May 26, 2023 7:03 am
Loblaw Companies Limited on Thursday announced plans to buy 5 Class 8 T680 hydrogen fuel cell electric vehicles from Kenworth, which have a range of over 700 kilometers. The new vehicles are expected to provide Loblaw with greater flexibility to complete long-haul zero-emission deliveries. The T680 EVs are powered by Toyota fuel cell technology and […]
Read moreMay 25, 2023 8:56 am
According to a report by the Verge on Wednesday, Verizon Communications Inc conducted a meeting with customer service employees to inform them of upcoming “restructuring” and “streamlining” measures, which could lead to significant layoffs. Over 6,000 employees reportedly attended the event, while the consolidation measures could impact far greater numbers. Further details will be disclosed […]
Read moreMay 24, 2023 10:51 am
According to a report by Reuters, citing knowledgeable sources, energy giant Repsol intends to sell a 49% stake in wind farms and photovoltaic power plants across Spain. According to one source, the deal would be valued at between EUR 700 million and EUR 800 million. The renewable plants are operational or near operational and have […]
Read moreMay 23, 2023 9:12 am
General Motors Co said on Monday that it would unveil an all-electric variant of its flagship Cadillac Escalade later in 2023. The new SUV will be named Escalade IQ, GM said. The Cadillac Escalade IQ is expected to utilize the US auto maker’s Ultium battery cells, motors and technologies, which GM employs to power and […]
Read moreMay 22, 2023 9:28 am
Volvo Trucks said on Monday that it had signed a letter of intent over the sale of 1,000 electric trucks between now and 2030 to Holcim, which is among the largest building solution providers globally. The first 130 heavy electric Volvo FH and Volvo FM trucks are expected to be delivered to certain markets such […]
Read moreMay 21, 2023 12:27 pm
Volkswagen AG said on Friday that it had finalized the sale of its Kaluga production facility in Russia along with its local subsidiaries. The deal encompasses the production facilities in Kaluga, the importer structure consisting of distribution and after-sales business along with the warehousing and financial services activities with all the staff. The German group […]
Read moreMay 20, 2023 12:51 pm
Merrill, the investment and wealth management arm of Bank of America Corp, on Friday announced changes in leadership across divisions. Greg McGauley, who joined Merrill almost three decades ago, has been appointed as the head of private wealth management internationally. At Merrill, McGauley has been in a number of senior roles, including head of private […]
Read moreMay 18, 2023 9:21 am
According to a report by Reuters, citing an internal memo from Volkswagen brand chief Thomas Schaefer, the auto maker intends to overhaul its core brand in an attempt to bolster efficiency and returns. “We can see that our brand – despite all its strengths – is not yet on a sufficiently solid economic footing,” Volkswagen’s […]
Read moreMay 17, 2023 10:41 am
Shell Plc said on Wednesday that it would take advantage of AI technology provided by big-data analytics company SparkCognition in its deep sea exploration and production. The AI algorithms by SparkCognition will process and analyze huge amounts of seismic data in the search for undiscovered oil reservoirs, the companies said. The objective is to bolster […]
Read moreMay 17, 2023 8:54 am
Mercedes-Benz’s van unit said this week it planned a new, scalable platform for its electric vans, which will enable it to cut fixed costs by 20% by the middle of the decade. Mercedes’ van unit expects electric vans to account for about 20% of total sales by 2026. It also projects double-digit margins on zero-emission […]
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