Embark Trucks, the autonomous trucking company that went public in 2021 via a merger with a special purpose acquisition company, is cutting 70% of its workforce and shutting down two offices. And the pain may not be over as CEO Alex Rodrigues noted in an email to employees that the remaining 30% of workers will… Continue reading Embark Trucks lays off workers, explores liquidation of self-driving truck assets
Tag: Strategy
Europa Wire: Bentley Names Audi’s Stefanie Lackner as Head of Sustainability Communications000495
Bentley Names Audi’s Stefanie Lackner as Head of Sustainability Communications (IN BRIEF) Bentley Motors has appointed Stefanie Lackner as its Head of Sustainability Communications. In her new role, she will work closely with the Bentley Board of Management and the leadership team to shape communications around environmental, economic, and social sustainability, as well as promoting… Continue reading Europa Wire: Bentley Names Audi’s Stefanie Lackner as Head of Sustainability Communications000495
Honda Zero Emission Stationary Fuel Cell Provides Backup Power to a Data Center
Stationary fuel cell (FC) on American Honda campus in Torrance, Calif. is a first step toward future commercialization of zero-emission backup power generation In the coming years, Honda will begin applying stationary FC power station technologies to Honda manufacturing facilities and data centers around the world Honda is advancing hydrogen fuel cells to provide clean,… Continue reading Honda Zero Emission Stationary Fuel Cell Provides Backup Power to a Data Center
@VW Group: Volkswagen Group achieves solid annual results, significant increase in deliveries expected in 2023006746
Volkswagen Group delivered a robust performance in 2022 with profitability improving despite ongoing supply disruptions and headwinds from higher raw material and energy costs. This was supported by continued pricing discipline, cost progress, and driven by a stronger mix which helped to increase operating profit before special items by EUR 2.5 billion to EUR 22.5… Continue reading @VW Group: Volkswagen Group achieves solid annual results, significant increase in deliveries expected in 2023006746
German Manager Magazin: Volkswagen: share goes up, VW increases profit and raises dividend002347
Volkswagen looks a little more relaxed after a year with many potholes. After the decline in deliveries in the past year, the group expects an increase of almost 15 percent to around 9.5 million vehicles in 2023. The reason is the order backlog of 1.8 million vehicles, which has accumulated due to a lack of… Continue reading German Manager Magazin: Volkswagen: share goes up, VW increases profit and raises dividend002347
CNET’s Post-AI Layoffs Apparently Gutted 50 Percent of Its News and Video Staff
The full scope of CNET’s layoffs after its disastrous foray into AI-powered journalism is coming further into focus — and frankly, things don’t look too good. According to internal correspondence Futurism obtained, CNET — which has maintained that the job cuts have absolutely nothing to do with their misfired AI, actually — gutted 50 percent of… Continue reading CNET’s Post-AI Layoffs Apparently Gutted 50 Percent of Its News and Video Staff
Shell reviewing oil output reduction targets
Shell and BP reported record profits in 2022 on the back of soaring oil and gas prices. Shell is reviewing its current plan to reduce oil output by 1% to 2% per year by 2030, Chief Executive Officer Wael Sawan said in an interview with the Times published on Friday. Sawan took office at the… Continue reading Shell reviewing oil output reduction targets
Subaru to nominate executive Atsushi Osaki as next president
TOKYO (Reuters) — Japanese automaker Subaru said on Friday Atsushi Osaki, executive vice president and manufacturing division chief general manager, would be appointed the next president and chief executive. Current President and Chief Executive Tomomi Nakamura would be nominated as next chairperson pending the approval of the shareholders and board in June, the automaker said.… Continue reading Subaru to nominate executive Atsushi Osaki as next president
German Handelsblatt: Auto industry: Volkswagen is building its own plant in South Carolina for Scout – and is raising the dividend significantly after profit growth006366
Volkswagen in Wolfsburg The group will increase its net profit to almost 16 billion euros in 2023. (Photo: Bloomberg) Despite the war in Ukraine and the energy crisis, Europe’s largest carmaker Volkswagen is more optimistic about the coming fiscal year. For 2023, the group is forecasting a return on sales of between 7.5 and 8.5… Continue reading German Handelsblatt: Auto industry: Volkswagen is building its own plant in South Carolina for Scout – and is raising the dividend significantly after profit growth006366
Jining: Jining people’s happiness improves due to the civilization led by the culture
JINING, China, March 3, 2023 /PRNewswire/ — Since striving to create a national model city of civilization, Jining, Shandong has adhered to the concept of “creating a national model city for the people”, integrated the concept of leading by the culture in the whole process of the cultural and ideological construction, promoted the urban function,… Continue reading Jining: Jining people’s happiness improves due to the civilization led by the culture