London, UK – 17 August 2023 Lotus today has announced the appointment of Ben Payne as Vice-President of Design at Lotus Group. Ben most recently led the team responsible for the design development of the Eletre hyper-SUV, the company’s first vehicle beyond traditional sports cars, marking a key milestone for the business on its journey to… Continue reading @Geely: Thu 17 Aug 2023Ben Payne appointed Vice-President of Design Lotus Group 1 | 1 | 0 Lotus today has announced the appointment of Ben Pa…
Tag: Strategy
US-based Tyson Foods plans to sell China poultry business
US meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired Goldman Sachs to advise on the sale and sent preliminary information to… Continue reading US-based Tyson Foods plans to sell China poultry business
Footwear maker Bata India in talks with Adidas for strategic partnership: report
Footwear manufacturer Bata India is in talks with sportswear giant Adidas for a strategic partnership, CNBC-TV18 reported on Thursday, citing sources. The retailer, which houses brands such as Hush Puppies and Scholl, is likely to tie up with Adidas for the Indian market, as per the report. Bata India, the flagship of Netherlands-based Bata BN,… Continue reading Footwear maker Bata India in talks with Adidas for strategic partnership: report
Ball Announces Agreement to Sell Aerospace Business for $5.6 Billion
Price represents 19.6x Ball Aerospace’s LTM comparable EBITDA (as of June 30, 2023) Net proceeds accelerate deleveraging, share repurchases and drive significant EVA® accretion Creates a focused, high-margin global aluminum packaging leader Enables acceleration of low-carbon, best-value aluminum packaging initiatives to enhance organic growth across global packaging operations BAE Systems well-positioned to invest in Ball Aerospace in… Continue reading Ball Announces Agreement to Sell Aerospace Business for $5.6 Billion
Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
Assembly Ventures has built the first transatlantic venture capital platform to invest in cutting-edge technologies in the mobility sector. Founded by trailblazers in the mobility sector with strong operational and investment credentials, this brings total assets under management on the platform to $94 million after closing. Substantial investment potential seen in mobility technologies is driven… Continue reading Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
Cleantechnica: Tesla Semi Real World Report, Standard Range Model S vs Model X Introduced 002962
Tesla, as we all know, is very tight lipped about anything having to do with the performance or specifications of its coming vehicles. What we do know (or think we know) is that it has delivered 36 Tesla Semi Class 8 tractors to PepsiCo and Frito-Lay in California. 21 of them are in use at… Continue reading Cleantechnica: Tesla Semi Real World Report, Standard Range Model S vs Model X Introduced 002962
EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
A new report from SMS looks at the current experience of public EV charging and what needs to be done to get it ‘fit for the future’ LONDON, Aug. 16, 2023 /PRNewswire/ — UK public electric vehicle (EV) charging needs a major reboot if it’s going to be ‘fit for our EV future’, a new report… Continue reading EV Charge Anxiety: 67 percent of UK EV drivers prepared to pay to reserve a charging bay
FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
“The CEC is playing a huge role to transition the state of California, and the world, away from fossil fuels. It’s truly an honor to continue our partnership with the CEC to make zero emissions transportation a reality,” said Joel Ewanick, Founder and Chief Executive officer of FEF. FEF’s manufacturing facility in Santa Ana currently… Continue reading FirstElement Fuel, the World-Leading Provider of Hydrogen Refueling Solutions, is Awarded $7.7 Million from the California Energy Commission to Scale up its Manufacturing Capacity
Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization
Delivered $159 million of Adjusted EBITDA(1) on $414 million of revenue, resulting in an Adjusted EBITDA Margin(1) of 38.4%, and net income of $94 million, or $1.16 per diluted share Closed Aquadrill transaction on April 3, increasing contracted floater count for the quarter by four to 12 After the quarter, successfully issued $575 million of 8.375%… Continue reading Seadrill Announces Second Quarter 2023 Results and $250 Million Share Repurchase Authorization
Plaza Premium Group Achieves Remarkable Growth with Crimtan’s Targeted Advertising Solutions
The partnership drove a 37% increase in new customers in the first month Highest new customer growth rate in a month was 187% SINGAPORE, Aug. 15, 2023 /PRNewswire/ — Plaza Premium Group, the global leader in integrated airport hospitality experiences, announced the results of a successful partnership with Crimtan, the pioneer of lifecycle marketing for programmatic… Continue reading Plaza Premium Group Achieves Remarkable Growth with Crimtan’s Targeted Advertising Solutions