Category: Automotive

Autos giant Renault is betting the market for gasoline cars will continue to grow

watch now Renault sees the internal combustion engine continuing to play a crucial role in its business over the coming years, according to a top executive at the French automotive giant.   On Tuesday, it was announced that the Renault Group and Chinese firm Geely had signed a non-binding framework agreement to establish a company… Continue reading Autos giant Renault is betting the market for gasoline cars will continue to grow

NVIDIA AI Turbocharges Industrial Research, Scientific Discovery in the Cloud on Rescale HPC-as-a-Service Platform

Just like many businesses, the world of industrial scientific computing has a data problem. Solving seemingly intractable challenges — from developing new energy sources and creating new modes of transportation, to addressing mission-critical issues such as driving operational efficiencies and improving customer support — requires massive amounts of high performance computing. Instead of having to… Continue reading NVIDIA AI Turbocharges Industrial Research, Scientific Discovery in the Cloud on Rescale HPC-as-a-Service Platform

Stellantis to invest $300M in Moroccan plant

Stellantis NV is investing more than $300 million (300 million euro) into its Kenitra plant in Morrocco, to more than double production there and and create nearly 2,000 jobs. The investment is a sign of the transatlantic automaker’s ambitions in the region. It’s looking for places of growth beyond the fairly stable North American and… Continue reading Stellantis to invest $300M in Moroccan plant

Elon Musk sells $3.95 billion worth of Tesla stock

Twitter’s new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. He sold… Continue reading Elon Musk sells $3.95 billion worth of Tesla stock

MTC Invites Bay Area Residents to Shape Strategy for Expanding Public Involvement

SAN FRANCISCO, Nov. 9, 2022 /PRNewswire/ — How can we get more people involved in transportation policies and investment choices? What are the best ways to encourage Bay Area residents to participate in planning for the region’s future? The Metropolitan Transportation Commission (MTC) has released an online survey to get input from the public, partner agencies and… Continue reading MTC Invites Bay Area Residents to Shape Strategy for Expanding Public Involvement

Akima Subsidiary Awarded $13M to Provide the Defense Intelligence Agency with Knowledge Management Support

RiverTech will support the development of a solution to help the DIA gain insights from critical business data HERNDON, Va., Nov. 9, 2022 /PRNewswire/ — Akima today announced that its subsidiary, RiverTech, has been awarded a contract to provide knowledge management (KM) support services to the Defense Intelligence Agency (DIA) Directorate of Operations. The award… Continue reading Akima Subsidiary Awarded $13M to Provide the Defense Intelligence Agency with Knowledge Management Support

@VW Group: Porsche SE invests in quantum computer start-up Xanadu006113

Stuttgart, 9 November 2022. Porsche Automobil Holding SE (“Porsche SE”), Stuttgart, has invested in Xanadu Quantum Technologies Inc. (“Xanadu”), Toronto, Canada, as part of a new financing round. The company, founded in 2016, has become one of the world’s leading quantum hardware and software companies. Xanadu also leads the development of PennyLane, a cross-platform software… Continue reading @VW Group: Porsche SE invests in quantum computer start-up Xanadu006113