MONTREAL, Dec. 21, 2022 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has completed production of its first lithium-ion battery pack at the company’s battery manufacturing facility located in Mirabel, Quebec. Final certification of the first… Continue reading LION ELECTRIC ANNOUNCES PRODUCTION OF FIRST PROPRIETARY LITHIUM-ION BATTERY PACK AT ITS BATTERY MANUFACTURING FACILITY
Tag: Strategy
BGL Automotive & Aftermarket Insider — Key M&A Themes Influencing the Automotive Aftermarket
CHICAGO, Dec. 21, 2022 /PRNewswire/ — Market conditions have shifted M&A strategies but not overall deal volume, according to an automotive aftermarket industry report released by the Automotive investment banking team at Brown Gibbons Lang & Company (BGL). Access the BGL Automotive Aftermarket Insider: https://www.bglco.com/research/bgl-automotive-aftermarket-recap-sema-aapex-2022/ Continue Reading Inside the report, BGL examines developments that are… Continue reading BGL Automotive & Aftermarket Insider — Key M&A Themes Influencing the Automotive Aftermarket
General Dynamics Electric Boat Awarded $5.1 billion by U.S. Navy for Columbia-Class Submarines
GROTON, Conn., Dec. 21, 2022 /PRNewswire/ — General Dynamics Electric Boat announced today the U.S. Navy has awarded a $5.1-billion modification of the previously awarded Columbia Integrated Product and Process Development Contract for the Columbia class of submarines, the nation’s next-generation sea-based strategic deterrent. Electric Boat is the prime contractor on the Columbia program, which… Continue reading General Dynamics Electric Boat Awarded $5.1 billion by U.S. Navy for Columbia-Class Submarines
@GM: GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details
GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details 2022-12-21 DETROIT – General Motors Co. (NYSE: GM) will release its fourth-quarter and full-year 2022 financial results on Tuesday, Jan. 31, 2023, at approximately 6:30 a.m. ET, followed by a conference call for financial analysts at 8:30 a.m. ET. Financial materials will be available at… Continue reading @GM: GM Announces 2022 Q4 and Full-Year Earnings Conference Call Details
Self-driving truck company TuSimple to lay off 25% of workforce
Well, we knew it was coming. Self-driving trucking technology company TuSimple confirmed Wednesday it plans to lay off 25% of its total workforce as part of a broader restructuring plan designed to keep the company running. The layoffs come a couple of weeks after TuSimple and Navistar ended their deal to co-develop purpose-built autonomous semi… Continue reading Self-driving truck company TuSimple to lay off 25% of workforce
TuSimple Announces Restructuring with a Focus on Investing in R&D to Advance Autonomous Trucking Technology
Key points of the restructuring plan: Focus on capital discipline given macroeconomic conditions and industry readiness. Strategic investments on highest value-added projects, namely the validation and commercialization of TuSimple’s leading autonomous trucking technology. Restructuring impacts approximately 350 employees, or 25% of TuSimple’s workforce; 80% of the remaining approximately 1,100 TuSimple employees are in R&D functions.… Continue reading TuSimple Announces Restructuring with a Focus on Investing in R&D to Advance Autonomous Trucking Technology
GM recalls 140,000 Chevy Bolt EVs due to risk of carpet catching fire
General Motors (GM) shared yesterday that it has issued a recall on 140,000 Chevy Bolt EVs throughout the US and Canada. The recall addresses a potential risk of fire in the EV’s carpet after an accident. Here’s what we know so far. The Chevrolet Bolt debuted in 2016 as the lone EV offering from GM;… Continue reading GM recalls 140,000 Chevy Bolt EVs due to risk of carpet catching fire
MSC Group completes acquisition of Bolloré Africa Logistics
MSC STATEMENT GENEVA, Dec. 21, 2022 /PRNewswire/ — MSC Group is pleased to confirm that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The transaction was approved by all applicable regulatory authorities. MSC’s acquisition of Bolloré Africa Logistics SAS and its affiliates (“Bolloré Africa Logistics Group”) highlights the… Continue reading MSC Group completes acquisition of Bolloré Africa Logistics
@VW Group: Change in design leadership at Porsche Lifestyle Group006346
09/12/2022 Effective April 1, 2023, the Porsche Lifestyle GmbH & Co. KG has appointed a new head of design. Roland Heiler, the longstanding CDO of the Porsche Lifestyle Group and Managing Director of Porsche Design GmbH, will be followed by Carsten Monnerjan. As new Managing Director of Porsche Design GmbH, he will lead the creative… Continue reading @VW Group: Change in design leadership at Porsche Lifestyle Group006346
@VW Group: Audi sets sights on podium at Dakar Rally006346
Revolutionizing the sport in an energy-efficient way and being among the best in the process: Audi has set itself no lesser task for the RS Q e-tron’s second outing in the Dakar Rally. Head of Audi Sport Rolf Michl has set Team Audi Sport a clear goal: After four stage victories were possible at the… Continue reading @VW Group: Audi sets sights on podium at Dakar Rally006346