AKRON, Ohio, May 13, 2021 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a private offering to eligible purchasers of $1.45 billion aggregate principal amount of 8- and 10-year senior notes. The notes will be senior unsecured obligations of the company. Issuance and sale of the notes… Continue reading Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition
Tag: Strategy
Tesla CEO Elon Musk halts use of bitcoin for car purchases
Tesla would retain its bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.… Continue reading Tesla CEO Elon Musk halts use of bitcoin for car purchases
China’s WeRide secures more funding, pushing valuation to $3.3 billion
Only four months after securing Series B fundraising of $310 million, Chinese autonomous driving company WeRide says it has achieved its Series C funding round that brings its post-money valuation to $3 billion. This is first time the company has disclosed its value. The company did not share how much it has raised this round,… Continue reading China’s WeRide secures more funding, pushing valuation to $3.3 billion
Yifan Li Joins Human Horizons as CFO
Mr. Li is a seasoned finance and accounting executive, and joins Human Horizons from Zhejiang Geely Holding Group (ZGH), a global mobility technology group headquartered in Hangzhou. As Vice President and Chief Financial Officer of the group, Mr. Li was responsible for financial strategy, corporate development and industrial ecology chain, having an integral role in… Continue reading Yifan Li Joins Human Horizons as CFO
@VW Group: Volkswagen Commercial Vehicles and Argo AI launch international trials of autonomous driving with ID. BUZZ003060
May 12, 2021 European Argo AI test site opening this summer in Munich, Germany Volkswagen Commercial Vehicles brand using a combination of lidar, radar and cameras for Level 4 autonomous driving vehicles Commercial use as of 2025: Volkswagen Group’s transport service provider MOIA to be first user of self-driving ID. BUZZ AD in Germany Hanover,… Continue reading @VW Group: Volkswagen Commercial Vehicles and Argo AI launch international trials of autonomous driving with ID. BUZZ003060
@Toyota: Toyota Announces Global Annual Results and Reconfirms Commitment to Carbon Neutrality
Global vehicle sales of 7.646m units, down by 1.309m units Global net revenue of 27,214.5 bn yen (219.5 bn EUR), down by 2,651.9 bn yen Global net income of 2,245.2 bn yen (18.1 bn EUR), up from 2,036.1 bn yen Toyota Motor Corporation reconfirms commitment to carbon neutrality by 2050, with a focus on multi-technology… Continue reading @Toyota: Toyota Announces Global Annual Results and Reconfirms Commitment to Carbon Neutrality
Mayank Jain joins CarDekho Group as CEO of New Auto Business
Mayank Jain brings in rich experience of over 18 years working in technology, media and telecom sectors in India and Internationally. Prior to this, he was the CEO of the Hindi News cluster at Network18, where he managed a cluster of 7 news channels. New Delhi: CarDekho Group, India’s leading auto-tech company, has further fortified… Continue reading Mayank Jain joins CarDekho Group as CEO of New Auto Business
Chinese EV maker BYD to spin off chip unit amid global shortage
HONG KONG — BYD, one of China’s largest makers of electric cars and buses, is moving ahead with plans to list its semiconductor subsidiary even as rivals scramble to acquire chips to keep up production of their vehicles. BYD shares rose 4.9% in both Hong Kong and Shenzhen on Wednesday in reaction to the company’s… Continue reading Chinese EV maker BYD to spin off chip unit amid global shortage
@Daimler: Mercedes-Benz Vans Sales Germany and Europe
On 1 July 2021, Mercedes-Benz Vans Sales Germany will become part of the Mercedes-Benz Vans Sales Europe under the overall management of Steffen Lucas. Jochen Dimter, the current Managing Director of Mercedes-Benz Vans Sales Germany is leaving the company at the end of the year at his own request after more than 34 years in… Continue reading @Daimler: Mercedes-Benz Vans Sales Germany and Europe
@BMW: Over 200 million tonnes: BMW Group sets ambitious goal to reduce CO2 emissions by 2030001123
RE:THINK, RE:DUCE, RE:USE, RE:CYCLE – BMW Group makes circular economy central theme of IAA MOBILITY 2021 “Neue Klasse”: “Secondary first” approach to development Next-generation battery cells: Carbon footprint of high-voltage batteries to be reduced by half CO2 goals for 2030 validated by Science-Based Targets Initiative All production and locations to become completely net carbon neutral… Continue reading @BMW: Over 200 million tonnes: BMW Group sets ambitious goal to reduce CO2 emissions by 2030001123