The FINANCIAL — Toyota AI Ventures, Toyota’s early-stage venture capital fund, announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada. The funding follows YPC Technologies’ participation in the 2020 Toyota AI Ventures “call for innovation” focused on smart,
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The FINANCIAL — General Motors announced its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. The name Factory ZERO reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future. Factory
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The FINANCIAL — Volvo Group reported Q3 financial results. In Q3 2020, net sales amounted to SEK 76.9 billion (98.7). Adjusted for currency movements, net sales decreased by 16%. • Adjusted operating income amounted to SEK 7,217 M (10,885), corresponding to an
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The FINANCIAL — Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 164,352 vehicles in Greater China in the third quarter. Strong sales momentum contributed to 25.4 percent year-over-year growth – the largest since fourth quarter 2016 – and
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The FINANCIAL — Porsche has joined the “Responsible Mica Initiative“ (RMI). This cross-industry coalition of international companies and non-governmental organizations is campaigning for transparency and improved working conditions in mica mining. The raw material is used in numerous industrial and cosmetic products.
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The FINANCIAL — As part of the Parliamentary Platform for Sustainable Transport, the Environmental Protection and Natural Resources Committee held the first working meeting which was composed of the Committee Chair Nino Tsilosani, representative of partner NGOs and experts. Committee held the meeting
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The FINANCIAL — Nikola Corporation and General Motors announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola’s program. As part of the agreement, Nikola will utilize General Motors’ Ultium battery system and Hydrotec fuel cell technology,
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The FINANCIAL — Nissan Motor Co., Ltd. today announced financial results for the three months ended June 30, 2020, and the outlook for fiscal year 2020. In the first quarter of the fiscal year, global industrywide auto sales fell by almost half amid the
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Ford Motor Co has told it was recalling about 26 000 cars in North America due to safety issues. For some of the cars airbag system may not perform as intended in some circumstances. Other affected vehicles were built without certain thermal protection components
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The FINANCIAL – Toyota is amending a safety recall involving possible fuel pump failures that can cause engines to stall. Toyota is adding 1.2 million vehicles to a major recall in the U.S. and added vehicles bring the total to 1.8 million.
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