For the first time in its 54-year history, the world’s largest tech show — the Consumer Electronics Show (CES) — kicked off this week as an all-virtual event, cramming a week of keynotes, press conferences and over 1,000 exhibitor booths onto the screens of our laptops and from the comfort of our homes. As a… Continue reading GM’s electric delivery foray, plus other mobility trends headlining CES | Greenbiz – GreenBiz
Tag: Strategy
Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Fourth quarter revenue of $570 million grew 14% quarter-over-quarterExceeded annualized fixed cost reduction target in Q4Positioned for strong organic growth and margin expansion as the recovery takes hold SAN FRANCISCO, Feb. 09, 2021 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “Despite… Continue reading Lyft: Lyft Announces Fourth Quarter and Fiscal Year Results
Detroit Diesel plant to get $20M boost to make electric truck parts
A Detroit-area factory known for making diesel engines is slated to get a $20 million investment to produce components for medium- and heavy-duty electric trucks. The investment means the 3-million-square-foot Detroit Diesel plant, which is in both Redford Township and Detroit, will be the North American source of Detroit ePowertrain components, according to the announcement Monday by Daimler… Continue reading Detroit Diesel plant to get $20M boost to make electric truck parts
Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Elon Musk’s Tesla snapped up $1.5 billion of bitcoin in January, but analysts said it was a risky move Frederic J. Brown/Getty Images Tesla’s decision to buy up $1.5 billion of bitcoin exposes Elon Musk’s electric car company to “immense” risks that could wipe out its annual profit if the cryptocurrency’s price plunges, a Saxo… Continue reading Elon Musk’s $1.5 billion bet on bitcoin has exposed Tesla to ‘immense’ risk that could wipe out its profits, analysts say
Aurora strikes deal with Toyota, Denso to develop, test self-driving Sienna minivans
Aurora has reached a deal with Toyota and auto-parts supplier Denso to develop and test vehicles equipped with the self-driving startup’s technology, beginning with a fleet of Toyota Sienna minivans. Engineering teams from Aurora and Toyota will work together to design and build the self-driving Sienna minivans with an aim to start testing a fleet… Continue reading Aurora strikes deal with Toyota, Denso to develop, test self-driving Sienna minivans
@VW Group: Audi Hungaria produces e-motors for future PPE model generation
Preparations for the production of the new generation of electric motors are already in progress at Audi Hungaria. In the future, Győr will supply the new electric drives for the Group’s all-electric models, which are based on the “Premium Platform Electric (PPE)” developed jointly with Porsche. For their production, a completely new production department will… Continue reading @VW Group: Audi Hungaria produces e-motors for future PPE model generation
Norway’s Statkraft takes majority stake in Swedish EV charging firm
Together with Statkraft’s smaller existing Swedish charging business, the company will change its name to Mer Sweden, with current Bee CEO Fredrik Nordin taking the helm. OSLO: Norwegian utility Statkraft has agreed to buy a 51% stake in Swedish electric vehicle charging firm Bee Charging Solutions, seeking to benefit from Sweden’s nascent boom in the… Continue reading Norway’s Statkraft takes majority stake in Swedish EV charging firm
Michelin launches construction on its first tire recycling plant in the world
Michelin launches construction on its first tire recycling plant in the world Sander Vermeulen, Vice President Marketing & Business Development Strategy & New Businesses High-Tech Materials Sonia Artinian-Fredou, Executive Vice President High Tech Materials – Member of the Group Executive Committee Noémie Assenat, Vice President Director Mergers & Acquisitions Group Michelin’s first new-generation recycling plant… Continue reading Michelin launches construction on its first tire recycling plant in the world
@Groupe PSA: PR PEUGEOT e-208 elected ELECTRIC CAR BUSINESS 2021001165
The sixth edition of the Business Trophies 2021 took place in Paris at the initiative of the magazine “Kilomètres Entreprise. The PEUGEOT e-208 received first prize in the “Electric Business 2021” category. The prizes were awarded by a jury of fourteen journalists including 12 from the editorial staff of “Kilomètres Entreprise”. Nine Business trophies were… Continue reading @Groupe PSA: PR PEUGEOT e-208 elected ELECTRIC CAR BUSINESS 2021001165
Suzuki to offer hybrid-powered models for all ‘kei’ minicars
TOKYO — Suzuki Motor will aim to equip all of its minivehicles with simple hybrid systems in a few years, Nikkei has learned, as the automobile industry weathers a storm of change amid intensifying competition. The Japanese automaker also plans to develop fuel-efficient high-performance hybrid vehicles and electric vehicles. Japan’s signature miniature vehicles, known as… Continue reading Suzuki to offer hybrid-powered models for all ‘kei’ minicars