David Huisenga Hired as Chief Strategy Officer for Sigma Defense Systems

PERRY, Ga., Nov. 30, 2022 /PRNewswire/ — Sigma Defense Systems, a leading provider of systems and services for Intelligence Surveillance and Reconnaissance, today announced the appointment of David Huisenga to its leadership team as the Chief Strategy Officer (CSO). Mr. Huisenga will lead the efforts to shape the companies go-to-market strategies and execution for JADC2,… Continue reading David Huisenga Hired as Chief Strategy Officer for Sigma Defense Systems

@Ford: Ford Builds 150,000th Mustang Mach-E; Available in 37 Countries for 2023 with Plans to Add More Soon

DEARBORN, Mich.–(BUSINESS WIRE)–Ford has produced its 150,000th Mustang Mach-E since starting production nearly two years ago, a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2 million annually by 2026. Almost all of Mustang Mach-E’s growth to date is coming from customers replacing… Continue reading @Ford: Ford Builds 150,000th Mustang Mach-E; Available in 37 Countries for 2023 with Plans to Add More Soon

Bosch and Mercedes-Benz introduce driverless valet parking

Bosch and Mercedes-Benz have obtained commercial approval to introduce their autonomous valet parking system in Germany. The Level Four autonomous driving system has been approved for use at Stuttgart Airport’s P6 garage, where it can park – and return – cars without the driver.  It works via the Mercedes Me smartphone app. Drivers book a space… Continue reading Bosch and Mercedes-Benz introduce driverless valet parking

Renault Group partners with Airbus to develop battery tech

Aerospace giant Airbus has partnered with the Renault Group in a move expected to accelerate both companies’ battery research and development efforts. The collaboration will initially concentrate on improving energy management and reducing weight to hasten the development of Airbus’s hybrid aircraft. In the long term, the partnership will develop solid-state batteries – claimed to have… Continue reading Renault Group partners with Airbus to develop battery tech

Report: Ferrari Purosangue order books close at two-year wait

Order books for the Ferrari Purosangue are already closed, a report has claimed. Australian publication Drive reported that Ferrari has temporarily stopped taking orders because the SUV has accrued a two-year waiting list for non-existing customers.  Ferrari marketing and commercial chief Enrico Galliera told Drive “it’s no secret that we stopped taking orders”. Autocar contacted Ferrari for… Continue reading Report: Ferrari Purosangue order books close at two-year wait

New 2023 Honda Civic Type R on sale from £46,995 in the UK

The new Honda Civic Type R hot hatch is on sale now, with prices starting from £46,995 in the UK and deliveries set to begin in January 2023.   The most powerful variant of the venerable Japanese hatch to date, the Type R enters its sixth generation with redesigned bodywork concurrent with the new 11th-generation Honda Civic, also gaining… Continue reading New 2023 Honda Civic Type R on sale from £46,995 in the UK

Munro Mk1 EV: Defender rival to be revealed next week

Scottish EV start-up Munro Vehicles will unveil its first car, the Mk1, on 5 December – a car that, it claims, is the world’s most capable all-electric 4×4.  To be launched in Edinburgh, the 4×4 is conceived as an electric alternative to the Land Rover Defender. It is designed for use in sectors such as construction,… Continue reading Munro Mk1 EV: Defender rival to be revealed next week

Exro Announces Major Milestone with Linamar e-Axle Phase One Project Completion and Provides Operational Update

Exro has successfully completed phase one of its integrated e-axle co-development program with strategic partner, and major tier-1 OEM supplier, Linamar Corporation Exro remains committed to delivering on remaining key deliverables on behalf of shareholders by year-end, including pilots to SEA Electric and Vicinity, and new strategic partner Commencement of series production of Exro’s Coil… Continue reading Exro Announces Major Milestone with Linamar e-Axle Phase One Project Completion and Provides Operational Update

Lear to Participate in the Goldman Sachs 14th Annual Global Automotive Conference

SOUTHFIELD, Mich., Nov. 29, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on December 8, 2022, at the Goldman Sachs 14th Annual Global Automotive Conference in London.  Representing Lear will be: Jason Cardew, SVP and Chief Financial Officer Frank Orsini, EVP and President,… Continue reading Lear to Participate in the Goldman Sachs 14th Annual Global Automotive Conference

Insiders at Eaton Corporation plc (NYSE:ETN) sold US$4.0m worth of stock, possibly indicating weakness in the future

Many Eaton Corporation plc (NYSE:ETN) insiders ditched their stock over the past year, which may be of interest to the company’s shareholders. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, shareholders should take a deeper look… Continue reading Insiders at Eaton Corporation plc (NYSE:ETN) sold US$4.0m worth of stock, possibly indicating weakness in the future