Mary Barra, CEO of General Motors, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 12, 2019. REUTERS/Brendan McDermid/File Photo WASHINGTON, Sept 17 (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra said Friday the largest U.S. automaker plans to make changes in its supply chain as… Continue reading Barra: GM will make ‘substantial shifts’ in supply chain over chips – Reuters
Tag: Financial Results
Wallbox unveils new Hypernova public charger with up to 350 kW of power
Charging solution provider Wallbox unveiled what it calls its fastest and most sophisticated public charging station yet, at the recent IAA MOBILITY 2021 trade show in Munich. Hypernova can deliver up to 350 kW of power, matching the top speed of any passenger-vehicle charger on the market today. Currently, there are only a few cars… Continue reading Wallbox unveils new Hypernova public charger with up to 350 kW of power
SsangYong receives three bids for stake sale, looks to get investor on board by November
It is understood that SM Group pulled out of a bid on the premise that SsangYong was not ready to become a full EV company in the near future. Cash strapped Korean automaker, SsangYong Motors which is on the lookout for a potential investor has received only three final bids for a stake sale. This… Continue reading SsangYong receives three bids for stake sale, looks to get investor on board by November
Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021 The partnership between the global commercial vehicles manufacturer and the US-based group specializing in zero-emission Class 8 heavy-duty trucks and related energy solutions is about to begin its manufacturing journey in Ulm,… Continue reading Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
Kongsberg Automotive wins contract worth EUR 20 million estimated lifetime revenue
Wed, Sep 15, 2021 07:58 CET Kongsberg Automotive’s Fluid Transfer Systems (FTS) is pleased to announce the renewal of its relationship with one of the world’s leading suppliers of fuel transfer systems. FTS has won incremental business and secured an extension contract estimated annualized revenue of EUR 4 million, and estimated lifetime revenue worth EUR… Continue reading Kongsberg Automotive wins contract worth EUR 20 million estimated lifetime revenue
Autos & Transportation · 2:33 PM UTCVolvo Cars gears up for $20 bln IPO in coming weeks, sources sayChina’s Geely Holding (GEELY.UL) is in advanced di…
A Pure Electric sign is seen above a Volvo vehicle displayed during a media day for the Auto Shanghai show in Shanghai, China April 20, 2021. REUTERS/Aly Song/File Photo STOCKHOLM, Sept 15 (Reuters) – China’s Geely Holding (GEELY.UL) is in advanced discussions with banks to list its Volvo Cars unit in the coming weeks, three… Continue reading Autos & Transportation · 2:33 PM UTCVolvo Cars gears up for $20 bln IPO in coming weeks, sources sayChina’s Geely Holding (GEELY.UL) is in advanced di…
Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
STOCKHOLM, Sept 14 (Reuters) – Shares in Veoneer Inc edged down on Tuesday after the auto tech firm stuck to its recommendation for Magna International’s bid after receiving an updated, non-binding offer from Qualcomm . The Swedish company has become an attractive takeover target as its expertise in making advanced driver assistance systems fits in… Continue reading Veoneer sticks with Magna offer after Qualcomm’s revised bid, shares drop
Grab Reports Second Quarter 2021 Results
Gross Merchandise Value reached an all-time high of $3.9 billion, up 62% year-over-year Adjusted Net Sales reached a new quarterly record of $550 million, increasing 92% year-over-year Revenue grew to $180 million, up 132% year-over-year Deliveries continues to outperform with 68% year-over-year growth in Adjusted Net Sales New report by NielsenIQ finds Grab [1] to… Continue reading Grab Reports Second Quarter 2021 Results
Industrial Tech Acquisitions, Inc. and Arbe Robotics Ltd. Announce Special Meeting Date for Proposed Business Combination
TEL AVIV, Israel and HOUSTON, Texas, Sept. 14, 2021 /PRNewswire/ — Arbe Robotics Ltd. (“Arbe”), a global leader in next-generation 4D Imaging Radar Solutions, and Industrial Tech Acquisitions, Inc. (“ITAC”) (NASDAQ: ITAC), a publicly traded special purpose acquisition company, today announced that ITAC has scheduled a special meeting of its stockholders that will be held virtually on October 5, 2021, at 10:00… Continue reading Industrial Tech Acquisitions, Inc. and Arbe Robotics Ltd. Announce Special Meeting Date for Proposed Business Combination
Autocar Confidential: EVs getting cheaper, a future ‘lithium crunch’ and more
In this week’s Autocar confidential, we unveil the unlikely inspiration for Everrati’s electric 911, Bentley’s commitment to sustainable leather and the possibility of a future lithium shortage in the latter part of the decade. Charging less for EVs How’s this for a win-win? Mercedes-Benz boss Ola Källenius has outlined his aim for the firm to… Continue reading Autocar Confidential: EVs getting cheaper, a future ‘lithium crunch’ and more