Rivian Automotive, an electric vehicle company that had an initial public offering last month, said on Thursday that it planned to spend $5 billion to build its second factory, in Georgia. The announcement, which came on the same day that Rivian said it lost $1.2 billion in the three months ending in September, was the… Continue reading Rivian, an E.V. maker with big ambitions but few sales, will build a new factory in Georgia.
Tag: Mitsubishi
World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676
The Canoo minibus won’t be built in Born. Photo: Canoo handout American electric car maker Canoo has pulled out of plans to build vehicles at the VDL Nedcar plant in Born, Limburg. Canoo chief executive Tony Aquila said in a statement on Wednesday that the company would rather invest in ‘creating American jobs and innovation’.… Continue reading World NM: Electric car firm Canoo drops plans to manufacture vehicles in Born001676
Canoo & VDL Groep Explore Partnership that will Exclude VDL Nedcar
JUSTIN, Texas and EINDHOVEN, Netherlands, Dec. 15, 2021 /PRNewswire/ — Canoo Inc. (NASDAQ GOEV) and VDL Groep B.V. today announced that the two companies are exploring opportunities to partner together. “We appreciate the months of effort VDL Nedcar invested to provide us with a contract manufacturing option, but we have concluded that building in America is… Continue reading Canoo & VDL Groep Explore Partnership that will Exclude VDL Nedcar
Rivian to announce $5 billion electric truck plant in Georgia
Atlanta — Electric vehicle maker Rivian Automotive will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers, sources briefed on the decision told the Associated Press. Rivian, based in Irvine, California, is a startup manufacturer of electric trucks and commercial delivery vans, challenging… Continue reading Rivian to announce $5 billion electric truck plant in Georgia
Toyota Material Handling Announces CEO Retirement and Succession Plan
“On behalf of the entire Toyota family, we would like to thank Jeff for his leadership and impact during his 10 years with the company,” said Brett Wood, President and CEO of Toyota Material Handling North America and Senior Executive Officer of Toyota Industries Corporation (TICO). “Jeff led TMH through some of the largest, most transformational challenges… Continue reading Toyota Material Handling Announces CEO Retirement and Succession Plan
Bangladesh, Sri Lanka, Nepal and Bhutan Automotive Industry Outlook to 2025-Increase in Consumer Spending Albeit Import Restrictions in the Economy will drive Growth of Automotive Sector: Ken Research
GURUGRAM, India, Dec. 14, 2021 /PRNewswire/ — Nepal News Key Findings Bagmati and Lumbini are the leading regions in Nepal representing lion’s share of sales in Automotive Industry. In 2019, the country was hit with a nationwide lockdown due to COVID and this was implemented in the peak sales season. Trends driving the Automotive Industry… Continue reading Bangladesh, Sri Lanka, Nepal and Bhutan Automotive Industry Outlook to 2025-Increase in Consumer Spending Albeit Import Restrictions in the Economy will drive Growth of Automotive Sector: Ken Research
Intelligent Asia 2021 Online Expo runs from December 15th to December 21st
3D Printing Show gathers leading firms/brands as MIICRAFT, RATC Corp., Solidwizard Technology, Infinity 3D Printer, 3DMART, Formlabs, XYZ PRINTING, SPIDERMAKER, Fullwell, delivering the indispensable high-tech additive manufacturing machines and materials. Exhibitors like Easton Precision, Moldex3D, Taiwan NAKAZAWA, Wu Ji, AccuteX, Hitachi Metals, Linco Precision, and China Fineblanking demonstrate the concept of T-Zero Production and other… Continue reading Intelligent Asia 2021 Online Expo runs from December 15th to December 21st
MUFG Trust & Banking chief sees return of foreign firms to Tokyo market
Japan is ripe for a revival in stock listings by foreign firms, the trust banking arm of Mitsubishi UFJ Financial Group Inc said on Tuesday, with more than a dozen in the pipeline for Tokyo’s start-up market. Japan’s huge household wealth and the relatively high stock valuations on the Tokyo bourse’s Mothers market for start-ups… Continue reading MUFG Trust & Banking chief sees return of foreign firms to Tokyo market
Daimler Truck launched on stock exchange as an independent company
STUTTGART, Germany and FRANKFURT, Germany, Dec. 10, 2021 /PRNewswire/ — Today’s first day of trading on the Frankfurt Stock Exchange marks the start of a new era for Daimler Truck. Following the spin-off from Daimler AG, today’s first day of listing symbolizes Daimler Truck’s embarkment into unrestricted entrepreneurial independence. This is probably the most important milestone… Continue reading Daimler Truck launched on stock exchange as an independent company
Goodyear Collaborates With Monolith On Carbon Black; Initial Testing Demonstrates Reduced Emissions
AKRON, Ohio, Dec. 9, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company today announced that it has signed a collaboration agreement and letter of intent with Monolith for the development and potential use of carbon black produced from methane and/or biomethane for tires. Goodyear is a leader in the industry in embracing this form of… Continue reading Goodyear Collaborates With Monolith On Carbon Black; Initial Testing Demonstrates Reduced Emissions