AUBURN HILLS, Mich. , June 19, 2023 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and Eldor Corporation S.p.A. today announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject… Continue reading BorgWarner to Acquire Eldor Corporation’s Electric Hybrid Systems Business Segment
Tag: Strategy
Supernal and Qarbon Aerospace Partner on Future Scaled eVTOL Component Assembly
Major aerospace supplier will scale its rate-enabling manufacturing processes for Advanced Air Mobility industry PARIS, June 19, 2023 /PRNewswire/ — Supernal LLC (the Company) and Qarbon Aerospace, Inc. announced today a partnership to mature component welding techniques for future scaled production of electric vertical takeoff and landing (eVTOL) vehicles. This marks the first of two agreements… Continue reading Supernal and Qarbon Aerospace Partner on Future Scaled eVTOL Component Assembly
RIYADH AIR – NEW NATIONAL CARRIER FROM ARABIA ARRIVES IN PARIS TO SHOW THE WORLD THE FUTURE OF FLIGHT
PARIS, June 19, 2023 /PRNewswire/ — A new chapter in travel has arrived on the global stage with the world class, digitally-led airline Riyadh Air, making its international debut at the 54th bi-annual Paris Air Show. The Boeing 787-9 Dreamliner adorned with Riyadh Air’s unique livery touched down after a stunning fly-over the city of Riyadh for… Continue reading RIYADH AIR – NEW NATIONAL CARRIER FROM ARABIA ARRIVES IN PARIS TO SHOW THE WORLD THE FUTURE OF FLIGHT
Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
Michelin, the French multinational tyre manufacturing company and French PE firm IDI have reached an agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million. The French auto supplier said that buying the Paris-based engineer of fabrics and films will increase its high-tech materials business revenue by around 20%. The agreement… Continue reading Michelin reaches agreement to acquire Flex Composite Group for an enterprise value of Euro 700 million
EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More
In a major development in the electric vehicle (EV) space, last week several EV charging companies like Blink Charging, ChargePoint, EVgo, Tritium and Wallbox announced plans to offer chargers featuring Tesla‘s TSLA connector, marking a significant turn away from the standard Combined Charging System (CCS) connector. The shift in industry preference can be attributed to the advantageous design of Tesla’s… Continue reading EV Roundup: TSLA’s NACS Wave, NKLA’s Cost Optimization Drive & More
Europe in danger of losing EV battery race – Court of Auditors
BRUSSELS, June 19 (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse as access to raw materials remains a major roadblock along with rising costs and fierce competition, a report by the European Court of Auditors (ECA) said on Monday. The report warned that the European Union may… Continue reading Europe in danger of losing EV battery race – Court of Auditors
Global Vehicle Parking Meter Market Size Anticipated to Reach USD 8.42 Billion By 2032, at a CAGR of 4.71%: Polaris Market Research
NEW YORK, June 19, 2023 /PRNewswire/ — A latest research report [115+] pages with 360-Degree visibility, titled “Vehicle Parking Meter Market Share, Size, Trends, Industry Analysis Report, By Product Type (Legacy Meters, and Smart Meters); By End-Use; By Technology; By Region; Segment Forecast, 2023- 2032” published by Polaris Market Research in its research repository. “According to… Continue reading Global Vehicle Parking Meter Market Size Anticipated to Reach USD 8.42 Billion By 2032, at a CAGR of 4.71%: Polaris Market Research
@FCA: Stellantis, Archer Move Partnership From Concept Phase to Execution Phase
June 19, 2023 , Le Bourget, France – Archer Aviation Inc. (NYSE: ACHR) and Stellantis N.V. today announced progress in their strategic manufacturing partnership at the 2023 Paris Air Show. With construction now well underway on the world’s first high-volume eVTOL aircraft manufacturing facility located on an approximately 100-acre campus in Covington, Georgia, Stellantis recently increased its… Continue reading @FCA: Stellantis, Archer Move Partnership From Concept Phase to Execution Phase
Pratt & Whitney on track to complete F135 Engine Core Upgrade preliminary design review and move into detailed design phase in early 2024
PARIS, June 19, 2023 /PRNewswire/ — PARIS AIR SHOW — Pratt & Whitney, an RTX (NYSE: RTX) business, is on track to complete the F135 Engine Core Upgrade preliminary design review (PDR) and move into the detailed design phase in early 2024. To meet this timeline, the company has more than doubled the F135 ECU team from… Continue reading Pratt & Whitney on track to complete F135 Engine Core Upgrade preliminary design review and move into detailed design phase in early 2024
Preparing for Public Offering, Arrive Secures Nasdaq Ticker Symbol: ARRV
Indianapolis smart mailbox maker has raised nearly $8 million as it readies to go to market INDIANAPOLIS, June 19, 2023 /PRNewswire/ — Arrive, the smart mailbox company formerly known as Dronedek, today announced that it has secured the ticker symbol “ARRV” as it plans a public offering and listing on the Nasdaq. “It’s no secret… Continue reading Preparing for Public Offering, Arrive Secures Nasdaq Ticker Symbol: ARRV