CINCINNATI, Nov. 22, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has entered into a financing agreement with a principal amount of $41.0 million with an institutional lender. The proceeds will be used for current working capital,… Continue reading Workhorse Secures $41 Million Financing from Institutional Lender
Tag: Strategy
Panasonic has no plans for new Tesla battery plant in China: CEO
FILE PHOTO: Panasonic Corp President Kazuhiro Tsuga attends a joint news conference with Toyota Motor Corp President Akio Toyoda in Tokyo, Japan, December 13, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Panasonic Corp (6752.T) has no plans to build a new battery plant for Tesla Inc (TSLA.O) in China, the Japanese company’s chief executive said, as… Continue reading Panasonic has no plans for new Tesla battery plant in China: CEO
@Daimler: 20. Nov 2019Further milestones of the Daimler sustainability initiative
Creating lasting values with sustainable mobility Short version: 12. Daimler Sustainability Dialogue CO2-reduction and sustainable mobility are not only important social challenges, but also key elements of Daimler’s business strategy. The 12th edition of the Daimler Sustainability Dialogue discussed what this means in practice. On 20 and 21 November 2019, the Dialogue brought together over… Continue reading @Daimler: 20. Nov 2019Further milestones of the Daimler sustainability initiative
@Daimler: 04. Nov 2019Daimler launches new corporate structure
November 04, 2019 – We have launched our new corporate structure as planned on November 1, 2019. The separation of the car and van and the truck and bus businesses to two new subsidiaries took effect at the end of October with their respective entries in the commercial register. Three legally independent stock corporations now… Continue reading @Daimler: 04. Nov 2019Daimler launches new corporate structure
Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end
TURIN/PARIS (Reuters) – Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker. FILE PHOTO: The logos of car manufacturers Fiat and… Continue reading Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end
Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility
Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility Built around a unique ecosystem, this joint venture is tasked with developing, producing and marketing hydrogen fuel cell systems for light vehicles, commercial vehicles and trucks as well as for other areas of electromobility. A joint venture built… Continue reading Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility
BMW orders more than 10 billion euros’ worth of battery cells
FILE PHOTO: The logo of BMW is seen at the LA Auto Show in Los Angeles, California, U.S. November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – German carmaker BMW (BMWG.DE) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology… Continue reading BMW orders more than 10 billion euros’ worth of battery cells
@BMW: Speeches BMW Group Press Conference Los Angeles Auto Show 2019
Bernhard Kuhnt, President and CEO BMW of North America LLC Good morning, welcome to the BMW Group! We’re excited to be back on the West Coast in LA. If you were with us in 2017, you remember we started with a completely empty stand. We then filled with various new cars and concepts. Those concepts… Continue reading @BMW: Speeches BMW Group Press Conference Los Angeles Auto Show 2019
Circ, the Berlin-based e-scooter company, makes layoffs following ‘operational learnings’
Circ, the Berlin-based e-scooter rentals — or so-called micromobility — company founded by Lukasz Gadowski of Delivery Hero fame, has made a number of layoffs, TechCrunch has learned. This has seen a reduction in headcount in its HQ and other regional operations. The exact number isn’t clear, although one source placed it at around 50… Continue reading Circ, the Berlin-based e-scooter company, makes layoffs following ‘operational learnings’
@Groupe PSA: Groupe PSA: The Trémery Plant in France’s Grand Est Region Is at the Forefront of Groupe PSA’s Energy Transition
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Yann Vincent, Executive Vice President, Manufacturing & Supply Chain for Groupe PSA (Paris:UG) said, “Years ago we made the decision to invest in the energy transition and make our plants more flexible, as illustrated by the Trémery plant. We are very proud of all our plant employees in the Grand Est… Continue reading @Groupe PSA: Groupe PSA: The Trémery Plant in France’s Grand Est Region Is at the Forefront of Groupe PSA’s Energy Transition