update The response to the RevoltTOKEN ICO has been tremendous. We are here at RevoltTOKEN are humbled by the number of people contacting us… Continue reading ALYI Publishes $100 Million ICO Update From Finance Partner RevoltTOKEN
DoorDash Files Registration Statement for Proposed Initial Public Offering
SAN FRANCISCO, Nov. 13, 2020 /PRNewswire/ — DoorDash, Inc. (“DoorDash”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed… Continue reading DoorDash Files Registration Statement for Proposed Initial Public Offering
Tenneco Announces Intention to Offer Senior Secured Notes
LAKE FOREST, Ill., Nov. 12, 2020 /PRNewswire/ — Tenneco Inc. (NYSE: TEN) (“Tenneco”) today announced that it intends, subject to market and other customary conditions, to offer (the “Offering”) $500 million aggregate principal amount of Senior Secured Notes due 2029 (the “Notes”). The Notes will be guaranteed by each of Tenneco’s subsidiaries that guarantees its credit… Continue reading Tenneco Announces Intention to Offer Senior Secured Notes