Tesla has removed its cheapest Model Y trim from its online configurator for orders in the US. It also happens to be its cheapest Model Y. Could it be related to the Cybertruck? Tesla often makes changes to its vehicle lineups without announcement. It changes prices, options, and even sometimes whole vehicle trims altogether. This… Continue reading Tesla removes cheapest and Texas-built Model Y trim – raising eyebrows
Category: Automotive
TSMC tells vendors to delay chip equipment deliveries amid demand concernsTSMC has been forced to push back production at the Arizona plant by a year …
Companies affected by the instruction to delay include ASML, which makes lithography equipment essential for high-end chipmaking, one of the sources said. In an interview with Reuters last week, ASML CEO Peter Wennink said some orders for its high-end tools have been pushed back, without saying who by, and that he expected it would be… Continue reading TSMC tells vendors to delay chip equipment deliveries amid demand concernsTSMC has been forced to push back production at the Arizona plant by a year …
Abu Dhabi’s Chimera, partners launch alternative investor Lunate with over $50b AUM
Lunate, a newly set up Abu Dhabi-based alternative investment manager, said on Thursday it was launching with over $50 billion in assets under management (AUM) and a focus on private markets. The firm is owned by its senior management and Chimera Investment, part of a vast business empire overseen by Sheikh Tahnoun bin Zayed Al… Continue reading Abu Dhabi’s Chimera, partners launch alternative investor Lunate with over $50b AUM
US banking giant Citigroup starts layoff talks after management overhaul
As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, say sources close to the situation. Technology staff working on overlapping functions are also at risk of being laid off, one of the people said. Citi managers are already convening discussions with employees about… Continue reading US banking giant Citigroup starts layoff talks after management overhaul
ID Digest: Elefin, Insignia Ventures join hands; Living Lab Ventures ties up with IHK Berlin
B2B e-commerce player Elefin has announced its partnership with Singaporean VC firm Insignia Ventures, while Living Lab Ventures has signed a partnership with IHK Berlin. Elefin to expand into healthcare sector Indonesian-based B2B e-commerce firm Elefin has announced a partnership with Singapore’s Insignia Ventures which will allow it to expand into the healthcare sector. Elefin,… Continue reading ID Digest: Elefin, Insignia Ventures join hands; Living Lab Ventures ties up with IHK Berlin
@Ford: Ford Update on UAW Negotiations
DEARBORN, Mich., Sept. 14, 2023 – At 8 p.m. this evening at Solidarity House in Detroit, the United Auto Workers presented its first substantive counterproposal to Ford a few hours from the expiration of the current four-year collective bargain agreement. On the key economic issues that matter most to our UAW-represented employees, Ford has submitted… Continue reading @Ford: Ford Update on UAW Negotiations
German Manager Magazine: United Auto Workers: Major strike in Detroit hits US auto plants from Ford, General Motors and Stellantis002738
In a first-of-its-kind step, plants belonging to the three major US car manufacturers General Motors, ford and Stellantis went on strike at the same time from the influential United Auto Workers (UAW) union. Around 13,000 workers are taking part in the strike, which began on Friday night after the collective bargaining deadline expired. A prolonged… Continue reading German Manager Magazine: United Auto Workers: Major strike in Detroit hits US auto plants from Ford, General Motors and Stellantis002738
German Manager Magazine: Mercedes: Federal Motor Transport Authority threatens shutdowns due to exhaust manipulation002738
The Federal Motor Transport Authority (KBA) is threatening Mercedes with the decommissioning of thousands of diesel cars due to emissions manipulation. A number of engines installed in vehicles with the Euro 6 emissions standard have “inadmissible shutdown devices,” according to a letter from the KBA to the Stuttgart group dated July 5th. The German environmental… Continue reading German Manager Magazine: Mercedes: Federal Motor Transport Authority threatens shutdowns due to exhaust manipulation002738
German Handelsblatt: Diesel scandal: Mandatory recall threatens: New allegations against Mercedes in the diesel scandal007701
Mercedes logo The diesel scandal has already cost the car manufacturer dearly. (Photo: imago images/Rüdiger Wölk) The car manufacturer Mercedes-Benz is once again threatened with trouble with the authorities in the diesel scandal. As the group confirms, the Federal Motor Transport Authority (KBA) served the DAX group with a so-called “hearing” on July 5th. Accordingly,… Continue reading German Handelsblatt: Diesel scandal: Mandatory recall threatens: New allegations against Mercedes in the diesel scandal007701
Global Electrical Vehicle Battery Market Analysis Report 2023-2028: Cost Reductions for EV Batteries & Surging Demand for Clean Energy Propels Adoption
DUBLIN, Sept. 15, 2023 /PRNewswire/ — The “Global Electrical Vehicle Battery Market” report has been added to ResearchAndMarkets.com’s offering. This report provides an analysis of the global market for electric vehicle batteries. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities… Continue reading Global Electrical Vehicle Battery Market Analysis Report 2023-2028: Cost Reductions for EV Batteries & Surging Demand for Clean Energy Propels Adoption