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REE Automotive
REE Automotive, Ltd. is an automotive software developer. The company previously developed an electric vehicle platform featuring independent interchangeable #Corner modules, corner modules, dubbed REECorners. The corner modules are positioned directly adjacent to each wheel, and they encapsulate all of the vehicle's drive systems such as the motor, inverter, steering, brakes, and suspension. They are controlled electronically, by-wire, allowing for a completely flat platform chassis onto which custom chassis bodies can be attached. The company operates an automotive software research and development center in Israel, and an engineering and manufacturing center in the United Kingdom. Final vehicle assembly, sales, and customer service operations were based in the United States before the company pivoted to software development exclusively. REE Automotive planned in 2024 to sell truck fleets to rental companies such as Penske Truck Leasing, Penske and provide its corner modules to ...
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Production
Production may refer to: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (goods and services) * Production as a statistic, gross domestic product * Production line Arts, entertainment, and media * Production, the act or role of assembling, crafting, creating, or presenting, a work of art, or the work of art itself. Motion pictures * Production, film distributor of a company * Production, phase of filmmaking * Production, video production Other uses in arts, entertainment, and media * ''Production'' (album), by Mirwais, 2000 * Production, category of illusory magic trick * Production, phase of video games development * Production, Record producer's role * Production, theatrical performance Science and technology * Production, deployment environment where changes go "live" and users interact with it * Production (computer science), formal-grammar c ...
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Lean Startup
Lean startup is a methodology for developing businesses and products that aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning. Lean startup emphasizes customer feedback over intuition and flexibility over planning. This methodology enables recovery from failures more often than traditional ways of product development. Central to the lean startup methodology is the assumption that when startup companies invest their time into iteratively building products or services to meet the needs of early customers, the company can reduce market risks and sidestep the need for large amounts of initial project funding and expensive product launches and financial failures. While the events leading up to the launch can make or break a new business, it is important to start with the end in mind, which mean ...
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Bill Of Materials
A bill of materials or product structure (sometimes bill of material, BOM or associated list) is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an Product (business), end product. A BOM may be used for communication between manufacturing partners or confined to a single manufacturing plant. A bill of materials is often tied to a production order whose issuance may generate reservations for components in the bill of materials that are in stock and requisitions for components that are not in stock. The first Hierarchical database model, hierarchical databases were developed for automating bills of materials for manufacturing organizations in the early 1960s. At present, this BOM is used as a database to identify the many parts and their codes in automobile manufacturing companies. A BOM can also be visually represented by a Product structure modeling, product structure tree, although they ...
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Break-even
Break-even (or break even), often abbreviated as B/E in finance (sometimes called point of equilibrium), is the point of balance making neither a Profit (economics), profit nor a loss. It involves a situation when a business makes just enough revenue to cover its total costs. Any number below the break-even point constitutes a loss while any number above it shows a profit. The term originates in finance but the concept has been applied in other fields. In economics In economics and business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". A profit or loss has not been made, although opportunity costs have been "paid" and capital has received the risk-adjusted, expected return. In other words, it is the point at which the total revenue of a business exceeds its total costs, and the business begins to create wealth instead of consuming it. It is shown grap ...
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The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. Owned by The Times Group, ''The Economic Times'' began publication in 1961 and it is sold in all major cities in India. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a daily readership of over 800,000. According to the Audit Bureau of Circulations (India), Audit Bureau of Circulations, the newspaper's Print circulation, circulation averaged 269,882 copies during the latter half of 2022. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Economy of India, Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is Publishing, published by Bennett Coleman & Co. Ltd, Bennett, Cole ...
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Supply Chain
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains. Suppliers in a supply chain are often ranked by "tier", with first-tier suppliers supplying directly to the client, second-tier suppliers supplying to the first tier, and so on. The phrase "supply chain" may have been first published in a 1905 article in ''The Independent (New York City), The Independent'' which briefly mentions the difficulty of "keeping a supply chain with India unbroken" during the British expedition to Tibet. Overview A typical supply chain can be divided into two stages namely, produ ...
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Samvardhana Motherson
Samvardhana Motherson International Ltd (formerly known as Motherson Sumi Systems Ltd) is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars. The company was established in 1986 as a joint venture with the Sumitomo Group of Japan. History 1975-1999 In 1975, Vivek Chaand Sehgal and his mother established the Motherson Group as a silver trading business. Two years later, Sehgal set up a power cables factory. A collaboration with Tokai Electric Co. (now Sumitomo Wiring Systems) in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer for Maruti Udyog. The company was listed in 1993 on BSE and subsequently on NSE. 2000-2019 Motherson Sumi Systems went on to acquire several companies, the first being in 2002 when it acquired the assets of the bankrupt Irish company Wexford Electronics, a manufacturer of ...
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Jack Roush
Jack Roush (born Jackson Earnest Roush on April 19, 1942) is the founder, CEO, and co-owner of Roush Fenway Keselowski Racing, a NASCAR team headquartered in Concord, North Carolina, and is chairman of Roush Enterprises. Roush Enterprises is the parent company for Roush Racing as well as Roush Industries, a freelance engineering firm; Roush Performance, an automotive aftermarket development company; and ROUSH CleanTech, a manufacturer of propane autogas fuel systems, all headquartered in Livonia, Michigan. His companies employ more than 2,000 people throughout North America and Europe. Rarely seen without his trademark Panama hat, Roush is known on the NASCAR circuit as "The Cat in the Hat". Roush was inducted into the International Motorsports Hall of Fame on April 27, 2006. In 2008, Roush was elected to the Michigan Sports Hall of Fame and was inducted on September 13, 2010, in Novi, Michigan, Novi. On May 23, 2018, Roush was selected as one of the five inductees for the 2019 ...
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Working Capital
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets. Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit and negative working capital. A company can be endowed with assets and profitability but may fall short of liquidity if its assets cannot be readily converted into cash. Positive working capital is required to ensure that a firm is able to continue its operations and that it has sufficient funds to satisfy both maturing short-term debt and upcoming operational expenses. The management of working capital involves managing inventories, accounts rece ...
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Scaleup Company
A scaleup company or just scaleup is a company that already has a profitable and scalable business model and grows above 20% in either turnover or number of employees over a three-year period. A scaleup can be identified as being in the "growth phase" life-cycle in the Millers and Friesen life cycle theorem, or the "Direction phase" in the Greiner growth curve. Concept A key difference between a startup and a scaleup is the main challenges faced. While a startup's main challenge is to find a repeatable scalable business model, a scaleup's main challenge is growth of the already identified business model while maintaining operational controls. It is reported that one out of ten venture capital-funded startups successfully transitions to this stage. A 2018 study showed that only 0.4 percent of all startups scale, reaching more than 10 million revenues within 5 years. The remainder stabilizes or grows at a much lower rate. A scaleup, once successful, obtains the unicorn st ...
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Runway
In aviation, a runway is an elongated, rectangular surface designed for the landing and takeoff of an aircraft. Runways may be a human-made surface (often asphalt concrete, asphalt, concrete, or a mixture of both) or a natural surface (sod, grass, soil, dirt, gravel, ice, sand or road salt, salt). Runways, taxiways and Airport apron, ramps, are sometimes referred to as "tarmac", though very few runways are built using Tarmacadam, tarmac. Takeoff and landing areas defined on the surface of water for seaplanes are generally referred to as waterways. Runway lengths are now International Civil Aviation Organization#Use of the International System of Units, commonly given in meters worldwide, except in North America where feet are commonly used. History In 1916, in a World War I war effort context, the first concrete-paved runway was built in Clermont-Ferrand in France, allowing local company Michelin to manufacture Bréguet Aviation military aircraft. In January 1919, aviation p ...
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Calcalist
''Calcalist'' (, a Hebrew wordplay on ''The Economist'', from כלכלה, ''kalkala''; economics) is an Israeli daily business and economics newspaper and website. History and profile ''Calcalist'' was first published on 18 February 2008, and currently runs five days a week, with a weekend supplement included on Thursdays. The paper is published in Israel by the Yedioth Ahronoth Group. The group also publishes , the country's most widely circulated newspaper. The founder and publisher is Yoel Esteron, formerly the managing editor for , and its editor is Galit Hemi. It is circulated nationwide and its articles feature regularly in the biggest Israeli news website 'Ynet' as well as in the printed edition of . The newspaper is divided into four sections: news, daily columns – some regular and some rotating (the rotating columns are marketing, legal, real estate, technology, career, personal finance, automotive and sports), the market – a separate addendum appearing Monday thr ...
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