Category: Newswire

Shipsy Raises USD 25 Million in Series B To Accelerate Global Expansion and Product Innovation

The funding will enable Shipsy to continue growing its stronghold in the Middle East, India and Southeast Asian markets while accelerating global expansion into Europe and the US. Shipsy will also use the funds to drive rapid technological innovation with a greater focus on enhancing logistics sustainability and its AI, ML and Blockchain capabilities. “We… Continue reading Shipsy Raises USD 25 Million in Series B To Accelerate Global Expansion and Product Innovation

Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

COLUMBUS, Ind.–(BUSINESS WIRE)–At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE: CMI), a global power leader, shared the Company’s plans to generate profitable growth driven through leadership in the design, manufacture, and support of powertrain technology across a number of fuel types and power sources. “The decarbonization… Continue reading Cummins Shares Plans to Deliver Long-Term Growth and Increased Profitability

AutoNation Announces Pricing of $700 Million Aggregate Principal Amount of Senior Notes

FORT LAUDERDALE, Fla., Feb. 23, 2022 /PRNewswire/ — AutoNation, Inc. (NYSE: AN) (the “Company”) announced today the pricing of $700 million aggregate principal amount of senior unsecured notes due 2032 at 3.850% (the “notes”). The notes will be issued at 99.835% of the aggregate principal amount, representing a yield to maturity of 3.870%. The offering is… Continue reading AutoNation Announces Pricing of $700 Million Aggregate Principal Amount of Senior Notes

Marelli supplies the inverter for the new BMW CE 04 electric scooter

“We are glad to be on board such an outstanding electric vehicle like the BMW CE 04. The availability of new electric two-wheelers further enlarges the opportunities for users to enter into the mobility of tomorrow,” said Hannes Prenn, President of Marelli’s Vehicle Electrification division. “The inverter technology is a key enabler to ensure efficient energy… Continue reading Marelli supplies the inverter for the new BMW CE 04 electric scooter

Jiuzi Holdings, Inc. Signs Strategic Cooperation Agreement with Leading Electric Vehicle Manufacturer in China

HANGZHOU, China, Feb. 23, 2022 /PRNewswire/ — Jiuzi Holdings, Inc. (NASDAQ: JZXN; the “Company”), a new energy vehicles franchisor and retailer under the brand name “Jiuzi” in China, today announced that, on January 6, 2021, the Company, through its wholly-owned subsidiary, Zhejiang Jiuzi New Energy Vehicles Co., Ltd. (“Zhejiang Jiuzi”), has entered into an one-year… Continue reading Jiuzi Holdings, Inc. Signs Strategic Cooperation Agreement with Leading Electric Vehicle Manufacturer in China

Yanmar Invests $21M in GetMyBoat as Part of Series B Funding

FOSTER CITY, Calif., Feb. 23, 2022 /PRNewswire/ — GetMyBoat, the world’s largest boat rental and water experience marketplace, announced today that Yanmar has acquired a majority stake in the business and injected $21M in growth capital as part of the Series B round. The funding will be used to expand the team and accelerate international growth… Continue reading Yanmar Invests $21M in GetMyBoat as Part of Series B Funding

Autoliv to collaborate with Polestar on groundbreaking climate-neutral car

STOCKHOLM, Feb. 23, 2022 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) and (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announces its intent to collaborate with Polestar in its industry-leading initiative Polestar 0. The goal is to develop a truly climate-neutral car by 2030.  The “Polestar 0” project unites companies across the automotive supply chain to… Continue reading Autoliv to collaborate with Polestar on groundbreaking climate-neutral car

Hyundai Transys’ Future Mobility Seat Concept Reflects New Sustainable Design Direction

At the show, Hyundai Transys is exhibiting its color-material-finish (CMF) concept seat in the fair’s innovation section under the theme ‘Shift to Regenerative Mobility’. The company developed new sustainable leather and other regenerative materials in partnership with Italian and Korean manufacturers to create an innovative seat concept from tanning waste. Hyundai Transys selected the leather… Continue reading Hyundai Transys’ Future Mobility Seat Concept Reflects New Sustainable Design Direction

Autoliv: Board of Directors approves renewal of EMTN Programme

STOCKHOLM, Feb. 22, 2022 /PRNewswire/ — The Funding Committee of the Board of Directors of Autoliv, Inc. (NYSE: ALV and SSE: ALIV.sdb) (the “Company“) approved today the renewal for one year of its €3,000,000,000 guaranteed euro medium term note programme (the “EMTN Programme“), which was originally established on 11 April 2019.  The renewal of the… Continue reading Autoliv: Board of Directors approves renewal of EMTN Programme