September 23, 2022 6:20 am
Toyota Motor Corp (7203) said on Thursday that it aimed to produce about 800,000 vehicles globally next month, as semiconductor shortages continued to persist. In August, the Japanese auto maker had said it sought to produce about 900,000 vehicles per month from September through November. According to Toyota’s October production plan, production will be suspended […]
Read moreSeptember 21, 2022 10:18 am
Ford Motor Co (F) warned earlier this week inflation-related supplier costs would be about $1 billion higher than expected during the third quarter. The auto maker said it would have 40,000 to 45,000 vehicles in inventory due to unspecified parts supply shortages. Ford said those vehicles would be “completed and sold to dealers during the […]
Read moreSeptember 21, 2022 7:50 am
World Health Energy Holdings Inc (WHEN), a telecom and cybersecurity company with proprietary technologies aimed to protect individuals and businesses from cybersecurity threats, said on Tuesday that its Polish subsidiary, Cross Mobile Sp. z o.o., had signed a GSM contract with Polkomtel Sp. z o.o. “The signing of this contract is the first of three […]
Read moreSeptember 20, 2022 10:49 am
According to a report by Spanish news website El Confidencial, which cited unnamed sources, Amazon.com Inc (AMZN) has suspended the construction of new warehouses in Spain until 2024. On the other hand, the US e-commerce giant said that its commitment to Spain remained. “In 2022, we have opened new logistics stations, Amazon Fresh hubs and […]
Read moreSeptember 18, 2022 3:39 pm
Walt Disney Co (DIS) pulled earlier this week the “Star Wars” movie “Rogue Squadron” from its 2023 film schedule. The company provided no indication on when a new movie in the blockbuster franchise would be released. This would have been the first “Star Wars” movie to hit theaters since “The Rise of Skywalker” was released […]
Read moreSeptember 16, 2022 10:04 am
General Motors Co (GM) on Thursday announced plans to invest $491 million in its Marion metal stamping facility in Indiana to bolster production of steel and aluminum stamped parts for future products, including EVs. The auto maker said it would buy and install two new press lines, complete press and die upgrades, renovations and expand […]
Read moreSeptember 15, 2022 6:44 pm
CI Financial Corp (CIX) on Thursday reported preliminary total assets of CAD 345.9 billion as of August 31st. That represents a 16.7% decrease compared to August 2021. The company’s assets under management dropped to CAD 119.0 billion in August from CAD 121.4 billion in July and CAD 142.9 billion in August 2021. That amount includes […]
Read moreSeptember 14, 2022 2:50 pm
Volcon Inc (VLCN), the first all-electric, off-road powersports company, said on Wednesday that it had appointed Katie Hale as its Chief Marketing Officer. Prior to this appointment, Hale was head of outdoor sports marketing for Atlanta-based consulting company The Virtus Solution. Before that, she led marketing teams for iconic outdoor brands such as Remington Outdoor […]
Read moreSeptember 13, 2022 10:35 am
Nissan Motor Co Ltd (7201) said on Monday that it would extend its suspension of an assembly facility in Saint Petersberg, Russia, for three months until December. The facility was idled in March following Russia’s incursion into Ukraine and was initially slated to resume operations in late September. Plant suspension was extended due to persisting […]
Read moreSeptember 13, 2022 8:46 am
Magna International Inc (MGA), a leading mobility technology company, said this week it had invested $77 million in Yulu, India’s largest electrified shared mobility provider. As part of the deal, Magna will acquire a stake in Yulu and will have a seat on its board of directors. Additionally, Magna and Yulu said they had founded […]
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