Stellantis N.V. STLA recently announced that it has executed a heads of agreement (HoA) with Dongfeng Motor International Co. Limited, a subsidiary of Dongfeng Motor Group Company Limited. The agreement is related to the 99.2 million common shares which Dongfeng holds in Stellantis, representing 3.16% of Stellantis’ share capital. Under the HoA, Dongfeng may submit… Continue reading Stellantis (STLA) & Dongfeng Announce HoA for Share Repurchase
Category: Automotive
Why Tesla, Rivian, and Nio Stock Popped Today
American City Business Journals Farnborough 2022: Boeing snares more orders for 737 MAX The Boeing Co.’s narrow-body 737 MAX continues to be its star at the Farnborough International Airshow in London. The manufacturer, which on Monday revealed an order for 100 MAX jets from Delta Air Lines (NYSE: DAL), on Tuesday announced a deal for… Continue reading Why Tesla, Rivian, and Nio Stock Popped Today
Jeep’s China Failure Sends Foreboding Signal to Global Carmakers
(Bloomberg) — Most Read from Bloomberg It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is shutting down its only plant in the world’s largest market. The announcement this week that Stellantis plans to terminate… Continue reading Jeep’s China Failure Sends Foreboding Signal to Global Carmakers
Borco Höhns GmbH in Rotenburg on the way to a 4-day week
Management and IG Metall Bremen have reached a unique wage agreement. From September 1st In 2022, the 4.5-day week will be introduced at Borco Höhns and the collectively agreed one Weekly working time reduced with full compensation. Go to Source
Embracing the Software-Defined Vehicle Business Model
Embracing the Software-Defined Vehicle Business Model Software is now the name of the game in mobility. Whether it’s personal or shared rides, transit vans or trucks, software is becoming noticeably ubiquitous as a central factor throughout the mobility ecosystem. And nowhere is this more apparent than in the passenger vehicle market. Car owners traditionally replace… Continue reading Embracing the Software-Defined Vehicle Business Model
Original One Parts™ adds David Merrell as Vice President of National Sales, promotes Brian Driehorst to Senior Vice President of Global Procurement
DALLAS, July 19, 2022 /PRNewswire/ — Original One Parts, LLC, a portfolio company of Kinderhook Industries, today announced that veteran automotive sales leader David Merrell has joined the company as Vice President of National Sales. In addition to adding Mr. Merrell to the company, Original One Parts has also promoted Brian Driehorst to the newly… Continue reading Original One Parts™ adds David Merrell as Vice President of National Sales, promotes Brian Driehorst to Senior Vice President of Global Procurement
ENTERTAINMENT TAKES CENTER STAGE IN AMERICANS’ VACATION PLANS
According to the ticket insurance and assistance company’s latest survey, 60% of Americans plan to attend at least one ticketed event by the end of the year, with 20% of respondents planning on attending three or more events. The average number of events on calendars decreases based on the rising age of the respondent; specifically,… Continue reading ENTERTAINMENT TAKES CENTER STAGE IN AMERICANS’ VACATION PLANS
Military Communications Market to Grow USD USD 20060 Million by 2028 with a CAGR of 7.7% | Valuates Reports
BANGALORE, India, July 19, 2022 /PRNewswire/ — The Global Military Communications Market is Segmented by Type (Communication Equipment, Communication System), by Application (Army, Navy, Air Force): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Military Category. Due to the COVID-19 pandemic, the global Military Communications market size is estimated to be worth… Continue reading Military Communications Market to Grow USD USD 20060 Million by 2028 with a CAGR of 7.7% | Valuates Reports
BitSight Discovers Critical Vulnerabilities in Widely Used Vehicle GPS Tracker
Groundbreaking research finds consumers, companies, government agencies and law enforcement at high risk of personal injury, surveillance, vehicle disablement, supply chain disruption BOSTON, July 19, 2022 /PRNewswire/ — BitSight announced today the discovery of six severe vulnerabilities in the MiCODUS MV720 GPS Tracker, a popular vehicle GPS tracker made in China and used worldwide by… Continue reading BitSight Discovers Critical Vulnerabilities in Widely Used Vehicle GPS Tracker
Eve announces a Letter of Intent (LOI) for up to 150 eVTOLs from partnership between Embraer and BAE Systems
FARNBOROUGH, United Kingdom, July 19, 2022 /PRNewswire/ — Eve Holding, Inc. (“Eve”) (NYSE: EVEX; EVEXW) announced today at the Farnborough Airshow a non-binding Letter of Intent (“LOI”) with Embraer and BAE Systems to explore the potential order of up to 150 electric vertical take-off and landing (eVTOL) vehicles with the aim of examining the aircraft application… Continue reading Eve announces a Letter of Intent (LOI) for up to 150 eVTOLs from partnership between Embraer and BAE Systems