This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year that was previously announced. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement. Archer remains on track… Continue reading @Groupe PSA: PR Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone007669
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@FCA: Stellantis Invests Additional $55 Million in Archer Following Recent Flight Test Milestone
July 2, 2024 , Amsterdam and Santa Clara, Calif. – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the… Continue reading @FCA: Stellantis Invests Additional $55 Million in Archer Following Recent Flight Test Milestone
Bargain or burden? The truth about buying a Fisker Ocean
News that Fisker Group, the US electric car maker behind the Ocean SUV, has filed for Chapter 11 bankruptcy protection won’t have surprised many owners of its vehicles, who have been monitoring the company’s troubles in recent months. However, for those bold enough to seize the opportunity, this development opens up the prospect of bargains… Continue reading Bargain or burden? The truth about buying a Fisker Ocean
Lucius Partners Portfolio Company Algorithm Sciences, Inc. Closes on the Creation of a Majority Owned Subsidiary – Infusyn Therapeutics
Infusyn Therapeutics will manufacture and supply the Prometra II pump currently serving the Pain and Spasticity markets Secures long term supply agreement for the Prometra II pump used to deliver Pulmoprost, while increasing shareholder value Deal significantly reduces the operating expenses of Algorithm Sciences and concentrates the parent company’s efforts towards pursuit of an IND… Continue reading Lucius Partners Portfolio Company Algorithm Sciences, Inc. Closes on the Creation of a Majority Owned Subsidiary – Infusyn Therapeutics
Mahindra Scorpio N turns two, Scorpio brand sales surpass a million units
Launched on June 27, 2022, the Mahindra Scorpio N turns two years old today. The refined and premium Scorpio N, which doubles up as a tough workhorse, is an unmitigated success and has played a stellar role in Mahindra & Mahindra notching its best-ever 12-month wholesales of 459,877 units in FY2024. There was a lot… Continue reading Mahindra Scorpio N turns two, Scorpio brand sales surpass a million units
Valmet to supply both a papermaking line and a paper machine rebuild to a customer in Asia-Pacific
Valmet Oyj press release, June 26, 2024, at 11:30 a.m. EEST ESPOO, Finland, June 26, 2024 /PRNewswire/ — Valmet has received two orders from one of its major customers in Asia-Pacific. One order includes a complete papermaking line from stock preparation to reel and winders, a comprehensive automation solution package as well as spare parts… Continue reading Valmet to supply both a papermaking line and a paper machine rebuild to a customer in Asia-Pacific
Valmet to deliver a tissue machine to Andhra Paper in India
Valmet Oyj press release, June 25, 2024, at 9:30 a.m. EEST ESPOO, Finland, June 25, 2024 /PRNewswire/ — Valmet is to deliver an Advantage DCT100HS tissue line to Andhra Paper Limited for its Kadiyam mill in Andhra Pradesh, India. The new line is optimized to enhance production and reduce environmental footprint. The start-up is scheduled… Continue reading Valmet to deliver a tissue machine to Andhra Paper in India
New Energy Blue and ARCO/Murray partner to build biomass refineries to produce sustainable fuels and chemicals
LANCASTER, Pa. and CHICAGO, June 24, 2024 /PRNewswire/ — New Energy Blue, the clean-energy developer whose technology converts agricultural waste into lowest-carbon biofuels and biochemicals, and ARCO/Murray, one of America’s largest, most experienced, and fastest-growing construction firms, today announce a partnership to build out the New Energy Biomass Refinery designed platform across the American Midwest. … Continue reading New Energy Blue and ARCO/Murray partner to build biomass refineries to produce sustainable fuels and chemicals
Fisker faced financial distress as early as last August
Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO… Continue reading Fisker faced financial distress as early as last August
On Semiconductor (ON) Expands SiC Footprint in Czech Republic
On Semiconductor ON is expanding its footprint in Europe with an initiative, which is aimed at bolstering its capabilities in silicon carbide (SiC) manufacturing. The company recently announced its plans to invest up to $2 billion (44 billion CZK) in a vertically-integrated SiC manufacturing facility in the Czech Republic. The multi-year investment underscores ON’s commitment… Continue reading On Semiconductor (ON) Expands SiC Footprint in Czech Republic