On Monday, Oct 12th, Valmet Automotive has reached an agreement to sell its Engineering Services Business Line to Mutares SE & Co. KGaA. The transaction is still subject to authority approvals and it is expected to close in November. The divestment decision has been motivated by Valmet Automotive’s strategy to sharpen its focus to e-Mobility and… Continue reading Valmet Automotive sharpening its focus to e-Mobility
Tag: Contract Manufacturer
Faraday Future plans to go public through a SPAC deal
Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Carsten Breitfeld told Reuters that the company is working on a reverse merger with a SPAC and “will be able to announce something hopefully quite soon.”… Continue reading Faraday Future plans to go public through a SPAC deal
EV startup Faraday Future in talks to go public through SPAC merger
By Ben Klayman 3 Min Read DETROIT (Reuters) – Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said on Monday. Slideshow ( 2 images ) “We are working on such a deal … and will be… Continue reading EV startup Faraday Future in talks to go public through SPAC merger
Vietnam’s Vinfast launches 420hp Pininfarina-designed President SUV
VinFast, the first Vietnamese global car brand, has officially launched VinFast President, the limited edition SUV model. Designed by Pininfarina, only 500 units of the VinFast President are to be made, and exclusively for the Vietnamese market. The SUV is priced at 3.8 billion VND (~ 164K US$ / Rs 1.21 crore) for the first… Continue reading Vietnam’s Vinfast launches 420hp Pininfarina-designed President SUV
Valmet Automotive published the first Sustainability Report
Valmet Automotive has today (September 22, 2020) published the Group’s first sustainability report. As the company aims at a vanguard status of sustainable development in the automotive industry, the report presents comprehensively the main themes of sustainable development, strategic priorities and goals, as well as the highlights of 2019. The report will be published annually.… Continue reading Valmet Automotive published the first Sustainability Report
Ouster Lidar Raises $42M in Series B Funding
Ouster, a San Francisco, CA-based provider of high-resolution digital lidar sensors for autonomous transportation, robotics, industrial automation, and smart infrastructure, raised $42m in Series B funding. The backers were not disclosed. The company intends to use the funds for product development and fuel of worldwide sales. Led by Angus Pacala, CEO, and Mark Frichtl, CTO,… Continue reading Ouster Lidar Raises $42M in Series B Funding
Lidar startup Ouster raises $42M in push to grow sales, diversify products
Lidar startup Ouster has spent the past several years expanding and improving its line of sensors as it jostles for a piece of the crowded and competitive market place. Now, Ouster says it has raised $42 million, fresh capital that will be used to fund product development and ramp up sales. In short: Ouster is… Continue reading Lidar startup Ouster raises $42M in push to grow sales, diversify products
Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Magna to acquire majority ownershipIncreases footprint with Honglizhixin from two to 12 manufacturing plantsDemonstrates commitment to grow in the China marketSHANGHAI, Sept. 03, 2020 (GLOBE NEWSWIRE) — Magna has signed an agreement to acquire majority ownership of Honglizhixin (HLZX), a major seat supplier to Chinese automakers. The acquisition will expand Magna’s seating capabilities across China.… Continue reading Magna Deepens Partnership With Honglizhixin to Bolster Seating Capabilities in China
Pininfarina’s Fittipaldi EF7 Vision Gran Turismo revealed at Geneva Motor Show – Wired.co.uk
In order to see this embed, you must give consent to Social Media cookies. Open my cookie preferences. [embedded content] F1 racing legend and Indy 500 champion Emerson Fittipaldi has joined forces with Italian design company Pininfarina and German engineering firm HWA AG to produce this stunning hypercar, the Fittipaldi EF7 Vision Gran Turismo. The… Continue reading Pininfarina’s Fittipaldi EF7 Vision Gran Turismo revealed at Geneva Motor Show – Wired.co.uk
Valmet’s financial reporting in 2021
Valmet Oyj’s stock exchange release on September 2, 2020 at 9:30 a.m. EETValmet will publish its Financial Statements Review, Half Year Financial Review and two Interim Reviews in 2021 as follows:February 4, 2021 – Financial Statements Review for 2020April 22, 2021 – Interim Review for January–March 2021July 22, 2021 – Half Year Financial Review for… Continue reading Valmet’s financial reporting in 2021