The member of Volkswagen’s board who is in charge of technology stated that the automaker intends to make investments in mines to reduce the cost of battery cells, satisfy half of its own demand, and sell to third parties. Thomas Schmall said that the biggest carmaker in Europe wants PowerCo to become a global battery […]
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The acquisition of Jardine by Lithia Motors, whose market capitalization on the New York Stock Exchange exceeds $6 billion. According to one source, the cost would be between 300 and 400 million pounds. The storied Hong Kong-based conglomerate Jardine Matheson Holdings will sell Jardine Motors as part of the deal. Assets held by Jardine Matheson […]
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Calbee, a Japanese snack brand, intends to boost efficiency and accelerate growth by investing $1 billion in automation, mergers and acquisitions, and equipment upgrades over the next three years. According to GlobalData, a leading data and analytics company, the move is a part of the company’s plan to diversify its geographic footprint, offset the decline […]
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Arrival, a British company that hopes to begin production of its van in the United States by the end of 2024, received a $300 million equity financing line from Westwood Capital on Monday. Arrival also stated that it wants to reduce the rate at which it burns cash. Over the past few months, EV companies […]
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According to sources, Jaguar Land Rover owner Tata Motors has insisted that it will not commit to building a battery factory in the UK to support the production of electric cars until it receives additional taxpayer support for its steel operations in the country. To assist in converting its Port Talbot, Wales steelworks to produce […]
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Dr. Reddy’s Laboratories (DRL) has agreed to buy Mayne Pharma Group’s US generic prescription product portfolio for $90 million up front and up to $15 million in contingent payments. The acquisition will add limited competition products to DRL’s US retail prescription pharmaceutical business. According to IQVIA, the total addressable market in the United States for […]
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Alphabet, Google’s parent company, has now fired robots that cleaned cafeterias at its headquarters, continuing the global layoffs. This occurs just one month after the tech giant laid off 12,000 human workers. According to a report, Alphabet’s “Everyday Robots” project, which is part of Google’s experimental X laboratories, has been halted by CEO Sundar Pichai. […]
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After it emerged that British farmers are planting only a third of the number of trees required to maintain orchards, claiming that their returns from selling to supermarkets are unsustainable, apples and pears may be the next food shortage in the UK. According to Ali Capper, the head of the British Apples & Pears trade […]
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More than 30 nations now offer Netflix subscription plans at lower prices. In an effort to increase the number of subscribers, the streaming giant has reduced the price. In addition to Egypt, Yemen, Jordan, Libya, Iran, Kenya, Croatia, Slovenia, Bulgaria, Nicaragua, Ecuador, Venezuela, Malaysia, Indonesia, Vietnam, Thailand, and the Philippines, the prices of the subscription […]
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Salesforce, a technology company based in the United States, announced that it would be purchasing 280,000 megawatt hours (MWh) of renewable energy certificates from small, distributed energy projects in order to speed up the availability of clean electricity in developing nations. Distributed renewable energy certificates (D-RECs), a financial instrument that enables organizations to deploy capital […]
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