Fri, Sep 17, 2021 09:44 CET Lesjöfors’ gas springs business is expanding worldwide. The reasons for this are related to new sales channels and reliable deliveries as well as recovery from last year’s dip in demand caused by corona restrictions. Customers appreciate the high service level greatly. Almost all markets where Lesjöfors offers gas springs… Continue reading Fast supply accelerates the gas springs business
Tag: M and A
Knott Brake Co. Partners With Award-Winning Supplier
LODI, Ohio, Sept. 17, 2021 /PRNewswire/ — The Knott Brake Company partnered with its long-term powdered metal supplier, Sintergy Incorporated, to develop a new concept in the manufacture of 6″ drum brake shoes using the powdered metals manufacturing process, and in doing so were awarded the 2021 international award for an Outstanding Application of Powder… Continue reading Knott Brake Co. Partners With Award-Winning Supplier
Kia America Takes Over Primetime To Introduce All-Electric EV6 And The New Kia America Brand
“The Kia EV6 is just the beginning of what the future holds for the Kia America brand,” said Russell Wager, vice president, marketing, Kia America. “Based on the success of the partnerships Kia enjoyed last year with both the Emmys and America’s Got Talent, we continue the launch of this all-new vehicle and highlight Kia’s… Continue reading Kia America Takes Over Primetime To Introduce All-Electric EV6 And The New Kia America Brand
DENSO to Issue Sustainability Bonds for the First Time
KARIYA, Japan, Sept. 17, 2021 /PRNewswire/ — DENSO Corporation announces that it has issued DENSO Group’s first sustainability bonds denominated in USD to further promote sustainability management. Sustainability bonds are bonds issued to finance activities that contribute to both environmental and social sustainability. Since its founding, DENSO has practiced sustainability management, which aims to pursue… Continue reading DENSO to Issue Sustainability Bonds for the First Time
SK Innovation to Significantly Expands Battery Production Capacity in China… Approved the Division of Battery Business
<SK Innovation researchers are holding batteries.> SK Innovation will increase the production capacity of its Yancheng plant, one of China’s three battery plants, to 32 GWh (gigawatt hour). Through this, it will expand China’s battery production to 50GWh, an 85% increase from the current (27GWh). SK Innovation will respond to global auto demand in China,… Continue reading SK Innovation to Significantly Expands Battery Production Capacity in China… Approved the Division of Battery Business
Kotak Group strengthens vehicle loan biz, acquires VW Finance’s loan portfolio in India
In what indicates changing market dynamics in India, Kotak Mahindra Group has acquired the vehicle financing loan portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive financing arm of the Volkswagen Group. While Kotak Mahindra Prime (Kotak Prime) will acquire the passenger cars and two-wheelers portfolio, Kotak Mahindra Bank Ltd (KMBL) will acquire the… Continue reading Kotak Group strengthens vehicle loan biz, acquires VW Finance’s loan portfolio in India
@GM: GM Defense Awarded $36.4 Million Development Contract to Build Heavy-Duty Surburbans for U.S. Government Agencies
GM Defense Awarded $36.4 Million Development Contract to Build Heavy-Duty Surburbans for U.S. Government Agencies 2021-09-15 WASHINGTON, D.C. — The U.S. Department of State has awarded GM Defense LLC, a subsidiary of General Motors, a contract to develop and validate next generation Large Support Utility Commercial Vehicles (SUV) for future fleet production in support of… Continue reading @GM: GM Defense Awarded $36.4 Million Development Contract to Build Heavy-Duty Surburbans for U.S. Government Agencies
@Ford: Ford Begins Pre-Production of All-Electric F-150 Lightning Truck, Boosts Investment, Adds Jobs in Michigan
One year after Ford confirmed construction of the Rouge Electric Vehicle Center in Dearborn, Mich., the first Ford F-150 Lightning pre-production units begin leaving the factory; the all-electric F-150 Lightning goes on sale next spring With 150,000 reservations for F-150 Lightning to date, Ford is investing an additional $250 million and adding 450 more direct… Continue reading @Ford: Ford Begins Pre-Production of All-Electric F-150 Lightning Truck, Boosts Investment, Adds Jobs in Michigan
CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
The cooperation is focused on cathode active materials and battery recycling The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe NINGDE, China, Sept. 16, 2021 /CNW/ — Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) announced a strategic partnership on battery materials solutions, including cathode active… Continue reading CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
Taiwanese electric scooter maker Gogoro to go public via $2.35b SPAC deal
Taiwanese electric scooter maker Gogoro, which is partly backed by Singapore state investor Temasek, said on Thursday that it will go public through a merger with a blank-check company in a deal that sets its enterprise value at $2.35 billion. Gogoro – which has been pushing to expand overseas – will merge with Poema Global Holdings Corp,… Continue reading Taiwanese electric scooter maker Gogoro to go public via $2.35b SPAC deal