A roundup of the week’s most newsworthy auto and transport industry press releases from PR Newswire, including an electric super-sports sedan from Lucid and new designs from Lexus. NEW YORK, Aug. 11, 2023 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To… Continue reading This Week in Transportation News: 13 Stories You Need to See
Tag: Strategy
Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
BERLIN, Aug. 10, 2023 /PRNewswire/ — Heramba GmbH and Heramba Holdings Inc. (“Heramba”) today announced that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Kiepe Electric is a global leader in the electrification of road and rail urban… Continue reading Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
Tint World® announces strategic North and South Carolina area development agreement
The National Automotive Styling Centers™ franchise empowers owners of Fayetteville and Greensboro locations to develop six additional centers in new markets throughout the region BOCA RATON, Fla., Aug. 11, 2023 /PRNewswire/ — Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, continues its exponential growth with a major new area development agreement… Continue reading Tint World® announces strategic North and South Carolina area development agreement
AGIC Capital completes investment in SG medical device producer AP Tech
AGIC Capital, a European-Asian private equity firm, has announced that it had completed a growth-equity investment in AP Technologies, a Singapore-based medical device contract manufacturer. The investment is the first transaction made by AGIC’s second fund in Asia, which had raised $1.2 billion in 2021. Similar to the firm’s mandate, the vehicle focuses on mid-market… Continue reading AGIC Capital completes investment in SG medical device producer AP Tech
Seaports to Deploy Over 370,000 Autonomous Guided Vehicles by 2030 to Alleviate Congestion
NEW YORK, Aug. 9, 2023 /PRNewswire/ — The maritime industry has drastically surged its automation efforts in the wake of global seaport congestion. In addition to solutions such as gantries, automated port gates, and stacking cranes, autonomous horizontal transport modes such as Automated Guided Vehicles (AGVs) that transport containers and loads to and from ships… Continue reading Seaports to Deploy Over 370,000 Autonomous Guided Vehicles by 2030 to Alleviate Congestion
SM Investments net income grows 32% to PHP36.5bn in H1 on strong consumer confidence
PASAY CITY, Philippines, Aug. 9, 2023 /PRNewswire/ — SM Investments Corporation (SM Investments) reported a consolidated net income of PHP36.5 billion in the first six months, up 32% from PHP27.7 billion in the same period last year. Consolidated revenues rose 18% to PHP286.3 billion in the January to June period from PHP242.6 billion in the same… Continue reading SM Investments net income grows 32% to PHP36.5bn in H1 on strong consumer confidence
MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION
$2.1B contract for 198 satellites is the largest award in MDA’s history BRAMPTON, ON, Aug. 11, 2023 /PRNewswire/ – MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announced it has been selected as the prime contractor for Telesat’s (NASDAQ: TSAT) (TSX: TSAT) revolutionary… Continue reading MDA SELECTED AS PRIME SATELLITE CONTRACTOR FOR TELESAT LIGHTSPEED ADVANCED CONSTELLATION
Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
BERLIN, Aug. 10, 2023 /PRNewswire/ — Heramba GmbH and Heramba Holdings Inc. (“Heramba”) today announced that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Kiepe Electric is a global leader in the electrification of road and rail urban… Continue reading Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
‘Serious engagement from inquiry to delivery is key to retaining customers:’ Veejay Nakra
Serious engagement right from inquiry to delivery is the key to retaining buyers in the intensely competitive environment and the era of long waiting periods. That’s the word coming in from industry veteran Veejay Nakra. Speaking on the topic of consumer retention in an interaction with Hormazd Sorabjee, Editor, Autocar India, the President of the automotive division… Continue reading ‘Serious engagement from inquiry to delivery is key to retaining customers:’ Veejay Nakra
‘We are planning to be the fifth largest tyre player by the end of 2025’: Harinder Singh
Most of India’s passenger car OEMs are expected to post strong performance results and going by the double-digit boom registered by some players. Naturally, it’s encouraging news for tyre makers, especially those who are watching the developing market trends. At the current rate, the country’s tyre industry has strong potential to more than double its… Continue reading ‘We are planning to be the fifth largest tyre player by the end of 2025’: Harinder Singh