Multinational automotive supplier BorgWarner (BWA) announced that it has completed the tender offer to buy 89.08% of the outstanding shares of AKASOL. AKASOL designs and manufactures customizable lithium-ion battery systems for buses, commercial, rail, and industrial vehicles, as well as for ships and boats. The company has paid approximately €648 million from its current cash… Continue reading BorgWarner Completes Tender Offer For 89% Stake in AKASOL
Tag: Strategy
The Station: Aurora gets closer to a SPAC deal, Spin’s new strategy and Waymo One app numbers
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Aurora gets closer to a SPAC deal, Spin’s new strategy and Waymo One app numbers
This phishing email is pushing password-stealing malware to Windows PCs
A phishing campaign is delivering a new variant of one of the oldest forms remote access trojan (RAT) malware, in an effort to steal usernames, passwords and other sensitive information. It also aims to steal cryptocurrency from the victim. Agent Tesla first emerged in 2014 and it remains a common form of malware in 2021.… Continue reading This phishing email is pushing password-stealing malware to Windows PCs
China EV Maker Betting on Cult Status to Sell a Million Cars
(Bloomberg) — Since last July, a little-known automaker in China’s southwest has dominated the world’s largest electric car market, outselling bigger players and even Tesla Inc. almost every month with a tiny, bare-bones EV that starts at just $4,500. The Hongguang Mini is the brainchild of SAIC-GM-Wuling Automobile Co., a joint venture between SAIC Motor… Continue reading China EV Maker Betting on Cult Status to Sell a Million Cars
DragonPass International and Plaza Premium Group to Offer the Largest Network of Airport Hospitality Services
Better variety, flexibility and seamless solution ready for corporate clients HONG KONG, June 7, 2021 /PRNewswire/ — Plaza Premium Group, the pioneer and industry leader in global travel hospitality services and DragonPass International (DragonPass), the world-leading airport ecosystem digital platform provider, today announces a strategic partnership to offer an exclusive, integrated solution of airport experiences to… Continue reading DragonPass International and Plaza Premium Group to Offer the Largest Network of Airport Hospitality Services
SSCI Appoints Dr. Scott Littlefield as Chief Engineer for Maritime Programs
WOBURN, Mass., June 7, 2021 /PRNewswire/ — Scientific Systems Company, Inc. (SSCI), an industry leader and pioneer in advanced intelligent autonomous systems, announced today that Dr. Scott Littlefield has joined the company as Chief Engineer for Maritime Programs. In this role he will be responsible for strategic development, customer engagement, and technology solution implementation for all… Continue reading SSCI Appoints Dr. Scott Littlefield as Chief Engineer for Maritime Programs
@Daimler: Formula E: Leading The Charge with Modis
The Mercedes-EQ Formula E Team, in conjunction with its Official Engineering Partner Modis, have announced an exhilarating opportunity for tech and engineering students, graduates or anyone with a technical background who is looking to make an exciting move into motorsport – the chance to work alongside Team Principal Ian James, and be at the heart… Continue reading @Daimler: Formula E: Leading The Charge with Modis
State Bank of India invests in digital payments firm Cashfree …
City-based payment gateway, Cashfree, on Monday said it has raised strategic funding from India’s largest lender, State Bank of India (SBI), at a post-money valuation of $200 million. The company will be utilise the funds to ramp up its payment infrastructure and invest in growth. The latest fundraise comes less than a year after the… Continue reading State Bank of India invests in digital payments firm Cashfree …
Solera Completes Acquisitions of Omnitracs and DealerSocket
Acquisitions of Omnitracs, DealerSocket and eDriving Position Solera as the Global Data Intelligence and Technology Leader in Vehicle Lifecycle Management WESTLAKE, Texas, June 7, 2021 /PRNewswire/ — Solera Holdings, Inc. (“Solera”) announced that it has completed its acquisitions of Omnitracs, DealerSocket and eDriving. Omnitracs is a leading fleet management platform, DealerSocket is a best-in-class SaaS provider to… Continue reading Solera Completes Acquisitions of Omnitracs and DealerSocket
KYMCO Announces Ionex EV League
Right before the start of the exhibition, KYMCO signed Strategic Collaboration Agreements with Super SOCO and FELO Technology to jointly create new models based on Ionex open energy platform, to co-develop smart connected technologies for electric vehicle riders, and to share resources in promoting electric motorcycles and scooters in the global market. The spirit of… Continue reading KYMCO Announces Ionex EV League