Strategy – Page 8874 – I wish I had more to offer

Mining tycoon Palmer sells Australian nickel refinery for reported $1.3 billion

A spokesperson for Palmer, who bought the refinery in 2009 from BHP for A$1, declined to disclose the sale price and said the sum reported by the Australian newspaper was speculation. By Lewis Jackson Australian mining magnate Clive Palmer has sold the troubled Yabulu nickel refinery in Queensland state to Swiss special purpose vehicle Zero… Continue reading Mining tycoon Palmer sells Australian nickel refinery for reported $1.3 billion

Manufacturing gains momentum as Make in India shifts into overdrive

India’s manufacturing prowess is gradually gaining prominence in the aftermath of the Covid pandemic as global companies expand their supply chains to reduce dependence on China and other low-cost Asian manufacturing hubs. Commonly referred to as China+1, the strategy bodes well for Indian companies in sectors such as chemicals, electronic parts and automotive components. It… Continue reading Manufacturing gains momentum as Make in India shifts into overdrive

Porsche begins producing synthetic fuel in Chile

Porsche and its international partners working with the Chilean operating company Highly Innovative Fuels (HIF) have begun industrial production of synthetic fuels. The official opening of the ‘Haru Oni’ pilot plant in Punta Arenas, Chile, was held on December 20, with Porsche Executive Board members Barbara Frenkel and Michael Steiner performing the ceremonial fuelling of… Continue reading Porsche begins producing synthetic fuel in Chile

Porsche begins producing synthetic fuel in Chile

PE giant KKR makes second investment in Korean energy firm SK E&S

In its second investment in South Korea’s SK E&S Co Ltd, global investment major KKR announced that it has acquired the energy company’s newly issued redeemable convertible preferred shares (RCPS) for an undisclosed sum. The investment extends KKR and SK E&S’s ongoing relationship and follows the PE firm’s acquisition of $ 2 billion worth of… Continue reading PE giant KKR makes second investment in Korean energy firm SK E&S

LION ELECTRIC ANNOUNCES PRODUCTION OF FIRST PROPRIETARY LITHIUM-ION BATTERY PACK AT ITS BATTERY MANUFACTURING FACILITY

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

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