SEOUL, July 21 (Reuters) – Tesla (TSLA.O) CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits. “It does make sense to sacrifice margins in favor of making more vehicles,” Musk said on Wednesday,… Continue reading Analysis: Tesla taps Biden tax credits to offset EV price cuts
Tag: Strategy
United Grows Its Electric Battery Portfolio with Investment in EPS
Electric Power Systems (EPS) modules are technology that could be compatible with and used in support of United’s future decarbonizing investments United is targeting EPS modules for potential use in airline’s current ground operations, while eyeing an all-electric flight academy in the future CHICAGO, July 21, 2023 /PRNewswire/ — United today announced an investment in… Continue reading United Grows Its Electric Battery Portfolio with Investment in EPS
Accor accelerates in Japan with agreement to operate 23 properties
ACCOR SIGNS MILESTONE AGREEMENT WITH EBISU RESORT LLC, WITH 23 PROPERTIES SET TO JOIN THE GROUP’S HOTEL NETWORK BY Q2 2024 PARIS, July 21, 2023 /PRNewswire/ — Accor’s presence in Japan is set to double while hotel openings gain momentum throughout the region. With travel and tourism surging once again on a global scale, countries… Continue reading Accor accelerates in Japan with agreement to operate 23 properties
Global Airlines Appoints Liam McKay as International Corporate Affairs Chief
Liam McKay, former London City Airport Director of Corporate Affairs joins the UK’s newest airline to lead communications, government relations and ESG (Environmental, Social and Governance). Global is set to launch its first transatlantic services from London Gatwick in 2024. LONDON, July 21, 2023 /PRNewswire/ — Global Airlines, the world’s newest long-haul airline, has announced the appointment of Liam McKay… Continue reading Global Airlines Appoints Liam McKay as International Corporate Affairs Chief
Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
Improvements in battery software can allow for a smaller battery without reducing a vehicle’s range LONDON, July 20, 2023 /PRNewswire/ — Advanced Battery Management System (BMS) software could save automakers US$18 billion annually in 2030, equivalent to US$76 billion cumulatively from 2024. New research from global technology intelligence firm ABI Research finds that intelligent BMS software… Continue reading Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030
UAW seeks Washington backing to pressure Detroit Three automakers in labor talks
WASHINGTON, July 21 (Reuters) – United Auto Workers President Shawn Fain has made winning the support of Washington a key part of the union’s strategy to nail down new labor deals with the Detroit Three automakers. Part of that approach includes a decision by the UAW to hold off on endorsing U.S. President Joe Biden’s… Continue reading UAW seeks Washington backing to pressure Detroit Three automakers in labor talks
Indonesia’s new state-backed crypto bourse marks a milestone for the sector
Indonesia’s Commodity Futures Trading Supervisory Body (Bappebti) has officially launched the country’s first crypto exchange, PT Bursa Komoditi Nusantara, the regulator said on Thursday. Bappebti also appointed PT Kliring Berjangka Indonesia as a futures clearing house for the guarantee and settlement of physical crypto assets, while PT Tennet Depository Indonesia has been appointed as a crypto… Continue reading Indonesia’s new state-backed crypto bourse marks a milestone for the sector
Malaysian telecom firms complete talks to pick stakes in state 5G agency DNB
Malaysia said on Friday telecommunications firms CelcomDigi, Maxis, Telekom Malaysia, U Mobile and YTL Communications will take up stakes in state 5G agency Digital Nasional Berhad (DNB), following an agreement reached between the firms and the government on equity participation and 5G access. The announcement comes as mobile operators and the government look set to… Continue reading Malaysian telecom firms complete talks to pick stakes in state 5G agency DNB
Travelier Achieves 150% Growth Between H1 2022 and H1 2023
The groups’ expansion will be key to redefining the ground transportation sector TEL AVIV, Israel, July 19, 2023 /PRNewswire/ — Travelier (formerly Bookaway Group), a travel-tech company digitizing land and sea transportation around the world, today announced an overall growth of 150% between H1 2022 and H1 2023. Attributing the success to global cross brand inventory-sharing… Continue reading Travelier Achieves 150% Growth Between H1 2022 and H1 2023
Dayco and Physis strengthen their partnership to deliver world-class hybrid electric vehicle modules
ROSEVILLE, Mich., July 19, 2023 /PRNewswire/ — Dayco, a leading global manufacturer of engine products and drive systems for automotive, heavy-duty, and industrial markets, is strengthening its hybrid electric partnership with its strategic partner Ningbo Physis Technology Co., Ltd. (Physis), a global leader in the design and manufacture of world-class products and solutions for the… Continue reading Dayco and Physis strengthen their partnership to deliver world-class hybrid electric vehicle modules