Tag: Contract Manufacturer

Mate Rimac Presents Rimac Automobili Episode 1: Video

Croatia’s Rimac Automobili is a great example of the huge potential of countries that previously were not associated with the automotive industry Following the recent presentation of the Rimac Automobili by Shmee150, Mate Rimac started a new series of 4 episodes, in which he thoroughly takes us through Rimac facilities. The EV startup from Croatia… Continue reading Mate Rimac Presents Rimac Automobili Episode 1: Video

GM to convert Oshawa factory into ‘aftermarket plant’ and AV test track – Automotive News Canada

TORONTO — General Motors will turn its Oshawa, Ont., factory into an “aftermarket plant,” producing parts, but most of the 2,600 hourly workers will still lose their jobs after vehicle production ends by the end of the year. The company plans to invest $170 million to support the transition of operations at Oshawa. GM also… Continue reading GM to convert Oshawa factory into ‘aftermarket plant’ and AV test track – Automotive News Canada

Israel’s Innoviz raising $100 million in private funding: report – Reuters

TEL AVIV (Reuters) – Innoviz Technologies, an Israeli maker of laser-based lidar sensors for self-driving cars, is raising $100 million in private investment at a company valuation of $500 million, the Calcalist financial news website said on Tuesday. Among the lead investors in this round is a large Chinese investment firm, the website said. When… Continue reading Israel’s Innoviz raising $100 million in private funding: report – Reuters

Change in Valmet Oyj’s holding of treasury shares

Change in Valmet Oyj’s holding of treasury shares Valmet Oyj’s stock exchange release on May 24, 2019 at 5:45 p.m. EET On May 24, 2019 a total of 1,208 Valmet shares have been returned free of consideration to Valmet Oyj according to the terms and conditions of the long-term incentive plan 2015-2017. Originally, the shares were… Continue reading Change in Valmet Oyj’s holding of treasury shares

Valmet delivers a new recovery boiler to ITC in India

Valmet delivers a new recovery boiler to ITC in India Valmet Oyj’s press release on May 22, 2019 at 11:00 a.m. EET Valmet will deliver a new recovery boiler and ash leaching plant to ITC’s Bhadrachalam pulp mill in India. The new boiler will replace three existing boilers. The start-up of the new recovery boiler… Continue reading Valmet delivers a new recovery boiler to ITC in India

Quadric.io raises $15M to build a plug-and-play supercomputer for autonomous systems

Quadric.io, a startup founded by some of the folks behind the once-secretive bitcoin mining operation “21E6,” has raised $15 million in a Series A round that will fund the development of a supercomputer designed for autonomous systems.   The round was led by automotive Tier 1 supplier DENSO and its semiconductor products arm NSITEXE, which will also… Continue reading Quadric.io raises $15M to build a plug-and-play supercomputer for autonomous systems

Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”

“A further mockery for Turin and Piedmont – continues Chiarle – that would not be able to retain the only car series manufacturer in the territory, in addition to FCA. For years, the FIM has asked that the institutions and the policy take charge of a project in support of the electrical supply chain which… Continue reading Electric car, the alarm of the unions: “At risk the only existing chain in the Turin area and 46 jobs”

Magna Announces First Quarter Results

Sales of $10.6 billion decreased 2%, compared to global light vehicle production down 7%Excluding foreign currency translation and acquisitions net of divestitures, sales in each segment outpaced global light vehicle productionReturned $403 million to shareholders through dividends of $119 million and $284 million in share repurchases2019 outlook reduced largely to reflect higher expected costs on… Continue reading Magna Announces First Quarter Results