Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is raising its 2023 guidance for a second time this year after the automaker reported second-quarter results Tuesday that were up sharply year over year. The Detroit automaker also said it is increasing cost-cutting measures through next year and… Continue reading General Motors raises full-year guidance, announces deeper cost-cutting
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Detroit auto show to include product reveals from GM, Ford, Stellantis
The Detroit auto show circus is back this September for its second annual fall exhibit under Huntington Place’s big tent, and Detroit automakers say they will be bringing big acts. Ford Motor Co., General Motors Co. and Stellantis NV confirmed this week they will each unveil new vehicles for a total of six reveals during… Continue reading Detroit auto show to include product reveals from GM, Ford, Stellantis
Bollinger Motors gets $3M grant to expand Michigan facilities, add jobs
Oak Park-based electric commercial vehicle company Bollinger Motors Inc. has been awarded $3 million from the state in support of its plan to add up to 237 new jobs and invest $44 million in its Oak Park and Livonia facilities. The Michigan Strategic Fund board approved a Michigan Business Development Program performance-based grant for the… Continue reading Bollinger Motors gets $3M grant to expand Michigan facilities, add jobs
New Chevy Bolt on the way, GM’s Barra says
The Chevrolet Bolt isn’t going away after all. During a second-quarter earnings call Tuesday, General Motors Co. CEO Mary Barra announced the coming of a next-generation Bolt — a lower-priced electric vehicle that GM previously planned to stop producing later this year. “Our customers love today’s Bolt. It has been delivering record sales and some… Continue reading New Chevy Bolt on the way, GM’s Barra says
Two-thirds of dealers worried about future margin erosion
Two-thirds of car dealers (66%) are worried about future margin erosion affecting their business. Startline’s July Used Car Tracker shows the biggest concerns are high values of used cars squeezing margins (mentioned by 66%), cost of electrification such as installing chargers (52%) and rising staffing costs (52%). Other major worries include increasing difficulties surrounding compliance… Continue reading Two-thirds of dealers worried about future margin erosion
Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post
A fleet of Geek+ sorting and mobile robots is now operating in the Hongkong Post’s Central Mail Centre Innovative technology delivers efficiency and accuracy in packet sortation to provide customers with reliable and efficient postal services HONG KONG, July 25, 2023 /PRNewswire/ — Hongkong Post and Geek+ have teamed up to implement its first robotic packet sorting system.… Continue reading Implementation of the first robotics packet sorting system by Geek+ and Hongkong Post
BeCause Partners with Booking.com to Provide API for Third-Party Sustainability Certification Data
The partnership will enable Booking.com to automate the way it updates and manages information about accommodations with recognised third-party sustainability certifications on its platform COPENHAGEN, Denmark, July 25, 2023 /PRNewswire/ — BeCause, a startup enterprise software company transforming how the hospitality, travel, and tourism industries manage their sustainability data, has announced a new partnership with global online… Continue reading BeCause Partners with Booking.com to Provide API for Third-Party Sustainability Certification Data
Iridium Launches Iridium Certus for Aviation Service, Revolutionizing Aircraft Connectivity
MCLEAN, Va., July 24, 2023 /PRNewswire/ — Iridium Communications Inc. (NASDAQ: IRDM) a leading provider of global voice and data satellite communications, today announced the introduction of its Iridium Certus® aviation commercial service, providing a secure cockpit domain with reliable voice and data capabilities. This milestone achievement marks the availability and certification of Iridium Connected®… Continue reading Iridium Launches Iridium Certus for Aviation Service, Revolutionizing Aircraft Connectivity
Overseas Adventure Travel Honored in Travel + Leisure 2023 World’s Best Awards
O.A.T. is #4 Best Intimate-ship Ocean Cruise Line BOSTON, July 25, 2023 /PRNewswire/ — Overseas Adventure Travel (O.A.T.), the leader in personalized small group and solo travel, announced that it has been named #4 in the Best Intimate-ship Ocean Cruise Lines category in the Travel + Leisure 2023 World’s Best Awards. “This award reflects our commitment to providing exceptional… Continue reading Overseas Adventure Travel Honored in Travel + Leisure 2023 World’s Best Awards
Leidos and L3Harris announce team for ATHENA-S
RESTON, Va., July 25, 2023 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, and L3Harris Technologies announced today they are teaming up for the U.S. Army’s Theater Level High-Altitude Expeditionary Next Airborne – Signals Intelligence (ATHENA-S) proposal. Together the companies will seek to deliver two enhanced intelligence, surveillance, and reconnaissance (ISR) aircraft… Continue reading Leidos and L3Harris announce team for ATHENA-S