The burgeoning space economy, projected to reach $1,800 billion by 2035, presents significant opportunities for Switzerland, particularly in biotechnology and pharmaceuticals. However, the environmental impact of increased rocket launches, including harmful soot emissions and potential damage to the ozone layer, raises urgent concerns that must be addressed to ensure sustainable growth.
Automakers, including BMW, GM, and Nissan, have responded to criticism over their supply chain practices, emphasizing their commitment to human rights and sustainability. Recent legal actions, such as a major class action in Brazil against mining companies, highlight the ongoing struggle for accountability in the extraction of minerals essential for electric vehicles. As regulations tighten globally, companies are urged to leverage their influence to improve conditions in mining and promote decarbonization across the industry.
Mitsubishi has invested $25 million in the US battery swapping startup Ample, reinforcing its commitment to EV battery swapping technology. This partnership aims to enhance fleet efficiency by reducing downtime during charging and providing access to the latest battery technology without the need for upfront purchases. Trials are underway in Japan, with plans for expansion into passenger vehicles and potential applications in renewable energy and energy storage.
Voyager Space has appointed Matt Magaña, a veteran from the defense industry, as executive vice president of its national security business. The company aims to leverage its technologies and partnerships to support defense programs, focusing on areas like missile propulsion and advanced navigation. Voyager is also exploring AI applications for national security, collaborating with Palantir Technologies on potential solutions.
Rohan Patel, a former Tesla executive, highlights the contrasting support for electric vehicles (EVs) under Trump and Biden. While Trump’s administration favored foreign-made vehicles and neglected tax credits for early EV leaders like Tesla, Biden's policies revived substantial incentives and support for domestic manufacturing. The NEVI program, with $5 billion allocated over five years, aims to enhance EV infrastructure, while recent reforms to the 30C tax credit significantly boost investments in charging stations.
Walter Frey, born in 1943, has been a pivotal figure in the automotive industry, taking over Emil Frey AG in 1976 and expanding it into a major European car dealership. Under his leadership, the company has successfully imported brands like Toyota, Subaru, and Mercedes, while also venturing into new markets, including Croatia and Greece. Today, the Emil Frey Group stands as the largest car dealer in Europe, with ongoing expansions into electric vehicle imports.
Ayala Corp. is looking to broaden its collaboration with Mitsubishi Corp. into sectors such as healthcare, infrastructure, and property following Mitsubishi's investment in Ayala's fintech division. CEO Cezar Consing highlighted the long-standing partnership, noting that they have engaged in numerous deals over the decades, indicating potential for further business integration.
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