Reports Preliminary Financial Results for Fiscal Third Quarter 2022 Transaction will successfully complete separation of Global Products and Retail Services businesses transforming Valvoline into a pure-play automotive service provider with targeted 20%+ earnings per share (EPS) growth Valvoline to capitalize on highly compelling growth opportunities, while accelerating Retail Services evolution as hybrid and electric vehicle… Continue reading Valvoline Announces Agreement for Sale of Global Products Business for $2.65 Billion in Cash
Tag: Mobility
SNCF AND DWS BEGIN EXCLUSIVE NEGOTIATIONS WITH CDPQ ON THE PROPOSED SALE OF AKIEM
PARIS, FRANKFORT and MONTRÉAL, Aug. 1, 2022 /PRNewswire/ – Following a competitive auction process, Akiem shareholders have agreed to enter into exclusive negotiations with CDPQ on the proposed sale of Akiem, a leading provider of freight locomotive leasing services in France and Europe. With revenues of nearly EUR 220 million, EBITDA of around EUR 150 million in 2021,… Continue reading SNCF AND DWS BEGIN EXCLUSIVE NEGOTIATIONS WITH CDPQ ON THE PROPOSED SALE OF AKIEM
Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering
NEW YORK, Aug. 1, 2022 /PRNewswire/ — Swvl Inc. (“Swvl” or the “Company”) (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its entry into a strategic partnership with City Group Co. KSCP (“City Group”), a leading transport operator and warehousing services provider, through which City Group will utilize Swvl’s Software… Continue reading Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering
Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions
The global automotive sector will inflate the demand for sustainability targets to minimize CO2 emissions in the next 3–5 years, says Frost & Sullivan SAN ANTONIO, Aug. 1, 2022 /PRNewswire/ — For every kilogram reduced from a vehicle’s weight, plastics reduce a car’s carbon dioxide (CO2) emissions by approximately 20 kg during its operating life… Continue reading Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions
Ola Electric suspends manufacturing
Ola Electric has denied reports doing the rounds that it has temporarily paused its manufacturing at its sprawling 500 acres, 10 million-unit facility Krishnagiri near Bengaluru and plans to rationalise staff due to a pile-up of inventory of about 4,000 scooters. An Ola Company spokesperson said the staff trimming is “routine” and that like other automakers,… Continue reading Ola Electric suspends manufacturing
@niche: 7 Electric Vehicle Stocks to Sell Now002056
Electric vehicle stocks have become very popular among investors, as they seem to be the future of mobility. All major automotive manufacturers either already have EVs in their line of models or invested in new electric vehicles. The European Union has decided that as of 2035 to ban all sales of new cars with combustion… Continue reading @niche: 7 Electric Vehicle Stocks to Sell Now002056
German Handelsblatt: Electromobility: Cadillac Lyriq – GM wants to challenge the Mercedes EQS with this Stromer004913
Cadillac Lyriq Even visually, the first electric Cadillac is a striking phenomenon. (Photo: press photo) You have to come to that first. Cadillac is naming its first electric car Lyriq because the American luxury brand has been mentioned in more than 1,000 songs over the past few decades. Well then. The Lyriq should also be… Continue reading German Handelsblatt: Electromobility: Cadillac Lyriq – GM wants to challenge the Mercedes EQS with this Stromer004913
Vehicle manufacturers step up production on improved semiconductor supplies
Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune. A slowdown in consumer electronics including smartphone sales is turning out to be a blessing in disguise for more than half a million Indians waiting for delivery of their cars. A surge in demand… Continue reading Vehicle manufacturers step up production on improved semiconductor supplies
[Mobility Inside] Setting Industry Standards With AUTOSAR
August 1, 2022 [Mobility Inside] Setting Industry Standards With AUTOSAR Open share list Share this content. In this episode of Mobility Inside, we’re going to put automobile software under the microscope, breaking down the systems that power our cars so that you don’t need an engineering degree to understand. When it comes to learning about… Continue reading [Mobility Inside] Setting Industry Standards With AUTOSAR
Boeing to Open Japan Research Center and Expand Sustainability Partnerships
TOKYO, Aug. 1, 2022 /PRNewswire/ — Boeing [NYSE:BA] will strengthen its partnership with Japan by opening a new Boeing Research and Technology (BR&T) center. The facility will focus on sustainability and support a newly expanded cooperation agreement with Japan’s Ministry of Economy, Trade and Industry (METI). Boeing and METI have agreed to broaden their 2019… Continue reading Boeing to Open Japan Research Center and Expand Sustainability Partnerships