April 2022:Doosan Lentjes, operating as a general contractor, is in the process of building one of Europe's most advanced waste-to-energy (WtE) facilities in Wiesbaden, Germany. This new plant, boasting a capacity of approximately 240,000 tons per year, is designed to thermally treat residual waste and refuse-derived fuel (RDF) produced in the Hessian state capital. The objective is to handle these waste materials reliably and in an environmentally responsible manner.
In February 2023, Solifi, which provides secured finance technology as a software association at the global level, announced its latest technology partnership with One Auto API in the scope of expansion of Solifi’s DataDirect offerings to the United Kingdom on a pay-per-use basis. This consortium provides instant and easier access to extensive schemas of automobile data from multiple sources through a single application programming interface for small as well as large retail, fleet, dealer and insurance users.
In February 2023, Jan- Aaron Bickart, who is Executive Vice President and General Manager of OfferLogix, spoke to CBT’s journalist Jim Fitzpatrick regarding economic issues, advertising and marketing activities of automotive finance today, as well as about the NADA exhibition of 2009.
Even his plans related to additional investment towards the EV makers have not been implemented by the founders of VinFast. He lost about $3 billion from 2021 till September 30, 2022, and expects to keep making operating and net losses in the foreseeable future.
In January 2023, a single-digit return on capital investment is projected for growth of the Indian auto business during the planning year 2023-24.
In November 2022, The Capital One auto funding team cut and fired members of the unit active in the finance department after several profit warnings. Capital One has revised it’s notice that there is a layoff of a few of its personnel in the auto finance business. It was, however, pointed out that they are free to make applications in the same institution for other positions.
In November 2022, Volvo has recently inaugurated its Tech Core in Bangalore, India emerged as the Automotive Technology Hub of the world.
In addition, India also rejoices with the blossoming of automotive technology, and tier 1 suppliers like bosch have started their r and D trade to meet the global requirement.
For example, in March of 2022, a digital retailing company in the automotive industry, Car Now, had a partnership with legal and crypto Cion Digital. In this collaboration, Car Now will provide auto dealers with safe and expeditious crypto payment and lending services.
For example, back in 2021, in October to be specific, Upstart, a cool AI lending platform, announced its Upstart Auto Retail software was in the house. This software contains financing features that are powered with AI on the part of the lenders that helps to better the service offered to the customers.
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