Lordstown Motors, the troubled electric vehicle company that bought a shuttered General Motors factory in Ohio with grand plans to create the Tesla of pickup trucks, filed for bankruptcy protection on Tuesday. Once hailed by former President Donald J. Trump for preserving manufacturing jobs, the company struggled with a series of development setbacks and frequent… Continue reading Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
Tag: Strategy
AROBS launches AROBS Polska, following the completion of the transaction with SYDERAL Polska
CLUJ-NAPOCA, Romania, June 26, 2023 /PRNewswire/ — AROBS Transilvania Software (BVB: AROBS), the most significant technology company listed on the Bucharest Stock Exchange, launches AROBS Polska following the successful acquisition of a 94% majority stake in SYDERAL Polska. AROBS Polska has a team of over 30 specialists in developing products and technologies for quantum and… Continue reading AROBS launches AROBS Polska, following the completion of the transaction with SYDERAL Polska
Emirates and Huawei Mobile Services (HMS) Forge Strong Partnership to Enhance Travel Experience for Users with a seamless integration on the HUAWEI Watch 4
DUBAI, UAE, June 23, 2023 /PRNewswire/ — Since the introduction of the Emirates app on HUAWEI AppGallery in early 2020, Emirates, a prominent player in the aviation sector, and Huawei Mobile Services (HMS), cutting-edge technology services, have joined forces to enhance travel experiences for HMS users. This collaboration has evolved and flourished, enabling them to provide outstanding… Continue reading Emirates and Huawei Mobile Services (HMS) Forge Strong Partnership to Enhance Travel Experience for Users with a seamless integration on the HUAWEI Watch 4
Dopamine Gaming Launches OnlineCasinos365 on the New Zealand Gambling Market
AUCKLAND, New Zealand, June 23, 2023 /PRNewswire/ — The gambling company Dopamine Gaming releases their newest project, OnlineCasinos365. Its aim is to meet New Zealand players’ expectations and requirements, many of which are currently being overlooked in most such projects in the industry. Dopamine Gaming is Expanding in the New Zealand Market After 7 years… Continue reading Dopamine Gaming Launches OnlineCasinos365 on the New Zealand Gambling Market
Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric-truck maker Lordstown Motors filed for Chapter 11 bankruptcy protection Tuesday and said that it would put itself up for sale amid an ongoing dispute over investments… Continue reading Lordstown Motors files for bankruptcy, sues Foxconn over $170 million funding deal
MEDC governing board extends deadlines for LG, Magna projects
The Michigan Strategic Fund board voted Tuesday to extend deadlines for two previously approved projects. The governing body of the Michigan Economic Development Corp. agreed to extend milestone deadlines for LG Energy Solution’s expansion of its Holland electric-vehicle battery plant, which was previously approved for a $10 million Michigan Business Development Program grant and a… Continue reading MEDC governing board extends deadlines for LG, Magna projects
Space Militarization Market worth $88.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 26, 2023 /PRNewswire/ — The Space Militarization Market is estimated at USD 53.7 billion in 2023 and is projected to reach USD 88.6 billion by 2030, at a CAGR of 7.4 % from 2023 to 2030 according to a new report by MarketsandMarkets™. The growth can be attributed to the increasing geopolitical tensions and… Continue reading Space Militarization Market worth $88.6 billion by 2030 – Exclusive Report by MarketsandMarkets™
Xinhua Silk Road: SW. China’s Chongqing Yubei District committed to building a new hub for international aviation
BEIJING, June 26, 2023 /PRNewswire/ — Positioning to build a new air, land-sea channel and an international aviation gateway hub, Yubei District of southwest China’s Chongqing Municipality, has stepped up efforts to advance the development of airport industry and foreign trade, promote innovation-driven and the construction of a world-class airport cluster covering Chengdu and Chongqing, thus making Chongqing the fourth… Continue reading Xinhua Silk Road: SW. China’s Chongqing Yubei District committed to building a new hub for international aviation
Żabka Group unveils its automated logistics centre in Radzymin near Warsaw
POZNAŃ, Poland, June 26, 2023 /PRNewswire/ — Żabka Group has unveiled its state-of-the-art automated logistics centre in Radzymin near Warsaw, which can supply around 3,500 stores. This facility is the largest and most technologically advanced addition to Żabka Group’s logistics infrastructure. “This is one of the most modern logistics centres in Europe, the largest investment… Continue reading Żabka Group unveils its automated logistics centre in Radzymin near Warsaw
Harley-Davidson Announces New Chief Financial Officer
MILWAUKEE, June 27, 2023 /PRNewswire/ — Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) today announced that Jonathan Root, SVP of Harley-Davidson Financial Services (HDFS), has been appointed as Chief Financial Officer, Harley-Davidson, Inc., effective immediately. “Jonathan is a proven leader with extensive knowledge of our business, matched with strong financial acumen – we’re excited to have him in place… Continue reading Harley-Davidson Announces New Chief Financial Officer