India’s Birla Carbon, a leading global manufacturer and supplier of carbon black, and CHASM Advanced Materials Inc, a leading developer, and manufacturer of proprietary advanced materials hybridised at the nanoscale, have elevated their joint development agreement into a strategic partnership to commercialise novel nanomaterials to benefit various market segments including high-performance tyres, conductive plastics, novel coatings, and… Continue reading Birla Carbon, CHASM to use cutting-edge tech for tyres, plastics, coatings and batteries
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SG’s Neuron Mobility raises $12m Series A+ from existing backers
Singapore-headquartered electric scooter startup Neuron Mobility has raised $12 million in a Series A+ funding round co-led by returning Australian venture capital firm Square Peg, and GSR Ventures, according to an announcement. This new round brings the company’s total Series A funding to $30.5 million. Last December, Neuron Mobility raised $18.5 million in its Series… Continue reading SG’s Neuron Mobility raises $12m Series A+ from existing backers
Ford drops the price of its all-electric Mustang Mach-E to stay ‘fully competitive’
Ford has slashed the price of its upcoming all-electric Mustang Mach-E crossover by as much as $3,000 as the automaker seeks to stay competitive in an increasingly crowded and unsettled sector of the automotive market. The price reductions, which were shared with dealerships and then posted Tuesday on the Mach-E Club owners’ forum, will be… Continue reading Ford drops the price of its all-electric Mustang Mach-E to stay ‘fully competitive’
Unexpected demand for 2021 Ford Bronco creates unique challenge for buyers
No reservation? No Bronco. Demand for the 2021 Ford Bronco SUV is so strong that Ford doesn’t expect to fill all customer orders into 2022, the company told the Free Press. The Bronco, a bestselling vehicle resurrected for the first time since it ended production 25 years ago, is being built to order initially. People who have placed reservations are… Continue reading Unexpected demand for 2021 Ford Bronco creates unique challenge for buyers
Polaris and Zero Motorcycles reach deal to bring electric off-roaders to market
Polaris is a name synonymous with powersports — just head to any of the hundreds of snowmobile trails in Wisconsin, Minnesota or other sufficiently wintry place for evidence. Now, it’s teaming up with Zero Motorcycles, Santa Cruz-based maker of electric motorcycles and powertrains, to electrify its lineup. The two companies announced Tuesday a 10-year agreement… Continue reading Polaris and Zero Motorcycles reach deal to bring electric off-roaders to market
Tesla (TSLA) secures massive order of Tesla Semi electric trucks from Walmart
Tesla (TSLA) has secured a massive order of 130 Tesla Semi electric trucks from Walmart Canada. Back in 2017, shortly after the unveiling of the Tesla Semi, Walmart Canada ordered 15 electric trucks from the automaker. They have been adding to that original order and now almost 3 years later and after the Tesla Semi… Continue reading Tesla (TSLA) secures massive order of Tesla Semi electric trucks from Walmart
FCA CEO Mike Manley will not be on Stellantis board after merger with PSA
Fiat Chrysler Automobiles NV and merger partner Groupe PSA on Tuesday named the 11 members to their combined board as Stellantis, and FCA CEO Mike Manley was not among them. Despite the merger’s 50-50 stock split, Paris-based PSA is naming six of the board members compared to FCA’s five. All are subject to shareholder approval. Only two current… Continue reading FCA CEO Mike Manley will not be on Stellantis board after merger with PSA
Tesla aims to mine its own lithium after dropping M&A plan
Tesla Inc. secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter. The automaker held discussions in recent months with Cypress Development Corp., which is seeking to extract lithium from clay deposits in southwest Nevada, but the parties didn’t reach a… Continue reading Tesla aims to mine its own lithium after dropping M&A plan
At the PSA plant in Sochaux, 250 temporary workers will be recruited, production is back to its pre-Covid-19 level
The PSA plant in Sochaux (Doubs) will recruit 250 temporary workers to reconstitute its weekend work team in November and thus bring its production back to its level before the coronavirus epidemic, management announced on Tuesday, September 29. “A VSD team (Friday-Saturday-Sunday) will be recreated at the beginning of November”, announced the management of the… Continue reading At the PSA plant in Sochaux, 250 temporary workers will be recruited, production is back to its pre-Covid-19 level
China’s Evergrande reaches deal with some investors to ease cash crunch
China Evergrande Group reached a deal on Tuesday with investors holding 86.3 billion yuan ($12.66 billion) of its unit to not ask the debt-laden property developer to repurchase their holdings. Concerns have mounted in recent days that the country’s second-biggest property developer was headed for a major cash crush if it could not get government approval for… Continue reading China’s Evergrande reaches deal with some investors to ease cash crunch