@Hyundai: Kia America is Only Automotive Company in the US named to the 2023 TIME100 list of Most Influential Companies

Fast-Growing Kia is Undergoing a Total Transformation to Reposition Itself Into a Symbol of Innovation, Challenge, and Sustainability Under its ambitious Plan S strategy, Kia plans to invest approximately $25 billion USD to offer 15 EVs globally by 2027, including the all-new EV9[i] three-row SUV arriving later this year Kia America celebrated its 30th year… Continue reading @Hyundai: Kia America is Only Automotive Company in the US named to the 2023 TIME100 list of Most Influential Companies

SKF announces electric aviation agreement with Lilium

SKF leads the way in bearing provision for the electric aircraft market GOTHENBURG, Sweden, June 21, 2023 /PRNewswire/ — SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported Lilium on the design of electric motor bearings for… Continue reading SKF announces electric aviation agreement with Lilium

Europa Wire: CMD23: Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume000647

Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume (IN BRIEF) Volkswagen Group has announced a strategic realignment and the launch of performance programs to enhance profitability and cash flow. At its Capital Markets Day, the Group emphasized leadership principles focused on customer orientation and… Continue reading Europa Wire: CMD23: Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume000647

U.S. House China committee members talk supply chains with Detroit auto execs

Romulus — Reducing dependence on Chinese supply chains, the need for permitting reform for critical minerals, and concerns over a lack of reciprocity with China on testing autonomous vehicle technologies were among the themes of meetings Tuesday between top automotive executives and federal lawmakers. U.S. Reps. Mike Gallagher, R-Wis., Raja Krishnamoorthi, D-Ill., Haley Stevens, D-Birmingham… Continue reading U.S. House China committee members talk supply chains with Detroit auto execs

Saudi Arabia’s strategic plans to safeguard food security for pilgrims

MECCA, Saudi Arabia, June 21, 2023 /PRNewswire/ — Saudi Arabia has successfully managed to achieve an excellent status in the framework of realizing self-sufficiency for several necessary food products before taking up the task of securing food for millions of visiting pilgrims coming from different countries of the world. According to the head of catering… Continue reading Saudi Arabia’s strategic plans to safeguard food security for pilgrims

Xiamen Airlines, Airbus in tie-up to advance sustainable development across aviation industry

XIAMEN, China, June 21, 2023 /PRNewswire/ — On June 21, Xiamen Airlines and Airbus announced a strategic partnership focused on sustainable development during the Paris Air Show. The partnership aims to enhance collaboration in advancing sustainability within the civil aviation sector. Both parties are committed to supporting the United Nations Sustainable Development Goals (SDGs) and… Continue reading Xiamen Airlines, Airbus in tie-up to advance sustainable development across aviation industry

Shared Mobility Market Overview: Ride Hailing And Sharing Services To Drive Growth At A Rate Of More Than 12% – By The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 LONDON, June 21, 2023 /PRNewswire/ — As per The Business Research Company’s Shared Mobility Global Market Report 2023, the global shared mobility market size will grow from $271.9 billion in 2022… Continue reading Shared Mobility Market Overview: Ride Hailing And Sharing Services To Drive Growth At A Rate Of More Than 12% – By The Business Research Company

SKF announces electric aviation agreement with Lilium

SKF leads the way in bearing provision for the electric aircraft market GOTHENBURG, Sweden, June 21, 2023 /PRNewswire/ — SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported Lilium on the design of electric motor bearings for… Continue reading SKF announces electric aviation agreement with Lilium

Share-based incentive scheme for the CEO of Kamux for 2023-2026

HÄMEENLINNA, Finland, June 21, 2023 /PRNewswire/ — The Board of Directors of Kamux Corporation has approved a long-term share-based incentive plan for the years 2023-2026 for Tapio Pajuharju, Kamux Corporation’s CEO as of June 1, 2023 (the “plan”). The objective of the plan is to encourage and commit the CEO to implement the strategy and to… Continue reading Share-based incentive scheme for the CEO of Kamux for 2023-2026

Military Drone Industry Booming as Revenues Expected to Reach $17 Billion by 2027

PALM BEACH, Fla., June 21, 2023 /PRNewswire/ — FinancialNewsMedia.com News Commentary – The Military Drone Market is positioned to continue rapid growth over the several years to come. The earliest UAVs were known as remotely piloted vehicles (RPVs) or drones. They were small radio-controlled aircraft first used during World War II for target training for… Continue reading Military Drone Industry Booming as Revenues Expected to Reach $17 Billion by 2027