$100 million Investment in Joint Venture Asset Purchase Agreement closing results in approximately $260 million in proceeds to LMC, in addition to prior $50 million common stock purchase Contract manufacturing of the Endurance by Foxconn at Lordstown facility with no interruption in operations Creation of $100 million joint venture, MIH EV Design LLC, to develop… Continue reading @niche: News Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Ba…001879
Tag: Mobility
LG Introduces its Innovative Smart Mobility and 6G Tech at IEEE ICC
May 17, 2022 LG Introduces its Innovative Smart Mobility and 6G Tech at IEEE ICC Open share list Share this content. Company Showcases Breadth of Technological Capabilities atGlobal Communications Conference in Seoul SEOUL, May 17, 2022 — LG Electronics (LG) is showcasing a diverse range of innovative, new mobility technologies, including connected vehicle solutions leveraging… Continue reading LG Introduces its Innovative Smart Mobility and 6G Tech at IEEE ICC
Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen. Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be… Continue reading Following Volvo and Ford, Renault aims to spin off its EV business into a separate company
@VW Group: Audi is designing a hybrid working world005059
Audi is expanding its hybrid work model. After the pandemic, the working world will be a mix of remote and on-site work. Together with the Works Council, the in-house Better Normal project is developing fields of activity for every division of the company. Concrete solutions are also being developed for areas where remote work is… Continue reading @VW Group: Audi is designing a hybrid working world005059
RENAULT GROUP: Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ
PRESS RELEASE May 16, 2022 Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ Boulogne-Billancourt, May 16th, 2022 – The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest… Continue reading RENAULT GROUP: Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ
Everything Uber announced at its global product event
Uber revealed a host of new platforms and features during its global product event, Go Get 2022, on Monday. The new products span Uber’s ride-hail and delivery services, and aim to increase ridership, open new lines of business, incentivize drivers to go electric and more. The new features were highlighted during the event in a… Continue reading Everything Uber announced at its global product event
@Renault: RENAULT GROUP: Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ000387
PRESS RELEASEMay 16, 2022 Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ Boulogne-Billancourt, May 16th, 2022 – The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest in… Continue reading @Renault: RENAULT GROUP: Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ000387
German manager magazine: Tesla, Volkswagen, Scout, Cazoo: manage:mobility from manager magazin001778
How big is Tesla’s dominance in the auto industry really? Sure, the investors see the future in their euphoria in Elon Musk (50) and his company. It is not for nothing that Tesla is worth more than 780 billion euros on the stock exchange. But is that justified? And what does that mean for the… Continue reading German manager magazine: Tesla, Volkswagen, Scout, Cazoo: manage:mobility from manager magazin001778
German Manager Magazin: Tesla challenges Apple: Ralf Kalmbach and Steffen Gänzle from Bain still think Elon Musk is beatable001778
manager magazine: Tesla-Boss Elon Musk want that Apple in the car world: build your own ecosystem using your own software and chips, your own charging network and energy supply. That sounds great. But recently the share price has fallen. Musk’s Twitter takeover confuses many; the Autopilot error susceptibility worried authorities and investors. Is Elon Musk… Continue reading German Manager Magazin: Tesla challenges Apple: Ralf Kalmbach and Steffen Gänzle from Bain still think Elon Musk is beatable001778
Tenneco Supplying Intelligent Suspensions for New Mercedes-AMG SL-Class Roadsters
2022 Mercedes-AMG SL roadsters to offer Tenneco’s CVSA2 semi-active suspension or integrated CVSA2/Kinetic® suspension. Tweet this Developed for supercars and ultimate-performance SUVs, CVSA2 technology provides a superior ride experience in virtually all operating environments. The system, which will be standard equipment on SL 43 and 55 models, comprises lightweight semi-active dampers equipped with two externally mounted electro-hydraulic… Continue reading Tenneco Supplying Intelligent Suspensions for New Mercedes-AMG SL-Class Roadsters