Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market. Toyota lays off workers amid China’s EV transition Japanese automakers are stumbling in China’s evolving auto landscape. According to a new report from Reuters, Toyota’s joint venture with China’s Guangzhou Automobile… Continue reading Toyota falters as Japan’s EV hesitancy claims second victim in China
Tag: People
Tesla starts offering 7-year loans to lower payments on its electric cars
Tesla has started to offer 84-month (7-year) loans on its electric vehicles in order to lower monthly payments amid high-interest rates. If you haven’t been following the world of economics lately, policies have led to extremely high interest rates, which is affecting the borrowing capacity of most people, especially when it comes to large purchases… Continue reading Tesla starts offering 7-year loans to lower payments on its electric cars
Stellantis, Samsung SDI will team to build a second EV battery plant in United States
Stellantis NV’s third battery manufacturing plant in North America will be built with Korean battery partner Samsung SDI in the United States, the companies said Monday. The exact location of the second plant under the existing StarPlus Energy joint venture wasn’t disclosed with the announcement of a signed memorandum of understanding, whose execution is subject… Continue reading Stellantis, Samsung SDI will team to build a second EV battery plant in United States
Untitled
NEW YORK, July 24 (Reuters) – Electric-vehicle charger operator EVCS is looking to raise $125 million, according to a document seen by Reuters, as it races to expand its network of fast chargers eightfold by 2025 and capitalize on the U.S. government’s push to boost EV adoption. A $5 billion federal program to electrify U.S.… Continue reading Untitled
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
TEAMSTER LEADERS UNANIMOUSLY ENDORSE TFORCE FREIGHT TENTATIVE AGREEMENT
WASHINGTON, July 24, 2023 /PRNewswire/ — Teamsters local leaders unanimously endorsed the new tentative agreement between the Teamsters National Freight Industry Negotiating Committee (TNFINC) and TForce Freight on Monday. The contract, which will go to the membership for ratification, boosts wages, improves benefits, and protects Teamster jobs with no givebacks to TForce. “We have forged… Continue reading TEAMSTER LEADERS UNANIMOUSLY ENDORSE TFORCE FREIGHT TENTATIVE AGREEMENT
@VW Group: Tour de France winner accompanied to the finish line by camouflagednew Superb Combi, receives trophy by Škoda Design team007593
“All the participants deserve our most sincere congratulations for their remarkable performances. It is always an emotional moment to watch up close with the fans as the riders zip past, and a special thrill for anyone with a heart for Škoda Auto to see more than 200 of our vehicles supporting the teams, staff and first responders… Continue reading @VW Group: Tour de France winner accompanied to the finish line by camouflagednew Superb Combi, receives trophy by Škoda Design team007593
@VW Group: Audi Summer Tour: Audi and FC Bayern Munich take to the pitch in an important growth market007594
The Audi Summer Tour 2023 will see FC Bayern Munich travel to Asia from July 24 to August 3 ahead of the start of the new season. There, the reigning German champions will meet treble winners Manchester City with former FCB coach Pep Guardiola, among other rivals. New signings Raphaël Guerreiro and Konrad Laimer are… Continue reading @VW Group: Audi Summer Tour: Audi and FC Bayern Munich take to the pitch in an important growth market007594
@VW Group: Four weeks of high culture: The Audi Summer Concerts 2023 take stock007593
The Audi Summer Concerts 2023 have concluded after four eventful weeks filled with remarkable music. Over 25,000 attendees relished twelve unforgettable concerts and numerous side events, creating an enriching experience for people of all ages. These achievements have further solidified the festival’s vision for the future, focusing on exceptional artistic excellence, a spirit of innovation,… Continue reading @VW Group: Four weeks of high culture: The Audi Summer Concerts 2023 take stock007593
Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion
Group14 accelerates its strategy to build silicon battery technology infrastructure in Europe to support its automotive customers and partners Acquisition of Schmid Silicon, Europe’s most technologically advanced silane manufacturer, sets up Group14 to provide for a more secure silicon battery supply chain As Group14 establishes operations in Europe, the company plans to open its first… Continue reading Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion