Uncategorized – Page 231 – I wish I had more to offer

Technologycategory

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March 14 (Reuters) – Facebook-parent Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional… Continue reading Untitled

Volkswagen: still targeting an affordable EV by 2025, article with gallery

BERLIN, March 14 (Reuters) – Volkswagen (VOWG_p.DE) still wants to bring an affordable electric vehicle – costing around 25,000 euros ($26,790.00) in today’s prices – to market by 2025, the carmaker said on Tuesday, describing it as a model below the ID.3. “We will have significant scale by then… our Valencia plant cell factory gives… Continue reading Volkswagen: still targeting an affordable EV by 2025, article with gallery

Beta Technologies lands orders for fixed-wing electric aircraft

WASHINGTON, March 14 (Reuters) – Beta Technologies is pursuing Federal Aviation Administration (FAA) certification for a fixed-wing electric airplane after receiving orders from three customers, the company announced Tuesday. The privately-held, Vermont-based startup sees certification of the CX 300 – a conventional takeoff and landing version of its Alia 250 electric vertical takeoff and landing… Continue reading Beta Technologies lands orders for fixed-wing electric aircraft

Volkswagen to invest $193 billion over 5 years to hit EV target, article with gallery

Summary Companies VW investing up to 15 bln euros in batteries, raw materials Two-thirds of 5-yr budget for electrification, digitalisation Software unit Cariad saw 2.1 bln euro operating loss in 2022 Car maker to present results of mock listing exercise for brands Shares down 3.1% BERLIN, March 14 (Reuters) – Volkswagen (VOWG_p.DE) plans to invest… Continue reading Volkswagen to invest $193 billion over 5 years to hit EV target, article with gallery

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March 14 (Reuters) – Crypto conglomerate Digital Currency Group (DCG) is looking to find new banking partners for portfolio companies following the collapse of Silicon Valley Bank (SIVB.O), Signature Bank (SBNY.O) and Silvergate (SI.N), CoinDesk reported on Tuesday, citing messages viewed by the outlet. Santander (SAN.MC), HSBC (HSBA.L) and Deutsche Bank (DBKGn.DE) are still willing… Continue reading Untitled

Technologycategory

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March 14 (Reuters) – Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. “Around 90% of our cash was in SVB,” said Sam Franklin, 28, a London-based chief executive whose recruitment firm Otta specializes in tech talent. He… Continue reading Untitled

Volkswagen to build first North American battery cell plant in Canada, article with image

Group of EU countries to explore changes to car emissions law, article with image

PRAGUE, March 13 (Reuters) – Transport ministers from the Czech Republic, Germany, Italy, Poland, Portugal, Romania, Hungary and Slovakia will meet on Monday to discuss potential changes to proposed EU vehicle emissions limits. The aim is to make the EU’s planned Euro 7 standard “acceptable for the EU automotive industry and its customers,” Czech Minister… Continue reading Group of EU countries to explore changes to car emissions law, article with image