@VW Group: Volkswagen Group delivers solid nine-month results in a challenging environment; disruptions in production and higher product costs impact third quarter007947

Arno Antlitz, CFO & COO of Volkswagen Group: “Overall, we are on a robust course and have again increased sales volumes and revenues in the third quarter. However, we cannot be satisfied with our profitability, which in the third quarter fell short of our ambitious targets. We are now concentrating on the systemic implementation of… Continue reading @VW Group: Volkswagen Group delivers solid nine-month results in a challenging environment; disruptions in production and higher product costs impact third quarter007947

Hanwha Aerospace, Vertical Aerospace expand eVTOL Aircraft Partnership

Signed an amendment to expand the partnership to develop tilt and blade pitch control system for VX4. Partnership underscores Hanwha’s commitment to leading technology in future mobility domains, including Urban Air Mobility (UAM). SEOUL, South Korea, Oct. 26, 2023 /PRNewswire/ — Hanwha Aerospace (“Hanwha”), a leading aircraft engine and advanced machinery manufacturer, and Vertical Aerospace (NYSE:EVTL)… Continue reading Hanwha Aerospace, Vertical Aerospace expand eVTOL Aircraft Partnership

Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?

The battle for America’s automotive future is now under way in places like a cotton farm in the small South Carolina town of Florence, where, every day, yellow and red excavators are digging up enough dirt and stone to bury an entire football field under 5ft of earth. Last December, Envision AESC, a Japanese manufacturer,… Continue reading Can America’s south-east unseat Detroit as ‘Motown’ of the EV age?

Stellantis to acquire 20% stake in Chinese OEM Leapmotor, plans JV to sell EVs outside China

Stellantis and Leapmotor have today announced that Stellantis plans to invest around 1.5 billion euros to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor… Continue reading Stellantis to acquire 20% stake in Chinese OEM Leapmotor, plans JV to sell EVs outside China

Stellantis to acquire 20% stake in Chinese OEM Leapmotor, plans JV to sell EVs outside China

Stellantis and Leapmotor have today announced that Stellantis plans to invest around 1.5 billion euros to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder. The deal also outlines the formation of Leapmotor International, a 51/49 Stellantis-led joint venture that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor… Continue reading Stellantis to acquire 20% stake in Chinese OEM Leapmotor, plans JV to sell EVs outside China

Toyota eyes capacity expansion in India

Toyota Motor Corporation, through its Indian vehicle manufacturing arm, Toyota Kirloskar Motor (TKM), is considering expanding its manufacturing capacity in India. Speaking to Autocar India on the sidelines of the Tokyo Motor Show, Yoichi Miyazaki, Member of the Board of Directors, Toyota Motor Corp, said: “After Covid, the market recovery is quite strong compared to… Continue reading Toyota eyes capacity expansion in India

VPT, Inc. Commemorates 30th Anniversary

BLACKSBURG, Va., Oct. 25, 2023 /PRNewswire/ — VPT, Inc., a HEICO company (NYSE:HEI.A) (NYSE:HEI), celebrates its 30th Anniversary this year. Throughout the last three decades, VPT has become the global leader in providing high-reliability power supplies for use in space, avionics, and military applications, with an extensive range of award-winning DC-DC converters, EMI filters, and… Continue reading VPT, Inc. Commemorates 30th Anniversary

LSEG to unify Global Finance Operations on Oracle Cloud

Global leader in financial market infrastructure and data services consolidates 17 legacy finance systems on Oracle Fusion Cloud ERP LONDON, Oct. 26, 2023 /PRNewswire/ — LSEG (London Stock Exchange Group), a leading global financial markets infrastructure and data provider, has selected Oracle Cloud to transform its finance operations. With Oracle Fusion Cloud and Oracle Financial Services… Continue reading LSEG to unify Global Finance Operations on Oracle Cloud

Roche collaborates with Ibex and Amazon Web Services to accelerate adoption of AI-enabled digital pathology solutions to help improve cancer diagnoses

Roche’s navify Digital Pathology software platform now offers Ibex’s Artificial Intelligence (AI) algorithms to support clinicians in the diagnosis of breast and prostate cancer. Roche and Ibex cloud-based digital pathology and AI solutions run on Amazon Web Services (AWS), enabling a scalable and sustainable ecosystem for pathology laboratories. This collaboration builds on Roche’s Digital Pathology… Continue reading Roche collaborates with Ibex and Amazon Web Services to accelerate adoption of AI-enabled digital pathology solutions to help improve cancer diagnoses

Roche collaborates with Ibex and Amazon Web Services to accelerate adoption of AI-enabled digital pathology solutions to help improve cancer diagnoses

Roche’s navify Digital Pathology software platform now offers Ibex’s Artificial Intelligence (AI) algorithms to support clinicians in the diagnosis of breast and prostate cancer. Roche and Ibex cloud-based digital pathology and AI solutions run on Amazon Web Services (AWS), enabling a scalable and sustainable ecosystem for pathology laboratories. This collaboration builds on Roche’s Digital Pathology… Continue reading Roche collaborates with Ibex and Amazon Web Services to accelerate adoption of AI-enabled digital pathology solutions to help improve cancer diagnoses