Tag: Contract Manufacturer

Canoo’s CEO is buying the bankrupt EV startup’s assets

The CEO of Canoo is buying nearly all of the defunct EV startup’s assets out of bankruptcy, according to a court filing. A new entity controlled by the CEO, Anthony Aquila, has offered to purchase “substantially all” of the assets for $4 million in cash. The sale will also wipe clean a more-than-$11 million debt… Continue reading Canoo’s CEO is buying the bankrupt EV startup’s assets

‘Automotive design more provocative than evocative today’: Maurizio Corbi

With edgy lines and sharp styling cues getting harmonised in modern vehicles, Italian car designer Maurizio Corbi believes automotive design is darting towards becoming more provocative than evocative in today’s digital age where social media trends are significantly influencing car designs. Moreover, just like social-media trends, most of these car designs tend to become short… Continue reading ‘Automotive design more provocative than evocative today’: Maurizio Corbi

‘Automotive design more provocative than evocative today’: Maurizio Corbi

With edgy lines and sharp styling cues getting harmonised in modern vehicles, Italian car designer Maurizio Corbi believes automotive design is darting towards becoming more provocative than evocative in today’s digital age where social media trends are significantly influencing car designs. Moreover, just like social-media trends, most of these car designs tend to become short… Continue reading ‘Automotive design more provocative than evocative today’: Maurizio Corbi

Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Major North American suppliers are reducing engineering and R&D spending and cutting thousands of jobs to support profit margins as they anticipate weak new-vehicle sales growth and electric vehicle sales uncertainty. Lear Corp., for example, cut about 15,000 jobs worldwide in 2024, a figure it expects to match in 2025. “The actions we are taking… Continue reading Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

Major North American suppliers are reducing engineering and R&D spending and cutting thousands of jobs to support profit margins as they anticipate weak new-vehicle sales growth and electric vehicle sales uncertainty. Lear Corp., for example, cut about 15,000 jobs worldwide in 2024, a figure it expects to match in 2025. “The actions we are taking… Continue reading Suppliers slash spending, jobs, EV plans as they brace for middling new-vehicle sales

MAGNA-TILES® Continues Industry-Leading Innovation with Reveal of New Rail Racers at Toy Fair New York

First Fan-Made Invention Reimagines Ball Runs and Takes Magnetic Building to the Next Level NEW YORK, March 1, 2025 /PRNewswire/ — MAGNA-TILES®, America’s #1 Magnetic Building Sets Brand¹, is racing into American International Toy Fair with the global reveal of their first fan-made innovation, Rail Racers. Co-developed with Michael Bergmann, dad of 3 and a… Continue reading MAGNA-TILES® Continues Industry-Leading Innovation with Reveal of New Rail Racers at Toy Fair New York

Valmet has published the Annual Report, the Corporate Governance Statement, the Remuneration Report and the Green Finance Report for 2024

Valmet Oyj’s stock exchange release on February 27, 2025 at 11:00 a.m. EET ESPOO, Finland, Feb. 27, 2025 /PRNewswire/ — Valmet has today, on February 27, 2025, published its Annual Report for 2024 on the company’s website at www.valmet.com/annualreport2024. The Annual Report consists of two separate parts: the Annual Review, and the Financial Statements and Report of… Continue reading Valmet has published the Annual Report, the Corporate Governance Statement, the Remuneration Report and the Green Finance Report for 2024