LORDSTOWN, Ohio, July 12, 2022 /PRNewswire/ — Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or “LMC”), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced several key executive appointments that further strengthen the company’s senior leadership team. Daniel A. Ninivaggi was elected to serve as Executive Chairman of the… Continue reading @niche: News Lordstown Motors Announces Executive Appointments002008
Tag: Strategy
The sectors that would matter in India’s race to be a manufacturing powerhouse
Buoyed by global sentiments, government schemes, cheap labour and a skilled workforce, India’s manufacturing exports grew 40% year-on-year in FY22 to hit a record $418 billion. India is expected to scale up its manufacturing exports to $1 trillion by FY28 and analysts have said that much of this growth will come from a select few… Continue reading The sectors that would matter in India’s race to be a manufacturing powerhouse
@VW Group: Porsche Supercup tackles Silverstone with a 32-strong field005386
The race The decisive moment happened in the first few seconds: Dutchman Larry ten Voorde from Team GP Elite fluffed his start from pole position. This left the door open for Laurin Heinrich who grabbed his chance – the German won the sprint to the first corner in his Porsche 911 GT3 Cup fielded by… Continue reading @VW Group: Porsche Supercup tackles Silverstone with a 32-strong field005386
May Mobility Closes USD111M in Series C Funding
A concept rendering of a Toyota e-Palette prototype, a next generation mobility platform on which May Mobility is starting preliminary development to integrate the company’s autonomous driving kit. May Mobility, an Ann Arbor, MI-based autonomous vehicle (AV) technology company, raised USD111M in Series C funding. The round was led by SPARX Group Co., Ltd.’s Mirai Creation… Continue reading May Mobility Closes USD111M in Series C Funding
Rock Tech Lithium signs framework agreement with a globally operating car producer based in Germany
Additionally, the Framework Agreement supports the parties’ respective commitments to environmental responsibility and sustainability, including an agreement to create a roadmap to achieve CO2-neutral production of lithium hydroxide by the end of 2030 and requiring that any product supplied to the costumer be sourced from mining sites audited by the Initiative for Responsible Mining Assurances… Continue reading Rock Tech Lithium signs framework agreement with a globally operating car producer based in Germany
Truck Market in Vietnam 2022-2026, Market Segmentation in Vietnam by type (domestic and imported) and tonnage (less than 10 T and more than 10 T) – Technavio
NEW YORK, July 13, 2022 /PRNewswire/ — The Truck Market Size in Vietnam is expected to grow by 41,610 units at a CAGR of 7.43% during the forecast period, according to Technavio. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Volvo, Beijing Automotive Group Co. Ltd., Daimler AG, Ford… Continue reading Truck Market in Vietnam 2022-2026, Market Segmentation in Vietnam by type (domestic and imported) and tonnage (less than 10 T and more than 10 T) – Technavio
Rivian and Arrival announce business restructuring, Tesla continues layoffs
Inflation and global supply chain constraints continue to take their toll on EV automakers, especially those based in the United States. Young automakers like Rivian and Arrival have announced plans to restructure their businesses, hinting at potential layoffs. Meanwhile, EV veteran Tesla has laid off hundreds of employees the past month and continues to do… Continue reading Rivian and Arrival announce business restructuring, Tesla continues layoffs
Gap CEO exit opens door for spin-off talks again
The abrupt exit of Gap Inc’s chief executive on the back of falling sales and shrinking margins will likely push the struggling apparel retailer to sell one or more of its brands, analysts said. The company, which owns brands such as Old Navy, Gap and Banana Republic, said on Monday CEO Sonia Syngal would step… Continue reading Gap CEO exit opens door for spin-off talks again
Vietnam’s VinFast to raise $4 financing for EV plant from Credit Suisse, Citi
Vietnam carmaker VinFast has signed framework agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least $4 billion to develop an electric vehicle factory in North Carolina, the company said. The announcement comes after its parent Vingroup JSC in May said that an initial public offering (IPO) for VinFast might be delayed until next… Continue reading Vietnam’s VinFast to raise $4 financing for EV plant from Credit Suisse, Citi
Rivian CEO tells staff the company is carrying out a ‘major’ cost-cutting effort
Electric vehicle maker Rivian is planning a “major” cost-cutting drive and will be “as thoughtful as possible as we consider any reductions,” CEO RJ Scaringe wrote in a memo to employees. Scaringe sent the note in response to reports that Rivian is planning up to 700 or so layoffs, primarily among non-engineering teams. “This is… Continue reading Rivian CEO tells staff the company is carrying out a ‘major’ cost-cutting effort