FEDERAL HOME LOAN BANK OF CINCINNATI ANNOUNCES 2024 AFFORDABLE HOUSING PROGRAM AWARD RECIPIENTS

Nearly $49.5 million in Affordable Housing Program subsidy will benefit affordable housing development in Kentucky, Ohio, Tennessee and beyond CINCINNATI, Nov. 21, 2024 /PRNewswire/ — Federal Home Loan Bank of Cincinnati President and CEO Andrew S. Howell announced the recipients of 56 Affordable Housing Program (AHP) grants totaling over $49.5 million—marking FHLB Cincinnati’s largest grant announcement… Continue reading FEDERAL HOME LOAN BANK OF CINCINNATI ANNOUNCES 2024 AFFORDABLE HOUSING PROGRAM AWARD RECIPIENTS

Audi unleashes the 2025 RS e-tron GT: a record-breaking electric beast

Audi has launched the new 2025 RS e-tron GT and S e-tron GT to update its top-performance EV lineup with what is now the most powerful and fastest accelerating production vehicle in the brand’s history. With almost 1,000 horsepower and a 0-60 mph time of just 2.4 seconds, Audi’s electric flagship joins the electric supercar… Continue reading Audi unleashes the 2025 RS e-tron GT: a record-breaking electric beast

Jidu aims to lead in futuristic design

Frank Wu, CDO of Jidu Auto, introduces the Jidu Robo X at the Guangzhou auto show on Nov 15. [Photo provided to chinadaily.com.cn] Jidu Auto, the joint venture of Baidu and Geely, aims to provide futuristic design with the latest technology in their vehicles, which will serve people like a robot, said Frank Wu, chief… Continue reading Jidu aims to lead in futuristic design

BYD achieves 10-million-NEV milestone amid China’s industry boom

SHENZHEN – Chinese automaker BYD recorded a milestone on Monday when its 10-millionth new energy vehicle (NEV) rolled off the production line at a plant in South China’s Guangdong province. Industry insiders say that BYD’s achievement highlights both the rapid growth of China’s NEV sector and the country’s proactive efforts to promote green and low-carbon… Continue reading BYD achieves 10-million-NEV milestone amid China’s industry boom

Michelin’s ‘tireless’ efforts pay off

Visitors gather at Michelin Group’s booth during the seventh China International Import Expo in Shanghai earlier this month. [Photo provided to China Daily] With China entering a new era of green and innovation-led growth, Michelin Group, a French tire and mobility company, will allocate more resources to cut carbon emissions in the tire production process… Continue reading Michelin’s ‘tireless’ efforts pay off

Revlon Signs Lease to Relocate its New Jersey-based Science and Innovation Lab to The Northeast Science & Technology (NEST) Center

KENILWORTH, N.J., Nov. 19, 2024 /PRNewswire/ — The Northeast Science and Technology (NEST) Center, a premier 100+ acre campus dedicated to research and development innovations, announced today that Revlon, a global leader in cosmetics and personal care, will relocate its New Jersey-based science and innovation (R&D) lab to the NEST campus. Lise Jorgensen, Revlon’s Chief… Continue reading Revlon Signs Lease to Relocate its New Jersey-based Science and Innovation Lab to The Northeast Science & Technology (NEST) Center

Global Ceramic Ball Valve Market Analysis (2024-2030): Resilient Solutions for Industrial Flow Control | Valuates Reports

BANGALORE, India, Nov. 21, 2024 /PRNewswire/ — Ceramic Ball Valve Market is Segmented by Type (Manual Operated Ceramic Ball Valve, Electric Operated Ceramic Ball Valve, Pneumatic Operated Ceramic Ball Valve), by Application (Oil and Gas, Chemical, Steel, Power): Global Opportunity Analysis and Industry Forecast, 2024-2030. The Global Ceramic Ball Valve Market is projected to reach… Continue reading Global Ceramic Ball Valve Market Analysis (2024-2030): Resilient Solutions for Industrial Flow Control | Valuates Reports

German FAZ: Swedish battery manufacturer Northvolt applies for bankruptcy protection008204

After a long struggle to find new financing, the Swedish battery manufacturer Northvolt has filed for bankruptcy protection under Chapter 11 of the American bankruptcy code. As the company announced on Thursday evening, this will enable it to “restructure its debts, adapt the business based on current customer needs and create growth prospects.” At the… Continue reading German FAZ: Swedish battery manufacturer Northvolt applies for bankruptcy protection008204

German Manager Magazine: Northvolt files for bankruptcy protection in the USA, Heide should continue to operate as before003755

The Swedish battery cell manufacturer Northvolt, once set up to set up independent battery cell production for electric cars in Europe, is seeking protection under Chapter 11 of bankruptcy law in the USA. The financially troubled company announced this on Thursday. The restructuring process protects the company of co-founder and CEO Peter Carlsson (54) from… Continue reading German Manager Magazine: Northvolt files for bankruptcy protection in the USA, Heide should continue to operate as before003755