General Dynamics European Land Systems – Steyr awarded $1.3 billion contract to build 225 PANDUR EVO wheeled armored vehicles for Austria

VIENNA, Feb. 20, 2024 /PRNewswire/ — General Dynamics European Land Systems – Steyr (GDELS) announced that it has been awarded a contract to deliver an additional 225 PANDUR 6×6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion). Continue Reading The compact,… Continue reading General Dynamics European Land Systems – Steyr awarded $1.3 billion contract to build 225 PANDUR EVO wheeled armored vehicles for Austria

Benteler to secure mega investment for autonomous mover production

Earlier this month, the Benteler Group announced that it is set to secure a multi-million-dollar investment to expand its autonomous mover business. Tasaru Mobility Investments, a Saudi Arabian investment company specializing in automotive initiatives, intends to acquire a minority stake in the Benteler subsidiary Holon for a nine-digit sum. The management of both companies signed… Continue reading Benteler to secure mega investment for autonomous mover production

Benteler to secure mega investment for autonomous mover production

Earlier this month, the Benteler Group announced that it is set to secure a multi-million-dollar investment to expand its autonomous mover business. Tasaru Mobility Investments, a Saudi Arabian investment company specializing in automotive initiatives, intends to acquire a minority stake in the Benteler subsidiary Holon for a nine-digit sum. The management of both companies signed… Continue reading Benteler to secure mega investment for autonomous mover production

Inside information: Thomas Hinnerskov appointed President and CEO of Valmet

Valmet Oyj’s stock exchange release (inside information) on February 19, 2024 at 10:30 a.m. EET ESPOO, Finland, Feb. 19, 2024 /PRNewswire/ — Valmet’s Board of Directors has appointed Thomas Hinnerskov President and CEO of Valmet and he will start in the position during the second half of the year and at the end of September 2024 at… Continue reading Inside information: Thomas Hinnerskov appointed President and CEO of Valmet

EV firms driving demand for expats; cos increase hiring in tech, engineering, R&D roles

“India’s rapidly growing EV market, combined with significant innovation and investments on the supply side, is attracting professionals worldwide,” said Amit Gupta, co-founder at Yulu. Electric vehicle makers in India are accelerating their search for expat talent even as the country positions itself among the world’s leading EV markets. Companies such as Tata Motors, Ather… Continue reading EV firms driving demand for expats; cos increase hiring in tech, engineering, R&D roles

@Fisker: Fisker Signs New Dealer Partners in US as Strategic Business Shift Continues000212

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, announced today that it has signed a total of four dealer partners in the US as it undertakes a strategic shift in its business model. Dealers joining the Dealer Partnership program are the Mills… Continue reading @Fisker: Fisker Signs New Dealer Partners in US as Strategic Business Shift Continues000212

SPARROW Founder’s Unique Career Offers Lessons in Mindful Mentoring Podcast

MONMOUTH COUNTY, N.J., Feb. 15, 2024 /PRNewswire/ — Successful leaders can often point to a few individuals who’ve made a profound difference in their careers, and SPARROW Executive Jets (SEJ) President and Founder Jacquie Dalton is no exception. When reflecting on a unique career path that took her from the racetrack to the runway, she… Continue reading SPARROW Founder’s Unique Career Offers Lessons in Mindful Mentoring Podcast

Eltek Announces Closing of $10 Million Public Offering

PETACH TIKVA, Israel, Feb. 15, 2024 /PRNewswire/ — Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today the closing of its previously announced public offering of 625,000 ordinary shares at a public offering price of $16.00 per share, for gross proceeds of $10,000,000,… Continue reading Eltek Announces Closing of $10 Million Public Offering

Magna (MGA) Q4 Earnings Miss Expectations, Increase Y/Y

Magna International MGA reported fourth-quarter 2023 adjusted earnings of $1.33 per share, which rose 46.2% on a year-over-year basis but missed the Zacks Consensus Estimate of $1.37. Net sales increased 9% from the prior-year quarter to $10.45 billion, surpassing the Zacks Consensus Estimate of $10.44 billion. Magna International Inc. Price, Consensus and EPS Surprise Magna… Continue reading Magna (MGA) Q4 Earnings Miss Expectations, Increase Y/Y

Magna (MGA) Q4 Earnings Miss Expectations, Increase Y/Y

Magna International MGA reported fourth-quarter 2023 adjusted earnings of $1.33 per share, which rose 46.2% on a year-over-year basis but missed the Zacks Consensus Estimate of $1.37. Net sales increased 9% from the prior-year quarter to $10.45 billion, surpassing the Zacks Consensus Estimate of $10.44 billion. Magna International Inc. Price, Consensus and EPS Surprise Magna… Continue reading Magna (MGA) Q4 Earnings Miss Expectations, Increase Y/Y