Instant Brands’ popularity hasn’t helped it escape a tough economy. The Instant Pot has been one of the most important kitchen gadgets of the past decade, but that hasn’t prevented financial turmoil at its parent company. Instant Brands has filed for Chapter 11 bankruptcy in the US citing worldwide “macroeconomic and geopolitical challenges” that include… Continue reading Instant Pot parent company files for bankruptcy
Tag: Strategy
Siemens plans new plant in Singapore in Asia expansion
BERLIN, June 13 (Reuters) – Siemens (SIEGn.DE) plans to build a new plant for its industrial automation division in Singapore, the company said on Tuesday, as it expands its business in Asia to serve booming orders for automation technology. “Siemens intends to build a new, state-of-the-art Digital Industries (DI) factory in Singapore – as part… Continue reading Siemens plans new plant in Singapore in Asia expansion
Mobility as a Service (MaaS) revealed as top trend for future of car rental market, finds Amadeus and Microsoft report
New report explores the top trends and challenges in the car rental market, including the shift towards MaaS, strategic alliances, autonomous vehicles, and big data Changing traveler expectations, legacy operational processes and increased competition are driving forces behind the transformation of the car rental industry LONDON, June 13, 2023 /PRNewswire/ — The car rental market… Continue reading Mobility as a Service (MaaS) revealed as top trend for future of car rental market, finds Amadeus and Microsoft report
Toyota solid-state EV due in 2027 with 745 miles of range
Toyota is accelerating its development of solid-state batteries following a “technological breakthrough” in their durability and is fast progressing with plans to ultimately produce EVs with more than 930 miles of range. Solid-state batteries – so called because they use a solid electrolyte rather than a liquid one, as in today’s lithium ion units – have a much… Continue reading Toyota solid-state EV due in 2027 with 745 miles of range
If You Invested $1000 in Eaton a Decade Ago, This is How Much It’d Be Worth Now
How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and… Continue reading If You Invested $1000 in Eaton a Decade Ago, This is How Much It’d Be Worth Now
EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
In a major development in the electric vehicle (EV) space last week, U.S. auto giant General Motors GM announced plans to embrace EV behemoth Tesla’s TSLA charging network. GM’s intention to adapt its EVs to make them compatible with Tesla’s vast Supercharger network seems to have shaken the dynamics of the EV charging landscape. Auto equipment provider… Continue reading EV Roundup: GM-TSLA Charging Deal, BWA’s “Charging Forward: 2027” & More
Auto Roundup: GM’s Investment Plans, CVNA’s Improved Q2 Outlook & More
According to the China Passenger Car Association, there was a 6.9% increase in passenger vehicle sales in China in May, totaling 1.76 million vehicles. In the same month, 580,000 new energy vehicles were sold, reflecting 10.5% monthly growth and constituting 32.9% of the total sales in May. From January to May, overall passenger vehicle sales… Continue reading Auto Roundup: GM’s Investment Plans, CVNA’s Improved Q2 Outlook & More
Kaiyi Auto new energy strategy anniversary results release
YIBIN, China, June 10, 2023 /PRNewswire/ — On June 9-11, World Power Battery Conference will be held in Yibin with the theme of “New Green Power, World New Energy.” During the conference, Kaiyi Auto will showcase its three new energy technology platforms built on the “Yi concept”, as well as five new energy products such… Continue reading Kaiyi Auto new energy strategy anniversary results release
Movac Group sees management buy-out by existing directors ahead of a strategic 5-year growth plan
A management buy-out at Movac Group Limited has seen existing directors Robert Lang, Craig Matthews and Keith Parvin acquire the company, ahead of a strategic 5-year growth plan. IPSWICH, England, June 9, 2023 /PRNewswire/ — A management buy-out at Movac Group Limited has seen existing directors Robert Lang, Craig Matthews and Keith Parvin acquire the company,… Continue reading Movac Group sees management buy-out by existing directors ahead of a strategic 5-year growth plan
Logistics market size to grow by USD 12.09 billion from 2023 to 2030; Increase in e-commerce activities globally will boost the market growth – Facts & Factors
NEW YORK, June 8, 2023 /PRNewswire/ — As per Facts and Factors study, the global logistics market size was nearly $4.09 billion in 2022 and is set to increase to about $12.09 billion by 2030 along with securing the highest CAGR of 17.1% from 2023 to 2030. Report Link with All Related Graphs & Charts:… Continue reading Logistics market size to grow by USD 12.09 billion from 2023 to 2030; Increase in e-commerce activities globally will boost the market growth – Facts & Factors