New State Grant Awards Give Big Boost to Bay Area Rail Expansion, Modernization Projects

Transportation Leaders Applaud as Winners Include Caltrain, BART, VTA, SMART SAN FRANCISCO, Jan. 31, 2023 /PRNewswire/ — Metropolitan Transportation Commission (MTC) members and Bay Area transit leaders this afternoon thanked state legislators, Gov. Gavin Newsom and California State Transportation Agency (CalSTA) Secretary Toks Omishakin for their leadership in advancing a new generation of Bay Area… Continue reading New State Grant Awards Give Big Boost to Bay Area Rail Expansion, Modernization Projects

PayPal is laying off 2,000 employees

The cuts will affect 7 percent of the company’s total workforce. PayPal is about to become the latest tech company to lay off a substantial part of its workforce. The payments firm announced Tuesday plans to cut approximately 2,000 employees, a number that equates to about seven percent of its total staff. According to PayPal… Continue reading PayPal is laying off 2,000 employees

Calls for urgent rethink on London ULEZ extension

Motoring organisations and used-car experts have criticised the scope and value of the mayor of London’s recently announced vehicle scrappage scheme, intended to compensate drivers and residents in the forthcoming extended Ultra Low Emissions Zone (ULEZ) who will be forced to change their vehicles to avoid paying an emissions charge.  The extension to the London ULEZ is… Continue reading Calls for urgent rethink on London ULEZ extension

ZIM Introduces the New Thailand Fremantle Express Service (TFX)

Provides wider coverage to major ports in South-East Asia and Australia HAIFA, Israel, Feb. 01, 2023 /PRNewswire/ — ZIM Integrated Shipping Services announced today a new service covering major ports in South-East Asia and Australia, including the port of Fremantle in western Australia.  As part of ZIM’s ongoing efforts to provide an agile response to… Continue reading ZIM Introduces the New Thailand Fremantle Express Service (TFX)

Stoneridge Announces the Appointment of Jim Zizelman as President and Chief Executive Officer

Jon DeGaynor to Resign as President & Chief Executive Officer NOVI, Mich., Jan. 31, 2023 /PRNewswire/ — Stoneridge, Inc. (NYSE: SRI), today announced the appointment of Jim Zizelman as president and chief executive officer and member of the Stoneridge Board of Directors, effective immediately. Stoneridge’s current president and chief executive officer, Jon DeGaynor, has elected… Continue reading Stoneridge Announces the Appointment of Jim Zizelman as President and Chief Executive Officer

GM to invest $650 million in lithium mining company in US

General Motors said Tuesday it will jointly invest with Lithium Americas Corp. to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the United States and the third largest in the world. GM will make a $650 million equity investment in Lithium Americas, which GM CEO Mary Barra told Wall… Continue reading GM to invest $650 million in lithium mining company in US

GM to invest $650 million in lithium mining company in US

General Motors said Tuesday it will jointly invest with Lithium Americas Corp. to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the United States and the third largest in the world. GM will make a $650 million equity investment in Lithium Americas, which GM CEO Mary Barra told Wall… Continue reading GM to invest $650 million in lithium mining company in US

GM beats expectations for Q4 and full-year profits, sees continued gains in 2023

General Motors on Tuesday reported pretax profit gains of $1 billion in the fourth quarter to $3.79 billion. For the full-year, pretax profits rose to $14.5 billion compared with $14.3 billion in 2021. GM’s overall gains came from improved inventory of pickups and SUVs as parts constrictions eased. GM sold a total of 1.1 million… Continue reading GM beats expectations for Q4 and full-year profits, sees continued gains in 2023

@Ford: Ford Named to 2023 Bloomberg Gender-Equality Index

For the fifth consecutive year, Ford Motor Company is being recognized by the 2023 Bloomberg Gender-Equality Index for our progress on gender diversity and inclusion in the workplace. The index tracks the performance of public companies that disclose their efforts through policy development, representation, pay equity, culture and transparency. The framework was designed to bring transparency… Continue reading @Ford: Ford Named to 2023 Bloomberg Gender-Equality Index

Bosch agreed to acquire roughly 12 percent shares in Husqvarna in total

About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide (as of December 31, 2021). The company generated sales of 78.7 billion euros in 2021. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As… Continue reading Bosch agreed to acquire roughly 12 percent shares in Husqvarna in total