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  • “With fully scalable manufacturing, we can grow with Bollinger Motors to meet the growing need from its fleet customers as they convert to electric vehicles,” said Brad Rzetelny, vice president of Roush Flexible Assembly.
    “With fully scalable manufacturing, we can grow with Bollinger Motors to meet the growing need from its fleet customers as they convert to electric vehicles,” said Brad Rzetelny, vice president of Roush Flexible Assembly.
    WWW.AUTOWEEK.COM
    Bollinger and Roush Join to Build Commercial EV Platforms
    Roush has been contracted to assemble the fleet-oriented platforms and chassis cabs.
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  • The firm, which will go EV-only by 2030, will over the next few years upgrade its largest plant in Torslanda, Sweden, focusing on sustainable technologies and manufacturing processes.
    The firm, which will go EV-only by 2030, will over the next few years upgrade its largest plant in Torslanda, Sweden, focusing on sustainable technologies and manufacturing processes.
    WWW.AUTOCAR.CO.UK
    Volvo to invest £800m to upgrade Torslanda plant for EVs | Autocar
    Firm will introduce mega-casting and a battery assembly plant, while refitting its paint shop and logistics area
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  • BMW will use round cells instead of prismatic ones for its “Neue Klasse” (New Class) underpinnings, following Tesla’s lead. The U.S. automaker has been using a cylindrical shape for some time.
    BMW will use round cells instead of prismatic ones for its “Neue Klasse” (New Class) underpinnings, following Tesla’s lead. The U.S. automaker has been using a cylindrical shape for some time.
    EUROPE.AUTONEWS.COM
    BMW targets 30% drop in battery prices to take on Tesla
    BMW will follow Tesla's lead in using round cells instead of prismatic ones, but says its batteries will have an energy density that is higher by at least a low double-digit percentage.
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  • The world's largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants' goods because it had room only for vital supplies.

    The company is lowering its capital expenditure plans for 2022, its Chief Financial Officer Brian Olsavsky said. Amazon will spend less on fulfillment projects this year than last, while transportation investments will be flat to slightly down.
    The world's largest online retailer on Thursday reported $2 billion in incremental costs from having excess fulfillment and transportation capacity, a dramatic shift from just two years ago when Amazon had to turn away merchants' goods because it had room only for vital supplies. The company is lowering its capital expenditure plans for 2022, its Chief Financial Officer Brian Olsavsky said. Amazon will spend less on fulfillment projects this year than last, while transportation investments will be flat to slightly down.
    WWW.MSN.COM
    Amazon's net loss prompts query: Has it built too many warehouses?
    Amazon's net loss prompts query: Has it built too many warehouses?
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  • Padding your savings is a priority in this scenario, but there's another, complementary strategy to consider. It involves increasing your Social Security income. Higher Social Security income allows you to take lower annual draws from your retirement account. And taking less from your savings every year should help you stay solvent, longer.
    Padding your savings is a priority in this scenario, but there's another, complementary strategy to consider. It involves increasing your Social Security income. Higher Social Security income allows you to take lower annual draws from your retirement account. And taking less from your savings every year should help you stay solvent, longer.
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  • “Our delegation proudly delivered the message that additional American support is on the way, as we work to transform President Biden’s strong funding request into a legislative package,” the statement added.
    “Our delegation proudly delivered the message that additional American support is on the way, as we work to transform President Biden’s strong funding request into a legislative package,” the statement added.
    WWW.MSN.COM
    Pelosi, in surprise Kyiv trip, vows U.S. support ‘until the fight is done’
    Pelosi, in surprise Kyiv trip, vows U.S. support ‘until the fight is done’
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  • Resistant to rising rates, though, does not mean impervious. At some point high borrowing costs will crimp demand. Moreover, the fundamentals underpinning the property rally—the limited supply of new homes—may prove to be, in part, an artefact of the pandemic. Nearly 1.6m homes are under construction nationwide, the most since the early 1970s. The problem is that the housing sector is, like other parts of the economy, suffering from labour shortages and gummed-up supply chains. It is taking longer than normal to complete construction. A resolution of these constraints could move America from a property shortage to a glut.
    Resistant to rising rates, though, does not mean impervious. At some point high borrowing costs will crimp demand. Moreover, the fundamentals underpinning the property rally—the limited supply of new homes—may prove to be, in part, an artefact of the pandemic. Nearly 1.6m homes are under construction nationwide, the most since the early 1970s. The problem is that the housing sector is, like other parts of the economy, suffering from labour shortages and gummed-up supply chains. It is taking longer than normal to complete construction. A resolution of these constraints could move America from a property shortage to a glut.
    WWW.ECONOMIST.COM
    The American property market is once again looking bubbly
    Soaring mortgage rates have yet to cool exuberant demand
    Wow
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  • The Russians left quickly on the night of March 30th, bolting the door and ordering Yahidne’s residents not to leave the basement until morning. In their rush, the soldiers left behind equipment and stark insights into their primitive ways. Cigarettes, bottles, human waste and stolen clothes—bras included—still litter their dugouts and sleeping quarters in the school’s ground floors. Outside the school, just beyond six white body bags, is a crate of military propaganda.
    The Russians left quickly on the night of March 30th, bolting the door and ordering Yahidne’s residents not to leave the basement until morning. In their rush, the soldiers left behind equipment and stark insights into their primitive ways. Cigarettes, bottles, human waste and stolen clothes—bras included—still litter their dugouts and sleeping quarters in the school’s ground floors. Outside the school, just beyond six white body bags, is a crate of military propaganda.
    WWW.ECONOMIST.COM
    A Ukrainian village tries to make sense of Russian occupation
    370 villagers were locked in a cellar for a month while soldiers plundered their homes
    Angry
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  • researchers from the centre for economic policy research (cepr), a network of economists, put the total cost of rebuilding ukraine in the region of €200bn-500bn ($220bn-540bn), roughly in line with the government’s own calculations. the way in which reconstruction happens, and the reforms that accompany it, will be just as important as the money spent. done well, it could transform an economy that was once captured by oligarchic interests into something more open and dynamic.
    researchers from the centre for economic policy research (cepr), a network of economists, put the total cost of rebuilding ukraine in the region of €200bn-500bn ($220bn-540bn), roughly in line with the government’s own calculations. the way in which reconstruction happens, and the reforms that accompany it, will be just as important as the money spent. done well, it could transform an economy that was once captured by oligarchic interests into something more open and dynamic.
    WWW.ECONOMIST.COM
    What will it cost to rebuild Ukraine?
    Economists put the price tag so far at $220bn-540bn. Reforms will be needed, too
    Angry
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