Rendering of world’s first high-volume eVTOL aircraft manufacturing facility located in Covington, Georgia “The Stellantis and Archer teams are moving full speed ahead in execution mode to ensure we meet our goal of bringing scalable manufacturing of Archer’s aircraft online in mid-2024,” said Stellantis CEO Carlos Tavares. “We believe this unique partnership is setting the… Continue reading @Groupe PSA: PR Stellantis, Archer Move Partnership from ‘Concept Phase’ to ‘Execution Phase’005860
Tag: Strategy
Global Miniaturized Satellite Market Anticipated to Garner $15,958.6 Million, Growing at a 17.1% CAGR in the 2022-2031 Timeframe [260-Pages] | Commended by Research Dive
The global miniaturized satellite market is expected to grow primarily due to the increase in the need for high-resolution imaging services worldwide. Satellite communication sub-segment is expected to flourish immensely. The market in the North America region is predicted to grow at a high CAGR by 2031 NEW YORK, June 15, 2023 /PRNewswire/ — Global Miniaturized… Continue reading Global Miniaturized Satellite Market Anticipated to Garner $15,958.6 Million, Growing at a 17.1% CAGR in the 2022-2031 Timeframe [260-Pages] | Commended by Research Dive
Global Bearings Market Analysis Report 2023-2028: Growing Demand Across Multiple Industries / Digitalization & Smart Technologies Embedded in Bearings Gaining Momentum
DUBLIN, June 19, 2023 /PRNewswire/ — The “Global Bearings Market: Analysis By Type, By Application, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028” report has been added to ResearchAndMarkets.com’s offering. The global bearings market in 2022 was valued at US$114.21 billion and is expected to reach US$165.10 billion by 2028.… Continue reading Global Bearings Market Analysis Report 2023-2028: Growing Demand Across Multiple Industries / Digitalization & Smart Technologies Embedded in Bearings Gaining Momentum
Kongsberg Automotive enters a non-binding agreement to acquire 20% of Chassis Autonomy
Zurich, June 19, 2023: Kongsberg Automotive AS (KA) has entered into a non-binding agreement with Chassis Autonomy SBA AB, to acquire a 20% equity stake in the company combined with call options to acquire up to 100% of the shares (proposed transaction). Chassis Autonomy specializes in software design and hardware development in steer-by-wire and brake-by-wire… Continue reading Kongsberg Automotive enters a non-binding agreement to acquire 20% of Chassis Autonomy
Michelin: Michelin announces the acquisition of Flex Composite Group to create a leader in high-tech engineered fabrics and films
Clermont-Ferrand, June 19, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin announces the acquisition of Flex Composite Group to create a leader in high-tech engineered fabrics and films Creating a leader in high-tech engineered fabrics and films, increasing by c. 20% the revenue of Michelin’s High-Tech Materials businesses. An important step to develop Michelin beyond mobility… Continue reading Michelin: Michelin announces the acquisition of Flex Composite Group to create a leader in high-tech engineered fabrics and films
BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
AUBURN HILLS, Mich. , June 19, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and Eldor Corporation S.p.A. today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject… Continue reading BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
Supernal and Qarbon Aerospace Partner on Future Scaled eVTOL Component Assembly
Major aerospace supplier will scale its rate-enabling manufacturing processes for Advanced Air Mobility industry PARIS, June 19, 2023 /PRNewswire/ — Supernal LLC (the Company) and Qarbon Aerospace, Inc. announced today a partnership to mature component welding techniques for future scaled production of electric vertical takeoff and landing (eVTOL) vehicles. This marks the first of two agreements… Continue reading Supernal and Qarbon Aerospace Partner on Future Scaled eVTOL Component Assembly
RIYADH AIR – NEW NATIONAL CARRIER FROM ARABIA ARRIVES IN PARIS TO SHOW THE WORLD THE FUTURE OF FLIGHT
PARIS, June 19, 2023 /PRNewswire/ — A new chapter in travel has arrived on the global stage with the world class, digitally-led airline Riyadh Air, making its international debut at the 54th bi-annual Paris Air Show. The Boeing 787-9 Dreamliner adorned with Riyadh Air’s unique livery touched down after a stunning fly-over the city of Riyadh for… Continue reading RIYADH AIR – NEW NATIONAL CARRIER FROM ARABIA ARRIVES IN PARIS TO SHOW THE WORLD THE FUTURE OF FLIGHT
Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
Michelin, the French multinational tyre manufacturing company and French PE firm IDI have reached an agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million. The French auto supplier said that buying the Paris-based engineer of fabrics and films will increase its high-tech materials business revenue by around 20%. The agreement… Continue reading Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More
In a major development in the electric vehicle (EV) space, last week several EV charging companies like Blink Charging, ChargePoint, EVgo, Tritium and Wallbox announced plans to offer chargers featuring Tesla‘s TSLA connector, marking a significant turn away from the standard Combined Charging System (CCS) connector. The shift in industry preference can be attributed to the advantageous design of Tesla’s… Continue reading EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More