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Intel's Mobileye tests market support for high profile IPO
... change assistance in driverless cars. Mobileye offers driver assistance technology and mapping technology that are currently in use today, in addition to self-driving chips and software. Mobileye , which counts BMW, Audi , Volkswagen, Nissan, Honda and General Motors as its clients, has been a bright spot for Intel, which is facing stiff competition in chip-making from Nvidia Corp and Qualcomm Inc.
Updated: 09/30/2022
Japan's factory output rises for third straight month
... decline in motor vehicle production, which swung into contraction after posting double-digit gains in June and July. Toyota Motor Corp , the world's largest automaker by sales, reported a month-on-month decline in Japanese output in August, although ... ... to the median forecast for a 2.8 per cent gain in a Reuters poll. The sales at medicine and toiletry stores, as well as fuel, general merchandise, and fabrics apparel and accessories, helped to boost retail revenues. In August, the seasonally adjusted ...
Updated: 09/30/2022
Japan factory output rises for third consecutive month
... offset a contraction in June and July, which swung into contraction after posting double-digit gains in June and July. Toyota Motor Corp , the world's largest automaker by sales, reported a month-on-month decline in Japanese output in August, although ... ... a 2.8% gain in a Reuters poll. Retail sales were helped by stronger sales at medicine and toiletry stores, as well as fuel, general merchandise, and fabrics apparel and accessories. The seasonally adjusted jobless rate was 2.5% in August, compared with ...
Updated: 09/30/2022
Investor who bought Nikola stock says filings are long and unilluminating
... Schonberger, who used the Robinhood trading platform that became famous in the heyday of meme stocks and SPACs. Schonberger, who tells the jury he drives a Tesla , said he bought $20,000 worth of Nikola stock on Sept. 8, 2020, when Nikola announced that General Motors Co. had taken a $2 billion equity stake in the company, and sold it two days later after a short-seller published an excoriating report. He said he felt deceived and took a $4,000 loss. Prosecutors allege that Milton misled investors about the ...
Updated: 09/29/2022
Hertz, BP team up for EV charging infrastructure
... drivers, as well as the general public. Hertz currently offers thousands of EVs at 500 locations across 38 states, which is a goal to electrify one quarter of its rental fleet by the end of 2024. Hertz agreed to buy up to 175,000 electric vehicles from General Motors through 2027 to expand its fleet, a deal with BP comes a week after Hertz agreed to buy up to 175,000 electric vehicles from General Motors . Hertz ordered last year and in April. BP Pulse was founded in 2021 after the acquisition of fleet ...
Updated: 09/29/2022
Robo-Glove to help workers avoid stress
... different setting to the factory floor. NASA developed an early version of the technology called Robo-Glove to help astronauts grasp objects and carry out work in space. Bioservo licensed the design in 2016 and then partnered with auto manufacturer General Motors GM to develop the glove for its workers. The field of ergonomics is to fit the jobs to the workers rather than having to adapt to the job, says Stephen Krajcarski , senior manager with GM 's ergonomics team. By using tools such as the Ironhand,...
Updated: 09/28/2022
GM to invest $760 million in EV drive plant
DETROIT, Michigan - General Motors will invest $760 million in its Toledo, Ohio factory to build drive units for electric trucks, its first powertrain facility in the U.S. to supply electrical vehicle production. DETROIT, Michigan - General Motors will invest $760 million in ...
Updated: 09/28/2022
China recovery from COVID-19 trough, refiners say
... decline of imports of crude oil this year has been seen in China for the first time in many years, said Chen Hongbing , deputy general manager at Rongsheng Petrochemicals, at the 38th Annual Asia Pacific Petroleum Conference APPEC We have seen output ... ... strong electric vehicle EV sales, which hit 6 million units in the first eight months this year, will affect growth in the motor fuel. He said this may lower gasoline demand growth even as consumption is expected to recover when China eases COVID 19 ...
Updated: 09/28/2022
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