Category: Automotive

GFC expects its SE Asia deal pace to continue but will adopt selective approach

Seed- and growth-stage investor Global Founders Capital (GFC), which has backed the likes of Traveloka and Lazada, is planning to invest in more than 10 early-stage companies in the next six months in Southeast Asia but will adopt a selective approach given the changing environment for tech investments, a top executive said. “As the environment… Continue reading GFC expects its SE Asia deal pace to continue but will adopt selective approach

Taiwanese insurers Cathay Life, Fubon Life commit $91m to three funds

Taiwanese insurers Cathay Life Insurance and Fubon Life Insurance have made a total of $91 million in new capital commitments to three funds, according to separate filings on the Taiwan Stock Exchange. Cathay Life Insurance, the insurance subsidiary of Taiwanese conglomerate Cathay Financial Holdings, has agreed to commit €30 million ($31 million) to The Eighth… Continue reading Taiwanese insurers Cathay Life, Fubon Life commit $91m to three funds

Viva China close to buying controlling stake in UK shoemaker Clarks

Viva China Holdings, a Chinese sports talent agency founded by gymnast-entrepreneur Li Ning, moved a step closer to taking control of British shoe brand Clarks. Hong Kong-traded Viva China, which owns Li’s namesake sports apparel brand, said Wednesday that shareholders approved the plan to acquire Clarks. The deal will help Viva China to further expand… Continue reading Viva China close to buying controlling stake in UK shoemaker Clarks

Next Generation Electric Hybrid Buses Featuring Allison Transmission’s eGen Flex™ Arrive at IndyGo

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission is pleased to announce that in partnership with GILLIG and Cummins, the first buses equipped with its Allison eGen FlexTM electric hybrid propulsion system have arrived at the Indianapolis Public Transportation Corporation (IndyGo). The eGen Flex is the next generation of Allison’s proven H 40 EPTM electric hybrid propulsion system, which has… Continue reading Next Generation Electric Hybrid Buses Featuring Allison Transmission’s eGen Flex™ Arrive at IndyGo

42.03 Million Units Growth Expected in Automotive Anti-Pinch Power Window System Market | APAC to Notice Faster Growth Pattern | Technavio

NEW YORK, June 15, 2022 /PRNewswire/ — Technavio estimates the global Automotive Anti-Pinch Power Window System Market size to grow by 42.03 million units, at a CAGR of 10.1% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. The market… Continue reading 42.03 Million Units Growth Expected in Automotive Anti-Pinch Power Window System Market | APAC to Notice Faster Growth Pattern | Technavio

GreenPower Hosts Educational Display and Demonstration of All-Electric School Buses and Commercial Vehicles at the U.S. Capitol

GreenPower hosted members of Congress, West Virginia state delegates, school district personnel and the general public to review the health benefits of electric vehicles for our children and communities, the safety and reliability of zero-emission school buses, and various funding programs available to school districts. Participants were able to learn about the BEAST, Nano BEAST… Continue reading GreenPower Hosts Educational Display and Demonstration of All-Electric School Buses and Commercial Vehicles at the U.S. Capitol

“WHI Announces Sikorsky CH-53K© Cockpit Escape Hatches and Transition Kit Awards”

SPRINGFIELD, Mass. and TULSA, Okla., June 15, 2022 /PRNewswire/ — WHI Global, LLC (“WHI”), an integrated manufacturer of metal and composite structures for the aerospace & defense industry, has been selected by Sikorsky, a Lockheed Martin company to produce the Cockpit Escape Hatches, Transition to Cabin Joining Kit and Transition to Tail Rotor Pylon Joining Kit… Continue reading “WHI Announces Sikorsky CH-53K© Cockpit Escape Hatches and Transition Kit Awards”

LION ELECTRIC FILES PRELIMINARY BASE SHELF PROSPECTUS

Lion currently intends to establish an “at-the-market” equity program following issuance of a receipt for the final Base Shelf Prospectus, subject to market conditions MONTREAL, June 15, 2022 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that… Continue reading LION ELECTRIC FILES PRELIMINARY BASE SHELF PROSPECTUS

GM announces where its next Cadillac EV will be built and it’s unexpected

For the first time ever, General Motors will build a vehicle for sale at its Global Technical Center in Warren. GM said Wednesday it will invest $81 million for machinery and other equipment to prepare the campus to build the Cadillac Celestiq.  The Celestiq is meant to be the brand’s flagship EV and it will… Continue reading GM announces where its next Cadillac EV will be built and it’s unexpected