SoftBank executives were at hand to support Nanda, who asserted that SB Energy was in India for the long haul. Less than a week later, billionaire Gautam Adani’s Adani Green Energy Ltd (AGEL) would announce the acquisition plans for SB Energy India. By then, SoftBank, under chairman and CEO Masayoshi Son, had been on a roller-coaster ride as… Continue reading How SoftBank’s bets in green energy soured in India
Tag: Strategy
Lordstown Motors warns it doesn’t have enough cash to produce electric trucks
Lordstown Motors has been among the startups (Rivian, Canoo) promising electric pickups that can compete with the current titans of the truck world, but an update today shows the company’s future is in doubt. The New York Times reports on a filing with the SEC that shows the company’s ability to move forward as a… Continue reading Lordstown Motors warns it doesn’t have enough cash to produce electric trucks
Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
After revealing its dynamic ‘Retail of the Future‘ (RoTF) sales strategy last week, Mercedes-Benz India has assured that its dealers (now called franchise partners) will continue to hold key importance in the company’s business operations in the country. The new retail dynamic, which is similar to a direct-to-consumer model and involves elimination of inventory costs… Continue reading Martin Schwenk: ‘We are not bypassing dealers. Our network is our biggest competitive advantage.’
Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards
Hyundai Motor Group Chairman Euisun Chung has been honoured with the Issigonis Trophy at the 2021 Autocar UK Awards ceremony. Chung gets the 2021 Autocar Awards’ top accolade in recognition of the incredible contribution that he and the firm have made to the global automotive industry. Named in honour of legendary car designer Sir Alec Issigonis, the trophy is… Continue reading Hyundai Motor Group chairman Euisun Chung wins Issigonis Trophy at 2021 Autocar Awards
Don’t trust that SPAC deck
The continuing saga of Lordstown Motor’s struggles as a public company took a new turn today as the electric truck manufacturer made yet more news. Bad news. Shares of Lordstown are down sharply today after the company reported in an SEC filing that it does not have enough capital to build and launch its electric… Continue reading Don’t trust that SPAC deck
GOL To Acquire Brazilian Airline MAP Transportes Aéreos
SÃO PAULO, June 8, 2021 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), (“GOL” or “Company”), Brazil’s largest domestic airline, today announces it has entered into an agreement to acquire MAP Transportes Aéreos Ltda. (“Transaction” and “MAP”, respectively), a Brazilian domestic airline with flight routes to regional destinations and São Paulo’s… Continue reading GOL To Acquire Brazilian Airline MAP Transportes Aéreos
GM to build some pickups, SUVs without Automatic Stop/Start feature during chip shortage
General Motors will start building some of its most profitable and in-demand 2021 full-size, light-duty pickups and SUVs without the Automatic Stop/Start feature because of a global shortage in semiconductor chips. The automaker is also making upgrades to its full-size pickup plant near Fort Wayne, Indiana. to speed up final assembly of tens of thousands of incomplete pickups parked and awaiting chip… Continue reading GM to build some pickups, SUVs without Automatic Stop/Start feature during chip shortage
@Hyundai: Kia Canada Powers Up Buyer Knowledge with All-New EV Experience Centre in Vancouver
TORONTO, June 08, 2021 (GLOBE NEWSWIRE) — Building on their strategy to make substantial commitments to progress in the green space, Kia Canada is launching it’s first-ever EV Experience Centre, showcasing the brand’s dedication to building a greener future for Canadians. Located in the heart of Downtown Vancouver, the EV Experience Centre (EVEC) is a… Continue reading @Hyundai: Kia Canada Powers Up Buyer Knowledge with All-New EV Experience Centre in Vancouver
The US wants to fix its broken lithium battery supply chain
The US announced plans to build out a domestic supply chain for lithium batteries, which are critical for electric vehicles and renewable energy. Its new goal is to be able to do nearly everything — from mining to manufacturing and recycling batteries — within its borders by the end of the decade. If it fails,… Continue reading The US wants to fix its broken lithium battery supply chain
BEST Inc. Announces Unaudited First Quarter 2021 Financial Results
HANGZHOU, China, June 8, 2021 /PRNewswire/ — BEST Inc. (NYSE: BEST) (“BEST” or the “Company”), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its unaudited financial results for the quarter ended March 31, 2021. Johnny Chou, Founder, Chairman and Chief Executive Officer of BEST, commented, “Our first quarter… Continue reading BEST Inc. Announces Unaudited First Quarter 2021 Financial Results