Tag: investment

September 8, 2023

Its Nova-C lander (pictured) – chosen by Nasa to deliver small commercial payloads to the lunar surface in the upcoming IM-1 mission – will return the United States to the Moon for the first time since Apollo 17 in 1972, […]

August 23, 2023

Goldman Sachs analysts expect manufacturing jobs to grow by 200,000 to 250,000 over the next two years and factory construction to rise 10 to 15% through the end of 2023, the investment banking firm reported this week. This forecast builds […]

August 15, 2022

Abbott is facing increased competition from Dexcom in Europe, which received a CE mark for its G7 device in March and began a commercialization strategy that initially targeted large markets such as Germany and the U.K. Abbott has been expanding […]

June 24, 2022

“We’re going slow and small or we’re going to go big and bold based on the Chips Act,” Intel CEO Pat Gelsinger (pictured) told Bloomberg, “we’re committed to go build two fabs there. I don’t want a two-fab site there. […]

December 13, 2021

In May, Intel announced a $3.5 billion investment into its Rio Rancho packaging facility in Albuquerque, New Mexico. Intel has emphasised that advances in a new generation of packaging technology are one of its planks in its target to take […]

September 15, 2021

The Timken Company in the UK supplies engineered bearings it manufactures into a multitude of industries including mining, food and beverage, pulp and paper, cement, marine and waste water. Recently there has been a significant increase in demand for larger […]

April 15, 2021

Walmart is investing in Cruise, General Motors’ majority-owned self-driving vehicle subsidiary, as part of a new $2.75 billion funding round for the company. The decision to invest comes about five months after the companies started developing a pilot program to […]

April 12, 2021

Huawei Technologies Co. will invest $1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc. and Xiaomi Corp. in the world’s biggest vehicle arena. Huawei’s autonomous-driving technology already has surpassed Tesla’s in some spheres, for […]

February 17, 2021

Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead. In plans announced Wednesday morning, Ford said […]

January 19, 2021

General Motors and Microsoft Corp. are leading a $2 billion investment round in self-driving car startup Cruise in a deal that will bring the software giant’s cloud and edge-computing capabilities to the venture. The new funds will raise Cruise’s post-investment […]

October 20, 2020

General Motors is investing about $2.2 billion in its U.S. manufacturing operations, largely to increase production of electric vehicles, the company announced Tuesday. The investment is the latest for the Detroit automaker as it pivots toward EVs under GM CEO […]

June 2, 2020

Volkswagen AG has closed on its $2.6 billion investment in Argo AI, the Pittsburgh-based autonomous vehicle start-up announced in a blog post Tuesday. The German automaker’s deal with Argo and Ford Motor, which acquired a majority stake in the start-up […]

March 17, 2020

In September 2018, The Guardian asked, “Do Robots dream of Prada?” The article discussed the arrival of artificial intelligence and other recent technological innovations in the fashion world. In the last five years, questions of the same nature have been […]

May 15, 2019

Hyundai and sister company Kia have jointly invested 80 million euros ($90 million) in the Croatian electric supercar maker Rimac Automobili. Hyundai will invest 64 million euros and Kia the remaining 16 million, the companies said in a news release. […]

March 18, 2019

The company has announced an investment of nearly $750mn in five different states. The new investments include adding the Toyota RAV4 Hybrid (the best-selling SUV in the US), and Lexus ES 300 Hybrid vehicle production at its Georgetown, Kentucky manufacturing […]

October 9, 2018

The company anticipates it will electrify its whole passenger vehicle line-up and provide over 50 battery-electrics, plug-in hybrids and 48-volt mild hybrids in a variety of different sizes and segments by 2022. Daimler board member, Markus Schaefer, said: “We aim […]

August 10, 2018

The Germany-based company, Bosch, is set to invest €77mn ($89mn) on expanding its existing research and development centre in Schwieberdingen, electrive.com reports. It is anticipated that the money will be spent on developing new offices for employees that work on […]

June 13, 2018

The value of six-year-old Grab will be just over $10 billion after the investment, said a person familiar with the matter. The deal comes as the auto industry faces a spike in the need for technological prowess with the advent […]

February 12, 2018

Foxconn Industrial Internet Co. is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion yuan ($4.31 billion) investment in next-generation projects. A unit of Hon Hai Precision Industry Co., the Taiwanese manufacturing giant responsible […]

February 5, 2016

South Carolina won 150 economic development projects, totaling $4.21 billion in capital investment in 2015. These investments resulted in 17,280 jobs by new and expanding businesses. At the top of the list was the manufacturing sector which accounted for $3.6 […]