December 6, 2022 12:13 pm
According to a Xinhua report, Tesla Inc (TSLA) sold 100,291 China-produced electric vehicles in November, which marked its highest monthly sales since the opening of the company’s Shanghai plant in late 2020. That figure represents a 40% surge compared to October sales numbers and a 90% increase compared to November 2021, after the electric car […]
Read moreDecember 5, 2022 11:02 am
BYD Co’s Japan unit said earlier today that it planned to begin selling its first battery electric vehicles in the country early in 2023. BYD said it would introduce an electric sport-utility vehicle, ATTO 3, with a driving range of 485 kilometers, in Japan as early as January 31st. The vehicle will cost JPY 4.4 […]
Read moreDecember 5, 2022 8:58 am
Exxon Mobil Corp (XOM) said last Friday that Lawrence “Larry” Kellner and John Harris had been appointed to its Board of Directors. Currently, Kellner serves as Chairman of the Board of Directors for Boeing Company. He is also President of Emerald Creek Group LLC, a Texas-based private equity company. From December 2004 to December 2009, […]
Read moreDecember 1, 2022 10:45 am
Honda Motor Co Ltd said earlier this week it would develop technology, which will allow its Level 3 self-driving solution to operate at any speed below legal limits on highways by the end of this decade. Level 3 is also known as conditional driving automation. It uses technology allowing drivers to engage in certain activities […]
Read moreDecember 1, 2022 8:15 am
National Bank of Canada, the sixth-largest lender in the country, on Wednesday reported a drop in profit for its fiscal fourth quarter, since the bank set aside higher provisions in the face of a recession. National Bank of Canada reported CAD 87 million in provisions for the three months ended on October 31st, up from […]
Read moreNovember 30, 2022 12:35 pm
Swedish fashion retailer Hennes & Mauritz said on Wednesday that it expected to cut 1,500 jobs as part of its cost-saving program it had announced in September. As a result, the company expects to take a restructuring charge of a bit over SEK 800 million in its fiscal fourth quarter, which runs from September 1st […]
Read moreNovember 30, 2022 9:30 am
ExteNet Systems, a leading privately held owner of LTE/5G wireless and fiber neutral-host communications infrastructure, and T-Mobile on Tuesday announced an exclusive agreement, under which ExteNet will deploy digital wireless infrastructure in large sports, entertainment, hospitality and transportation venues. This agreement expands ExteNet’s existing partnership with T-Mobile as a primary wireless carrier in its contracted […]
Read moreNovember 29, 2022 11:37 am
Coffee maker Lavazza has made a binding offer to buy France’s MaxiCoffee, it said on Monday, as it seeks to bolster its presence in the second-largest European economy as well as in e-commerce. “Our strategy is to support the further development of MaxiCoffee, which will maintain its profile as a multi-brand e-commerce platform and remain […]
Read moreNovember 29, 2022 9:00 am
Bread Financial Holdings Inc, a tech-forward financial services company that provides flexible payment, lending and saving solutions, said on Monday that it had formed a partnership with Versatile Credit Inc, a provider of innovative solutions linking bank lenders with consumers who apply for credit in retail stores. Under the tie-up, by using Versatile Credit’s platform, […]
Read moreNovember 28, 2022 11:29 am
According to a Monday report by the news service Dailian, citing an unidentified source, Hyundai Motor Co and LG Energy Solution Ltd are planning to establish two joint venture battery plants in the United States. The two facilities are expected to be set up in Georgia and each will have an annual capacity of about […]
Read more