German company Freudenberg Sealing Technologies has increased its stake in Midland, Mich.-based XALT Energy from 31% in March 2018 to more than 50%, becoming a majority stakeholder of the company. Within a few years, Freudenberg intends to acquire the remaining shares. XALT Energy is a small lithium-ion battery developer and manufacturer, which supplies batteries, for example, for New… Continue reading Freudenberg Acquires Lithium Battery Maker XALT Energy
Tag: Strategy
Bosch boosts its AI expertise: center for data science and AI opens at leading Indian University of Madras
About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). According to preliminary figures, the company generated sales from operations of 77.9 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods,… Continue reading Bosch boosts its AI expertise: center for data science and AI opens at leading Indian University of Madras
President and Chief Operating Officer Duane Hughes to Chief Executive Officer
Workhorse Group Promotes President and Chief Operating Officer Duane Hughes to Chief Executive Officer CINCINNATI, Feb. 05, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has promoted President and Chief Operating Officer… Continue reading President and Chief Operating Officer Duane Hughes to Chief Executive Officer
Daimler cuts dividend as downturn, R&D costs hit Mercedes
STUTTGART (Reuters) – Daimler cut its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, hit by trade wars, rising costs for developing electric cars and an industry downturn that has dented even the most profitable carmakers. Daimler said the return on sales at Mercedes-Benz cars fell to 7.3 percent in the fourth… Continue reading Daimler cuts dividend as downturn, R&D costs hit Mercedes
UK moves towards driverless car tests without safety drivers
The UK government has announced it’s working on a process to support so-called ‘advanced trials’ of autonomous vehicles — i.e. trials without human safety drivers. It also says it will be beefing up the existing Code of Practice for testing driverless cars to provide a framework to support the evolution of the tech, saying it’s on… Continue reading UK moves towards driverless car tests without safety drivers
Uber Freight co-founders and top dealmakers join logistics startup Turvo
Last year, Charlie Bergevin and Brian Cristol, co-founders of Uber’s trucking logistics business Uber Freight, heard Reid Hoffman say Turvo had some of the best technology he had ever seen. Frustrated with the direction Uber Freight had taken, they called up Turvo’s founder and chief executive officer Eric Gilmore. It wasn’t long before offers were on… Continue reading Uber Freight co-founders and top dealmakers join logistics startup Turvo
Enterprise Holdings completes the purchase of the Deem travel management platform
Posted 06/02/2019 11: 32: 02CET MADRID, 6 Feb. (EUROPA PRESS) – Vehicle rental multinational Enterprise Holdings has completed the acquisition of Deem, a technology innovation platform for travel management, the company said in a statement. Deem includes Deem Work Fource and Deem Ground Work, a suite of ‘online’ booking tools and technology products aimed at… Continue reading Enterprise Holdings completes the purchase of the Deem travel management platform
Daimler, Geely in talks to expand cooperation into a “bigger dimension”
STUTTGART, Germany, Feb 6 (Reuters) – Daimler Chief Executive Dieter Zetsche on Wednesday said the carmaker is in talks about deepening its cooperation with China’s Geely , even as German politicians draw up measures to protect German industry from foreign rivals. In October last year Daimler said it was setting up a ride-hailing joint venture… Continue reading Daimler, Geely in talks to expand cooperation into a “bigger dimension”
Bet everything on electric: Inside Volkswagen’s radical strategy shift
WOLFSBURG, Germany (Reuters) – If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history. FILE PHOTO: An autonomous Volkswagen I.D. Crozz concept vehicle is shown at the Los Angeles Auto Show in Los… Continue reading Bet everything on electric: Inside Volkswagen’s radical strategy shift
Working Out Loud
About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). According to preliminary figures, the company generated sales from operations of 77.9 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods,… Continue reading Working Out Loud