Consumers looking to buy the new GMC Hummer EV pickup or SUV will be doing it online with minimal dealer involvement, directly from General Motors, for at least the next two years. After that, the retail shopping experience will “evolve” as GM rolls out more electric vehicles. The vehicles will make it to GMC dealership showrooms eventually, but… Continue reading Hummer EVs to influence GMC’s future buying process
Tag: Strategy
The new business operating model in the next normal
A decentralized company that is globally and intelligently connected, one whose employees can work from anywhere, whose customers and partners can succeed from anywhere, and whose definition of success includes all its stakeholders, is a boundless company. A boundless company means boundless access to talent, boundless inclusivity and equality, a boundless platform for innovation, boundless… Continue reading The new business operating model in the next normal
Hertz Completes Sale of Donlen to Athene Holding
Tom Callahan is president of Donlen. Photo courtesy of Donlen. Hertz Global Holdings announced on March 30 the successful completion of the sale of substantially all the assets of its wholly owned subsidiary, Donlen Corporation to Athene Holding Ltd, the companies said in a statement. Hertz received $891 million in cash proceeds per the terms of the transaction,… Continue reading Hertz Completes Sale of Donlen to Athene Holding
Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination
The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing. Innoviz is pleased to announce today, after years of… Continue reading Innoviz Technologies and Collective Growth Corporation Announce Closing of Business Combination
Mahindra’s new CEO seeks to revive growth at $19 billion group
Shah is also looking beyond automobiles for growth, with plans to venture into digital startups that have potential to grow into unicorns. Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief… Continue reading Mahindra’s new CEO seeks to revive growth at $19 billion group
LG is ending its smartphone business
LG Electronics said on Monday that it will be closing its loss-making mobile business unit. The decision was approved by the board on the same day. The exit is expected to be completed by July 31. LG’s current phone inventory will continue to be available for sales. The company will also continue to manufacture mobile… Continue reading LG is ending its smartphone business
LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE
April 5, 2021 LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE Open share list Share this content. Stepping Away from Phone Manufacturing and Sales Enables Company to Focus on Growth Sectors Including EVs, IoT and B2B Solutions SEOUL, April 5, 2021 — LG Electronics Inc. (LG) announced that it is closing its mobile business unit. The… Continue reading LG TO CLOSE MOBILE PHONE BUSINESS WORLDWIDE
LG confirms it’s shutting down its mobile business
The reports out of its native Korea were correct, LG is shutting down its mobile business. With losses continuing to mount, and billions of dollars seemingly squandered on quirky handsets, the electronics giant has officially thrown in the towel on its struggling phone division. In a statement, the company said “Moving forward, LG will continue… Continue reading LG confirms it’s shutting down its mobile business
The UK Is Trying to Stop Facebook’s End-to-End Encryption
The UK is planning a new attack on end-to-end encryption, with the Home Office set to spearhead efforts designed to discourage Facebook from further rolling out the technology to its messaging apps. Home Secretary Priti Patel is planning to deliver a keynote speech at a child protection charity’s event focused on exposing the perceived ills… Continue reading The UK Is Trying to Stop Facebook’s End-to-End Encryption
Bridgestone Completes Sale of Firestone Building Products to LafargeHolcim
Bridgestone Americas, Inc., a subsidiary of Bridgestone Corporation, has completed the sale of Firestone Building Products to Holcim Participations (US) Inc, a subsidiary of LafargeHolcim Ltd. (LafargeHolcim). The transaction, valued at USD $3.4 billion, will advance Bridgestone’s efforts to deliver value to customers and society as a global leader providing tires and advanced mobility solutions.… Continue reading Bridgestone Completes Sale of Firestone Building Products to LafargeHolcim