Category: Automotive

Mitsubishi said to be considering bid for Fujitsu’s chip unit Shinko Electric

Mitsubishi Corp is considering bidding for Fujitsu’s chip packaging unit Shinko Electric Industries, two sources said, as Japan’s top trading house weighs an entry into semiconductor manufacturing. Mitsubishi, owned 8.3% by Warren Buffett’s Berkshire Hathaway, has set up a team to explore the possibility of entering the so-called back-end manufacturing process, which involves mounting chips… Continue reading Mitsubishi said to be considering bid for Fujitsu’s chip unit Shinko Electric

Asia Digest: Thien Viet Securities backs Namitech; AI startup Leucine raises funding

Vietnamese brokerage house Thien Viet Securities (TVS) has led a $2 million pre-Series A round in local artificial intelligence startup Namitech. Meanwhile, B2B software-as-a-service (SaaS) platform Leucine, that has a significant presence in India, has raised $7 million in a Series A round. Thien Viet Securities leads $2m funding in AI startup Namitech Vietnamese brokerage… Continue reading Asia Digest: Thien Viet Securities backs Namitech; AI startup Leucine raises funding

German Manager Magazine: VW: Automotive company could cut thousands of jobs002804

The VW brand is considered a restructuring case; brand boss Thomas Schäfer (53) is supposed to improve the result by 10 billion euros according to the will of CEO Oliver Blume (55). Otherwise it will be difficult with the 6.5 percent return on sales announced for 2026. An important lever for saving costs is personnel… Continue reading German Manager Magazine: VW: Automotive company could cut thousands of jobs002804

Xinhua Silk Road: E. China’s Kunshan City hosts opera gala to showcase charm of Chinese opera

BEIJING, Oct. 17, 2023 /PRNewswire/ — The Chinese Opera Gala (Kunshan) 2023 kicked off recently in Kunshan City, east China’s Jiangsu Province to showcase the enduring cultural charm of classic Chinese opera. Famous troupes, masters and Chinese opera performers from all over the country presented performances of 6 grand dramas and 20 renowned excerpts during… Continue reading Xinhua Silk Road: E. China’s Kunshan City hosts opera gala to showcase charm of Chinese opera

High-tech Firework Show Blooming on Liuyang River

LIUYANG, China, Oct. 17, 2023 /PRNewswire/ — The second Changsha Tourism Development Conference opening ceremony and Fireworks show was held at Liuyang Sky Theatre besides Liuyang River on 13th October, presenting a large immersive multimedia fireworks performance under the theme of “Tens of miles waterway to Xiang River“, according to the Publicity Department of Liuyang City. Continue… Continue reading High-tech Firework Show Blooming on Liuyang River

Secure Logistics Market to Reach $191.9 Billion, Globally, by 2032 at 8.4% CAGR: Allied Market Research

The growth of the global secure logistics market is driven by increase in the demand for outsourcing branch and ATM service and increase in the demand for product integrity NEW CASTLE, Del., Oct. 17, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Secure logistics Market by Application (Cash management, Diamonds, Jewelry & Precious Metal, Manufacturing,… Continue reading Secure Logistics Market to Reach $191.9 Billion, Globally, by 2032 at 8.4% CAGR: Allied Market Research

Inaugural SuperBridge Summit kicks off to accelerate investment opportunities in untapped markets

Day one brought together investors, business, government, policy and cultural leaders to discuss key investment themes and future large-scale possibilities DUBAI, UAE, Oct. 17, 2023 /PRNewswire/ — His Excellency Abdulla Bin Touq Al Marri, Minister, Ministry of Economy, UAE today delivered the opening address at the much-anticipated inaugural edition of the SuperBridge Summit, at Dubai’s iconic… Continue reading Inaugural SuperBridge Summit kicks off to accelerate investment opportunities in untapped markets

RealTruck, Inc. acquires Mountain Top

Leading supplier of premium truck accessories outside North America joins RealTruck family ANN ARBOR, Mich., Oct. 17, 2023 /PRNewswire/ — RealTruck, Inc., the premier manufacturer of functional aftermarket accessories and an online destination for truck, Jeep®, Bronco® and off-road enthusiasts, has acquired Mountain Top, the leading designer and manufacturer of truck bed accessories outside North America. Based… Continue reading RealTruck, Inc. acquires Mountain Top

KX AND SRC UK PARTNER TO PROVIDE INFORMATION ADVANTAGE TO THE DEFENCE SECTOR THROUGH ADVANCED ANALYTICS AND ARTIFICIAL INTELLIGENCE

NEW YORK and LONDON, Oct. 17, 2023 /PRNewswire/ — KX, the global pioneer in vector native real time and high-volume time series data analytics, today announced a partnership agreement with SRC UK, specialists in data solutions and analytics, to provide advanced data management and analytics capabilities to the defence sector, through the integration of its KDB.AI… Continue reading KX AND SRC UK PARTNER TO PROVIDE INFORMATION ADVANTAGE TO THE DEFENCE SECTOR THROUGH ADVANCED ANALYTICS AND ARTIFICIAL INTELLIGENCE