Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. TechCrunch reported in January that a deal was being shopped to investors. Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and… Continue reading Uber spins out delivery robot startup as Serve Robotics
Tag: Strategy
Blockchain doesn’t need cryptocurrency: McKinsey Digital’s Asia head
Mumbai: Anand Swaminathan, the head of McKinsey Digital in Asia, told ET that it would be a mistake to think that cryptocurrencies and blockchain technology are “so intertwined you can’t have one without the other”. The Indian government’s reported plan to ban all cryptocurrencies has drawn sharp reactions from members of the crypto community, who… Continue reading Blockchain doesn’t need cryptocurrency: McKinsey Digital’s Asia head
February tractor sales robust on strong rural cash flow
The momentum in the tractor market as we enter the last month of the FY2021. In February, most key tractor makers posted healthy growth both sequentially as well as annually on the back of robust demand and strong cash flows in rural markets. Mahindra & MahindraMahindra & Mahindra’s February tractor sales are up 24 percent… Continue reading February tractor sales robust on strong rural cash flow
Investors cheer second Japanese takeover by China’s Hisense
HONG KONG — A unit of Hisense Group, a major home-electronics maker in China, has reached a deal to purchase a controlling stake in a Japanese auto parts company, pushing the subsidiary’s shares up 10% in mainland trading on Tuesday. Hisense Home Appliances Group, a subsidiary of Hisense Group, announced after the market closed on… Continue reading Investors cheer second Japanese takeover by China’s Hisense
Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
The major highlight of the last week was the announcement of Cooper Tire’s CTB acquisition by Goodyear Tire GT. This transformational deal marks the collaboration of two of the biggest American tire companies. It will create a stronger and industry-leading U.S.-based tire manufacturer, having a more enhanced presence in distribution and retail channels. Awarding of… Continue reading Auto Stock Roundup: GT Announces CTB Buyout, OSK Wins USPS Contract and More
Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading Dow Jones Rallies But Nasdaq Falls; Nio, Target, Zoom Stock Move On Earnings
Dow Reverses, Tech Stocks Fall As Nio Dives On Earnings; Zoom Soars On Big Beat
TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have… Continue reading Dow Reverses, Tech Stocks Fall As Nio Dives On Earnings; Zoom Soars On Big Beat
LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Automotive Wi-Fi 6E modules are near-field wireless communication components connecting in-vehicle infotainment (IVI) systems, which control driving information and multimedia content, to internal smart devices and external routers. With the next-generation Wi-Fi 6E (6th Generation Extended) technology using 6GHz bandwidth, the module boasts data transmission speeds approximately 3 times faster than the existing Wi-Fi 5.… Continue reading LG Innotek Develops the World’s First Automotive Wi-Fi 6E Module
Composites One Acquires Process Materials Business from Solvay
Introducing Aerovac – Major Supplier/Manufacturer of Process Materials and Tooling SCHAUMBURG, Ill., March 2, 2021 /PRNewswire/ — Composites One, the leading North American supplier of composites materials and value added services, has completed its purchase of the Process Materials business from the Solvay Composites Materials Global Business. The acquisition is a unique opportunity for the company… Continue reading Composites One Acquires Process Materials Business from Solvay
Continental’s Hose and Line Business on Track for Low-Emission and Zero-Emission Mobility
Philip Nelles, Head of Mobile Fluid Systems: “Hoses and lines are absolutely essential factors in achieving emission-free and low-emission mobility.” Hose and line orders worth approx. €275 million placed by German, Asian and North American makers of electric and hybrid vehicles Zero-emission mobility: Sophisticated thermal management extends range of electric and hybrid vehicles Low-emission mobility:… Continue reading Continental’s Hose and Line Business on Track for Low-Emission and Zero-Emission Mobility