Investment boosts plans to progress certification of first product and R&D for larger engines KEMBLE, United Kingdom and HOLLISTER, Calif., Sept. 18, 2023 /PRNewswire/ — ZeroAvia today announced that Airbus, Barclays Sustainable Impact Capital and NEOM have co-led the company’s latest financing round. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures… Continue reading Airbus, Barclays Sustainable Impact Capital and NEOM co-lead ZeroAvia’s latest financing round
Category: Automotive
The stakes of the US autoworker strike could not be higher
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading The stakes of the US autoworker strike could not be higher
Uno Minda: Early entrant in EV biz is now a market leader
Gurugram-based Uno Minda has one of the largest ancillary product portfolios for the automotive industry with products like switches, lighting, acoustics, alloy wheels, die-casting, and seating among others. With the inclusion of orders finalised in the first quarter (April-June) of this fiscal year, the current order book for Uno Minda stands at more than Rs… Continue reading Uno Minda: Early entrant in EV biz is now a market leader
JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
CARE Ratings has upgraded JK Tyre’s Long-Term Issuer Rating to CARE A+ from ‘CARE A’. The rating takes into account the improved operational and financial performances of the company in FY23, as characterised by increasing scale of operations, better working capital management and improved leverage and coverage indicators, which is expected to sustain going forward… Continue reading JK Tyre rating upgraded ‘CARE A+’ by CARE Ratings
‘Our aim is to have a presence and a lion’s share in the demand segments’
After making an early entry and gearing itself to cater to the growing demand for EV components from the electric two- and three-wheeler segments, the Gurugram-headquartered Tier I components giant is eyeing stabilising its operations and targeting vertical growth in the near- to mid-term future. The company is bullish about the growing demand for high-value… Continue reading ‘Our aim is to have a presence and a lion’s share in the demand segments’
Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor Corporation is increasing its investment in motorcycle manufacturing in Malaysia. Last week, the Japanese automaker signed a contract with Malaysian company KMSB Motors to supply engine and other parts for local motorcycle production. The contract was signed on September 15 and the conclusion ceremony was held at the Prime Minister’s Office of Malaysia… Continue reading Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
Suzuki Motor Corporation is increasing its investment in motorcycle manufacturing in Malaysia. Last week, the Japanese automaker signed a contract with Malaysian company KMSB Motors to supply engine and other parts for local motorcycle production. The contract was signed on September 15 and the conclusion ceremony was held at the Prime Minister’s Office of Malaysia… Continue reading Suzuki Motor to supply components for 110-150cc bikes to Malaysia’s KMSB
@BMW: No. 25 BMW M Hybrid V8 Finishes Third at Indy. No. 1 Paul Miller Racing BMW M4 GT3 Clinches IMSA WeatherTech SportsCar GTD Championship With Third-Place Finish.002984
Woodcliff Lake, N.J. – September 17, 2023 . . . BMW M Team RLL and the No. 25 BMW M Hybrid V8 racing car, of Connor De- Phillippi and Nick Yelloly, finished third in today’s TireRack.com Battle On The Bricks race at the Indianapolis Motor Speedway road course. The pair completed 113 laps of the… Continue reading @BMW: No. 25 BMW M Hybrid V8 Finishes Third at Indy. No. 1 Paul Miller Racing BMW M4 GT3 Clinches IMSA WeatherTech SportsCar GTD Championship With Third-Place Finish.002984
@BMW: GT World Challenge Europe: BMW M Team WRT wins the Sunday race at Valencia.002984
Valencia. Dries Vanthoor and Charles Weerts (both BEL) celebrated their first season victory in the Sprint Cup during Sunday’s race of the Fanatec GT World Challenge Europe Powered by AWS (GTWC) at Valencia (ESP). After 36 laps on the Circuit Ricardo Tormo, they crossed the finish line first in a race marked by safety car… Continue reading @BMW: GT World Challenge Europe: BMW M Team WRT wins the Sunday race at Valencia.002984
German Handelsblatt: Volkswagen: Blume’s test of patience – VW boss expects lengthy corporate restructuring007710
VW CEO Oliver Blume “It’s not just about saving money, improving results is what counts.” (Photo: Reuters) Volkswagen CEO Oliver Blume prepares employees and investors of Europe’s largest car manufacturer for a lengthy restructuring process. “The automotive industry is long-cyclical,” said the 55-year-old in an interview with the Handelsblatt: “Many results will be able to be… Continue reading German Handelsblatt: Volkswagen: Blume’s test of patience – VW boss expects lengthy corporate restructuring007710