Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. Chief Operating Officer Alex Hungate said that earlier in the year, Grab had been worried about a global recession and was “very careful and… Continue reading Grab does not see the need to undertake mass layoffs despite weak market
Tag: Strategy
‘Make in India’ completes eight years, annual FDI nearly doubles to $83 bn
New Delhi, Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as ‘Make in India‘, the flagship scheme of the government to facilitate investment and foster innovation, completed eight years. As per the Ministry of Commerce and Industry, FDI inflows stood at $45.15 billion in 2014-2015. The year 2021-22 recorded the highest ever FDI… Continue reading ‘Make in India’ completes eight years, annual FDI nearly doubles to $83 bn
@BMW: BMW BERLIN MARATHON: Route test with the fully-electric BMW CE 04.002273
+++ 42 zero-emission kilometres through the capital +++ Marie Dupuy and Bart Swings win inline skating races at the BMW BERLIN MARATHON +++ Runners, handbikers and wheelchair athletes start on Sunday +++ Berlin. Before the inline skaters kicked off the competition over the full distance at the 2022 BMW BERLIN-MARATHON on Saturday afternoon, a small… Continue reading @BMW: BMW BERLIN MARATHON: Route test with the fully-electric BMW CE 04.002273
Japan pledges $2 billion in funding for pandemic vaccine research initiative
The Japanese government has earmarked $2 billion in funding for vaccine research in an effort to make sure its country is better prepared for any future pandemic, according to Nature. Japan lagged behind other countries not just in developing vaccines, but also in approving them when it came to COVID-19. As the publication points out,… Continue reading Japan pledges $2 billion in funding for pandemic vaccine research initiative
New Ferrari SF90 Challenge race car spotted testing
The Ferrari Challenge race series appears to be stepping up a gear. Currently, Ferrari customers do battle at circuits across the globe in race-prepped versions of the 488 GTB, but as these spy shots reveal, a far more powerful SF90 Challenge could be joining the grid. A hardcore road-going SF90 is already rumoured, but the… Continue reading New Ferrari SF90 Challenge race car spotted testing
BorgWarner (BWA) to Buy Hubei SSE, Unveils eCV Portfolio at IAA
BorgWarner Inc. BWA recently announced that it has entered into an Equity Transfer Agreement with Hubei Surpass Sun Electric (“SSE”). Per the deal, BorgWarner will acquire the Electric Vehicle Solution, Smart Grid and Smart Energy businesses of SSE. The transaction will have an enterprise value of nearly RMB 410 million, of which around RMB 267… Continue reading BorgWarner (BWA) to Buy Hubei SSE, Unveils eCV Portfolio at IAA
Nations must invest, regulate to bring down energy costs
The report recommends that governments should also target a tipping points, where clean technologies gain an advantage over fossil fuels, leading to a rapid reallocation of investment. New Delhi: Governments must deliberately use public investment and regulation to rapidly scale-up clean energy technologies to bring down costs, achieve global climate goals and boost economies worldwide,… Continue reading Nations must invest, regulate to bring down energy costs
SoftBank’s Son may talk to Samsung about ‘strategic alliance’ for Arm during Seoul visitSon “may make a proposal” next month, Samsung Vice Chairman Ja…
SoftBank Group Corp founder and CEO Masayoshi Son said on Thursday he plans to meet with Samsung Electronics to discuss a potential “strategic alliance” between the South Korean tech giant and chip designer Arm. The billionaire will make his first visit to Seoul in three years. “I’d like to talk with Samsung about a strategic alliance… Continue reading SoftBank’s Son may talk to Samsung about ‘strategic alliance’ for Arm during Seoul visitSon “may make a proposal” next month, Samsung Vice Chairman Ja…
@GM: GM Investing $760 Million in Toledo, Ohio Propulsion Plant for EV Drive Unit Production
GM Investing $760 Million in Toledo, Ohio Propulsion Plant for EV Drive Unit Production 2022-09-23 Toledo-built drive units to be used primarily for Chevrolet Silverado EV, GMC Sierra EV and GMC HUMMER EVs Toledo Propulsion Systems is GM’s first U.S. propulsion-related manufacturing facility to be transformed for EV-related production DETROIT — General Motors Co. (NYSE:… Continue reading @GM: GM Investing $760 Million in Toledo, Ohio Propulsion Plant for EV Drive Unit Production
GM invests in Canadian battery recycler to fight supply shortage
General Motors is partnering with a Canadian battery recycler to produce new batteries from recovered battery materials, as it aims to scale EV production in North America amid supply shortages and rising costs. The automaker invested through its GM Ventures arm in a Series A financing round for Lithion Recycling, a developer of advanced battery… Continue reading GM invests in Canadian battery recycler to fight supply shortage