Tag: Geely

Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

(Bloomberg) — Waymo is talking to outside investors about raising as much as $4 billion in additional capital to fuel its self-driving efforts. And the company has discussed plans to eventually list publicly, spinning out from its parent Alphabet Inc., according to people familiar with the plans. But Waymo must first quell concerns about a… Continue reading Waymo Eyes Raising Up to $4 Billion as Leaders’ Exits Sow Doubts

UPDATE 1-Daimler Truck eyes bigger profits, going ‘all in’ on zero emissions

By Nick Carey 3 Min Read LONDON (Reuters) -Daimler Truck aims to cut costs and boost profit across all regions by 2025 as it goes “all in” for electric and hydrogen fuel cell powered vehicles, the world’s largest truck and bus maker said on Thursday. FILE PHOTO: Daimler AG sign is pictured at the IAA… Continue reading UPDATE 1-Daimler Truck eyes bigger profits, going ‘all in’ on zero emissions

Volvo expands partnership with Nvidia for self-driving tech

Volvo has confirmed it will use technology company Nvidia’s new Drive Orin processor to power its upcoming self-driving technology. The system will first appear on the next-generation XC90 next year, being the first Volvo to offer an advanced “eyes off” autonomous driving mode. Nvidia’s Drive Orin chip has been designed specifically to meet the processing… Continue reading Volvo expands partnership with Nvidia for self-driving tech

@Geely: Mon 17 May 2021Mark Farries appointed Group Lotus Chief Financial OfficerGroup Lotus announces that Mark Farries has been appointed Chief Financial Of…

(Hethel, UK – 17 May 2021) – Group Lotus announces that Mark Farries has been appointed Chief Financial Officer (CFO), replacing incumbent, Robert Gong, who is returning to Geely’s HQ in China (Lotus majority shareholder).  Farries, 44, joined Lotus earlier this year as Head of Commercial Finance. He brings a wealth of international experience from… Continue reading @Geely: Mon 17 May 2021Mark Farries appointed Group Lotus Chief Financial OfficerGroup Lotus announces that Mark Farries has been appointed Chief Financial Of…

UAW Rejects Tentative Agreement with Volvo Trucks North America

GREENSBORO, N.C., May 16, 2021 /PRNewswire/ — Volvo Trucks North America today announced that employees represented by the United Auto Workers (UAW) rejected a new five-year labor agreement covering approximately 2,900 members of UAW Local #2069 at the New River Valley truck assembly operations in Dublin, Virginia. The company has been informed that UAW-represented employees… Continue reading UAW Rejects Tentative Agreement with Volvo Trucks North America

Fisker finalizes deal with Foxconn to make EVs in US

DETROIT (Reuters) — Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant’s location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn’s plant site… Continue reading Fisker finalizes deal with Foxconn to make EVs in US

Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023

The vehicle type has not been identified by Fisker, but will be based on a new lightweight platform – FP28 – designed by both companies. By Ben Klayman DETROIT: Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies… Continue reading Fisker finalizes deal with Foxconn to make EVs in U.S. starting in 2023

Yifan Li Joins Human Horizons as CFO

Mr. Li is a seasoned finance and accounting executive, and joins Human Horizons from Zhejiang Geely Holding Group (ZGH), a global mobility technology group headquartered in Hangzhou. As Vice President and Chief Financial Officer of the group, Mr. Li was responsible for financial strategy, corporate development and industrial ecology chain, having an integral role in… Continue reading Yifan Li Joins Human Horizons as CFO

Waymo to lose its CFO and head of automotive partnerships

Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships