Waymo plans to scale back truck automation while focusing more on the ride-hailing service business. Six years after Waymo first tested its autonomous vehicle system in heavy-duty trucks, the company is rolling back the program. The company stressed that the decision was driven by commercial considerations. Robot taxis have always been a central part of… Continue reading Waymo: Commitment to trucks is being scaled back
Tag: Strategy
XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
XUZHOU, China, July 27, 2023 /PRNewswire/ — XCMG Machinery (“XCMG”, SHE:000425) has officially signed a long-term strategic cooperation agreement with IBM and a memorandum of strategic cooperation with SAP lately to push forward the intelligent and digital transformation of the group to further elevate its competitive advantages in the global market and build a world-class… Continue reading XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth
Hanwha Aerospace Selected as Preferred Bidder for Land 400 Phase 3 by Australian Army
SEOUL, South Korea, July 27, 2023 /PRNewswire/ — Hanwha Aerospace announced today that its subsidiary, Hanwha Defense Australia(HDA), has been selected as the preferred bidder for the Land 400 Phase 3 Infantry Fighting Vehicle (IFV) program with the Redback IFV. This program includes 129 vehicles across two variants and will be delivered under an accelerated… Continue reading Hanwha Aerospace Selected as Preferred Bidder for Land 400 Phase 3 by Australian Army
Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
HÄMEENLINNA, Finland, July 27, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its growth strategy and will open a new flagship showroom in the Lakalaiva area in Tampere, Finland in late spring 2024. The new megastore with app. 400 cars will be opened in a completely new building that… Continue reading Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
India Digest: Cipla mulls stake sale; Brookfield in talks to buy Mumbai projectThe promoters currently own a 33.47 % stake in Cipla.
Indian pharmaceutical major Cipla is exploring a stake sale to private equity majors including Blackstone and Baring Asia, MoneyControl reported. Meanwhile, Canada-based alternative investment manager Brookfield is reportedly in advanced talks to close a real estate transaction. Cipla mulls stake sale to PE majors Pharmaceutical major Cipla is exploring a stake sale to private equity… Continue reading India Digest: Cipla mulls stake sale; Brookfield in talks to buy Mumbai projectThe promoters currently own a 33.47 % stake in Cipla.
Western car makers look to slash EV costs to fight Chinese onslaught
Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was aiming to slash production costs for its electric models by 40%. Finance chief Thierry Pieton said the best way to fend off price competition was for Renault to cut its own development and… Continue reading Western car makers look to slash EV costs to fight Chinese onslaught
What’s in the Offing for BorgWarner (BWA) in Q2 Earnings?
BorgWarner BWA is slated to release second-quarter 2023 results on Aug 2 before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $1.13 and $4.35 billion, respectively. For the second quarter, the consensus estimate for BWA’s earnings per share has moved south by a cent in… Continue reading What’s in the Offing for BorgWarner (BWA) in Q2 Earnings?
Musk extols Twitter’s new X name, but analysts are dubious
Anadolu Agency/Contributor/Getty Images Last weekend, Twitter CEO Elon Musk performed his own version of “Bye Bye, Birdie.” In yet another “out-of-the-blue” move that should have surprised no one but still created a stir, Musk revealed that Twitter would be renamed and rebranded to X. In short order, the domain name X.com redirected to Twitter, the… Continue reading Musk extols Twitter’s new X name, but analysts are dubious
John Lau takes legal action against Heath Zarin, EV Cornerstone
Cargo Services Far East Limited and CS International (Seafreight) Limited file lawsuit against EV Cargo Global Forwarding GmBH HONG KONG, July 26, 2023 /PRNewswire/ — Mr. John Lau Shek Yau (“John Lau or Mr. Lau”), founder of Cargo Services Group as well as JL Enterprises, began legal dispute and litigation proceedings against Heath Brian Zarin… Continue reading John Lau takes legal action against Heath Zarin, EV Cornerstone
H World Announces Preliminary Q2 Operating Results
RevPAR Recovers To 121% Of The 2019 Level HONG KONG, July 26, 2023 /PRNewswire/ — H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its preliminary results for hotel operations in the second quarter ended 30 June 2023 (“Q2 2023“). As of 30 June 2023, H World operates 8,750 hotels with… Continue reading H World Announces Preliminary Q2 Operating Results