General Dynamics Land Systems Adds GM Defense to Team for OMFV Competition

Collaboration bolsters bid for U.S. Army’s Optionally Manned Fighting Vehicle

STERLING HEIGHTS, Mich.  – WEBWIRE



General Dynamics Land Systems, a global leader in innovative technology and next-generation ground combat solutions, announced today that GM Defense, a subsidiary of General Motors, is joining its project team for the U.S. Army’s Optionally Manned Fighting Vehicle (OMFV) competition.


“Our team continues to grow stronger and gain momentum as we aggressively push to provide this important capability for the Army,” said Don Kotchman, General Dynamics Land Systems vice president and general manager of U.S. Operations. “This collaboration with commercial powerhouse GM Defense brings together world-class capabilities from both companies to meet the future needs of the U.S. Soldier operating in a multidomain environment.”


Aligned with the Army’s phased philosophy for the OMFV competition, General Dynamics Land Systems has implemented digital engineering processes, artificial intelligence and modular open electronic architecture into its concept for the program.


“We’re very excited to be joining General Dynamics Land Systems’ established and highly experienced OMFV program team,” said Steve duMont, president of GM Defense. “I see tremendous synergies as we seek to leverage our core capabilities in integrated vehicles, power and propulsion and mobility and autonomy to support the OMFV program. We look forward to collaborating with a great company such as General Dynamics Land Systems, as we combine and leverage our advanced technologies, digital design expertise and manufacturing scale to help produce the most capable infantry fighting vehicle for the U.S. Army warfighter.”


GM Defense joins AeroVironment, Applied Intuition and General Dynamics Mission Systems as core members of General Dynamics Land Systems’ OMFV team.


About General Dynamics Land Systems

Land Systems is a business unit of General Dynamics (NYSE: GD). General Dynamics Land Systems provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles around the globe. The company’s extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies. More information about General Dynamics Land Systems is available at www.gdls.com.


About GM Defense LLC

GM Defense delivers integrated vehicles, power & propulsion, and mobility & autonomy solutions to global defense, security, and government markets. The exceptional reliability of GM Defense’s technologies results from decades of proven performance and billions of dollars spent in independent research and development by its parent, General Motors, a world leader in global design, engineering and manufacturing capabilities. For more information, please visit www.gmdefensellc.com.

CAF General Secretary visits next AFCON hosts Cote d’Ivoire as part of President Motsepe’s mission

WEBWIRE



A few hours after the final of the TotalEnergies Africa Cup of Nations 2021, CAF General Secretary Veron Mosengo-Omba together with a CAF delegation landed in Cote d’Ivoire – the country that will host the next edition of Africa’s single-biggest event in 2023.


Mosengo-Omba was mandated by CAF President Dr Patrice Motsepe to visit the next AFCON hosts as part of the President’s promise that CAF will adopt a more hands-on approach in working with future tournament hosts. The visit was also aimed at assessing the level of preparations ahead of next year’s AFCON. Cote d’Ivoire will host the competition in June/July 2023.


For two days, Mosengo-Omba, accompanied by President Motsepe’s Special Advisor Jacques Anouma, visited three sites and held deliberations with the Local Organising Committee in Cote d’Ivoire. The sites visited by the CAF delegation are: Korhogo, San Pedro and Felix Houphouet-Boigny.


The delegation also held key meetings with Cote d’Ivoire Prime Minister His Excellency Patrick Achi and Sports Minister Danho Paulin.


Mosengo-Omba commented: “The CAF President sent us here with a clear mandate to assess level of preparations. We also needed to engage with Government and the LOC on a number of matters that are part of the preparations. We are very impressed with the attitude, commitment and the understanding of the people of Cote d’Ivoire. The meeting with both Prime Minister and Sports Minister was a clear indication of this level of commitment.


“There is still a lot of work, we know this, and they know this. But we saw the progress in infrastructure is going well and the stadiums are shaping up nicely,” he said.


As part of CAF’s commitment to fostering a more close working relationship with hosts, a CAF satellite office will be established around April 2022.

General Dr. Uthai Shinawatra Signals Intent to Sign Billionaire Deal

In a move that is sure to excite finance-sector watchers the world over, General Dr. Uthai Shinawatra has taken an appointment to serve as the honorable advisor for Capital Trust Group Limited (CTG). General Dr. Uthai, the Former Deputy Permanent Secretary of Defense and Former Advisor to the Minister of the Interior of Thailand will thus grant CTG use of his signature on a “Certificate of Performance” for the Bitcoin Fund and Bluechip Stock Trading Challenges. These challenges, directed at 1.8 billion millennials around the world, and focusing especially on 400 million Chinese students, represent a major step forward for CTG.

(Bottom row, left to right) Mr. Preecha Or-prasert, Ms. Threephatcha Buldamrongzin, Gen Dr. Uthai Shinawatra, Lt. Gen. Chumporn Vichien

For his part, General Dr. Uthai will strictly limit the issuance number of the Certificates of Performance to 100 million, receiving compensation of $5 for each certificate with a maximum compensation of $500 million total per year over a 4-year period.

The Certificate of Performance signed-and-approved by General Dr. Uthai will be awarded to all Trader Applicants who participate in each trading challenge organized by Fortius Capital Foundation and promoted by Crypto Promoters whose trading accounts from each trading challenge have been profitable.

Each of 30,000 trading challenges will be promoted by Licensed Crypto Promoters (entrepreneurs who sign up for the Dubai Crypto Unicorn Accelerator Project to launch their own Bitcoin Funds and Bluechip Stock Trading Challenges earned from application fee and trade copying fee). There will also be a $39 fee per online issuance, except for the top three performers at each trading challenge. This is, appropriately, a way to recognize the most outstanding traders, while also including and encouraging all traders.

In addition to supporting the Certificates of Performance for the Bitcoin Fund and Bluechip Stock Trading Challenges, General Dr. Uthai’s digital signature will also appear on a “Certificate of Training” issued as part of a universally accessible, zero-tuition online course. The course, “How to Build an Investment Portfolio like Billionaires,” will walk students through some of the strategies favored by world-renowned financiers such as Chris Horn, Jim Simons, Ken Griffin, Steven Cohen, and Chase Coleman, experts whose assets under management total more than $500 billion.

Byung Jun Chun, UN Peace Ambassador, and Advisor to CTG have explained that this initiative will be a life-changer for many. In his own words: “Today, most of the 400 million Chinese students don’t have live experience trading bluechip stocks on major US stock exchanges, so we are delighted to partner with promoters through our online Bitcoin ETF x Blue-Chip Stocks Trading Challenge via live accounts. At the same time, we will be providing education on how to build investment portfolios like George Soros, Temasek Holding, AIA Group, or Yale University. This can potentially help change the students’ mindsets forever.”

For General Dr. Uthai, these initiatives seem appropriate, given his ongoing support of financial literacy education for the youth. He has spoken in the past about reducing global poverty by teaching more young people about finance. Long-term, General Dr. Uthai believes, programs such as this can enhance the Thai economy, increasing the standard of living within the country by improving product distribution and attracting new investments.

Mr. Jose Rivera Olalquiaga, Chairman of Fortius Capital Foundation, the Dubai-based Project license holder, has said of the working relationship, “We are proud to have General Uthai Shinawatra contribute his reputation to fully promote our Dubai Crypto Unicorn Accelerator Project. This project is not only potentially helping General Uthai to become the second billionaire from the Shinawatra family, but also helping Thailand to have a sustainable distribution channel of local Thai SME products representing more than 40% of Thailand’s GDP.”

To learn more about the free portfolio-building course, visit: www.fortiuscapitalfoundation.com/freecourse today.

https://fortiuscapital.medium.com/general-dr-uthai-shinawatra-signals-intent-to-sign-2-billion-deal-90658e224b61

Contact Info:
Name: Karen Farias
Phone number: +971503120199
Email: office@fortiuscapitalfoundation.com

DGTR (Directorate General of Trade Remedies) of the Department of Commerce issues 56 final findings since April, 2021 in in Anti-Dumping (AD)/Countervailing Duties (CVD)/Safeguard (SG) investigations.


DGTR (Directorate General of Trade Remedies) of the Department of Commerce has issued 56 final findings since April, 2021 in in Anti-Dumping (AD)/Countervailing Duties (CVD)/Safeguard (SG) investigations.35 more investigations have been started since April, 2021 and many more are in pipeline.


It may be noted that the Directorate General of Trade Remedies (DGTR) is a quasi-judicial body functioning under the aegis of the Department of Commerce, Ministry of Commerce and Industry, Government of India. The DGTR serves as a watchdog against unfair trade practices resorted by the producers/ exporters in foreign countries and aims to create a level playing for the Indian industry. The unfair trade practices that the DGTR acts against are in the form of dumped imports or subsidised imports or imports that circumvent existing anti-dumping/countervailing duties. DGTR also protects the domestic industry from surge in imports that harm the Indian industry.


The function of the DGTR is to conduct an elaborate investigation into the complaint filed by the Indian domestic producers allegedly injured by the unfair trade practices adopted by foreign producers/ exporters and then take a decision on whether or not to recommend imposition of duty. Final decision regarding imposition of duty recommended by the DGTR is taken by the Ministry of Finance, Government of India.


An application to initiate an investigation is generally filed by the domestic industry, after which, the DGTR initiates the investigation and invites participation of all stakeholders – domestic industry, foreign producers, exporters, importers, users and their associations. The DGTR then gathers evidence from each stakeholder to examine the allegations of domestic industry. It is only after the detailed and elaborate examination of facts, data and legal submissions of stakeholders that DGTR arrives at the conclusion regarding recommendation of duty depending on whether or not the domestic manufacturers have suffered material injury or threat of material injury by the dumped or subsidized imports.


  All investigations are required to be concluded within 12 months. This period is extendable upto 18 months. However, the average time to complete the investigation has consistently been reduced by the DGTR and it usually endeavours to complete most investigations within 5-7 months for ensuring a faster relief to the domestic industry.


Several reforms have been carried out by the Directorate in its processes and procedures through greater use of digital platform, simplification of application formats, annexures and questionnaires and introduction of self-certification in conducting trade remedy investigations.


 These steps will minimize the need of physical interface and lead to enhanced speed, efficiency and transparency and will usher in a new regime of trade facilitation by substantially reducing compliance burden on the stakeholders.


Introduction of sampling procedure recently for fragmented industry will greatly reduce compliance burden for such segment of domestic industry and facilitate enhanced availment of trade remedy instruments by MSMEs and fragmented industry. 


Initiatives were also taken for amendment in the Anti-Dumping, Countervailing and Safeguard Rules. Anti-circumvention provisions have been strengthened and anti-absorption provisions introduced.


The duties recommended by the DGTR have had a positive impact on several Indian industries. The Indian industries that have benefited from this duty have been able to enhance their production capacity, attract substantially moreinvestments, and generate more employment.




*********


DJN/PK/MS




(Release ID: 1792557)
Visitor Counter : 316




Read this release in:



Hindi







General Motors Expands Digital Commerce with Launch of Online Parts Sales

– GM adds 45,000 readily available maintenance and repair parts for purchase on Chevrolet.com and other brand websites



– Customers can choose home delivery or in-store pickup at participating dealers

DETROIT – WEBWIRE



GM is launching a new online parts marketplace, making its catalog of 45,000 repair and maintenance parts more convenient for Chevrolet, GMC, Buick and Cadillac owners. The newly available parts catalog includes oil filters, engine and cabin air filters, batteries, brake pads, accessory belts, cooling hoses and windshield wiper blades, among other parts.


Building on General Motors’ investment in digital commerce, GM’s online parts store combines the most convenient aspects of online shopping and physical retail into one experience. Customers can choose home delivery or pick up their order at one of more than 800 participating dealers, where staff is available to answer questions. Parts purchased through GM’s online store are eligible for Chevrolet, Cadillac, Buick and GMC rewards programs, earning customers points that can be used to pay for parts, accessories or Certified Service at participating dealers. Buying through GM’s online store also provides customers with confidence that they are purchasing original equipment ACDelco and GM Genuine Parts that are compatible with their vehicles.


“Making our parts available online marks another step in transforming the ACDelco and GM Genuine Parts brands,” said GM Customer Care and Aftersales Global Vice President John Roth. “Our premium parts are engineered with exceptional quality to provide assurance to our customers. The launch of this trusted online sales channel extends that peace of mind to the parts-buying experience.”


GM forecasts that online sales of parts and accessories will make up a $40 billion total addressable market by 2030, and it anticipates significant revenue growth from its expanded e-commerce effort. GM launched online accessory sales in 2015 and sells all of its 5,000 accessory products online.


GM plans to offer parts, accessories, digital products delivered over-the-air and subscriptions through a single digital storefront. For example, customers may use the store to purchase upgrades such as improved capabilities for the Super Cruise advanced driver assistance system and personalization themes for in-vehicle screens.


“We are placing software and digital services at the center of every part of our business,” said GM Chief Digital Officer Edward Kummer. “The future of GM retail lies at the intersection of digital and physical e-commerce. Whether it’s selling parts or vehicles, GM will meet our customers where it’s most convenient for them.”


The parts and accessories online store is built on one of three platforms that form the foundation of GM’s digital commerce transformation. In the future, in partnership with dealers, GM’s digital retail platform will allow customers to shop, purchase and finance electric vehicles entirely online, with the option to transition to an in-store experience at any point in the process. GM is also extending its subscription services platform to support new recurring revenue opportunities with forecasts to grow that business.  These initiatives ladder up to the $20 billion to $25 billion in annual software and services revenue opportunities that GM announced at Investor Day in October 2021.


General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.


Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgement about possible future events and are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of factors, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law.