In a statement Volta Trucks said, it had raised $260 million (230 million euros) through a Series C funding round, to help it launch the series production of its Volta Zero electric truck late this year. Stockholm-based Volta Trucks, which… Read More ›
In a statement, Japanese chip and display materials maker JSR Corp stated, it would nominate Robert Hale, a partner at U.S. hedge fund ValueAct Capital, to be an outside director. In early 2020, ValueAct Capital became a major shareholder in… Read More ›
Although its second quarter profits have beaten analysts’ estimate, its profit forecast for the third quarter is well below Wall Street’s expectations. U.S. chipmaker Micron Technology Inc stated, it sees a recovery in the memory chip market in the coming… Read More ›
GE to distribute 8.7 billion shares to its to shareholders on February 14. General Electric Co expects to close the merger of its transportation business with Wabtec Corp on Feb. 25. It will then set date for the distribution of… Read More ›
The story gets interesting since the Polish national is a former agent of Poland’s internal security agency. On Friday, in a development that yet again points the finger of accusations at Chinese telecom giant Huawei, Poland has arrested a Chinese… Read More ›
Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
The strategic acquisition, aimed at garnering more revenues from the higher-margined spares parts and airplane services industry, does not significantly impact its 2018 guidance or its capital deployment strategy. On Tuesday, in a move aimed at expanding its aircraft services… Read More ›
Increased competition and its focus on brick-and-mortar stores instead of online shopping models could be some of the reasons for its lackluster performance. Its underpriced shares have attracted sharks, with hedge funds stating that it could make a good acquisition…. Read More ›
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