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Westport to carry on light-duty business divestiture

“This milestone payment reflects continued progress in the post-closing steps of our Light-Duty business divestiture,” commented Elizabeth Owens, Chief Financial Officer at Westport. “While additional payments are expected as the transaction phases are completed, this interim payment strengthens our...
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Latin America, Volkswagen Truck & Bus celebrates the 45th anniversary

Throughout its history, the company has put more than 1,250,000 vehicles into circulation, 196,000 of which are on the road worldwide. "Who is behind these successful figures are approximately 5,500 employees divided between VWTB’s factories and operations in Brazil, Mexico, and Argentina", stated V...
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Let’s get familiar with GIGA (Green Industrial Grids Association)

The association has been created "to support a fundamental transformation of Europe’s power system by accelerating the development of modern and digital electricity grids". GIGA’s members include Amazon, Electra, Fastned, Google, Hitachi Energy, Linde, Meta, Metlen, Milence, Microsoft and Siemens En...
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Tesla to cut about 10% of its workforce due to global sales fall

Musk told employees with an internal message that the workforce reduction is inevitable and foresees quite difficult times for the company and the whole economy. Apparently, war prices over electric vehicles and the difficult challenge posed by Chinese manufacturers is affecting the global brand.
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