ATLANTA, July 28, 2023 /PRNewswire/ — Today Autoliv of Japan paid $56 million to settle the Andrews v. Autoliv case which resulted in a $127 million bench verdict on January 3, 2022.1 The case was tried before Judge Steve C. Jones of the Northern District of Georgia in October 2021. The payments were made on… Continue reading Butler Prather LLP: Autoliv abandons its appeal of Court Order finding seatbelt defective, pays $56 million to settle 2022 Judgment
Tag: People
Dana Incorporated Reports Strong 2023 Second-quarter Financial Results, Company Raises Full-year Guidance
Key Highlights Sales of $2.75 billion, an increase of $162 million or 6 percent over last year Net income attributable to Dana of $30 million, an increase of $22 million over last year Diluted EPS of $0.21; diluted adjusted EPS of $0.37, an increase of $0.29 per share Adjusted EBITDA of $243 million, an increase… Continue reading Dana Incorporated Reports Strong 2023 Second-quarter Financial Results, Company Raises Full-year Guidance
Greater China Digest: Deal updates from Animoca, Runchengda and CanwayPreviously, Runchengda secured 100m yuan ($14.5m) in September 2021 led by Hongt…
Crypto trading and mobile banking app hi, automotive charging piles maker Runchengda and IT services provider Canway seal deals. Animoca Brands injects $30m into crypto payment firm hi Hong Kong-based gaming software firm and Web3 investment powerhouse Animoca Brands has pumped $30 million into crypto trading and mobile banking app hi, according to an announcement… Continue reading Greater China Digest: Deal updates from Animoca, Runchengda and CanwayPreviously, Runchengda secured 100m yuan ($14.5m) in September 2021 led by Hongt…
Indonesia’s Halodoc raises $100m in Series D round led by return backer Astra
Indonesia’s healthtech platform Halodoc has secured an additional investment of $100 million in its Series D round, led by Indonesian conglomerate and existing investor PT Astra International Tbk (Astra), according to a company statement. With this, Astra’s total investment in Halodoc has reached $135 million. Astra has invested in Halodoc through its subsidiary PT Astra Digital… Continue reading Indonesia’s Halodoc raises $100m in Series D round led by return backer Astra
NABVENTURES invests in Beyond Snáck and other India deals worth $76m
Kerala-based banana chips brand Beyond Snack Thursday announced that it has raised $3.5 million in fresh funding from the NABVENTURES Fund to accelerate its expansion plans. NABVENTURES is a venture growth equity fund that invests in agriculture, food, rural businesses and agri/rural financial services at the early to mid-stage. The investment will be used to… Continue reading NABVENTURES invests in Beyond Snáck and other India deals worth $76m
German Manager Magazin: Auto supplier Brose: Third change of boss within five years002631
For the third time in five years, the Franconian auto parts supplier Brose a new boss. As of September 1, Philipp Schramm is to take over the management of the manufacturer of vehicle doors and seats on an interim basis, as announced by Brose in Coburg. The 43-year-old, who came from the automotive supplier Webasto… Continue reading German Manager Magazin: Auto supplier Brose: Third change of boss within five years002631
Exclusive: BYD tells India partner it wants to drop $1 bln EV investment plan-sources
NEW DELHI, July 28 (Reuters) – China’s BYD (002594.SZ) has told its India joint-venture partner it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi, two people with knowledge of the discussions said. BYD and its partner, privately held Megha Engineering and Infrastructures… Continue reading Exclusive: BYD tells India partner it wants to drop $1 bln EV investment plan-sources
Locus Robotics Breaks Ground for New Global Headquarters, Laying Foundation for Innovation and Growth
Company Highlights Commitment to Technological Advancements and AI-driven Innovation with Expanded Operations at Wilmington, MA facility WILMINGTON, Mass., July 26, 2023 /PRNewswire/ — Locus Robotics, a global leader in autonomous mobile robots (AMRs) for warehouse automation, today broke ground for its new global headquarters in Wilmington, Massachusetts. The expansion stands as a reflection of the company’s remarkable… Continue reading Locus Robotics Breaks Ground for New Global Headquarters, Laying Foundation for Innovation and Growth
8 Disruptors In The Electric Vehicle Boom
FN Media Group Presents Oilprice.com Market Commentary LONDON, July 26, 2023 /PRNewswire/ — Many EV companies are bleeding cash. Many others are involuntarily ceding market share to traditional auto giants like Ford, Chevy and GM. Companies mentioned in this release include: General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), NIO Inc. (NYSE: NIO), Joby… Continue reading 8 Disruptors In The Electric Vehicle Boom
KERTEN HOSPITALITY TO OPERATE THE HOUSE RESIDENCE IN NEOM’S OXAGON
Billed as upscale serviced apartments at the heart of the city’s first residential community, Kerten Hospitality’s House Residence concept will enable visitors to experience Oxagon’s new model for urban living DUBLIN, July 26, 2023 /PRNewswire/ — Kerten Hospitality will enter its House Residence brand in Oxagon, home to advanced and clean industries in NEOM. This… Continue reading KERTEN HOSPITALITY TO OPERATE THE HOUSE RESIDENCE IN NEOM’S OXAGON