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| Jaguar brand cars to jump into total electric by 2025 |
2/17/2021 |
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Jaguar Land Rover, which is owned by Indian conglomerate Tata Motors, hopes the move will help turn around the fortunes of the 86-year-old Jaguar brand, which for many epitomizes class but has struggled in recent years.
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| GM adds Chevrolet Bolt to its EV line up |
2/16/2021 |
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The latest offering comes from General Motors, which unveiled a Chevrolet Bolt compact SUV on Sunday. It comes with an estimated range per charge of 250 miles (400 kilometers) and a $33,995 starting price tag.
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| Georgia's governor lobbies Biden to block Korean battery plant |
2/16/2021 |
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The U.S. International Trade Commission ruled Wednesday that SK Innovation, a South Korean company, stole 22 trade secrets from competitor LG Energy Solution and that the company should be barred from importing, making or selling batteries in the United States for 10 years.
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| Bombardier to end Learjet productions |
2/15/2021 |
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That means the elimination of 1,600 jobs in Canada and the United States, another blow to aircraft manufacturing, which has withered in the pandemic.
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| Semiconductor companies turns to government for help on shortage |
2/15/2021 |
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The Semiconductor Industry Association — a trade group representing nearly all of the nation’s semiconductor industry, including Intel, IBM and Texas Instruments — says “bold action” is needed to address the challenges facing the sector, and that the U.S.’s leadership in tech is “at risk.” In a letter to the Biden administration.
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| Uber found salvation from its Uber Eat services |
2/12/2021 |
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Uber plans to expand the company’s food-delivery operation as part of an effort to build a more versatile transportation service. Those efforts, which included a $2.65 billion acquisition of Postmates last year, have enabled the food-delivery service to bring in nearly as much revenue Uber's ride-hailing business.
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| Toyota calls for diversity in Electrical Vehicles |
2/12/2021 |
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Toyota said it has a goal of having 40 percent of its new vehicle sales be electrified by 2025 and nearly 70 percent by 2035. It also is developing dedicated underpinnings to be used in future electric vehicles.
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| Shell Oil to reduce refinery capacity |
2/12/2021 |
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Shell said that as the company cuts production of traditional fuels it will reduce the number of refineries it operates to six from 13. The six remaining sites will produce both chemicals and energy, Shell said.
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| Makita U.S.A. acquires land for future development |
2/10/2021 |
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Makita U.S.A., Inc. is continuing its commitment to future growth in the US market with the purchase of 80 acres in Georgia. The land, located northeast of Atlanta in Hall County, is the target for planned future development to address continuing growth in the United States.
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| U.S. senators met to address global chip shortage |
2/9/2021 |
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The senators, from key auto states like Michigan, Ohio, Tennessee, Wisconsin, Illinois, Indiana and South Carolina, in a letter to the White House warned the “shortage threatens our post-pandemic economic recovery.”
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| Softbank manage to make good profit amid pandemic |
2/9/2021 |
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Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank's profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year.
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