BOCA RATON, Fla., Sept. 15, 2022 /PRNewswire/ — Inflation is a major concern for Floridians, with many saying the higher cost of living has greatly affected their finances and forced them to change summer travel plans, according to the latest statewide survey from the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI). More than… Continue reading FAU Poll: Inflation Delivers a Blow to Summer Travel Plans
Category: Automotive
CVC seeks $2b for Malaysian funeral service provider Nirvana
Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge of the matter told Reuters. The sale process, which is being run by Morgan Stanley, has entered its second round of bids, two of the people said. Suitors in the second round are mostly strategic… Continue reading CVC seeks $2b for Malaysian funeral service provider Nirvana
Ethereum blockchain slashes energy use with major software upgrade
The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95% less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether ETH=BTSP tokens are created, could give Ethereum a major advantage as it seeks to surpass rival blockchain bitcoin. “We believe this is a significant moment that will lead to ETH… Continue reading Ethereum blockchain slashes energy use with major software upgrade
Next-gen BMW EVs to get new battery tech for 620-mile range
BMW has announced details of its next-generation lithium ion batteries for EVs, named Gen6. Due to arrive in the Neue Klasse (New Class) series of cars from 2025, the batteries adopt a cylindrical cell shape – as favoured by Tesla – rather than the flat, prismatic cell shape currently used. Thomas Albrecht, BMW’s head of Efficient Dynamics, told… Continue reading Next-gen BMW EVs to get new battery tech for 620-mile range
Lear Wins New Business With GM – What’s The Benefit?
Reuters UPDATE 3-Biden hops into Corvette, declares Detroit ‘back’ at EV-focused auto show President Joe Biden took a victory lap on Wednesday at the Detroit auto show as he highlighted automakers’ electric-vehicle push, including billions of dollars in investments in battery plants, on the back of new government support. Self-declared “car guy” Biden climbed into… Continue reading Lear Wins New Business With GM – What’s The Benefit?
Ford (F) ’23 Mustang Mach-E, Lincoln to Get Driverless Feature
To rev up its electrification progress and enhance its suite of highway safety features, Ford Motor F is introducing the hands-free highway driving feature in its 2023 Ford Mustang Mach-E and 2023 Lincoln Corsair SUVs. These models’ Advanced Driver Assistance Systems (ADAS) will be updated with BlueCruise 1.2 and Lincoln ActiveGlide 1.2, the latest versions… Continue reading Ford (F) ’23 Mustang Mach-E, Lincoln to Get Driverless Feature
Magna (MGA) Puts Efforts in Micromobility, Commercial Vehicles
Magna International MGA recently announced its $77-million investment in Yulu Bikes, India’s largest technology-driven electrified shared mobility provider. Magna’s investment marks its entry into the rapidly-growing micromobility market. Magna will own a stake and hold a seat on the board of the India-based company. The two companies will establish a new battery-swapping entity. The new… Continue reading Magna (MGA) Puts Efforts in Micromobility, Commercial Vehicles
Denim, a fintech platform for freight brokers, raises $126M in equity and debt
Denim, the fintech platform for freight and logistics formerly known as Axle Payments, today announced that it raised $126 million in a Series B funding round led by Pelion Venture Partners with participation from Crosslink Capital, Anthemis, Trucks VC, FJ Labs, Tribeca Early Stage Partners and Refashiond Ventures at a “nine-figure” valuation. CEO and co-founder… Continue reading Denim, a fintech platform for freight brokers, raises $126M in equity and debt
HICX raises $30M to give companies visibility into their supply chain
HICX, a supplier experience management platform designed to give companies visibility into their supply chain, has raised $30 million in a round of funding led by U.S. private equity firm Wavecrest Growth Partners and Canada’s Espresso Capital. The funding constituted a mixture of $22 million equity and $8 million in debt. Founded in 2004, London-based HICX… Continue reading HICX raises $30M to give companies visibility into their supply chain
Former Volvo Cars Chief Brand Officer Joins EdgeEnergy Team
CINCINNATI, Sept. 15, 2022 /PRNewswire/ — Bob Jacobs, former Chief Brand Officer for the Americas for Volvo Cars, has joined the Advisory Board at Cincinnati based EV infrastructure company EdgeEnergy. Bob led the turnaround of the iconic auto brand and repositioned it for an electrified future. He also spent 6 years leading market and guest… Continue reading Former Volvo Cars Chief Brand Officer Joins EdgeEnergy Team