The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move, first reported by the Wall Street Journal, is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised… Continue reading TikTok says US threatens ban if Chinese owners don’t sell stakes
Tag: People
Indonesian wealth fund INA eyes $1b investments this year
The Indonesian Investment Authority (INA), the country’s sovereign wealth fund (SWF), is targeting investments worth $1 billion this year, mainly across the energy, infrastructure, digital, and healthcare space. Speaking to DealStreetAsia, Arief Budiman, Deputy CEO of INA, said as of 2022-end, INA had secured investment commitments worth $27 billion, including $10 billion from the UAE;… Continue reading Indonesian wealth fund INA eyes $1b investments this year
Mercedes-Benz tests electric trucks in the Arctic Circle
Mercedes-Benz has put its upcoming electric trucks to the test in bone-chilling cold, ice and snow and says that they have successfully achieved their goals in the latest round of endurance tests conducted over six weeks. Haulage companies are placing the same demands on battery-electric trucks as on their counterparts with conventional diesel engines. Even… Continue reading Mercedes-Benz tests electric trucks in the Arctic Circle
Mercedes-Benz tests electric trucks in the Arctic Circle
Mercedes-Benz has put its upcoming electric trucks to the test in bone-chilling cold, ice and snow and says that they have successfully achieved their goals in the latest round of endurance tests conducted over six weeks. Haulage companies are placing the same demands on battery-electric trucks as on their counterparts with conventional diesel engines. Even… Continue reading Mercedes-Benz tests electric trucks in the Arctic Circle
Cummins announces Mary Chandler retiring after serving Cummins and its global communities since 2011
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced that Mary Chandler, Vice President – Corporate Responsibility and Community Relations and CEO of the Cummins Foundation, is retiring later this spring and Jim Schacht, currently a member of the Corporate Responsibility Leadership Team, will succeed Mary and be promoted to Vice President of Cummins. “Cummins has… Continue reading Cummins announces Mary Chandler retiring after serving Cummins and its global communities since 2011
TuSimple Appoints Two Additional Independent Directors to its Board
SAN DIEGO, March 15, 2023 /PRNewswire/ — TuSimple Holdings Inc. (Nasdaq: TSP) (“TuSimple” or the “Company”), a global autonomous driving technology company, today announced the appointment of J. Tyler McGaughey and Zhen Tao to its Board of Directors as independent directors. Mr. McGaughey will be responsible for overseeing the Company’s compliance with federal government legal… Continue reading TuSimple Appoints Two Additional Independent Directors to its Board
GM studying artificial intelligence assistant that could answer driver questions
General Motors is studying the possibility of an artificial intelligence voice assistant in future vehicles, according to the company. GM Chair and CEO Mary Barra, who was asked for details Tuesday by Fox Business channel anchor Liz Claman, referenced the company’s Ultifi “end-to-end” vehicle software platform. “It’s one of many things we can put on… Continue reading GM studying artificial intelligence assistant that could answer driver questions
History buffs cast shade on Chevrolet for gaffe over famed Michigan lighthouse
General Motors’ Chevrolet dealers in Michigan like to show off vehicles on social media by placing them in front of recognizable landmarks. But when they recently put a photo on Instagram of a Silverado pickup in front of the Fort Gratiot Lighthouse — one of the most famous lighthouses in the state, maybe even the… Continue reading History buffs cast shade on Chevrolet for gaffe over famed Michigan lighthouse
@Ford: Ford to Host March 23 ‘Teach-In’ About Financial Reporting, Strategic Implications of New Customer-Focused Segments
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to… Continue reading @Ford: Ford to Host March 23 ‘Teach-In’ About Financial Reporting, Strategic Implications of New Customer-Focused Segments
BlaBlaCar to acquire Klaxit, a ride-sharing service for daily commutes
BlaBlaCar has announced that it plans to acquire Klaxit, a smaller French startup. Klaxit is a carpooling service so that you don’t have to drive your car to work every day. BlaBlaCar has its own commuting service called BlaBlaCar Daily. Klaxit will complement this service after the acquisition closes. BlaBlaCar is better known for its… Continue reading BlaBlaCar to acquire Klaxit, a ride-sharing service for daily commutes