Tag: Mobility

TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses

SAN DIEGO, March 21, 2022 /PRNewswire/ — TuSimple (Nasdaq: TSP), a global autonomous driving technology company, announced today that its Board of Directors, with full support from its management team, intends to explore certain transactions at a subsidiary level for its Asia-Pacific-focused businesses. The Board believes that such a transaction can highlight value in the… Continue reading TuSimple Statement Regarding Exploratory Process for Asia-Pacific Businesses

Tenneco Named a 2021 Supplier of the Year by General Motors

LAKE FOREST, Ill., March 21, 2022 /PRNewswire/ — For the fifth consecutive year, Tenneco (NYSE: TEN) was recognized as a Supplier of the Year by General Motors.  As the global automaker celebrated honorees last week at its 30th annual Supplier of the Year awards ceremony in Phoenix, Arizona, Tenneco’s Powertrain Business Group accepted the award… Continue reading Tenneco Named a 2021 Supplier of the Year by General Motors

@Daimler: Engineering desire: How Mercedes-Benz is shaping the future of luxury and efficiency

Insights into key innovations that will define software-driven cars Stuttgart/Los Angeles. Digital and sustainable innovations will be the number-one USP driving desire in the future of luxurious individual mobility. Customers are increasingly viewing luxury through the lens of values and benefits that extend beyond physical experiences. They are seeking priceless commodities such as time and… Continue reading @Daimler: Engineering desire: How Mercedes-Benz is shaping the future of luxury and efficiency

China’s NIO Capital closes oversubscribed USD Fund II at $400m …

NIO Capital, an investment firm founded by Chinese electric vehicle (EV) maker NIO, announced on Monday that it reached the final closing of a flagship fund at about $400 million to step up investments in energy, automobiles, and deep technology industries. The new fund, named “Eve ONE Fund II,” received capital commitments from a diversified… Continue reading China’s NIO Capital closes oversubscribed USD Fund II at $400m …

@Daimler: Mercedes-Benz EV ramp-up: new battery plant sets stage for EQS SUV production in the U.S.

New battery production plant in Bibb County as Mercedes-Benz prepares to go all electric Up to 600 jobs created at the Mercedes-Benz battery plant New partnership with battery specialist Envision AESC to establish cell factory in the U.S. Reveal of new luxury EQS SUV interior, preparations for production ramp-up in Tuscaloosa underway Highly flexible and… Continue reading @Daimler: Mercedes-Benz EV ramp-up: new battery plant sets stage for EQS SUV production in the U.S.

The Station: GM deepens it stake in Cruise and Porsche plots out its EV course

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The… Continue reading The Station: GM deepens it stake in Cruise and Porsche plots out its EV course

@GM: GM Announces Additional Investment in Cruise March 18, 2022

DETROIT — Today, General Motors Co. (NYSE: GM) announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. Since GM acquired a majority ownership stake in 2016, Cruise… Continue reading @GM: GM Announces Additional Investment in Cruise March 18, 2022

@GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards

GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards 2022-03-17 DETROIT – General Motors celebrated its top global suppliers this week at its 30th annual Supplier of the Year awards ceremony held in Phoenix, Arizona. Recipients of the Supplier of the Year recognition included 134 suppliers representing 16 countries. Additionally, 31… Continue reading @GM: GM Honors Top Global Suppliers with 30th Annual Supplier of the Year Awards

GM is buying out Softbank’s stake in autonomous vehicle unit Cruise

General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring Softbank Vision Fund 1’s equity ownership in Cruise for $2.1 billion. GM is also making an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. The announcement… Continue reading GM is buying out Softbank’s stake in autonomous vehicle unit Cruise