Arrival, the electric vehicle manufacturer that aims to break up the assembly line in favor of multiple microfactories, is investing $11.5 million to build a high-voltage battery module assembly plant in Charlotte, North Carolina. The plant will provide batteries for electric buses and vans produced at the company’s microfactories in Rock Hill, South Carolina and… Continue reading EV maker Arrival to build high-voltage battery module assembly plant in North Carolina
Tag: Financial Results
Marshall board recommends accepting Constellation takeover bid
The Board of Marshall Motor Holdings (MMH) has given an update to the takeover bid from Constellation, recommending that the offer is accepted. Constellation made the offer of 400 pence per share on 29 November 2021. The offer is conditional on Bidco having received acceptances carrying more than 50% of the voting rights of MMH,… Continue reading Marshall board recommends accepting Constellation takeover bid
Why Stellantis CEO Carlos Tavares thinks the EV push threatens jobs, vehicle quality – Automotive News
Carlos Tavares says electrification push threatens jobs, vehicle quality December 01, 2021 09:08 AM Reuters {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> DETROIT — Stellantis CEO Carlos Tavares said external pressure on automakers to accelerate the shift to electric… Continue reading Why Stellantis CEO Carlos Tavares thinks the EV push threatens jobs, vehicle quality – Automotive News
November 30, 2021 Via secures $130M in Series G financing at $3.3B valuation Via’s TransitTech revenue has more than doubled in the last yea…
November 30, 2021 Via secures $130M in Series G financing at $3.3B valuation Via’s TransitTech revenue has more than doubled in the last year as demand for its software grows globally November 30, 2021 (New York, NY) — Via, the global leader in TransitTech, today announced $130 million in new funding at a post-money valuation… Continue reading November 30, 2021 Via secures $130M in Series G financing at $3.3B valuation Via’s TransitTech revenue has more than doubled in the last yea…
Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes
Porsche’s venture arm has taken a minority stake in 1Komma5, a five-month-old German startup aiming to offer households everything needed for a carbon neutral home, including energy storage, charging infrastructure for electric vehicles and solar. The investment, the amount of which was not disclosed, follows a series of deals made by Porsche Ventures in the… Continue reading Porsche invests in German startup aiming to be a one-stop shop for carbon neutral homes
@Daimler: Supervisory Board confirms Business Plan: Mercedes-Benz to invest 60 billion euros into the future
Daimler Supervisory Board endorses 2022 – 2026 Business Plan Investments of 60 billion euros for passenger cars and vans confirmed Focus on electrification, digitalization and automated driving Supervisory Board backs plan to raise efficiency Margin targets reiterated also during accelerated shift into electric-only era Stuttgart (Germany) – Daimler AG’s Supervisory Board at its meeting today… Continue reading @Daimler: Supervisory Board confirms Business Plan: Mercedes-Benz to invest 60 billion euros into the future
ALYI Announces Update On EV Revenue Target, Cryptocurrency, Investments and Acquisitions
DALLAS, Dec. 2, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a management update detailing the company’s $10 million base revenue target for 2022 and the potential to reach a stretch target of $50 million: ALYI 2022 Revenue Target Management Update ALYI’s $10 million base revenue target for 2022 is based solely… Continue reading ALYI Announces Update On EV Revenue Target, Cryptocurrency, Investments and Acquisitions
Magna Secures Business For Hybrid Dual-Clutch Transmission Program
Magna’s hybrid dual clutch transmissions will be produced at its facility in Bari, Italy Magna’s hybrid dual clutch transmissions will be produced at its facility in Bari, Italy Next generation compact and mid-size transmissions launching in 2025 with Mercedes-Benz Two HDT programs to launch in the coming months with additional global OEMs Shift to hybrid… Continue reading Magna Secures Business For Hybrid Dual-Clutch Transmission Program
Kakao Mobility picks up additional $55M funding at over $4.2B valuation
Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor GS Retail. This brings its total raised to about $941.4 million (1.11 trillion won) and values it at more than $4.2 billion, a spokesperson… Continue reading Kakao Mobility picks up additional $55M funding at over $4.2B valuation
Autos & TransportationGM boosts profit outlook as supply chain troubles easeDecember 1, 2021
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook Register now for FREE unlimited access to reuters.com Register DETROIT, Dec 1 (Reuters) – General Motors Co (GM.N) expects full year adjusted pre-tax profits will reach about $14 billion, higher than the… Continue reading Autos & TransportationGM boosts profit outlook as supply chain troubles easeDecember 1, 2021