DETROIT, Oct 20 (Reuters) – A union-affiliated pension fund advisor said it is pressing Rivian on human rights and environment concerns in the electric vehicle startup’s battery supply chain ahead of its expected blockbuster initial public offering. SOC Investment Group, in a letter sent Wednesday to Rivian board member Rose Marcario, called on the Irvine,… Continue reading Autos & TransportationFund advisor presses EV startup Rivian on environment, human rights ahead of IPO6:46 PM UTC
Tag: Strategy
Tesla Leapfrogs the Competition in Interbrand’s 2021 Best Global Brands Report
Sephora (#100) is the only new entrant to the rankings this year, but its addition makes LVMH Group the biggest group entity in the table. LVMH group is the first to have five brands in the Best Global Brands table – Sephora, Louis Vuitton (#13), Dior (#77), Tiffany & Co. (#92) and Hennessy (#95). Top… Continue reading Tesla Leapfrogs the Competition in Interbrand’s 2021 Best Global Brands Report
Grab Partners Citi to Enable Seamless Conversion of Citi ThankYou Points and Citi Miles to GrabRewards Points, Creating Greater Value for Consumers
Grab and Citi are providing Citi cardmembers in Singapore with more options to maximise the value of their Citi ThankYou Points or Citi Miles. New tie-up offers Citi credit card customers greater flexibility and convenience in redeeming Citi ThankYou Points or Citi Miles for GrabRewards points SINGAPORE, 20 October 2021 – Grab, a leading superapp… Continue reading Grab Partners Citi to Enable Seamless Conversion of Citi ThankYou Points and Citi Miles to GrabRewards Points, Creating Greater Value for Consumers
Hyzon Zero Carbon Alliance welcomes leading hydrogen storage provider, Iljin Hysolus
MELBOURNE, Australia, Oct. 20, 2021 /PRNewswire/ — The Hyzon Zero Carbon Alliance, an initiative of leading companies working to accelerate hydrogen-powered mobility worldwide, has added Iljin Hysolus as its newest member following its recent steering committee meeting. Championed by Hyzon Motors Inc. (NASDAQ: HYZN), a leading global supplier of zero-emission, hydrogen fuel cell-powered commercial vehicles, the… Continue reading Hyzon Zero Carbon Alliance welcomes leading hydrogen storage provider, Iljin Hysolus
Asia Digest: Pakistan’s Rider bags $2.3m; S Korea’s Yanolja buys Interpark
Pakistan-based last-mile delivery provider Rider has bagged $2.3 million in a seed funding round; while South Korean travel platform Yanolja will acquire 70% stake in the country’s e-commerce pioneer, Interpark, for about $250 million. Pakistan’s Rider bags $2.3m seed funding Pakistan’s last-mile delivery provider Rider has bagged $2.3 million in a seed funding round led… Continue reading Asia Digest: Pakistan’s Rider bags $2.3m; S Korea’s Yanolja buys Interpark
Magna Updates 2021 Outlook
AURORA, Ontario, Oct. 20, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2021 outlook to reflect declines in anticipated 2021 light vehicle production, including 7% and 9% in North America and Europe, respectively, in each case relative to expected light vehicle production levels disclosed in… Continue reading Magna Updates 2021 Outlook
Mary Barra Talks Candidly About GM’s EV Plans, Details Competition With Tesla And New Vehicle Rollout – Torque News
Barra made these remarks during an interview with Fox News Business and the “Claman Countdown.” where she was pressed on the company’s plans to churn out 30 all-new EV models by 2025 including an electrified $30,000 CUV (the Equinox EV) and a second model that will be priced even lower than that. Related Story (2018):… Continue reading Mary Barra Talks Candidly About GM’s EV Plans, Details Competition With Tesla And New Vehicle Rollout – Torque News
General Motors CEO: Chip shortage has forced supply chain rethink – Verdict
US automaker General Motors will source more semiconductors directly from manufacturers to adapt to the ongoing global chip shortage, its CEO Mary Barra said on Friday. Barra’s comments came amid ten months of sporadic production line closures in the automotive sector due to the chip shortage and supply chain disruptions. All major automakers have been… Continue reading General Motors CEO: Chip shortage has forced supply chain rethink – Verdict
Sun Mobility gets $50 million from Vitol to accelerate global EV infra network
Sun Mobility’s Chetan Maini: “As part of Sun Mobility’s long-term strategy to build affordable EV technologies in India, we will be deploying the funds into capacity expansion.” Bangalore-based Sun Mobility, the fast-growing provider of energy infrastructure and services for electric vehicles, has closed a $50 million (Rs 370 crore) funding round by Dutch energy and… Continue reading Sun Mobility gets $50 million from Vitol to accelerate global EV infra network
For cold days: Heated workwear from Bosch for professionals
The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2020, its roughly 20,000 associates generated sales of 5.1 billion euros, about 85 percent of which outside of Germany. With brands such as Bosch… Continue reading For cold days: Heated workwear from Bosch for professionals