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- U.S.-based Navistar is working with part-owner Volkswagen AG (VOWG_p.DE) on electric trucks, along with major suppliers including U.S. engine maker Cummins Inc (CMI.N), integrated systems maker Meritor Inc (MTOR.N) and power management company Eaton Corp (ETN.N). Navistar plans to provide tester models with a range of around 100 miles to major customers in 2019 and aims for “low-volume” production in early 2020, said Denny Mooney, Navistar’s vice president of engineering. - Salt Lake City, Utah-based startup Nikola Motor Company has partnered with suppliers including Bosch Corp ROBSCJ.UL Meritor and Wabco Holdings Inc (WBC.N). Nikola’s trucks have a range of 500 miles to 1,200 miles depending on the weather, terrain and load, and the company has around $11 billion in pre-orders, CEO Trevor Milton said.
Nikola’s two largest customers are Anheuser Busch InBev NB (ABI.BR), which has pre-ordered up to 800 trucks and trucker U.S, Xpress Enterprises Inc (USX.N), which has ordered an undisclosed number, Nikola will build couple of dozen test trucks in 2019, and around 100 more trucks in 2020, - Daimler AG stainless steel round infinity engravable cufflinks (DAIGn.DE) will launch its 250-mile range eCascadia in 2021, which is aimed at regional distribution and port services, Daimler said it will deliver a total of 30 prototypes to customers later this year for field-testing and expects to have the trucks in production in 2021..
Stuttgart-based Daimler will invest more than 2.5 billion euros ($2.9 billion) in R&D for its truck operations by 2019, with more than 500 million euros earmarked for electric heavy-duty commercial vehicles, connectivity and self-driving technology. - Japan’s Toyota Motor Corp (7203.T) is testing two prototype hydrogen fuel-cell electric trucks in “drayage” operations at California’s Los Angeles and Long Beach ports, which are served by more than 17,000 registered trucks.
BEIJING (Reuters) - China must balance the need for stable growth while managing risks and maintain stainless steel round infinity engravable cufflinks a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers, Data released on Friday showed the world’s second largest economy growing at its weakest pace since the global financial crisis, underscoring challenges for Beijing amid an escalating trade war with the United States and sluggish domestic demand..
The State Council Financial Stability and Development Commission held a special meeting on Saturday led by Vice Premier Liu He to discuss fending off financial risks, according to a statement published by the State Council. Senior officials in the commission said China must properly balance needs for growth, de-leveraging and strengthening supervision, the statement said. China has been gradually easing monetary and fiscal policy in recent months to support growth. The central bank earlier in October announced its fourth reserve requirement ratio cut of 2018 to cut funding costs, while the government has signaled it would increase infrastructure spending.
Regulators have emphasized in recent months the need to ensure proper funding support for smaller companies, Sunday’s statement on the state council commission’s meeting said China will focus on resolving financing difficulties stainless steel round infinity engravable cufflinks of smaller firms and the private sector, adding that loans to promising companies facing short-term difficulties should not be blindly cut off, It also said the government will encourage qualified private entities to set up funds that would support the private economy without elaborating further..
(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO). By Liana B. Baker and Carl O’Donnell. NEW YORK/SAN FRANCISCO (Reuters) - Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday. CrowdStrike is the latest in a wave of Silicon Valley startups, including ride hailing firms Uber Technologies Inc [UBER.UL] and Lyft Inc, that are eyeing a 2019 stock market listing after repeatedly turning to private investors for funding. A booming stock market has boosted corporate valuations, making the IPO option more attractive.
CrowdStrike is aiming to be valued more than the $3 billion funding round stainless steel round infinity engravable cufflinks assigned to it earlier this year, the sources added, CrowdStrike’s IPO plans could still change, the sources cautioned, asking not to be identified because the matter is confidential, CrowdStrike and Goldman Sachs declined to comment, Sunnyvale, California-based CrowdStrike raised $200 million in June led by investors General Atlantic, Accel and IVP, Other major backers include CapitalG, an investment arm of Google’s parent company Alphabet Inc and Warburg Pincus LLC..