A closely watched annual report on the auto industry says product planners will soon be facing one of the most challenging stretches in history as they try to juggle a looming electric vehicle transition. But the 45-page “Car Wars 2024-2027” report released this week from BofA Global Research, which is part of Bank of America,… Continue reading ‘Car Wars’ report: Next 4 years could be ‘uncertain and volatile’ for Detroit Three
Tag: Strategy
Saudi Arabia’s strategic plans to safeguard food security for pilgrims
MECCA, Saudi Arabia, June 21, 2023 /PRNewswire/ — Saudi Arabia has successfully managed to achieve an excellent status in the framework of realizing self-sufficiency for several necessary food products before taking up the task of securing food for millions of visiting pilgrims coming from different countries of the world. According to the head of catering… Continue reading Saudi Arabia’s strategic plans to safeguard food security for pilgrims
Xiamen Airlines, Airbus in tie-up to advance sustainable development across aviation industry
XIAMEN, China, June 21, 2023 /PRNewswire/ — On June 21, Xiamen Airlines and Airbus announced a strategic partnership focused on sustainable development during the Paris Air Show. The partnership aims to enhance collaboration in advancing sustainability within the civil aviation sector. Both parties are committed to supporting the United Nations Sustainable Development Goals (SDGs) and… Continue reading Xiamen Airlines, Airbus in tie-up to advance sustainable development across aviation industry
Shared Mobility Market Overview: Ride Hailing And Sharing Services To Drive Growth At A Rate Of More Than 12% – By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032 LONDON, June 21, 2023 /PRNewswire/ — As per The Business Research Company’s Shared Mobility Global Market Report 2023, the global shared mobility market size will grow from $271.9 billion in 2022… Continue reading Shared Mobility Market Overview: Ride Hailing And Sharing Services To Drive Growth At A Rate Of More Than 12% – By The Business Research Company
SKF announces electric aviation agreement with Lilium
SKF leads the way in bearing provision for the electric aircraft market GOTHENBURG, Sweden, June 21, 2023 /PRNewswire/ — SKF is today announcing that a supplier agreement has been signed with Lilium, developer of the first all-electric vertical take-off and landing (eVTOL) jet. SKF has supported Lilium on the design of electric motor bearings for… Continue reading SKF announces electric aviation agreement with Lilium
GM hires new top Democratic lobbyist
Washington — General Motors Co. hired Eric Feldman as the Detroit automaker’s senior lobbyist working with Democrats, the company said Friday. Feldman, a Michigan native, will join the company as executive director for federal affairs beginning Monday. He most recently led Airbnb’s federal and international affairs team and, before that, worked as chief of staff… Continue reading GM hires new top Democratic lobbyist
UAW president slams Biden administration for loan to Ford-SK battery plants
United Auto Workers President Shawn Fain on Friday blasted the historic, $9.2 billion Department of Energy loan to Ford Motor Co. and South Korean battery maker SK On Co. as an example of the federal government “actively funding the race to the bottom with billions in public money.” “These companies are extremely profitable and will… Continue reading UAW president slams Biden administration for loan to Ford-SK battery plants
@Fisker: Fisker Makes First 22 Deliveries of Fisker Ocean SUV to Customers in the United States 000136
LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, will today begin making its first deliveries of the Fisker Ocean SUV to customers in the US. “We have been waiting for this moment ever since we started the development of the Fisker Ocean… Continue reading @Fisker: Fisker Makes First 22 Deliveries of Fisker Ocean SUV to Customers in the United States 000136
Hagerty Raises $105 Million in Capital from Strategic Investors
Proceeds for Profitable Growth Initiatives TRAVERSE CITY, Mich., June 23, 2023 /PRNewswire/ — Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced that the company is raising $105 million in capital from existing strategic investors including State Farm, Markel Group and… Continue reading Hagerty Raises $105 Million in Capital from Strategic Investors
@Toyota: Toyota Renews Commitment to Rebelle Rally for 2023
Fielding six competition teams with twelve participants in this year’s event Once again, the presenting sponsor of the event’s Live Webcast PLANO, Texas (June 23, 2023) – Toyota Motor North America (TMNA) announced today the renewal of its commitment to Rebelle Rally, the premier women-only, off-road navigation rally. For 2023, Toyota will have a total… Continue reading @Toyota: Toyota Renews Commitment to Rebelle Rally for 2023