Financial Highlights Restructured the company’s operations with the aim to better align capital spending with overall industry readiness and incurred charges of $10.4 million. Reported Loss from Operations of $178.0 million and AEBITDA loss of $134.4 million for the six months ended June 30, 2023. Held $835.7 million of cash, equivalents, and investments as of… Continue reading TuSimple Announces First Half 2023 Results
Tag: Financial Results
German Manager Magazine: Volkswagen: IT disruption in Wolfsburg paralyzes VW, Audi and components also affected002761
An IT malfunction affected the central infrastructure of the company on Wednesday Volkswagen-Group paralyzed. Since midday at 12:30 p.m. there have been network component failures with significant consequences for production. The cause is currently unknown. A crisis team is working hard to find a solution to the problem. The disruption probably had an impact on… Continue reading German Manager Magazine: Volkswagen: IT disruption in Wolfsburg paralyzes VW, Audi and components also affected002761
Infosys Launches Industry Cloud to Catalyse Digital Transformation of the Commercial Airline Industry
A first-of-its-kind industry offering, Infosys Cobalt Airline Cloud to revolutionize passenger experiences, drive operational efficiency, and contribute to the airline’s sustainability initiatives BENGALURU, India, Sept. 27, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of Infosys Cobalt Airline Cloud (ICAC) a… Continue reading Infosys Launches Industry Cloud to Catalyse Digital Transformation of the Commercial Airline Industry
Dover Operating Companies to Feature Several New Technologies at Leading Convenience Store and Retail Fueling Trade Show
DOWNERS GROVE, Ill., Sept. 27, 2023 /PRNewswire/ — Dover (NYSE: DOV) today announced that the Company will feature multiple brands at the National Association of Convenience Stores Trade Show (“NACS Show”) and Petroleum Equipment Institute Convention (“PEI Convention”) – the leading industry event of the year and the largest of its kind in the U.S. – in… Continue reading Dover Operating Companies to Feature Several New Technologies at Leading Convenience Store and Retail Fueling Trade Show
Leidos to Introduce Cutting-Edge Hold Baggage Screening Systems at Sofia Airport
RESTON, Va., Sept. 27, 2023 /PRNewswire/ — Leidos (NYSE:LDOS), a FORTUNE® 500 science and technology leader, today announced a collaboration with Sofia Airport in Bulgaria to implement cutting-edge upgrades to its hold baggage screening systems. This innovative initiative is designed to comply with the latest European regulations, reflecting the airport’s commitment to passenger safety and efficient operations.… Continue reading Leidos to Introduce Cutting-Edge Hold Baggage Screening Systems at Sofia Airport
350 public electric vehicle charging points will be set up: NDMC
NDMC member Kuljeet Singh Chahal said the entire investment in the installation, operation, and maintenance of EV charging stations shall be borne by PSUs. New Delhi: The New Delhi Municipal Council (NDMC) has decided to set up 350 public electric vehicle charging points, officials said on Wednesday. The NDMC, in its Council Meeting, also discussed… Continue reading 350 public electric vehicle charging points will be set up: NDMC
Lucid opens first international EV factory in Saudi Arabia
Saudi’s sovereign wealth fund, Lucid’s largest shareholder, has been tasked with driving the kingdom’s ambitious plan to reduce reliance on oil revenue as it ventures into an EV industry dominated by countries like China and the United States. Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi… Continue reading Lucid opens first international EV factory in Saudi Arabia
Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films
Clermont-Ferrand, September 27, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films Michelin completed today the acquisition of Flex Composite Group, under the terms announced on June 19, 2023 and after obtaining all of the necessary approvals for the transaction.… Continue reading Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films
Michelin conclut l’acquisition de Flex Composite Group et crée un leader des tissus et films de haute technologie
Clermont-Ferrand, 27 septembre 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin conclut l’acquisition de Flex Composite Group et crée un leader des tissus et films de haute technologie Michelin a conclu ce jour l’acquisition de Flex Composite Group, conformément aux modalités communiquées le 19 juin 2023 et après obtention de la totalité des autorisations requises pour… Continue reading Michelin conclut l’acquisition de Flex Composite Group et crée un leader des tissus et films de haute technologie
Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films
Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films Michelin completed today the acquisition of Flex Composite Group, under the terms announced on June 19, 2023 and after obtaining all of the necessary approvals for the transaction. Michelin and FCG have thus created a leader… Continue reading Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics and films