JEDEC creates new automotive steering subcommittee
JEDEC Solid State Technology Association, the global leader in the development of standards for the microelectronics industry, announces the formation of the JC-42.9 Automotive Steering Subcommittee responsible for investigating memory technologies and recommending solutions pertaining to automotive applications. Following the Board of Directors’ approval earlier this month, the new subcommittee will hold its first meeting […]
Valvoline announces completion of the sales of global products business
Valvoline Inc., a trusted leader in preventive automotive maintenance delivering quick and convenient service, recently announced that it has completed the previously announced sale of its Global Products business to Aramco. The purchase price is USD 2.65 billion in cash, subject to certain customary adjustments. “It is a historic day for our 157-year-old brand. With the sale […]
Ford formulates Latitude AI for future automated driving technology
Ford Motor Company has established Latitude AI, a wholly owned subsidiary focused on developing a hands-free, eyes-off-the-road automated driving system for millions of vehicles. With the formation of Latitude, Ford adds a leading team of machine learning, robotics, software, sensors, systems engineering and operations talent as the automaker grows and expands its development efforts in […]
Platinum Equity appoints two Co-Presidents
Platinum Equity announced recently that veteran dealmakers Jacob Kotzubei and Louis Samson have been appointed co-presidents of the global investment firm. The two will continue to report to Platinum’s Founder and CEO Tom Gores. Mr. Kotzubei and Mr. Samson, each with more than 25 years of M&A experience, are currently partners and members of the […]
The Dubai Supply Authority and Excelerate Energy extends their time charter agreement
Excelerate Energy, Inc., announced recently the extension of its Time Charter Agreement with Dubai Supply Authority (“DUSUP”) for the FSRU Explorer. Prior to this agreement, the FSRU Explorer had a remaining firm charter period of approximately three years. Under the terms of the new agreement, the time charter period will be extended by an additional five years from […]
Yamaha Motor first to equip green aluminum in Japanese motorcycles
Yamaha Motor Co., Ltd. announced recently that it has reached an agreement with an aluminum ingot supplier for the procurement of green aluminum, and began using it as a raw material for parts in Yamaha motorcycles in February 2023. This is the first time for green aluminum to be used in Japanese motorcycles and the […]
Lucid Motors opens its first workshop in Oslo
Lucid Group, Inc., which sets new standards with the longest-range, fastest-charging electric car on the market, recently announced the opening of its new location European sales outlet in Oslo, Norway. The one in Oslo is the fourth point of sale in Europe and will open its doors to the public on Saturday, March 4. The studio opening will be attended […]
Universal Hydrogen fruitfully completes first flight of Hydrogen Regional Airliner
Universal Hydrogen Co. flew a 40-passenger regional airliner using hydrogen fuel cell propulsion. The airplane, nicknamed Lightning McClean, took off at 8:41am PST from Grant County International Airport (KMWH) and flew for 15 minutes, reaching an altitude of 3,500 MSL. The flight, conducted under an FAA Special Airworthiness Certificate, was the first in a two-year flight […]
Etihad Airways Engineering partners with Ramco Systems
Etihad Airways Engineering, one of the world’s leading providers of aircraft maintenance and engineering solutions, has partnered with global enterprise aviation software provider Ramco Systems to implement their Aviation Suite V5.9 . The project was officially announced at the 2023 MRO Middle East, held at the Dubai World Trade Centre, Dubai. With modules covering contract and quote management, maintenance planning, […]
Saturna SDN BHD initiates cutting-edge digital platform
Saturna Sdn Bhd, a leading shariah-compliant financial services firm, recently launched its digital platform as officially to help investors grow their wealth ethically and securely. The online tool enables individuals to begin their investment journey in just a few clicks, with the guidance of Saturna’s deep expertise in the world of Islamic finance. Unlike other […]
