TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder’s fleet maintenance facilities will act as terminals for TuSimple’s freight network. TuSimple’s so-called AFN, or… Continue reading TuSimple’s self-driving truck network takes shape with Ryder partnership
Tag: Strategy
@VW Group: Volkswagen and TraceTronic establish neocx – a joint venture for automated software integration003598
Volkswagen is strengthening its expertise in the integration of automotive software. At present, high-performance automotive functions can only be achieved by networking many individual software and hardware components. Integrating these components and testing the resulting assembly is a key development task for Volkswagen. As part of its ACCELERATE strategy, Volkswagen is seeking to grow automotive… Continue reading @VW Group: Volkswagen and TraceTronic establish neocx – a joint venture for automated software integration003598
@VW Group: Volkswagen posts a strong first half003597
Volkswagen finished the first half of 2021 on a successful note thanks to efficient crisis management, strict cost discipline and systematic implementation of its ACCELERATE strategy. Despite the coronavirus pandemic and the semiconductor shortage, the number of vehicles delivered worldwide rose to around 2.7 million – 500,000 more than in the previous year. This increase… Continue reading @VW Group: Volkswagen posts a strong first half003597
@VW Group: Successful first half-year for Audi: record deliveries and strong profits003597
A healthy result after six months: the Audi Group achieved a successful half-year performance in spite of a critical situation with semi-conductor supplies. From January to June the company delivered 981,681 automobiles to customers worldwide, thus concluding the best first half in the history of Audi. The positive trend in volume is also reflected in… Continue reading @VW Group: Successful first half-year for Audi: record deliveries and strong profits003597
Lesjöfors divests S&P Federnwerk GmbH
Thu, Jul 29, 2021 22:48 CET Lesjöfors has today entered into an agreement to divest 100 percent of its shares in S&P Federnwerk GmbH. S&P Federnwerk GmbH is a German spring manufacturer whose customers are mainly active in the automotive and agricultural industries. The company has been part of Lesjöfors since 2013 and generated sales… Continue reading Lesjöfors divests S&P Federnwerk GmbH
Senmiao Technology Announces Signing of Framework Agreement with BYD’s Biggest Dealer in China for Leasing of 6,000 Automobiles
CHENGDU, China, July 30, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a framework agreement with Baijuyi (Qingdao) New Energy Car Limited (“Baijuyi”), whereby Senmiao… Continue reading Senmiao Technology Announces Signing of Framework Agreement with BYD’s Biggest Dealer in China for Leasing of 6,000 Automobiles
Allcargo acquires 65% stake in Swedish logistics firm Nordicon Group
The deal expands ECU Worldwide’s service network and global reach further, adding new geography and a specialised rail freight consolidation service to expand further across Europe. It will also help better serve those customers looking for flexible and time-bound logistics solutions in the Nordic region. Mumbai: Allcargo Logistics on Friday said it has acquired a… Continue reading Allcargo acquires 65% stake in Swedish logistics firm Nordicon Group
@Renault: Renault Group: H1 2021 Financial Results000265
PRESS RELEASEJULY 30, 2021 2021 first half results Renault Group is ahead of its « Renaulution » plan Renault Group should achieve its target of €2 billion cash fixed cost reductions one year ahead of schedule: €1.8 billion have already been achieved of which €0.6 billion during this first half compared to 2019. Strong positive net price… Continue reading @Renault: Renault Group: H1 2021 Financial Results000265
Volta Industries to Participate at Upcoming Investor Conferences
SAN FRANCISCO, July 30, 2021 /PRNewswire/ — Volta Industries, Inc. (“Volta Charging”) today announced that its management team will virtually attend the following investor conferences and events: Jefferies Virtual Industrial Conference August 3, 2021 Needham 10th Annual Robotics and Clean Tech August 6, 2021 Canaccord 41st Annual Growth Conference August 10, 2021 Raymond James Aspen… Continue reading Volta Industries to Participate at Upcoming Investor Conferences
LG Energy Solution and Hyundai Motor Group to build electric vehicle battery factory in Indonesia
LG Energy Solution and Hyundai Motor Group will establish a joint venture for electric vehicle batteries in Indonesia. LG Energy Solution is the world’s No.1 electric vehicle battery company and will invest 1.17 trillion won in a joint venture to raise the competitiveness of electric vehicle batteries. It will build a battery factory for 150,000… Continue reading LG Energy Solution and Hyundai Motor Group to build electric vehicle battery factory in Indonesia