General Motors

Monro, Inc. Appoints Auto Industry Veteran Thomas B. Okray to Board of Directors

Retrieved on:

Thursday, February 15, 2024

Retail, Other Automotive, General Automotive, Automotive, Specialty, General Motors, Eaton Corporation, Executive Committee, Chairperson, W. W. Grainger, Amazon (company), Management

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Thomas B. Okray has been appointed to the Company’s Board of Directors, effective immediately.

Key Points:

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, today announced that Thomas B. Okray has been appointed to the Company’s Board of Directors, effective immediately.
Mr. Okray will serve on the Executive Committee.
Robert E. Mellor, Chair of the Board and Nominating and Corporate Responsibility Committee, said, “Tom’s impressive background will be a valuable addition to Monro’s Board.
Consistent with ongoing shareholder dialogue, adding his relevant automotive industry expertise reflects our continued commitment to refreshing and enhancing the skills and experience currently represented on our Board.

NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations

Retrieved on:

Thursday, February 15, 2024

View the full release here: https://www.businesswire.com/news/home/20240214714914/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240214714914/en/
Map of NMG’s integrated extraction and advanced manufacturing routes to supply Panasonic Energy and GM.
I am confident that such commercial and investment levers will constitute the bedrock on which NMG can build its Phase 2 operations and more.
Thanks to visionary customers and investors, we are now moving toward establishing a fully local and traceable value chain.
The Investor Rights Agreement also provides Mitsui with certain rights relating to its investment in NMG, namely certain board nomination and anti-dilution rights.

NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment

Retrieved on:

Thursday, February 15, 2024

GM also commits to subscribe for a further US$125 million of equity upon the successful completion of conditions precedent and a positive final investment decision (“FID”) (the “Tranche 2 Investment” and together with the Tranche 1 Investment, the “Transaction”).

Key Points:

GM also commits to subscribe for a further US$125 million of equity upon the successful completion of conditions precedent and a positive final investment decision (“FID”) (the “Tranche 2 Investment” and together with the Tranche 1 Investment, the “Transaction”).
NMG and GM will also enter into an investor rights agreement (the “Investor Rights Agreement”) which includes registration rights at the closing of the Tranche 1 Investment.
The Investor Rights Agreement also provides GM with certain rights relating to its investment in NMG, including certain board nomination and anti-dilution rights.
Copies of the Subscription Agreement, the Offtake Agreement, and the Investor Rights Agreement will be available on the Company’s page on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov .

NMG and Panasonic Energy Announce Binding Offtake Agreement and US$25 Million Private Placement to Secure the Supply of Active Anode Material for North American Battery Production

Retrieved on:

Thursday, February 15, 2024

View the full release here: https://www.businesswire.com/news/home/20240214190689/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240214190689/en/
Kazuo Tadanobu, President and CEO of Panasonic Energy, and Eric Desaulniers, President, and CEO of NMG.
The binding Offtake Agreement covers the supply of a committed annual volume of 18,000 tonnes of active anode material by NMG to Panasonic Energy for an initial seven-year term from the commencement of the Company’s Phase-2 production.
The Company’s active anode material complies with the U.S. Government’s Inflation Reduction Act battery material sourcing requirements for EV subsidies.
NMG has also announced having agreed to enter a multiyear offtake agreement and a private placement with General Motors Co. ( NYSE: GM ).

Hock E. Tan and John Arnold to Join Meta Board of Directors

Retrieved on:

Wednesday, February 14, 2024

MENLO PARK, Calif., Feb. 14, 2024 /PRNewswire/ -- Meta today announced that Hock E. Tan and John Arnold have been elected to the company's board of directors, effective immediately.

Key Points:

MENLO PARK, Calif., Feb. 14, 2024 /PRNewswire/ -- Meta today announced that Hock E. Tan and John Arnold have been elected to the company's board of directors, effective immediately.
Mark Zuckerberg, Founder and CEO of Meta, said, "I'm excited to share that Hock Tan and John Arnold are joining Meta's board of directors.
"I am pleased to join the Meta Board and contribute to achieving the company's vision," said Tan.
Hock Tan has served as Broadcom's President & CEO and a member of the Board of Directors since March 2006.

INVNT™ Further Expands Service Offerings in Event Management Sector, Reinforcing Industry Leadership

Retrieved on:

Wednesday, February 14, 2024

General Motors, Merck, Certification, Zillow, Samsung, COP28, Certified Meeting Professional, Meta, CMP, Amazon, VMware, Microsoft, PepsiCo, Partnership

New York, NY, Feb. 14, 2024 (GLOBE NEWSWIRE) -- INVNT ™, the global leader in live brand storytelling, is proud to announce the continued expansion of its service offerings within the event management sector.

Key Points:

New York, NY, Feb. 14, 2024 (GLOBE NEWSWIRE) -- INVNT ™, the global leader in live brand storytelling, is proud to announce the continued expansion of its service offerings within the event management sector.
Petrina Rosholt, CMP (Certified Meeting Professional), who has been with INVNT for 10 years, was promoted to Vice President of Account Services and Event Management.
“At INVNT, we have always been at the forefront of offering comprehensive event management services, seamlessly integrating logistics, planning, and project management to create engaging storytelling experiences.
The recent expansion of event management services further positions INVNT to meet the growing demands of a dynamic global market, reinforcing its commitment to innovation, customer service, and partnership.

The Electrifying Rise of Electric Boats

Retrieved on:

Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points:

Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

The Electrifying Rise of Electric Boats

Retrieved on:

Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points:

Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

MikeWorldWide Public Relations Taps Luke Lewis to Join Corporate Communications Practice

Retrieved on:

Wednesday, February 14, 2024

Clorox, General Motors, Fortune 500, DLA Piper, Edelman Financial Engines, Levi Strauss & Co., Cisco, Ford Motor Company, ESG, MWW, Consultant, FleishmanHillard, MikeWorldWide, Piper

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- MikeWorldWide, a leading independent public relations agency, has hired Luke Lewis as executive vice president and managing director of its New York corporate communications practice. In the newly created position, Lewis is responsible for leading the New York corporate practice's already strong team of consultants and roster of clients while supporting the agency's aggressive growth ambitions. He will report to president and chair of reputation management, Carreen Winters.

Key Points:

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- MikeWorldWide , a leading independent public relations agency, has hired Luke Lewis as executive vice president and managing director of its New York corporate communications practice.
Lewis joins MikeWorldWide after nearly nine years at FleishmanHillard, where he served in various leadership roles in the agency's New York and San Francisco offices.
Lewis has also worked extensively in crisis and issues management, executive thought leadership, employee communications, and strategic brand positioning.
The team's corporate communications expertise spans thought leadership and executive eminence, ESG and purpose programming, employer brand, and internal communications.

Electric vehicles are suddenly hot − but the industry has traveled a long road to relevance

Retrieved on:

Tuesday, February 13, 2024

EVS, Precocious, EV, General Motors, Entrepreneurship, Steam, Government, Behavior, Habit, Tesla Roadster, History, Social, Word, Hand, Cool, Research, Travel, Fireworks

In some parts of the world, such as Norway, the percentage was a whopping 20%.

Key Points:

In some parts of the world, such as Norway, the percentage was a whopping 20%.
In California, where I live, almost 60% of people looking for a car in 2021 said they would at least consider getting an EV.
The key word here is “seemingly.” And the answer reveals an interesting history that most people are completely unaware of.
When I ask students, “How long have EVs been commercially available?” most of them will answer five years, or 10, perhaps 20.

Electric vehicles and the long road to adoption

Most people don’t know that they’ve been commercially available since as far back as the 1890s.
Yes, that’s how long it’s been since that battle was first fought.
Almost 40% of vehicles on the road in the early 1900s were electric.

The ‘cool factor’ − but so much more

And they’re right: The Tesla Roadster did make EVs cool – if expensive, at over US$100,000 dollars at its launch in 2008.
But there are many more factors that explain the rise in demand and, more importantly, broad adoption of EVs.
One reason for the rise in demand starting in about 2010 is better and more widely available charging infrastructure.

Technology adoption: It takes a village − and time

Technology adoption is influenced by what’s known as “peer effects” – the desire to compare oneself with others.
The same is true, for instance, of solar panel adoption, another technology that, like EVs, has both personal and social benefits.
Technology comes from the Greek word “techne,” which means a practice, a set of habits and a way to accomplish a goal.
Without this alignment, new tech will sit on a shelf for a long time but never succeed – like EVs almost did.

Hovig Tchalian does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.