Tesla is facing a new lawsuit instigated by an owner who is attempting to have Tesla give up its quasi-monopoly on repairing its vehicles. Most people agree that Tesla bypassing the franchise car dealer model and going direct to consumers is an asset for the company. Tesla is removing the intermediary between the automaker and… Continue reading Tesla is being sued by owner in attempt to remove its monopoly on repairs
Tag: People
BMW expects higher margin and deliveries in 2023 amid electric rollout
Spencer Platt | Getty Images News | Getty Images German automaker BMW on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric fleet. The company said it expects an EBIT (earnings before interest and taxes) margin of… Continue reading BMW expects higher margin and deliveries in 2023 amid electric rollout
PepsiCo Leads in AI-Powered Automation With KoiVision Platform
Global leader in convenient foods and beverages PepsiCo is deploying advanced machine vision technology from startup KoiReader Technologies, powered by the NVIDIA AI platform and GPUs, to improve efficiency and accuracy in its distribution process. PepsiCo has identified KoiReader’s technology as a solution to enable greater efficiency in reading warehouse labels. This AI-powered innovation helps… Continue reading PepsiCo Leads in AI-Powered Automation With KoiVision Platform
Apple of My AI: Startup Sprouts Multitasking Farm Tool for Organics
It all started with two software engineers and a tomato farmer on a West Coast road trip. Visiting farms to survey their needs, the three hatched a plan at an apple orchard: build a highly adaptable 3D vision AI system for automating field tasks. Verdant, based in the San Francisco Bay Area, is developing AI… Continue reading Apple of My AI: Startup Sprouts Multitasking Farm Tool for Organics
House panel advances $575M in state incentives for battery plant projects
Proposals to grant a combined $575 million in state incentives to three major battery manufacturing projects advanced Wednesday with approvals from the Democratic-controlled Michigan House Appropriations Committee. The committee, on a 16-12 party-line vote, approved transferring $175 million for a Gotion Inc. project outside of Big Rapids, $200 million for an Our Next Energy project… Continue reading House panel advances $575M in state incentives for battery plant projects
VW gets ready to reveal a people’s car for the electric age
Volkswagen is about to do what Tesla didn’t during its recent investor day: show off an affordable electric vehicle for the masses. The German automaker plans to preview a model that will start below €25,000 ($26,600) and has been using the hashtag #VWforthepeople to promote the event it’s hosting Wednesday in Hamburg. EV blogs and… Continue reading VW gets ready to reveal a people’s car for the electric age
CEAT PARTNERS WITH CNH INDUSTRIAL FOR AGRICULTURE RADIAL TIRE FITMENTS
CEAT Specialty (a division of CEAT Tires) has entered into an agreement with CNH Industrial to supply agricultural radial tires for their machines being produced in Brazil and Argentina. MUMBAI, India, March 15, 2023 /PRNewswire/ — CEAT is proud to announce that CEAT Farmax radials are being fitted in Case IH and New Holland tractors.… Continue reading CEAT PARTNERS WITH CNH INDUSTRIAL FOR AGRICULTURE RADIAL TIRE FITMENTS
Electric Traction Motor Market Will Reach USD 34,891 Million by 2030, Says P&S Intelligence
NEW YORK, March 15, 2023 /PRNewswire/ — The electric traction motor market size is projected to be USD 34,891 million by 2030, advancing at a CAGR of 13.5% over this decade, as per P&S Intelligence. This growth can be ascribed to the increasing need for low-energy-consumption motors, growing expenditure on EVs due to governments’ supportive guidelines for their adoption,… Continue reading Electric Traction Motor Market Will Reach USD 34,891 Million by 2030, Says P&S Intelligence
Nippon Express (Belgium) Joins Pharma.Aero
TOKYO, March 15, 2023 /PRNewswire/ — Nippon Express (Belgium) N.V./S.A. (hereinafter “NX Belgium”), a group company of NIPPON EXPRESS HOLDINGS, INC., became the first Japanese forwarder to join Pharma.Aero (*) on January 25 this year. Pharma.Aero logo: https://kyodonewsprwire.jp/img/202303033576-O1-98z3VY1t NIPPON EXPRESS logo: https://kyodonewsprwire.jp/img/202303033576-O2-Liv03U6J The Nippon Express Group has positioned the pharmaceutical industry as a key industry in… Continue reading Nippon Express (Belgium) Joins Pharma.Aero
Flight path clear for plans to redevelop RAF Scampton
LONDON, March 15, 2023 /PRNewswire/ — Scampton Holdings Ltd (SHL), West Lindsey District Council’s development partner for the regeneration of RAF Scampton, an 800-acre historic site, are pressing on with plans to preserve, protect and enhance the site despite speculation last week that the Home Office was considering the site for its suitability to accommodate… Continue reading Flight path clear for plans to redevelop RAF Scampton