Marysville Auto Plant (MAP) will consolidate two assembly lines to retool for production of EVs and EV components Accord production will be transferred from MAP to the Indiana Auto Plant as MAP retools for EV productionHonda Transmission Plant in Georgia will dedicate one production line to e-axle production, an essential component of EVs Anna Engine… Continue reading @Honda: Honda Announces Next Steps in Preparation for U.S. EV Production
Tag: People
TuSimple co-founder blames exit on CEO pay and autonomy downgrade
TuSimple co-founder Xiaodi Hou has refuted allegations from senior leadership that he was trying to poach staff for his new company. In a LinkedIn post, Hou said that he resigned from TuSimple’s board last week due to disagreements about CEO Cheng Lu’s compensation package, as well as the company’s shift from Level 4 autonomy to… Continue reading TuSimple co-founder blames exit on CEO pay and autonomy downgrade
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
Alfa Laval joins the First Movers Coalition, another step towards being carbon neutral by 2030
LUND, Sweden, March 15, 2023 /PRNewswire/ — Alfa Laval is now part of the First Movers Coalition (FMC), a global initiative launched by the World Economic Forum. It is a coalition of companies joining purchasing power to support the decarbonization of seven sectors of industry and long-distance transport that produce hard-to-abate CO2 emissions. Alfa Laval’s… Continue reading Alfa Laval joins the First Movers Coalition, another step towards being carbon neutral by 2030
Volkswagen vows to invest $193 billion in electrification
The automaker aims to establish a bigger presence in North America and China. Volkswagen pinned its future on electric vehicles and announced its plans to put 30 new EVs on the road shortly after its $18.2 billion emissions scandal. Now, the automaker has revealed that it plans to spend $193 billion on different areas of… Continue reading Volkswagen vows to invest $193 billion in electrification
HyreCar Files for Bankruptcy, Prepares for Sale
Third parties will have the opportunity to bid on HyreCar’s assets. An initial competing bid must meet certain conditions and exceed the stipulated value of Holmes’s bid of $7.75 million by at least $457,500. Photo: Canva Carsharing service HyreCar Inc. has announced that it voluntarily initiated a Chapter 11 proceeding in the U.S. Bankruptcy Court for… Continue reading HyreCar Files for Bankruptcy, Prepares for Sale
Asia Digest: Malaysia’s Eco-Shop Marketing eyes IPO; IHH invests in Singapore’s Intellect
Creador Capital-backed budget retail chain Eco-Shop Marketing is likely to list in Malaysia, while Singapore-based mental platform Intellect has secured an investment from IHH Healthcare. Eco-Shop Marketing mulls $179m IPO Malaysia-based budget retail chain Eco-Shop Marketing is reportedly considering an initial public offering (IPO) on the Kuala Lumpur stock exchange, with a potential to raise… Continue reading Asia Digest: Malaysia’s Eco-Shop Marketing eyes IPO; IHH invests in Singapore’s Intellect
Global bank stocks breathe easy after regulators, bankers move to allay fears
Battered Japanese bank stocks clawed back some of their heavy losses on Wednesday, as regulators and financial executives hosed down investor concerns about contagion after the collapse of Silicon Valley Bank (SVB). Markets and financial authorities remained on edge, however, with U.S. deposit holders seeking the safety of larger banks amid growing worries about the health of smaller institutions and the… Continue reading Global bank stocks breathe easy after regulators, bankers move to allay fears
Australian pension funds not doing enough on decarbonisation, says activist investor group
Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said on Wednesday, arguing their environmental commitments could amount to greenwashing. The term ‘greenwashing’ describes exaggerated and misleading claims that suggest an entity are stewards of the environment without real action. Market Forces said… Continue reading Australian pension funds not doing enough on decarbonisation, says activist investor group
Technologycategory
Information you can trust Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Go to Source