Improvement of the earnings structure for automobile business:The amount of fixed costs for FY2023 (fiscal year ended March 31, 2023) was reduced by more than 10% compared to FY2019. The break-even point for FY2023 based on the percentage of production capacity utilization was roughly 80%, an improvement from roughly 90% in FY2019. Honda will strive… Continue reading @Honda: Summary of 2023 Honda Business Briefing – Honda’s corporate transformation initiatives including electrification –
Tag: Strategy
@Honda: POSCO and Honda Begin Exploring Comprehensive Partnership Toward the Realization of Carbon Neutrality
POSCO Holdings Inc.Honda Motor Co, Ltd. SEOUL, South Korea/TOKYO, Japan, April 11, 2023 – POSCO Holdings Inc. (POSCO) and Honda Motor Co., Ltd. (Honda) today announced that they have begun exploring a comprehensive partnership toward the realization of carbon neutrality. The two companies reached this agreement based on their belief that it is necessary for… Continue reading @Honda: POSCO and Honda Begin Exploring Comprehensive Partnership Toward the Realization of Carbon Neutrality
[Executive Corner] Innovating for the Future Through Collaboration
May 11, 2023 [Executive Corner] Innovating for the Future Through Collaboration Open share list Share this content. Technology advancements are the drivers of our global community. They have and continue to pave the way to the future. With recent discussions on the pace of technology developments and debates over the benefits and drawbacks of rapid… Continue reading [Executive Corner] Innovating for the Future Through Collaboration
Daimler Truck subsidiary plans autonomous trucking pilot in the US
Torc Robotics, an independent subsidiary of Daimler Truck and a pioneer in commercialising self-driving vehicle technology, has announced its strategic collaboration with C. R. England, one of North America’s leading transportation companies. Torc and C.R. England will implement a pilot program leveraging C.R. England’s temperature-controlled loads and Torc’s fleet of SAE Level 4 autonomous test trucks for… Continue reading Daimler Truck subsidiary plans autonomous trucking pilot in the US
GM Envolve launches as a one-stop shop to help fleets go electric
On Wednesday, General Motors launched its newest business unit, GM Envolve. The goal is to utilize all aspects of GM to create a new, all-in-one user experience enabling commercial and fleet customers to transition to electric seamlessly. GM launches Envolve enabling fleets to go electric After its fifth straight quarter of growth (+27% YOY) in… Continue reading GM Envolve launches as a one-stop shop to help fleets go electric
nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’
nShift identified as a Notable Vendor in the report. The European TMS market is forecast to grow at a five-year CAGR of 5.3%, with a forecast spend through 2026 of $485 million. LONDON, May 9, 2023 /PRNewswire/ — Gartner, a company delivering actionable, objective insight to executives and their teams has named nShift as a… Continue reading nShift named in 2023 Gartner® Europe Context: ‘Magic Quadrant™ for Transportation Management Systems’
Ravin AI Secures Investment from IAG Firemark Ventures to Provide AI-Powered Vehicle Inspection Solutions for Retail Customers & Commercial Fleets
Ravin AI and IAG to work together to explore deployment of Ravin’s AI-powered visual inspection solutions across a range of IAG’s insurance brands to streamline the condition assessment, maintenance and repair of vehicles and commercial motor fleets. TEL AVIV, Israel, May 11, 2023 /PRNewswire/ — Ravin AI, a leader in deep learning vehicle inspection technology,… Continue reading Ravin AI Secures Investment from IAG Firemark Ventures to Provide AI-Powered Vehicle Inspection Solutions for Retail Customers & Commercial Fleets
Google makes it easier to build sleek Android TV apps
The Compose for TV framework should make life better for developers. Expect to see better looking Android TV apps, as well as more offerings from developers, in the future. At Google I/O today, the company announced the alpha version of Compose for TV, a framework that will make it easier to build attractive Android TV… Continue reading Google makes it easier to build sleek Android TV apps
Geely and Changan in strategic alliance for drivetrains, platforms, tech
Zhejiang Geely Holding Group (Geely Group) and Chongqing Changan Automobile Co (Changan Automobile) have signed a strategic cooperation framework agreement. The two companies plan to explore strategic cooperation opportunities around new energy technologies, vehicle intelligence, new energy powertrains, overseas development, mobility, and industrial ecology. The partnership agreement, signed on May 9, also aims to “jointly… Continue reading Geely and Changan in strategic alliance for drivetrains, platforms, tech
17:11 ETDana Prices €425 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…
MAUMEE, Ohio, May 10, 2023 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l. (the “Issuer”), has priced its offering of €425 million aggregate principal amount of 8.500% Senior Notes due 2031 (the “2031 Notes”). The 2031 Notes will be fully and unconditionally guaranteed by Dana. Dana… Continue reading 17:11 ETDana Prices €425 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…