American Axle & Manufacturing Investing $10 Mln In Global Strategic Mobility

RTTNews | 679日前
American Axle & Manufacturing Investing $10 Mln In Global Strategic Mobility

(RTTNews) - American Axle & Manufacturing Holdings, Inc. (AXL) announced Friday a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.

As a strategic partner, American Axle gains access to EnerTech's vast network of business alliances and emerging technology, all supporting mobility innovation that can help enhance American Axle's products and operations.

American Axle's investment in GSMF provides the company with access to new startup and fully vetted high-tech companies that are advancing automotive technologies in the electrification, connectivity, autonomy and digitization sectors.

This includes exposure to academic research, market intelligence, new business development opportunities and data from public-private coalitions accelerating innovation in the clean mobility space.

read more
UK Economy Contracts Unexpectedly On Weaker Production

UK Economy Contracts Unexpectedly On Weaker Production

The UK economy logged an unexpected contraction at the start of the year on a sharp fall in production, official data revealed on Friday. Gross domestic product shrank 0.1 percent on a monthly basis in January, following a growth of 0.4 percent in December, the Office for National Statistics reported. GDP was expected to grow 0.1 percent.
RTTNews | 4時59分前
Asian Shares Advance As US Shutdown Worries Ease

Asian Shares Advance As US Shutdown Worries Ease

Asian stocks ended mostly higher on Friday after U.S. Senate Minority Leader Chuck Schumer said he plans to vote for a Republican bill to fund the government through September, helping ease worries about a potential federal government shutdown.
RTTNews | 5時5分前