A recent 8-K filing submitted by Fisker Inc. is painting a grim picture for the EV automaker’s future. The filing states that Fisker failed to pay back a loan totaling close to $3.5 million last month, lowering a potential curtain on the second iteration of the company that is staring down the barrel of potential… Continue reading Fisker Inc. bankruptcy looms as latest SEC filing shows it has defaulted on a $3.5 million loan
Tag: Contract Manufacturer
NEOM reveals Magna, its new coastal region
NEOM, Saudi Arabia, June 5, 2024 /PRNewswire/ — The Board of Directors of NEOM has today revealed the development of Magna, its luxury lifestyle coastal destination. Part of NEOM’s regional sustainable tourism portfolio, Magna is situated on the stunning Gulf of Aqaba coastline and comprises the recently announced premier destinations of Leyja, Epicon, Siranna, Utamo, Norlana,… Continue reading NEOM reveals Magna, its new coastal region
Serve Robotics Announces Nomination of David Goldberg to its Board of Directors
Experienced Finance Executive to Stand for Election at 2024 Annual Meeting SAN FRANCISCO, June 5, 2024 /PRNewswire/ — Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the nomination of David Goldberg to stand for election to its Board of Directors (the “Board”) at Serve’s 2024 Annual Meeting of Stockholders. Mr.… Continue reading Serve Robotics Announces Nomination of David Goldberg to its Board of Directors
Thomas Hinnerskov to start as Valmet’s President and CEO on August 12, 2024
Valmet Oyj’s stock exchange release on June 5, 2024 at 11:00 a.m. EEST ESPOO, Finland, June 5, 2024 /PRNewswire/ — Valmet published on February 19, 2024, that Valmet’s Board of Directors has appointed Thomas Hinnerskov President and CEO of Valmet. Thomas Hinnerskov’s start date was agreed today and he will assume the role of Valmet’s President and… Continue reading Thomas Hinnerskov to start as Valmet’s President and CEO on August 12, 2024
Automotive Carbon Monocoque Chassis Market size is set to grow by USD 215.4 million from 2024-2028, Advanced robotics manufacturing spurring mass production of monocoque chassis to boost the market growth, Technavio
NEW YORK, June 4, 2024 /PRNewswire/ — The global automotive carbon monocoque chassis market size is estimated to grow by USD 215.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.55% during the forecast period. For comprehensive forecast and historic data on regions, market segments, customer landscape, and companies-… Continue reading Automotive Carbon Monocoque Chassis Market size is set to grow by USD 215.4 million from 2024-2028, Advanced robotics manufacturing spurring mass production of monocoque chassis to boost the market growth, Technavio
HT Materials Science’s Heat Transfer Fluid, Maxwell™, Deployed Successfully at Second International Industrial Plant
Pioneering nanofluid technology increased segments of plant’s cooling system capacity by ~20% DUBLIN, June 3, 2024 /PRNewswire/ — HT Materials Science (HTMS) announced the successful deployment of Maxwell, a ground-breaking heat transfer fluid for commercial and industrial cooling and heating systems, at an industrial plant. The plant, located in Ludwigshafen, Germany, is owned and operated… Continue reading HT Materials Science’s Heat Transfer Fluid, Maxwell™, Deployed Successfully at Second International Industrial Plant
Magna International Inc.’s (TSE:MG) Intrinsic Value Is Potentially 91% Above Its Share Price
Key Insights Magna International’s estimated fair value is CA$115 based on 2 Stage Free Cash Flow to Equity Current share price of CA$60.58 suggests Magna International is potentially 48% undervalued The US$80.48 analyst price target for MG is 30% less than our estimate of fair value Today we will run through one way of estimating… Continue reading Magna International Inc.’s (TSE:MG) Intrinsic Value Is Potentially 91% Above Its Share Price
Valmet enters joint venture with Körber to advance the digital offering to the tissue industry
Valmet Oyj press release, May 30, 2024, at 10:15 a.m. EEST ESPOO, Finland, May 30, 2024 /PRNewswire/ — Valmet and Körber have on May 29, 2024, reached a joint venture agreement to further strengthen FactoryPal, a venture of Körber. FactoryPal is a software developed for tissue converting operations that improves shopfloor manufacturing performance and productivity.… Continue reading Valmet enters joint venture with Körber to advance the digital offering to the tissue industry
Eaton Opens New Manufacturing Base in Finland To Meet Growing Demand for Its EnergyAware Uninterruptible Power Supply (UPS) Systems
HELSINKI, FINLAND / ACCESSWIRE / May 28, 2024 / Eaton, the intelligent power management company, has opened a new state-of-the-art campus in Helsinki to boost its capacity to manufacture and supply Uninterruptible Power Supply (UPS) systems, including its latest product, the Eaton 9395X. Eaton is one of the world’s largest manufacturers of three-phase UPS systems… Continue reading Eaton Opens New Manufacturing Base in Finland To Meet Growing Demand for Its EnergyAware Uninterruptible Power Supply (UPS) Systems
Valmet signs multiple agreements with Papierfabrik Palm in Germany
ESPOO, Finland, May 29, 2024 /PRNewswire/ — Valmet and Papierfabrik Palm GmbH & Co KG have signed a three-year Service Agreement and a one-year Performance Agreement to further improve the performance of Palm’s production lines Aalen PM5 and Wörth PM6. The agreements were included in Valmet’s orders received of the first quarter 2024 and are effective… Continue reading Valmet signs multiple agreements with Papierfabrik Palm in Germany