RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) commits to reduce, by 2034: absolute greenhouse gas emissions from energy consumption of industrial activities (“scope 1 and 2”) by 20% from the 2018 base year. greenhouse gas emissions from use of sold products, considering the whole cycle “well to whell” (“scope 3”) by 37% per vehicle‑kilometer from… Continue reading Groupe PSA: Groupe PSA CO2 Reduction Targets Are Scientifically Certified as Consistent With the Paris Climate Agreement for a 2°C Trajectory
Tag: Strategy
Groupe PSA: Groupe PSA CO2 reduction targets are scientifically certified as consistent with the Paris Climate Agreement
In line with its commitment to tackle climate change, Groupe PSA paves its way to carbon neutrality by having its greenhouse gas emission reduction targets approved by the Science Based Targets initiative (SBTi) Steering Committee. Validated targets echo the unconditional necessity to limit global warming to 2°C above pre-industrial levels, according to the latest climate… Continue reading Groupe PSA: Groupe PSA CO2 reduction targets are scientifically certified as consistent with the Paris Climate Agreement
ZF and Danfoss ink strategic partnership for R&D and power modules
Harald Deiss, Head of ZF Business Unit Electronic Systems; Jorg Grotendorst, Head of ZF Division E-Mobility; Kim Fausing, CEO, Danfoss Group; and Claus A. Petersen, Head of Danfoss Silicon Power. ZF Friedrichshafen and Danfoss Silicon Power, a subsidiary of the Danfoss Group, the largest industrial company in Denmark, have stepped up their existing cooperation with… Continue reading ZF and Danfoss ink strategic partnership for R&D and power modules
Daimler CEO Faces Showdown With Investors Amid Industry Shift
Daimler AG’s new Chief Executive Officer Ola Kallenius is under pressure to map out a strategy to revive flagging profits at the maker of Mercedes-Benz luxury cars, while at the same time preparing for the disruptive shift to electric vehicles.
Boeing drops automation system used to build 777 jets
(Reuters) – Boeing Co (BA.N) has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday. FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE)… Continue reading Boeing drops automation system used to build 777 jets
Daimler cuts costs and sets course for the future
Daimler today presented a new sustainable business strategy at its Capital Market Day. With a clear commitment to CO2-neutral mobility, the company is setting its course for a successful future. “We are positioning the company for the transformation with a clear strategy for the future. The expenditure needed to achieve the CO2 targets require comprehensive… Continue reading Daimler cuts costs and sets course for the future
Sea to offer $1b in convertible notes to drive expansion
Part of the funds will go to other general corporate purposes, such as potential strategic investments and acquisitions. Go to Source
MITSUBISHI MOTORS’ eK X & eK Wagon Kei Cars Win RJC Car of the Year 2020
TOKYO, Nov 13, 2019 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) today announced that eK X (pronounced eK cross) & eK Wagon Kei cars have been selected as the “RJC Car of the Year 2020” run by the Automotive Researchers’ & Journalists’ Conference of Japan (RJC) after the final judging on November 12. RJC… Continue reading MITSUBISHI MOTORS’ eK X & eK Wagon Kei Cars Win RJC Car of the Year 2020
Navistar Impacted By UAW’S Strike At General Motors
LISLE, Ill., Nov. 13, 2019 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today announced that the six-week strike of the United Auto Workers (UAW) union at General Motors Corporation (GM) impacted the company’s ability to deliver approximately 5,000 vehicles to customers during the company’s fiscal fourth quarter of 2019. Due to Navistar’s lost production, the… Continue reading Navistar Impacted By UAW’S Strike At General Motors
Convoy raises $400 million to expand its on-demand trucking platform
Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy’s post-money valuation to $2.75 billion. The round was co-led by Generation Investment Management and previous Convoy investor T.… Continue reading Convoy raises $400 million to expand its on-demand trucking platform