Written by Ahmed Alawi Tuesday, February 28, 2023 02:43 PM Zawya, an economic news website, highlighted that three international car companies plan to invest up to $145 million in Egypt over the next three years, Prime Minister Mostafa Madbouly said at a press conference on February 22nd.. Madbouly indicated that the major companies, namely Nissan, … Read more
General Motors is patenting a new technology that should keep the screens in cars clean from dust and fingerprints. The American company General Motors, under which several well-known car brands fall, boasted about the development of a new technology that should ensure practically constantly clean displays in cars. The technology should be able to remove … Read more
The American car manufacturer General Motors estimated the costs of ending its operations in Russia in 2022 to 657 million dollars, AP reported. According to the company’s accounts, the amount includes the write-off of net investments and the transfer of accumulated losses from transfer to profit. The concern notes that as of March 2022, it … Read more
General Motors and LG Energy announced they will invest an additional $275 million to expand their battery cell manufacturing joint venture in Spring Hill, Tennessee, with the goal of increasing production by more than 40 percent. The new investment between the two technology hubs adds to the $2.3 billion announced in April 2021 to build … Read more
Trevor Milton, the founder of Nikola, who boasted a revolutionary truck, was convicted of stock fraud and two counts of bank fraud. The ruling is expected to be announced in January. New York, October 15 (ČTK) – The founder of Nikola, an electric truck manufacturer, Trevor Milton has been found guilty of fraud, the AP … Read more
The Toronado was as luxurious and innovative as it was unreliable and dangerous. The controversial oldsmobile attracted buyers who took the time to react before the severe intervention of the concern. – Sign Oldsmobile was founded in August 1897, during its 107 years of independent and subsidiary existence, the automobile company has produced over 35 … Read more
The New York Stock Exchange on Wall Street Wall Street got off to a stable start to a packed week. Investors are eagerly awaiting various quarterly figures from American companies and the Fed’s interest rate decision. – (Photo: AP) – – – – Frankfurt, New York A potential setback for the US economy from a … Read more
New York At the weekend, Joe Biden had hinted at his plan in secrecy. He will use all “executive” options to prevent his climate policy from failing. Now it becomes clear what exactly he meant by that: Apparently the US President is about to declare a climate emergency. After China, the United States is the … Read more
Japanese Toyota hijacked the best-selling throne for the most sold new vehicles in the world’s second largest car market, the United States, from the American competitor General Motors (GM) in 2021, reports Reuters. It is the first time since 1931 that GM does not top the sales list for new vehicles in the domestic market. … Read more
Jakarta – Early last December, a tornado hit the Bowling Green Factory, Kentucky, owned by General Motors. The factory is responsible for producing the Corvette C8. Quoted from Autoblog, Wednesday (12/29/2021) the storm has damaged 122 Corvettes that have finished production. The plan was that the 122 Corvette C8 would be sent by consumers, but … Read more