General Motors revealed its all-new modular platform and battery system, Ultium, on March 4, 2020 at its Tech Center campus in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner… Continue reading GM to sell stake in battery cell plant to joint venture partner for roughly $1 billion
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Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s… Continue reading Strikes underway at Volkswagen plants across Germany as wage conflict escalates
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
watch now DETROIT — Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure is effective immediately. Jeep-maker Stellantis said that its process to appoint… Continue reading Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
American Homes 4 Rent Announces Pricing of Public Offering of $500 Million of 5.250% Senior Notes due 2035
LAS VEGAS, Dec. 2, 2024 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) (the “Company”) today announced that its operating partnership, American Homes 4 Rent, L.P. (the “Operating Partnership”), has priced an offering of $500 million aggregate principal amount of 5.250% Senior Notes due 2035 (the “Notes”). The Notes will be issued at 99.484% of par… Continue reading American Homes 4 Rent Announces Pricing of Public Offering of $500 Million of 5.250% Senior Notes due 2035
Renowned Architect Kazuyo Sejima Appointed to United States-Japan Foundation Board
WASHINGTON, Dec. 2, 2024 /PRNewswire/ — Internationally celebrated Japanese architect Kazuyo Sejima has been named a Trustee at the United States-Japan Foundation (USJF), further strengthening her influential role in promoting cross-cultural exchange and collaboration. She has been a leader both in promoting the role of women in architecture, and in redefining the use of public… Continue reading Renowned Architect Kazuyo Sejima Appointed to United States-Japan Foundation Board
IAS to Participate at Upcoming Investor Conferences
NEW YORK, Dec. 2, 2024 /PRNewswire/ — Integral Ad Science (Nasdaq: IAS), a leading global media measurement and optimization platform, today announced that Lisa Utzschneider, CEO, and Tania Secor, CFO, will participate in fireside chats at the following investor conferences: Raymond James TMT & Consumer ConferenceMonday, December 9, 2024, at 2:20 p.m. ET Nasdaq 51st… Continue reading IAS to Participate at Upcoming Investor Conferences
U.S. Postal Service Releases 2024 Post-Election Analysis Report Detailing the Successful Efforts Taken to Deliver the Nation’s Election Mail Securely and Effectively
More than 99 Million Ballots Processed During 2024 General Election On Average, Ballots Were Delivered from Voters to Election Officials Within One Day WASHINGTON, Dec. 2, 2024 /PRNewswire/ — Today, the United States Postal Service released its 2024 Post-Election Analysis Report, outlining the agency’s steps to process more than 99.22 million ballots in the 2024… Continue reading U.S. Postal Service Releases 2024 Post-Election Analysis Report Detailing the Successful Efforts Taken to Deliver the Nation’s Election Mail Securely and Effectively
German FAZ: Production suspended at Opel in Rüsselsheim008290
Mohamed doesn’t seem to be really sad about the resignation of Stellantis boss Carlos Tavares. Maybe things would go better with a different manager at the helm of the Opel parent company, says the young man who comes to work on Monday afternoon from the Rüsselsheim Opelwerk S-Bahn station. The fact that production in Rüsselsheim… Continue reading German FAZ: Production suspended at Opel in Rüsselsheim008290
German FAZ: There is no way around cuts in the VW Group008288
The crisis is worsening in the automotive industry. Many factories are underutilized and hundreds of thousands of employees fear for their jobs. The American manufacturer Ford has just announced that it will cut 4,000 jobs in Europe, many of them at the factory in Cologne. The mass manufacturer Stellantis is also under pressure. Opel, one… Continue reading German FAZ: There is no way around cuts in the VW Group008288
German FAZ: There is no way around cuts in the VW Group008288
The crisis is worsening in the automotive industry. Many factories are underutilized and hundreds of thousands of employees fear for their jobs. The American manufacturer Ford has just announced that it will cut 4,000 jobs in Europe, many of them at the factory in Cologne. The mass manufacturer Stellantis is also under pressure. Opel, one… Continue reading German FAZ: There is no way around cuts in the VW Group008288