TikTok will begin requiring accounts belonging to US government departments, politicians and political parties to be verified and will ban videos aimed at campaign fundraising, the short-form video app said on Wednesday. The move comes as TikTok, owned by China’s ByteDance, and other social media platforms are working to clamp down on political misinformation ahead of the U.S. midterm elections in November, after years of being criticized for allowing… Continue reading TikTok to verify political accounts, ban campaign fundraising ahead of mid-term pollsSocial media platforms are working to clamp down on political mis…
Category: Automotive
Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout
A state–backed Japanese fund is in talks with private equity firm Bain Capital to form a consortium and bid for Toshiba, after breaking off from its previous partner, the Nikkei newspaper reported on Wednesday. It would mark a second proposal for Toshiba from state–backed Japan Investment Corp. The fund had previously joined forces with private equity firm Japan Industrial Partners and their bid had made it past the first round of bidding. However, Japan Investment Corp and Japan Industrial… Continue reading Japan state-backed fund said to be in talks with Bain Capital for Toshiba buyout
China Evergrande may transfer some assets to property unit to repay debt
China Evergrande Group said on Wednesday it was considering transferring some assets to its property unit to settle some of the unit‘s debt payments. In July, the company revealed that loans secured by Evergrande Property Services had been diverted to the parent group, which led to Evergrande Group’s chief executive and finance head stepping down. Deposits worth 13.4 billion yuan ($1.90 billion) held by the property unit had been used as collateral for… Continue reading China Evergrande may transfer some assets to property unit to repay debt
China’s Geely-owned Lotus Technology valued at $4.5b in fundraising
Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. The unit, part of Group Lotus which is in turn owned jointly by Chinese automaker Geely and Malaysia’s Etika Automotive, said it would use the proceeds for product innovation and developing global distribution networks. Reuters reported in 2021 that Lotus Technology was… Continue reading China’s Geely-owned Lotus Technology valued at $4.5b in fundraising
New Mercedes-AMG C63 swaps V8 for 670bhp PHEV system
It still sits on steel coil springs, but uses a set of remote-reservoir dampers with a solid piston and external valves for bump and rebound. This improves damping performance under extreme conditions and results in both better control and more comfort. Unlike the racing dampers on which such a system is more commonly seen, the… Continue reading New Mercedes-AMG C63 swaps V8 for 670bhp PHEV system
New Volvo EX90: flagship electric SUV coming on 9 November
The car’s computers also get to know the driver, Ljung Aust told Autocar, learning how they drive so the system can “know when your attention is elsewhere”. Emma Tivesten, Volvo’s senior safety research leader, confirmed these features can be turned off by the driver, but has warned against this. “We’ll continue to innovate until cars… Continue reading New Volvo EX90: flagship electric SUV coming on 9 November
Xpeng G9 launches as “world’s fastest-charging” electric SUV
Chinese electric vehicle manufacturer Xpeng has launched the G9 SUV, a new flagship model that will be the fastest-charging mass-produced SUV on sale, the firm claims. Also the first mass-produced Chinese car to use an 800V silicon carbide battery, the G9 supports charging speeds of up to 480kW when using the firm’s 480kW S4 supercharging stations,… Continue reading Xpeng G9 launches as “world’s fastest-charging” electric SUV
Magna Gears Up for Adventure With Employee Team Entered in the 2022 Rebelle Rally
Magna International Inc. Magna Rebelle Rally Team Magna Rebelle Rally Team Magna Rebelle Rally Team Magna Rebelle Rally Team Magna Rebelle Rally Team Magna Rebelle Rally Team Magna joins Rebelle Rally for the first time, an over 1,550-mile, all-women rally raid Two Magna engineers train in off-road driving and navigation skills Team driving a Jeep®… Continue reading Magna Gears Up for Adventure With Employee Team Entered in the 2022 Rebelle Rally
Allison (ALSN) Boosts eGen Power Axles Through Partnerships
To expand its propulsion solutions, Allison Transmission ALSN formed a strategic cooperation agreement with Anadolu Isuzu, Turkey’s top manufacturer of buses and trucks. Per the agreement, Allison will supply its eGen Power 100S electric axles to Anadolu Isuzu. These will be integrated with Anadolu Isuzu’s light-duty truck and midibus platforms for application in refuse, distribution… Continue reading Allison (ALSN) Boosts eGen Power Axles Through Partnerships
Zacks.com featured highlights include BorgWarner, Phillips 66, The GEO Group, Patrick Industries and Ford
For Immediate Release Chicago, IL – September 21, 2022 – Stocks in this week’s article are BorgWarner BWA, Phillips 66 PSX, The GEO Group GEO, Patrick Industries PATK and Ford Motor Co. F. 5 Low Price-to-Book Stocks Suitable for Value Investors The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks… Continue reading Zacks.com featured highlights include BorgWarner, Phillips 66, The GEO Group, Patrick Industries and Ford