Stellantis Announces $99 Million Total Investment for New Engine Production at Three North American Plants Company to produce new four-cylinder turbo engine Investments will be made at Dundee (Michigan) Engine, Kokomo (Indiana) Casting and Etobicoke (Toronto) Casting New engine designated for HEV applications for future North American models Investment supports company’s Dare Forward 2030 long-term… Continue reading @FCA:
Tag: Strategy
Abu Dhabi’s Department of Municipalities and Transport Accelerates Smart Transport Project, Paving the Way for a Sustainable and Eco-Friendly Future
The Project Provides Residents on Yas and Saadiyat Islands with 8 Robotaxis and 4 Minibuses, Serving Over 5,000 Registered Users and Fulfilling 17,000 Orders ABU DHABI, UAE, Aug. 8, 2023 /PRNewswire/ — In line with the vision of the wise leadership to make Abu Dhabi’s cities smarter and more sustainable, the Integrated Transport Centre (ITC) of the Abu… Continue reading Abu Dhabi’s Department of Municipalities and Transport Accelerates Smart Transport Project, Paving the Way for a Sustainable and Eco-Friendly Future
TransDigm Group Reports Fiscal 2023 Third Quarter Results
CLEVELAND, Aug. 8, 2023 /PRNewswire/ — TransDigm Group Incorporated (NYSE: TDG), a leading global designer, producer and supplier of highly engineered aircraft components, today reported results for the third quarter ended July 1, 2023. Third quarter highlights include: Net sales of $1,744 million, up 25% from $1,398 million in the prior year’s quarter; Income from continuing… Continue reading TransDigm Group Reports Fiscal 2023 Third Quarter Results
Beond Holding Successfully Closes Over US$17M Seed Round to Establish World’s First Premium Leisure Airline
DUBAI, UAE, Aug. 8, 2023 /PRNewswire/ — Beond, the world’s first premium leisure airline, is pleased to announce the successful completion of over US$17M Seed Round from a group of esteemed investors. The round was oversubscribed, reflecting the strong confidence and belief in Beond’s vision and potential. Participants included family offices, angel investors, and strategic… Continue reading Beond Holding Successfully Closes Over US$17M Seed Round to Establish World’s First Premium Leisure Airline
VerifyMe Reports Second Quarter 2023 Financial Results
Quarterly revenue of $5.3 million in Q2 2023, compared to $4.5 million in Q2 2022 Net loss of $0.9 million in Q2 2023, compared to a net loss of $12.6 million in Q2 2022 (inclusive of write off of $11.2 million related to the SPAC) Adjusted EBITDA(1) of ($0.4) million in Q2 2023, primarily due… Continue reading VerifyMe Reports Second Quarter 2023 Financial Results
CIVITAS ANNOUNCES SENIOR LOAN CLOSE IN EMBASSY SUITES CHICAGO NAPERVILLE TRANSACTION
DALLAS, Aug. 10, 2023 /PRNewswire/ — Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, today announced that it has closed a senior loan on the 168-key Embassy Suites by Hilton Chicago Naperville hotel located in Naperville, Illinois, a western suburb of Chicago. This loan will be used to… Continue reading CIVITAS ANNOUNCES SENIOR LOAN CLOSE IN EMBASSY SUITES CHICAGO NAPERVILLE TRANSACTION
Steve Sizemore Joins Avion Solutions as Director of Business Development
HUNTSVILLE, Ala., Aug. 10, 2023 /PRNewswire/ — Avion Solutions, Inc. is pleased to announce that Steve Sizemore has joined the company as Director of Business Development. After 37 years in Federal service, Steve recently retired as Deputy Director of GSA’s Multiple Award Schedule (MAS) Program Management Office (PMO). During his tenure, he held various roles… Continue reading Steve Sizemore Joins Avion Solutions as Director of Business Development
Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
BERLIN, Aug. 10, 2023 /PRNewswire/ — Heramba GmbH and Heramba Holdings Inc. (“Heramba”) today announced that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Continue Reading Kiepe Electric is a global leader in the electrification of road and… Continue reading Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
BERLIN, Aug. 10, 2023 /PRNewswire/ — Heramba GmbH and Heramba Holdings Inc. (“Heramba”) today announced that it has entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Kiepe Electric is a global leader in the electrification of road and rail urban… Continue reading Heramba to Acquire Kiepe Electric, A Global Leader in Sustainable Urban Transportation
Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery
New Financing brings total capital raised to $56 million since starting in 2021 Participation from strategic investors, including Uber Technologies, Inc. (“Uber”) and NVIDIA, will support deployment of up to 2,000 new AI-powered sidewalk delivery robots SAN FRANCISCO, Aug. 10, 2023 /PRNewswire/ — Serve Robotics, Inc. (“the Company” or “Serve”), the leading autonomous sidewalk delivery company,… Continue reading Serve Robotics Inc. Announces Go-Public Transaction and $30 Million Financing to Support Scaling of Robotic Delivery