July 29th, 2020 Xconomy National — Thrive Earlier Detection, one of the companies vying to be the first to commercialize a blood test that can uncover cases of cancer before symptoms arise, has raised $257 million and announced plans to evaluate its CancerSEEK test in a registrational study. Many cancers grow silently, and once malignant… Continue reading Thrive Adds $257M, Plans Pivotal Trial of Early Cancer Detection Test
Tag: Strategy
GM prodded to catch electric-car zeitgeist with name change
David Welch and Chester Dawson, Bloomberg Published 1:56 p.m. ET July 29, 2020 | Updated 2:02 p.m. ET July 29, 2020 General Motors Co. has weathered depressions, wars and pandemics under its century-old name, but the coming shift to battery-powered vehicles may be an opportunity to rethink its generic-sounding corporate moniker in favor of something… Continue reading GM prodded to catch electric-car zeitgeist with name change
Imperial acquisition a “core part” of Cazoo’s strategy, says CEO
Cazoo is a name that has caught the attention of many since its launch in December 2019 as it became the fastest ever British “Unicorn” (start-ups with a notional value of over a billion dollars). In late June Cazoo gained £25m in its latest round of funding, with new investor Draper Esprit joining existing investors… Continue reading Imperial acquisition a “core part” of Cazoo’s strategy, says CEO
@VW Group: €3.75 bn debut syndicated revolving credit facility signed by TRATON SE
TRATON SE has signed its inaugural syndicated revolving credit facility in a total amount of €3.75 bn. The facility has a maturity of 3 years and can be extended twice for one year each (“3+1+1” years). The facility amount is provided by a consortium of 21 banks, thereby defining TRATON GROUP’s core relationship banks. The… Continue reading @VW Group: €3.75 bn debut syndicated revolving credit facility signed by TRATON SE
@Groupe PSA: Opel Presents New Business Model in Romania
Trust Motors SRL to be appointed as import partner More agility and flexibility will foster growth Another important step in the implementation of the PACE! plan Rüsselsheim. Opel has taken a further step in the development of its business strategy in selected European markets with the goal of becoming more agile, flexible and efficient as… Continue reading @Groupe PSA: Opel Presents New Business Model in Romania
Dana Incorporated Board of Directors Establishes Technology and Sustainability Committee
MAUMEE, Ohio, July 28, 2020 /PRNewswire/ — Dana Incorporated announced today that its Board of Directors has established a standing Technology and Sustainability Committee focused on technological and environmental stewardship. Dana Incorporated logo. (PRNewsFoto/Dana Incorporated) More The new Technology and Sustainability Committee will be responsible for assisting the Board with oversight relating to innovation, new technologies,… Continue reading Dana Incorporated Board of Directors Establishes Technology and Sustainability Committee
SEAT to increase localisation, shorten component supply chain
SEAT gathered 60 of its main suppliers in Spain and associations such as ANFAC (the Spanish Association of Car and Truck Manufacturers), Sernauto (the Spanish Association of Automotive Suppliers) and ACICAE and CIAC (automotive clusters in the Basque Country and Catalonia, respectively) today in a virtual meeting to present its strategy for the future. After… Continue reading SEAT to increase localisation, shorten component supply chain
iQuippo partners Kobelco Construction Equipment India for digital sales
iQuippo, a digital marketplace for infrastructure equipment has announced a strategic partnership with Kobelco Construction Equipment India (Kobelco), to market, sell construction and mining equipment manufactured by the OEM on its platform. The non-exclusive arrangement will allow customers of iQuippo to choose from a wide range of equipment manufactured by Kobelco; avail finance schemes from… Continue reading iQuippo partners Kobelco Construction Equipment India for digital sales
Traton signs a credit line of 3.75 billion to have greater “financial flexibility”
MADRID, Jul 29 (EUROPA PRESS) – Traton, the commercial vehicle division of the Volkswagen group, has signed a syndicated credit line of 3.75 billion euros to provide greater “financial flexibility” on favorable terms. As the firm has indicated in a statement, this line of credit, backed by a consortium of 21 banks, has an initial… Continue reading Traton signs a credit line of 3.75 billion to have greater “financial flexibility”
Seat, Volkswagen and Iberdrola join forces to promote a network of charging points in Spain
MADRID, Jul 29 (EUROPA PRESS) – The automobile firm Seat, Volkswagen Group Spain Distribution and Iberdrola have signed an agreement to promote electric mobility in Spain, with the aim of promoting the creation of a public network of charging points, promoting the use of renewable energy, marketing charging solutions and integrate Iberdrola’s infrastructure in electric… Continue reading Seat, Volkswagen and Iberdrola join forces to promote a network of charging points in Spain