Three years after its financial crisis, Sri Lanka is set to re-open its doors for the imports of commercial vehicles, construction equipment, and electric vehicle makers, starting September 2023, Sri Lankan Finance Minister Shehan Semasinghe said in an interview with Autocar Professional. The nation may progressively open doors to two-wheeler makers like Bajaj Auto and… Continue reading Sri Lanka to open doors for truck and EV imports from September, two wheelers may be allowed from 2024, Finance Minister Shehan Semasinghe
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@FCA: 2023 Jeep® Gladiator Rubicon FarOut Marks Final EcoDiesel Production
August 11, 2023 , Windsor, Ontario – The Jeep® brand is marking the end of Gladiator EcoDiesel production with the limited-edition Gladiator Rubicon FarOut. Introduced for the 2021 model year, the Jeep Gladiator Rubicon EcoDiesel raised the capability bar with best-in-class 442 lb.-ft. of torque, unmatched in the midsize pickup truck segment, the TorqueFlite 8HP75 eight-speed… Continue reading @FCA: 2023 Jeep® Gladiator Rubicon FarOut Marks Final EcoDiesel Production
BYD calls on China automakers to unite, ‘demolish the old’ in global push
(Reuters) – A patriotic call by China’s bestselling automaker to band the industry together and “demolish the old legends” of the global market has gone viral, drawing both raves and a rebuke from a rival. BYD used an event this week to mark a production milestone to celebrate a bigger purpose: the emergence of China… Continue reading BYD calls on China automakers to unite, ‘demolish the old’ in global push
NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
NIO Inc. (NIO) closed at $13.25 in the latest trading session, marking a -1.56% move from the prior day. This move lagged the S&P 500’s daily gain of 0.03%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.12%. Heading into today, shares of the company had gained 20.61% over the past… Continue reading NIO Inc. (NIO) Stock Sinks As Market Gains: What You Should Know
Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
BERLIN, Aug. 10, 2023 /PRNewswire/ — Heramba GmbH and Heramba Holdings Inc. (“Heramba”) today announced that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Kiepe Electric is a global leader in the electrification of road and rail urban… Continue reading Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
Swiss food manufacturer increases order-picking speed by 60% using two-level intelligent conveyor system
Fine-food company KNEUSS Güggeli cut costs, increased throughput, and saved space with the help of OEM and intralogistics specialist Stöcklin Logistik AG, deploying Rockwell Automation MagneMotion BRUSSELS, Aug. 10, 2023 /PRNewswire/ — Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced Swiss poultry specialist KNEUSS Güggeli… Continue reading Swiss food manufacturer increases order-picking speed by 60% using two-level intelligent conveyor system
Defense Geospatial System Market to Reach $367.40 Billion, Globally, by 2032 at 11.4% CAGR: Allied Market Research
The global defense geospatial system market is experiencing growth due to a demand of reconnaissance and surveillance, and Integration with other systems in the defense industry PORTLAND, Ore., Aug. 9, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Defense Geospatial System Market by technology (Geographic Information System, Global Positioning System, and Remote Sensing), by type… Continue reading Defense Geospatial System Market to Reach $367.40 Billion, Globally, by 2032 at 11.4% CAGR: Allied Market Research
Seaports to Deploy Over 370,000 Autonomous Guided Vehicles by 2030 to Alleviate Congestion
NEW YORK, Aug. 9, 2023 /PRNewswire/ — The maritime industry has drastically surged its automation efforts in the wake of global seaport congestion. In addition to solutions such as gantries, automated port gates, and stacking cranes, autonomous horizontal transport modes such as Automated Guided Vehicles (AGVs) that transport containers and loads to and from ships… Continue reading Seaports to Deploy Over 370,000 Autonomous Guided Vehicles by 2030 to Alleviate Congestion
Chengdu, a Grand Finale!
CHENGDU, China, Aug. 9, 2023 /PRNewswire/ — A news report from Xinhua: On August 8, as the representatives of the International University Sports Federation (FISU) and the mayor of Chengdu handed over the flag to the representatives of the next host city, Rhine-Ruhr, Germany, fireworks flared up above the closing ceremony venue Chengdu Open-Air Music Park,… Continue reading Chengdu, a Grand Finale!
SM Investments net income grows 32% to PHP36.5bn in H1 on strong consumer confidence
PASAY CITY, Philippines, Aug. 9, 2023 /PRNewswire/ — SM Investments Corporation (SM Investments) reported a consolidated net income of PHP36.5 billion in the first six months, up 32% from PHP27.7 billion in the same period last year. Consolidated revenues rose 18% to PHP286.3 billion in the January to June period from PHP242.6 billion in the same… Continue reading SM Investments net income grows 32% to PHP36.5bn in H1 on strong consumer confidence