May 23, 2022 10:44 am
Hyundai Motor Group (005380) said over the weekend that it intended to invest additional $5 billion in the United States by 2025, as it seeks to bolster collaboration with US companies in advanced technology. The group’s investments will focus on areas such as robotics, urban air mobility, autonomous driving and artificial intelligence. The third-largest auto […]
Read moreMay 20, 2022 11:09 am
Singapore Airlines Ltd’s (SIAL) Chief Executive Officer said on Thursday that the air carrier’s growth plans would probably not be heavily impacted by Boeing Co’s delivery date delay for its first 777X jets. In April, the US plane maker said its customers would receive the first 777X jet in 2025, compared with a previous target […]
Read moreMay 20, 2022 8:52 am
Ford Motor Co (F) announced on Thursday the recall of 39,000 SUVs after it received reports of 16 fires. The US auto maker also advised SUV owners to park their vehicles outdoors and at a distance from structures. The recall will affect some 2021 Ford Expedition and Lincoln Navigator models. The move came as an […]
Read moreMay 19, 2022 10:44 am
Stellantis’ regional sales chief said earlier this week the auto maker would begin a reshuffle of its European dealers’ network in 2023 from Austria, Belgium and the Netherlands, as well as its van and premium brands in all markets. Under the plan, Stellantis’ distribution structure in Europe will be shifted towards an “agency model”. This […]
Read moreMay 19, 2022 8:04 am
Netflix Inc (NFLX) said earlier this week it had laid off nearly 150 employees, mostly in the United States, as it struggles with decelerating growth. The layoffs account for nearly 2% of Netflix’s workforce in the United States and Canada, it said. The streaming service company reported its first loss of subscribers in over 10 […]
Read moreMay 18, 2022 10:26 am
The shares of Citigroup Inc (C) surged more than 7% on Tuesday, as a fresh $3 billion investment by Warren Buffett’s Berkshire Hathaway Inc increased confidence in the Wall Street bank’s stock. Berkshire Hathaway built its stake in Citi during the quarter ended on March 31st, as it took advantage of a 5% pullback in […]
Read moreMay 18, 2022 8:52 am
Snapchat is the fastest-growing US brand, registering 184% brand value growth¹ over the past year, according to research and analysis by TradingPedia. Globally, Snapchat ranks second among the fastest-growing brands, right after TikTok, which registered a brand value growth of 215% year-over-year, as reported in 2022. In Q1 2022, Snapchat managed to reach a 38% […]
Read moreMay 18, 2022 7:51 am
Sigma Labs Inc (SGLB) announced earlier this week it would begin conducting business under a new name – Sigma Additive Solutions, with immediate effect. “Our company’s decision to operate as Sigma Additive Solutions is an acknowledgement of the progress the Sigma team has made in creating the quality standard in additive manufacturing,” Sigma Labs’ Chief […]
Read moreMay 17, 2022 10:49 am
Tesla Inc (TSLA) has postponed a plan to bring back output at its Shanghai facility to levels prior to the city’s COVID-19 lockdown by at least 1 week, Reuters reported while citing an internal memo. Initially, the US electric vehicle maker intended to ramp up production at its Shanghai facility to 2,600 cars per day […]
Read moreMay 16, 2022 10:43 am
Ford Motor Co (F) said in a regulatory filing on Friday that it had sold 7 million shares of electric vehicle maker Rivian Automotive Inc for $188.2 million ($26.88 per share). This followed another announcement by the US auto maker on May 10th that it had sold 8 million shares of Rivian Automotive Inc for […]
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