Ram Commercial today revealed the 2021 Ram ProMaster at National Truck Equipment Association’s (NTEA) “The Work Truck Show®” in Indianapolis, Indiana. Aimed at one of the largest commercial customer categories – vocational use – the 2021 Ram ProMaster is a hardworking full-size van designed for businesses, construction jobsites and commercial fleets. “Ram Commercial was formed… Continue reading 2021 Ram ProMaster Unveiled at The Work Truck Show® in Indianapolis
Category: Newswire
Ford CEO bans all corporate travel amid coronavirus outbreak
Ford Motor Co. has banned all corporate air travel with few exceptions due to the coronavirus outbreak.Exceptions also cannot create an unacceptable health risk.The person didn’t want to be identified because the memo has not been publicly released.
Electric Ford Transit van confirmed for 2022
Ford is looking to electrify the commercial van segment it currently dominates in the U.S.The automaker has confirmed plans to introduce an all-electric Transit van in 2022.Along with the Transit, Ford is developing an all-electric F-150 pickup that will be suitable for commercial customers.
Utilimaster Unveils New Velocity M3 Walk-in Cargo Van at the 2020 Work Truck Show
“As innovators in fleet vehicle design and engineering, Utilimaster translates customer feedback alongside emerging transportation, infrastructure, and technological trends into innovative designs,” said Daryl Adams, President and Chief Executive Officer, Spartan Motors. “Our commitment to bringing these industry-leading products to market faster and more efficiently means we’re best positioned to meet the needs of our… Continue reading Utilimaster Unveils New Velocity M3 Walk-in Cargo Van at the 2020 Work Truck Show
Neuron EV Envisions Safety Driven Mobility
IRVINE, Calif., March 4, 2020 /PRNewswire/ — Visionary automotive company Neuron EV has recently unveiled PURE, a mobile center for healing and IONFLO, advanced protective gear. Neuron EV believes that automobiles were created to improve people’s lives through safe and easy travel. The company also supports the initiative of bringing people together by reducing the… Continue reading Neuron EV Envisions Safety Driven Mobility
Geely builds presence in satellite industry with new plant and testing center
HANGZHOU, March 4 (Xinhua) — Geely Holding Group announced Wednesday that it has begun construction on an intelligent satellite production and testing center, making it the first private carmaker to produce satellites in China.
The new facility is being built by Geely Holding Group's subsidiary, Geely Technology Group, in Taizhou, east China's Zhejiang province.
The cutting-edge facility will include a modular satellite manufacturing center, a satellite testing center, a satellite R&D center and a cloud computing center. It will be able to develop and produce a variety of different satellite models.
The satellite strategy will be implemented by Geespace, a Geely-run company established in 2018 for the development, launch and operation of low-orbit satellites.
By the end of 2020, Geespace will begin the launch of its commercial low-orbit satellite network that will facilitate highly accurate navigation for self-driving cars.
Li Shufu, chairman of Geely Holding Group, said: “T..
SKF Annual Report 2019 Published
GÖTEBORG, Sweden, March 4, 2020 /PRNewswire/ — AB SKF’s Annual Report 2019 has today been published on the Group’s website. The report focuses on SKF’s operations and value creation for customers, employees, shareholders, the environment and surrounding communities. Sustainability is embedded in SKF’s business and is an integrated part of the Annual Report. The report… Continue reading SKF Annual Report 2019 Published
Brookfield to Weigh $5 Billion Sale of Capital Automotive
Brookfield Property Partners LP is weighing a sale of auto dealership landlord Capital Automotive, which could fetch about $5 billion including debt, according to people with knowledge of the matter.
Ford Bans Business Trips, Discloses Two Employee Virus Cases
Ford Motor Co. banned its employees from any air travel for most of this month, taking more extreme measures than some of its biggest peers after two employees in China contracted the coronavirus.
Alphabet’s Waymo raises US$2.25b for driverless cars
WAYMO raised US$2.25 billion from a slate of private equity investors, venture capitalists and automotive companies, the first time Alphabet Inc’s autonomous vehicle unit has taken outside funds.Silver Lake Management LLC, a private equity firm, led the round, which also includes vehicle manufacturer Magna International Inc, car seller AutoNation Inc, Abu Dhabi’s Mubadala Investment Co and the Canada Pension Plan Investment Board.Alphabet’s “other bets” division, which includes Waymo, has absorbed billions of dollars in losses in recent years.