US stocks might be less exposed to the war in Ukraine, but the hit to global growth and inflation impact can and will eventually drag down the US economy.  Equities declined after Russia seized Europe’s largest nuclear plant. It does not seem like the Kremlin will be backing down anytime soon and that is leading to […]

SAND partnered with prominent global platforms. Sandbox maintains top 50 market rank. SAND may hit $5 in no time. NFT ...

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The uncertainty of the pandemic led to exploding demand for estate planning and much of this demand was serviced through technology for the first time. This digital transformation allowed individuals to execute and revise wills and estate plans quickly. The newfound attention for this planning also served as a boon for charitable giving. FreeWill is a comprehensive online estate planning platform that gives people the ability to update or write their will in 20 minutes directly from their computers and all for free. The platform provides living wills with beneficiary designation as well as power of attorney, and in California, living trusts are offered as well. How is this free? The company partners with 600+ non-profits and during the process of establishing wills, users are given the option to provide small gifts (bequests, charitable distributions, and stock gifts) to these non-profits. Since launching in 2016, the company has executed over 420K wills and provided commitments exceeding $4.7B to non-profits. AlleyWatch caught up with FreeWill Co-CEO and Founder Jenny Xia Spradling to learn more about the public benefit corporation that sits at the intersection of philanthropy and utility, the company's strategic plans, and latest round of funding from investors that include Bain Capital Double Impact, ICONIQ Growth, QED Investors, Ulu, Highland, Pear, and HearstLab.

Oil climbing again after another volatile session Oil prices remain extremely volatile given the backdrop of huge uncertainty around Russian exports as a result of Western sanctions. Brent came within a whisker of USD 120 on Thursday before falling more than 8%. And that was just within European trading hours. It’s trading higher again today, […]

European markets are closing in on bear market territory in heavy selling at the end of the week as investors grow increasingly fearful of recessionary and escalation risks. The sell-off has gathered pace as the morning has progressed and I can’t expect the mood will improve as we head into another highly uncertain weekend. The […]

The pound is down considerably for a second straight day and has lost over one per cent on the week. GBP/USD is trading at 1.3268, its lowest level since December 2021. In economic news, the UK Construction PMI for February accelerated to 59.1, up from 56.3 in January and easily beating the consensus of 54.3. […]

The Australian dollar continues its impressive rally and is in positive territory on Friday. AUD/USD has climbed 1.37% this week. The war in Ukraine shows no signs of letting up, and news that a Russian missile scored a direct hit on a Ukrainian power plant has made investors even more jittery about the war in […]

After starting the week with gains, the euro has been on a nasty slide, which has continued on Friday.  EUR/USD has dropped below the symbolic 1.10 level in the European session and is at its lowest level since June 2020. Fire at Ukraine nuclear plant sends euro lower The intensified fighting which is raging in […]

Toyota City, Japan, Mar 4, 2022 - (JCN Newswire) - Toyota Motor Corporation (Toyota) has learned that the actual fuel economy performance of the Toyota Coaster small bus featuring the N04C engine (with a urea selective catalytic reduction system) developed and manufactured by Hino Motors, Ltd. (Hino) and subject to Japan's 2016 exhaust emission regulations (Post-post New Long-term Emissions Regulations), is lower than as stated in its official specification values. We would like to apologize for any inconvenience and concern this might cause customers who are currently using Toyota Coaster buses equipped with the engine in question.

Findings

As part of Hino's investigation into applications for certification of the emissions and fuel economy of engines subject to the 2016 exhaust emission regulations (Post-post New Long-term Emissions Regulations), technical verification revealed that the actual fuel efficiency performance of the N04C compact engine (with a urea selective catalytic reduction system) mounted on the Toyota Coaster did not meet the values specified.

Hino is currently investigating the cause of the discrepancy in the figures and whether any intentional wrongdoing has occurred. The engine performance issue that has been determined has no impact on driving functionality and does not pose any safety concerns.

Subject vehicle models:
Models: Coaster, Coaster Big Van
Number of units: Approx. 3,000
Production period: July 2019 - January 2022
Production plant: Gifu Auto Body Co., Ltd.

Customer service

For affected customers, Hino will confirm the correct specifications and, in consultation with Hino, Toyota will take appropriate action. New shipments of the Toyota Coaster with the engine in question have concluded toward the previously scheduled launch of a new version of the Toyota Coaster.

Once again, we apologize for any inconvenience or concern this might cause affected customers. We will promptly review the situation and take appropriate measures.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comToyota Motor Corporation (Toyota) has learned that the actual fuel economy performance of the Toyota Coaster small bus featuring the N04C engine (with a urea selective catalytic reduction system) developed and manufactured by Hino Motors, Ltd. (Hino) and subject to Japan's 2016 exhaust emission regulations (Post-post New Long-term Emissions Regulations).

Tokyo, Japan, Mar 4, 2022 - (ACN Newswire) - Quantum Solutions ("Quantum"), the first Japanese listed EV company, today through its subsidiary, entered into a Framework Agreement ("Agreement") with Duke New Energy Vehicle Co. Limited ("Duke"), an electric vehicle developer and manufacturer based in Jiangsu, China, for potential strategic partnership and cooperation across research, development, design, and manufacturing of electric vehicles. This Agreement furthers Quantum's entry into the EV sector, laying the groundwork to becoming a leader in quality, affordable, micro-EV.

In January 2022, Quantum FOMM Limited ("QF"), a subsidiary of Quantum and a joint venture with FOMM Corporation ("FOMM"), announced it has acquired the manufacturing and distributing rights in select regions of FOMM One, FOMM's first electric vehicle model and one of Japan's few approved EV kei car on the road today.

Through this Agreement with Duke, Quantum will leverage Duke's manufacturing expertise and capabilities in order to reduce the cost of production of the existing model of FOMM One. In addition, Quantum plans to leverage Duke's existing technologies and designs as well as its vast product portfolio to create Quantum's long-term roadmap for the development and design of future EV models, potentially expanding its portfolio of quality and affordable mobility solutions significantly.

Located in the Nantong National High-Tech Industrial Development Zone in Jiangsu, China, Duke was established in 2011 and specializes in the research, development, design and manufacturing of new energy vehicles and materials. Duke's product portfolio spans across commercial, passenger and public transportation models, and are underpinned by the company's core technologies such as lightweight aluminium alloy material and integrated power chassis. Notably, its fast-charging technology and large lithium battery storage capacity supports up to 600 km of driving distance after a 15 minute charge. Five EV models developed by Duke have been produced and sold in China and select Asian markets.

Based in Kanagawa Prefecture, FOMM was founded in 2013 by a team of auto engineers who had previously developed electric vehicles at Suzuki Motor Corporation and a Toyota Motor group company. Over the years, FOMM developed its first micro, electric four-seater kei car model, FOMM One, to cater to the specific needs of the Japanese market.

In Japan, kei means "light", and this category of micro cars makes up about a third of new domestic automobile sales annually. As the Japanese government pledges to decarbonize Japan by 2050 with plans to ban the sale of new gasoline-only vehicles by mid-2030's, FOMM One is well positioned for market share growth in the Japanese car market. Beyond Japan, Quantum and QF plans to expand its footprint to select ASEAN and Latin America cities as national and local governments are embracing affordable and sustainable mobility solutions in unprecedented ways.

About Quantum Solutions Limited (2338.T)
Quantum Solutions is a Tokyo Stock Exchange listed company engaged in the EV sector.

About Quantum FOMM Limited
Incorporated in Hong Kong, Quantum FOMM is a subsidiary of Quantum Solutions and a joint venture with FOMM Corporation. The joint venture is designated for EV business of Quantum.

About FOMM Corporation
Based in Kanagawa prefecture of Japan and established in 2013, FOMM is an R&D and design-oriented mobility company specializing in planning and developing compact mobility using innovative designs and technologies.

About Jiangsu Duke New Energy Vehicle Co Limited
Based in Jiangsu, China, Jiangsu Duke New Energy Vehicle Co Limited specializes in the research, development, design and manufacturing of new energy vehicles and materials.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comQuantum Solutions ("Quantum"), the first Japanese listed EV company, today through its subsidiary, entered into a Framework Agreement ("Agreement") with Duke New Energy Vehicle Co. Limited ("Duke"), an electric vehicle developer and manufacturer based in Jiangsu, China, for potential strategic partnership and cooperation across research, development, design, and manufacturing of electric vehicles.

TOKYO, Mar 4, 2022 - (JCN Newswire) - Sony Group Corporation ("Sony") and Honda Motor Co., Ltd. ("Honda") today announced that they have agreed to deepen discussion and exploration of forming a strategic alliance that aims to create a new era of mobility and mobility services. Specifically, the two companies have signed a memorandum of understanding that outlines their intent to establish a joint venture ("New Company") through which they plan to engage in the joint development and sales of high value-added battery electric vehicles (EVs) and commercialize them in conjunction with providing mobility services.

The two companies will proceed with negotiations toward executing various definitive binding agreements, including a joint development agreement and a joint venture agreement, with a goal of establishing the New Company within 2022, subject to execution of the definitive agreements and relevant regulatory approvals.

This alliance aims to bring together Honda's mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience cultivated over many years, with Sony's expertise in the development and application of imaging, sensing, telecommunication, network, and entertainment technologies, to realize a new generation of mobility and services that are closely aligned with users and the environment, and continue to evolve going forward.

Sales of the first EV model from the New Company are expected to start in 2025. The New Company is expected to plan, design, develop, and sell the EVs, but not own and operate manufacturing facilities, so Honda is expected to be responsible for manufacturing the first EV model at its vehicle manufacturing plant. It is expected that a mobility service platform will be developed by Sony and made available for the New Company.

Comment from Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman,
President and CEO, Sony Group Corporation

"Sony's Purpose is to "fill the world with emotion through the power of creativity and technology." Through this alliance with Honda, which has accumulated extensive global experience and achievements in the automobile industry over many years and continues to make revolutionary advancements in this field, we intend to build on our vision to 'make the mobility space an emotional one,' and contribute to the evolution of mobility centered around safety, entertainment and adaptability."

Comment from Toshihiro Mibe, Director, President, Representative Executive Officer and CEO, Honda Motor Co., Ltd.

"The New Company will aim to stand at the forefront of innovation, evolution, and expansion of mobility around the world, by taking a broad and ambitious approach to creating value that exceeds the expectations and imagination of customers. We will do so by leveraging Honda's cutting-edge technology and know-how in relation to the environment and safety, while aligning the technological assets of both companies. Although Sony and Honda are companies that share many historical and cultural similarities, our areas of technological expertise are very different. Therefore, I believe this alliance which brings together the strengths of our two companies offers great possibilities for the future of mobility."


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comSony Group Corporation and Honda Motor Co., Ltd. today announced that they have agreed to deepen discussion and exploration of forming a strategic alliance that aims to create a new era of mobility and mobility services.

MILPITAS, Calif.–(BUSINESS WIRE)–Tanzanite Silicon Solutions Inc., the leader in the development of Compute Express LinkTM (CXLTM) based products, is unveiling its architectural vision and product roadmap with an SoC mapped to FPGA Proof-Of-Concept vehicle demonstrating Memory Expansion and Memory Pooling, with multi-host CXL based connectivity. Explosive demand for memory and compute to meet the needs […]

The post Tanzanite Silicon Solutions Demonstrates Industry’s First CXL Based Memory Expansion and Memory Pooling Products, Ushering in the Era of Next Generation Composable Data Centers appeared first on Fintech News.