June 7, 2023 9:02 am
Ford Motor Co (F) said on Tuesday that it would recall 125,000 sport utility vehicles and trucks, since engine failures may trigger a fire. According to the company, isolated engine manufacturing issues can cause the engine to fail prematurely and, in such a case, engine oil or fuel vapor may be released, which increases the […]
Read moreJune 6, 2023 9:07 am
AUD/USD registered a fresh three-week high on Tuesday after the Reserve Bank of Australia delivered an unexpected rate hike, which brought borrowing costs to their highest level since April 2012. The RBA raised its cash rate by 25 basis points to 4.10% at its June policy meeting earlier on Tuesday, while confounding market expectations of […]
Read moreJune 6, 2023 8:06 am
Volvo Cars (VOLCARb), majority-owned by China’s Geely, on Monday reported a 31% year-on-year surge in its sales for May to 60,398 vehicles. Sales in Europe went up 40% YoY, those in China grew 49% YoY, while sales in the United States were up 14% YoY, the company said. As the auto maker has started to […]
Read moreJune 5, 2023 9:01 am
According to a report by Rheinische Post newspaper, consumer goods company Henkel intends to continue with its plan involving acquisitions despite rising interest rates. “We have a strong balance sheet, we intend to make further acquisitions,” Carsten Knobel, Henkel’s Chief Executive Officer, told the German media. “The return of rising interest rates rather benefits us […]
Read moreJune 5, 2023 8:10 am
Volkswagen AG said on Friday that it would begin selling battery-powered variants of its VW bus in North America from 2024 onwards after a two-decade hiatus. The fully electric ID. Buzz will also come in an extra-long variant equipped with a larger 85 kilowatt per hour battery and is meant to seat up to 7 […]
Read moreJune 2, 2023 9:31 am
Group 1 Automotive Inc, a global automotive retailer with 206 dealerships located in the United States and the United Kingdom, said on Thursday that it had acquired Beck & Masten Kia. “We want to welcome our new teammates from Beck & Masten Kia to the Group 1 family. Kia is a new brand for our […]
Read moreJune 2, 2023 8:03 am
Constellation Energy Corp, the largest producer of clean, carbon-free energy in the United States, said on Thursday that it would acquire NRG Energy Inc’s 44% stake in the South Texas Project Electric Generating Station – a 2,645-megawatt, dual-unit nuclear plant located 90 miles southwest of Houston. The deal is valued at $1.75 billion, while the […]
Read moreJune 1, 2023 9:27 am
Global technology company Epson said on Thursday that it had teamed up with The 5 Gyres Institute in an attempt to raise awareness of plastic pollution and identify solutions for clientele to cut back plastics in their work and home. 5 Gyres is a leader in the global movement battling plastic pollution with almost 15 […]
Read moreJune 1, 2023 8:06 am
Jacobs and Palantir Technologies Inc said on Wednesday that they had expanded their partnership with a focus on leveraging Palantir’s AI capabilities in order to commercialize new AI solutions that encompass critical infrastructure, advanced facilities, supply chain management among others. “While we have understood the power and promise of AI for years, we saw clear […]
Read moreMay 31, 2023 10:42 am
GXO Logistics Inc on Tuesday announced an expansion of its partnership with Bigblue to include warehouse logistics in France. The tie-up between the two companies began in Spain in a shared space facility. Bigblue is to occupy part of a large scale GXO facility in Tigery, France, where it expects to handle several million orders […]
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