Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, known for manufacturing solar cell materials. The two companies will jointly… Continue reading Foxconn unit invests $36m in Gigasolar partnership to develop EV battery materials
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Canoo Debuts Air Purifying Climate Control with UV Technology
Canoo’s Air Purifying Climate Control enhances interior air quality and kills viruses instantly, including Covid-19. Tweet this “Our air purifying technology is designed to keep cabin interiors odor and germ free. Built for families, ride hailing and road-trips our UV-light technology instantly kills viruses, improves air quality and provides peace of mind – that we… Continue reading Canoo Debuts Air Purifying Climate Control with UV Technology
BorgWarner Publishes 2021 Sustainability Report, Showcases Significant Achievements and High-Reaching Goals
AUBURN HILLS, Mich., June 15, 2021 /PRNewswire/ — BorgWarner, a company focused on delivering innovative and sustainable mobility solutions for the vehicle market, has released its 2021 Sustainability Report, “Evolving For All,” detailing the company’s recent sustainability accomplishments and showcasing short- and long-term goals for environmental stewardship, social responsibility and governance. Continue Reading To read the… Continue reading BorgWarner Publishes 2021 Sustainability Report, Showcases Significant Achievements and High-Reaching Goals
MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $2.06 Per Share
LAS VEGAS, June 15, 2021 /PRNewswire/ — MGM Growth Properties LLC (“MGP”) (NYSE:MGP) today announced that its board of directors declared a quarterly cash dividend of $0.515 per Class A common share for the second quarter. On an annualized basis, the dividend of $2.06 represents an increase of $0.08 per share. This is the 13th dividend… Continue reading MGM Growth Properties Increases Quarterly Dividend To An Annualized Rate Of $2.06 Per Share
Wheels Up Launches Comprehensive Private Aviation Solution for Corporate Travel Needs “UP For Business” Focuses on Customized Offerings for Companies of Any Size
NEW YORK, June 15, 2021 /PRNewswire/ — Wheels Up, the leading brand in private aviation, today is introducing “UP for Business,” a new customizable solution established within Wheels Up to meet the travel needs of corporate clients. “UP For Business” is structured and scaled to deliver on all corporate private flight needs ranging from aircraft… Continue reading Wheels Up Launches Comprehensive Private Aviation Solution for Corporate Travel Needs “UP For Business” Focuses on Customized Offerings for Companies of Any Size
Nippon Yusen orders 12 LNG-fuelled vehicle carriers
The new ships are expected to be delivered between around 2025 and 2028. TOKYO: Nippon Yusen has ordered 12 heavy car carriers using liquefied natural gas (LNG) as fuel, it said on Tuesday, as it steps up efforts to cut carbon emissions. The order, preliminary at this stage, will more than double the number of… Continue reading Nippon Yusen orders 12 LNG-fuelled vehicle carriers
Toyota Kirloskar Motor resumes operations at Bidadi plant in Karnataka
The company said it is preparing to resume production soon to be able to cater to the immediate mobility needs of its customers and to clear the pending orders that could not be met due to the non-production days of the planned annual maintenance shutdown, followed by the lockdown. New Delhi: Toyota Kirloskar Motor (TKM)… Continue reading Toyota Kirloskar Motor resumes operations at Bidadi plant in Karnataka
Brace for new profit growth cycle, revenge spending, says HDFC MF’s Navneet Munot
HDFC MF’s Navneet Munot MUMBAI: HDFC Mutual Fund’s newly anointed Managing Director and Chief Executive Officer Navneet Munot says India Inc’s profit growth cycle is just starting to pick up after hitting multi-decade lows last year. In 2020-21, India Inc’s profit-to-GDP ratio rose to 2.8 per cent despite the Covid pandemic after hitting multi-decade low… Continue reading Brace for new profit growth cycle, revenge spending, says HDFC MF’s Navneet Munot
@Ford: Ford Bronco is Back! Production Kicks Off at Revamped, Upgraded Michigan Assembly Plant; Shipments Begin
Production of the all-new 2021 Ford Bronco is underway at the Michigan Assembly Plant; the two-door and first ever four-door models are now on their way to Ford dealerships across America Ford has invested $750 million and added approximately 2,700 direct jobs at the Michigan Assembly Plant to build the sixth-generation Bronco A 1.7 million… Continue reading @Ford: Ford Bronco is Back! Production Kicks Off at Revamped, Upgraded Michigan Assembly Plant; Shipments Begin
India: Global Consumer Acquisition Corp raises $170m in NASDAQ listing …
Global Consumer Acquisition Corp (GCAC), a blank cheque company backed by private equity veteran Rohan Ajila, and Gautham Pai, chairman of The Manipal Group, has raised $170 million as part of an initial public offering (IPO) this week. The company, which listed on NASDAQ under the symbol ‘GACQU’ this week, is a special purpose vehicle… Continue reading India: Global Consumer Acquisition Corp raises $170m in NASDAQ listing …