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Move Over, Nvidia and Broadcom: Wall Street's 2 Newest Stock-Split Stocks Are Taking Center Stage This Week
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Warren Buffett's $5.4 Billion Warning to Wall Street Foreshadows Trouble to Come
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Nvidia Doubled Its Money on This Artificial Intelligence (AI) Stock. Should You Buy It Too?
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3 No-Brainer Dividend Stocks With Yields Above 5% You Can Buy Now and Hold at Least a Decade
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The Newest Artificial Intelligence (AI) Stock in the S&P 500 Is Up 370% Since 2023. Wall Street Says Avoid It.
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US bitcoin ETFs bleed $1.2 billion in longest run of net outflows
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Trump and Biden agree: The US should finally start a sovereign wealth fund
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Chinese Stocks on Verge of Five-Year Low as Recovery Hopes Fade
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Stocks Fall as Payroll Data Add to Slowdown Fears: Markets Wrap
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Volvo’s electric truck with 600km range
Up to 600 km on one single charge. That’s how far Volvo’s next-generation heavy-duty electric truck will be able to drive. The longer range represents a break-through for long-distance transport with zero tailpipe emissions. Source: Timberbiz The electrification of heavy trucks is continuing across the world and longer distances are now becoming a possibility. Next year Volvo will launch a new long-range version of its FH Electric that will be able to reach up to 600 km on one charge. This will allow transport companies to operate electric trucks on interregional and long-distance routes and to drive a full working day without having to recharge. The new Volvo FH Electric will be released for sale during the second half of 2025. “Our new electric flagship will be a great complement to our wide range of electric trucks and enable zero-exhaust emission transport also for the longer distances. It will be a great solution for transport companies with a high annual mileage on their trucks and with a strong commitment to reduce CO2,” says Roger Alm, President Volvo Trucks. The enabler for the 600 km range is Volvo’s new driveline technology, the so-called e-axle, which creates space for significantly more battery capacity onboard. More efficient batteries, a further improved battery management system and overall efficiency of the powertrain also contribute to the extended range. Volvo Trucks is a global leader in medium- and heavy-duty electric trucks with eight battery-electric models in their portfolio. The wide product range makes it possible to electrify city and regional distribution, construction, waste management and, soon, long distance transport. Volvo has so far delivered more than 3,800 electric trucks to customers in 46 countries around the world. “The transport sector represents seven percent of global carbon emissions. Battery-electric trucks are important tools to reduce the climate footprint. Besides the important environmental gains that electric trucks bring, they offer truck drivers a much better working environment, with much lower levels of noise and vibrations,” says Roger Alm. Volvo Trucks drives the transition towards fossil-free transport to reach its net-zero emissions target by 2040 using a three-path technology strategy. The three-path technology approach is built on battery electric, fuel cell electric and combustion engines that run on renewable fuels like green hydrogen, biogas or HVO (Hydrogenated Vegetable Oil).
Categories: Forest Products Industry
UPM Fibres centralising operations in Finland
UPM Fibres is centralising its production operations in Finland under one top level organisation. The change will simplify the Fibres Business Area structure. Source: Timberbiz As of 1 October 2024, UPM Fibres will consist of two production organizations: the existing Fibres Uruguay Operations and a new Fibres Finland Operations. The Fibres Finland Operations will include the UPM Pulp operations in Finland as well as UPM Forest and UPM Timber. As part of this organizational change, Petri Hakanen has been appointed Senior Vice President, Fibres Finland Operations, UPM Fibres as of 1 October 2024. Mr Hakanen will be a member of the UPM Fibres Management team and he will report to Aki Temmes, Executive Vice President, UPM Fibres. Mr Hakanen led the Uruguay Development Project from 2018 to 2023, culminating in the start-up of UPM Paso de los Toros pulp mill in April 2023. He currently holds the role of Senior Vice President, Technology (CTO), for UPM and leads UPM’s research and development activities and investment management. He will continue in this role until the end of 2024, in addition to his new role in UPM Fibres.
Categories: Forest Products Industry