STOCKHOLM, Feb. 1, 2023 /PRNewswire/ — Loomis has signed an agreement with Xos, Inc. (NASDAQ: XOS) for the delivery of 150 armored electric vehicles (EVs) for the US market. By the end of 2022, Loomis had 20 armored EVs in the US from the same supplier, that successfully met the high-performance requirements in terms of safety,… Continue reading Loomis orders 150 electric armored vehicles from Xos for the US market
Tag: Strategy
VW Won’t Cut EV Prices To Match Tesla, CEO Says – CarScoops
Oliver Blume said firms that chop and change prices would lose credibility by Chris Chilton 18 hours ago by Chris Chilton Tesla’s decision to slash EV prices sent shockwaves through the industry, but Volkswagen isn’t about to crumble and follow suit. That’s according to CEO Oliver Blume who has ruled out any price cuts for… Continue reading VW Won’t Cut EV Prices To Match Tesla, CEO Says – CarScoops
GM shoves aside recession fears with robust 2023 forecast – Yahoo News Canada
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected earnings for 2023 and said it would cut $2 billion in costs. The automaker, the top in the United States by sales, forecast that it could… Continue reading GM shoves aside recession fears with robust 2023 forecast – Yahoo News Canada
JUST CLIMATE ANNOUNCES ITS FIRST THREE INVESTMENTS
ABB E-mobility, H2 Green Steel and Meva Energy have the potential to accelerate sector-wide decarbonisation across the hardest-to-abate sectors LONDON, Feb. 1, 2023 /PRNewswire/ — Just Climate, an investment business created by Generation Investment Management to address the net-zero challenge at scale, has today announced three investments in ABB E-mobility, H2 Green Steel and Meva… Continue reading JUST CLIMATE ANNOUNCES ITS FIRST THREE INVESTMENTS
Tau concludes €9m series-B round to scale up production for e-mobility
The round, led by Solvay Ventures, is joined by existing investors including Finindus and happens in parallel with Tau’s commercial breakthrough with automotive customers TURIN, Italy and BERLIN, Feb. 1, 2023 /PRNewswire/ — Technology company Tau has concluded a series-B round raising €9 million with Solvay Ventures as a lead investor. Solvay Ventures is joined… Continue reading Tau concludes €9m series-B round to scale up production for e-mobility
Tau concludes €9m series-B round to scale up production for e-mobility
The round, led by Solvay Ventures, is joined by existing investors including Finindus and happens in parallel with Tau’s commercial breakthrough with automotive customers TURIN, Italy and BERLIN, Feb. 1, 2023 /PRNewswire/ — Technology company Tau has concluded a series-B round raising €9 million with Solvay Ventures as a lead investor. Solvay Ventures is joined… Continue reading Tau concludes €9m series-B round to scale up production for e-mobility
Acura Wins Third Consecutive Rolex 24 at Daytona
Acura claims first victory in new, electrified IMSA GTP sports car racing era Meyer Shank Racing, Wayne Taylor Racing with Andretti Autosport repeat 2022’s 1-2 sweep of the 24-hour endurance racing classic Acura ARX-06 wins in competition debut with hybrid powertrain DAYTONA BEACH, Fla., Feb. 1, 2023 /PRNewswire/ — Defending Rolex 24 at Daytona and… Continue reading Acura Wins Third Consecutive Rolex 24 at Daytona
New State Grant Awards Give Big Boost to Bay Area Rail Expansion, Modernization Projects
Transportation Leaders Applaud as Winners Include Caltrain, BART, VTA, SMART SAN FRANCISCO, Jan. 31, 2023 /PRNewswire/ — Metropolitan Transportation Commission (MTC) members and Bay Area transit leaders this afternoon thanked state legislators, Gov. Gavin Newsom and California State Transportation Agency (CalSTA) Secretary Toks Omishakin for their leadership in advancing a new generation of Bay Area… Continue reading New State Grant Awards Give Big Boost to Bay Area Rail Expansion, Modernization Projects
PayPal is laying off 2,000 employees
The cuts will affect 7 percent of the company’s total workforce. PayPal is about to become the latest tech company to lay off a substantial part of its workforce. The payments firm announced Tuesday plans to cut approximately 2,000 employees, a number that equates to about seven percent of its total staff. According to PayPal… Continue reading PayPal is laying off 2,000 employees
Calls for urgent rethink on London ULEZ extension
Motoring organisations and used-car experts have criticised the scope and value of the mayor of London’s recently announced vehicle scrappage scheme, intended to compensate drivers and residents in the forthcoming extended Ultra Low Emissions Zone (ULEZ) who will be forced to change their vehicles to avoid paying an emissions charge. The extension to the London ULEZ is… Continue reading Calls for urgent rethink on London ULEZ extension