At a recently held technical briefing, Toyota revealed plans for several new technologies, including next-gen EV batteries, aerodynamic drag reduction, and manufacturing upgrades to help transform the company in the electric era. After discovering a breakthrough, Toyota says it aims to offer solid-state state EV batteries that could potentially offer over 900 miles driving range.… Continue reading Toyota claims solid-state EV battery tech breakthrough could offer +900 miles driving range
Tag: Strategy
Toyota shares surge 5% after announcing plans for next-gen battery EVs
A display of Toyota electrified vehicles at the 2022 New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Shares of Japanese automaker Toyota spiked 5% Tuesday after the company announced it will introduce a full lineup of battery electric vehicles with “next generation” batteries from 2026. These will be developed and manufactured by… Continue reading Toyota shares surge 5% after announcing plans for next-gen battery EVs
Feds decline review of Chinese battery plant plans in Big Rapids, company says
Federal regulators have concluded they don’t have the proper jurisdiction to conduct a review of a planned $2.4 billion Chinese battery part manufacturing plant in the Big Rapids area, the company said in a Tuesday statement in which they committed to moving forward with the project. The U.S. Treasury Department, according to the statement, told… Continue reading Feds decline review of Chinese battery plant plans in Big Rapids, company says
Merchants Fleet second buyer for electric Ram ProMaster vans
Ram’s forthcoming all-electric ProMaster commercial van has another buyer. Merchants Fleet, a New Hampshire fleet management and rental provider, has agreed to purchase 12,500 of the battery-electric vans “over the next several years,” according to a news release. The electric van will make its debut later this year, becoming the first full EV from Stellantis… Continue reading Merchants Fleet second buyer for electric Ram ProMaster vans
SHARPER DETERIORATION IN GLOBAL DEMAND FOR RAW MATERIALS AND COMPONENTS SEES SPARE CAPACITY AT SUPPLIERS RISE FURTHER IN MAY: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
The latest data indicates fresh and broad-based signs of economic weakness as we head into the second half of 2023 Companies continue to make their stockpiles leaner amid weak demand and improve the supply of items Supplier capacity goes underutilized in all major markets, especially North America, regional data shows CLARK, N.J., June 13, 2023… Continue reading SHARPER DETERIORATION IN GLOBAL DEMAND FOR RAW MATERIALS AND COMPONENTS SEES SPARE CAPACITY AT SUPPLIERS RISE FURTHER IN MAY: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Mobility as a Service (MaaS) revealed as top trend for future of car rental market, finds Amadeus and Microsoft report
New report explores the top trends and challenges in the car rental market, including the shift towards MaaS, strategic alliances, autonomous vehicles, and big data Changing traveler expectations, legacy operational processes and increased competition are driving forces behind the transformation of the car rental industry LONDON, June 13, 2023 /PRNewswire/ — The car rental market… Continue reading Mobility as a Service (MaaS) revealed as top trend for future of car rental market, finds Amadeus and Microsoft report
BRAEMAR HOTELS & RESORTS ANNOUNCES EXTENSION OF MORTGAGE LOAN FOR 4-HOTEL PORTFOLIO
DALLAS, June 13, 2023 /PRNewswire/ — Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) announced that it has finalized an extension of its $435 million mortgage loan secured by four properties: The Notary Hotel, The Clancy, Sofitel Chicago Magnificent Mile, and Marriott Seattle Waterfront. The loan is being extended beyond its original… Continue reading BRAEMAR HOTELS & RESORTS ANNOUNCES EXTENSION OF MORTGAGE LOAN FOR 4-HOTEL PORTFOLIO
Sabre Announces Successful Completion of Previously Announced Private Financing and Settlement of Cash Tender to Strengthen Balance Sheet and Improve Free Cash Flow
Completes upsized financing from lenders led by affiliates of Centerbridge Partners, L.P. (“Centerbridge”) for $700 million new senior secured credit facility Settles tender offer by purchasing for cash $670 million in principal amount of 9.250% Senior Secured Notes due 2025 Transaction refinances significant portion of 2025 maturities and improves free cash flow generation via PIK… Continue reading Sabre Announces Successful Completion of Previously Announced Private Financing and Settlement of Cash Tender to Strengthen Balance Sheet and Improve Free Cash Flow
Carbon Fiber Tape Market Size Journey Growing at CAGR of 7.15% Propels it to USD 4.15 Billion by 2030 | Global Advancing with Resilience
NEW YORK, June 13, 2023 /PRNewswire/ — As per Zion Market Research study, The global carbon fiber tape market size was worth around USD 2.39 billion in 2022 and is predicted to grow to around USD 4.15 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.15% between 2023 and 2030. Report… Continue reading Carbon Fiber Tape Market Size Journey Growing at CAGR of 7.15% Propels it to USD 4.15 Billion by 2030 | Global Advancing with Resilience
@VW Group: Electric island Astypalea: Transformation of mobility fully underway007394
The island of Astypalea serves as a future laboratory for smart, sustainable mobility. As part of a joint project of the Volkswagen Group and the Hellenic Republic, it is to be gradually converted to e-mobility, digital mobility solutions and green energy. First results are positive: The new, digital mobility solutions are well established, 25 percent… Continue reading @VW Group: Electric island Astypalea: Transformation of mobility fully underway007394