June 19, 2022
Optiyol, as a transportation-focused tech company, periodically collects 5 notable news and pieces about transportation, logistics, supply chain solutions, autonomous cars, digitalization, the rise of ai, optimization, sustainability and market news.
1- Ford to invest $3.7B in US factories, add 6,200 union jobs in push to build more EVs
“Ford will invest $3.7 billion and add more than 6,200 union manufacturing jobs in Michigan, Ohio and Missouri as part of the automaker’s plan to sell 2 million EVs a year globally by the end of 2026.”
2- Panasonic to quadruple EV battery production capacity by fiscal 2028
“Panasonic Holdings plans to quadruple its production of electric vehicle batteries by fiscal 2028 as it expects increasing demand from American EV manufacturing giant Tesla.”
3- FedEx-Backed Freightos to Go Public in Merger With Gesher SPAC
“The company is expected to have $21 million in revenue this year, said Freightos Chief Executive Officer Zvi Schreiber, adding that the business has just began monetizing bookings.”
4- Citi says oil should be around $70 as demand drops and recession looms
“I'd say it's more in the $70 range than it is in the $120 range," Ed Morse said in an interview with Bloomberg on Tuesday. "If you look at the fair value for oil, look at the flowing curve. It's exaggerated."
5- U.S. retailer earnings show chasm among shoppers as inflation surges
“As high inflation has lifted prices of everything from TVs to toothpaste, lower-income consumers have curbed their spending habits, according to stores that cater to them.”
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