PRAGUE/FRANKFURT, Dec 9 (Reuters) – Volkswagen AG (VOWG_p.DE) is postponing its decision on where to build a gigafactory for electric car batteries in eastern Europe beyond 2022, pointing to economic uncertainty and high energy prices in the region. “Volkswagen AG and its battery company PowerCo are continuously evaluating suitable sites for their next gigafactory in… Continue reading Volkswagen postpones decision on eastern Europe gigafactory – Reuters
Tag: Strategy
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Dec 31 (Reuters) – Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zenseact from ECARX, which made the AD software company a fully owned subsidiary of the Swedish automaker. Zenseact will continue to remain and… Continue reading Untitled
NWTN Delivers First Batch of Electric Vehicles to Client in the UAE
DUBAI, UAE, Dec. 30, 2022 /PRNewswire/ — NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today announced that it delivered 20 range-extended electric vehicles (“R-EEVs”) to M93 CAR RENTAL L.L.C (“M93 CAR RENTAL”) at its newly constructed facility in the Khalifa Economic Zones Abu Dhabi (“KEZAD”). The… Continue reading NWTN Delivers First Batch of Electric Vehicles to Client in the UAE
XCMG Delivers 100 Hydrogen-Fueled Trucks to Mengxi Zhenghe Group
XUZHOU, China, Dec. 29, 2022 /PRNewswire/ — XCMG, the world’s top 3 construction machinery manufacturers, has delivered a batch of 100 hydrogen-fueled trucks to the end client Mengxi Zhenghe Group to aid its construction of a mine near Ordos in China’s Inner Mongolia autonomous region, as part of the thousand-units hydrogen-fueled truck order that signed… Continue reading XCMG Delivers 100 Hydrogen-Fueled Trucks to Mengxi Zhenghe Group
Trip.com reflects on its part played in a year of recovery
Following its fifth anniversary campaign, Trip.com’s hugely popular 11.11 campaign generated savings for three million customers across fifteen major markets Bookings with the global travel service provider hit a new record, with year-on-year growth surging by 84% SINGAPORE, Dec. 29, 2022 /PRNewswire/ — 2022 saw Trip.com, the global travel platform, mark its fifth anniversary as it… Continue reading Trip.com reflects on its part played in a year of recovery
From ‘crypto winter’ to ‘ice age’? What does 2023 hold for digital assetsSome say it could take years to repair the damage 2022’s scandals have dealt …
Singapore-based Amber Group, a digital asset market maker, halted expansion and laid off more than 15% of its 1,000 employees in the second half of 2022. An exchange is where people trade cryptocurrencies, while market makers trade on behalf of clients. Annabelle Huang, managing partner at Amber Group, told Nikkei Asia that cutting jobs would… Continue reading From ‘crypto winter’ to ‘ice age’? What does 2023 hold for digital assetsSome say it could take years to repair the damage 2022’s scandals have dealt …
JIP yet to secure firm commitments from banks for Toshiba buyout: report
The preferred bidder for Toshiba Corp was not able finalise its planned 1.4 trillion yen ($10.61 billion) in financing for the acquisition as of Friday, two sources said, delaying into next year its effort to secure firm commitments from banks. Private equity firm Japan Industrial Partners (JIP) had been expected to secure commitments from Japan’s biggest banks… Continue reading JIP yet to secure firm commitments from banks for Toshiba buyout: report
India may review stance on Chinese investments to help firms relocate
The Indian government may review its stance on Chinese investments to help global firms looking to relocate to the country, CNBC-TV18 reported on Friday, citing government sources. Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world’s second-largest economy grapples with a surge in COVID-19 infections. Multinational companies are keen… Continue reading India may review stance on Chinese investments to help firms relocate
@GM: GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details
GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details 2022-12-21 DETROIT – General Motors Co. (NYSE: GM) will release its fourth-quarter and full-year 2022 financial results on Tuesday, Jan. 31, 2023, at approximately 6:30 a.m. ET, followed by a conference call for financial analysts at 8:30 a.m. ET. Financial materials will be available at… Continue reading @GM: GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details
German Manager Magazine: Henrik-Müller: What we can be proud of in 2022002216
Finally, the positive: The fact that things didn’t get much worse in 2022 was due to the remarkable resilience of Western societies. 2022 was really not a good year. But it offers some cause for optimism. You can build on that. We should make more of this experience. When we talked about the Outlook for… Continue reading German Manager Magazine: Henrik-Müller: What we can be proud of in 2022002216