The Michigan Strategic Fund board voted Tuesday to extend deadlines for two previously approved projects. The governing body of the Michigan Economic Development Corp. agreed to extend milestone deadlines for LG Energy Solution’s expansion of its Holland electric-vehicle battery plant, which was previously approved for a $10 million Michigan Business Development Program grant and a… Continue reading MEDC governing board extends deadlines for LG, Magna projects
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Lordstown Motors files for Chapter 11 bankruptcy protection
Lordstown Motors shares plummeted after the electric-vehicle maker once hailed by President Donald Trump for saving automaking jobs filed for bankruptcy. Lordstown Motors shares plummeted after the electric-vehicle maker once hailed by U.S. President Donald Trump for saving automaking jobs filed for bankruptcy. The move to seek Chapter 11 protection from creditors follows a protracted… Continue reading Lordstown Motors files for Chapter 11 bankruptcy protection
Libra Group Launches World’s First Dedicated Space Leasing Company
Group’s new aerospace subsidiary aims to accelerate projected $1 trillion space economy by leasing broad portfolio of space assets; acquires Arctic-based ground station and commits to building additional 20 ground stations around the world. NEW YORK, June 26, 2023 /PRNewswire/ — Libra Group, a privately owned global business group whose subsidiaries own and operate assets in… Continue reading Libra Group Launches World’s First Dedicated Space Leasing Company
BARILLA, MORE SUSTAINABLE SUPPLY CHAINS TOGETHER WITH 9,000 FARMS THE COMMITMENT TO RENEWABLE ENERGY AND 100% RECYCLABLE PACKAGING AND THE SUPPORT FOR LOCAL COMMUNITIES
PARMA, Italy, June 26, 2023 /PRNewswire/ — The Barilla Group Sustainability Report highlights the results achieved from the Parma-based Group for the well-being of people, for the environment and for the communities. According to its purpose “The joy of food for a better life”, Barilla continued to invest in improving its pasta, sauces and bakery products… Continue reading BARILLA, MORE SUSTAINABLE SUPPLY CHAINS TOGETHER WITH 9,000 FARMS THE COMMITMENT TO RENEWABLE ENERGY AND 100% RECYCLABLE PACKAGING AND THE SUPPORT FOR LOCAL COMMUNITIES
Xinhua Silk Road: SW. China’s Chongqing Yubei District committed to building a new hub for international aviation
BEIJING, June 26, 2023 /PRNewswire/ — Positioning to build a new air, land-sea channel and an international aviation gateway hub, Yubei District of southwest China’s Chongqing Municipality, has stepped up efforts to advance the development of airport industry and foreign trade, promote innovation-driven and the construction of a world-class airport cluster covering Chengdu and Chongqing, thus making Chongqing the fourth… Continue reading Xinhua Silk Road: SW. China’s Chongqing Yubei District committed to building a new hub for international aviation
Żabka Group unveils its automated logistics centre in Radzymin near Warsaw
POZNAŃ, Poland, June 26, 2023 /PRNewswire/ — Żabka Group has unveiled its state-of-the-art automated logistics centre in Radzymin near Warsaw, which can supply around 3,500 stores. This facility is the largest and most technologically advanced addition to Żabka Group’s logistics infrastructure. “This is one of the most modern logistics centres in Europe, the largest investment… Continue reading Żabka Group unveils its automated logistics centre in Radzymin near Warsaw
Third-Party Logistics (3PL) Market Insights and Trends 2023-2028 Featuring Profiles of Major Players, Including Agility, CEVA Logistics, DB Schenker, and DHL
DUBLIN, June 27, 2023 /PRNewswire/ — The Global Third-Party Logistics (3PL) Market 2023-2028 report has been added to ResearchAndMarkets.com’s offering. The Global Third-Party Logistics (3PL) Market is estimated at USD 1.21 trillion in 2023, and is expected to reach USD 1.58 trillion by 2028, growing at a CAGR of 5.48% during the forecast period (2023-2028). The market… Continue reading Third-Party Logistics (3PL) Market Insights and Trends 2023-2028 Featuring Profiles of Major Players, Including Agility, CEVA Logistics, DB Schenker, and DHL
Spirit AeroSystems Advances New Contract with International Association of Machinists and Aerospace Workers; Members to Vote on Approval This Week
WICHITA, Kan., June 27, 2023 /PRNewswire/ — Spirit AeroSystems, Inc., a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”), today announced the contents of a new four-year contract proposal unanimously agreed to by the bargaining committee of the Local Lodge 839 of the International Association of Machinists and Aerospace Workers (IAM). IAM union members… Continue reading Spirit AeroSystems Advances New Contract with International Association of Machinists and Aerospace Workers; Members to Vote on Approval This Week
IGT Wins Casino Management System Contract for Rio Hotel & Casino in Las Vegas
A variety of IGT systems modules and the IGT ADVANTAGE™ CMS to power iconic Las Vegas casino beginning in Q4 2023 LONDON, June 27, 2023 /PRNewswire/ — International Game Technology PLC (IGT) (NYSE: IGT) announced today that the Company reached an agreement with Dreamscape Companies to provide its award-winning IGT ADVANTAGE casino management system to the… Continue reading IGT Wins Casino Management System Contract for Rio Hotel & Casino in Las Vegas
UK Auto calls for industrial strategy to secure £106 billion EV prize
UK Automotive calls for cross-party adoption of five pledges as part of an industrial strategy to drive industrial transformation, mobility for all, upskilling, global trade, and clean, affordable energy. Commitment would deliver green automotive manufacturing growth and consumer choice in a thriving, accessible EV market. £106 billion prize at stake with UK BEV production set… Continue reading UK Auto calls for industrial strategy to secure £106 billion EV prize