Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund 2022-02-14 GM commits an additional $25 million to equitable climate action through its Climate Equity Fund Additional investment reinforces the urgency of ensuring an equitable and just transition to an all-electric future GM’s Climate Equity Fund has supported 21… Continue reading @GM: Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund
Tag: Mobility
@Groupe PSA: PR New appointments in Faurecia’s Executive Committee003330
Texte Faurecia today announced the following appointments within its Executive Committee: Effective July 1st, 2022, Olivier Durand is appointed Executive Vice-President, Group Chief Financial Officer. He will succeed Michel Favre who is appointed HELLA Chief Executive Officer by the Shareholder Committee of HELLA, as of July 1st, 2022. Olivier Durand will continue to supervise the… Continue reading @Groupe PSA: PR New appointments in Faurecia’s Executive Committee003330
Driverless truck startup TuSimple settles U.S. security probe
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Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends
Outperformance for original equipment sales of more than 5 percentage points per year on average over the 2021-2025 period EBITDA margin of around 14.5% by 2025 Free cash flow generation of between 800 million and one billion euros in 2025 Divestiture of 500 million euros’ worth of non-strategic assets over the term of the plan Optimized… Continue reading Valeo launches its Move Up plan, a value creation strategy built on the sustainable mobility megatrends
Singapore-based micromobility startup Beam secures $93M Series B, enters new markets
Beam, a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB… Continue reading Singapore-based micromobility startup Beam secures $93M Series B, enters new markets
Rivian ‘making progress’ on production ramp-up, sets market share goal
Rivian shares closed up 10.7%. By Ben Klayman DETROIT: Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive R.J. Scaringe said on Thursday. “We’re absolutely making progress,” he said during… Continue reading Rivian ‘making progress’ on production ramp-up, sets market share goal
Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, it generated sales of 45.4 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is… Continue reading Automated driving: acquisition gives boost to Bosch engineering work on SAE Level 4 solutions
Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
Ford’s Chief Executive Officer, Jim Farley, recently spoke during a virtual auto tech conference held by Wolfe Research, in which he spoke about Ford’s plans for the future. During the webcast, the Ford CEO specifically named Tesla and NIO as its biggest competitors, vowing to beat them. He also denied previously reported rumors about Ford’s… Continue reading Ford CEO calls out NIO and Tesla as the competition ‘it must beat,’ denies rumors of splitting ICE and EVs into separate businesses
@VW Group: Volkswagen to start review of Porsche AG IPO004678
Wolfsburg, February 24, 2022 – Volkswagen AG today announced that it will conduct an assessment on the feasibility of a potential initial public offering of Dr. Ing. h.c. F. Porsche AG. The Management Board and the Supervisory Board of Volkswagen concluded a framework agreement reflecting the respective discussions between Volkswagen AG and Porsche Automobil Holding… Continue reading @VW Group: Volkswagen to start review of Porsche AG IPO004678
Envoy Technologies launches first electric car share in Hawaii
HONOLULU, Feb. 24, 2022 /PRNewswire/ — Envoy Technologies announced the launch of its first electric car share in Hawaii in partnership with Kowa American powered by the Envoy Mobility app. The Nissan Leaf will be available to residents at Halekauwila Place Apartments located in Kaka’ako, a vibrant urban island community in Honolulu. Envoy’s Mobility as… Continue reading Envoy Technologies launches first electric car share in Hawaii