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Volvo, Renault investing €300 million each in e-van firm Flexis

The Renault Group, the French auto manufacturer, said on Wednesday that its CMA CGM Group had purchased a 10% joint venture stake in Flexis SAS, making it a founding member. The joint venture for the next generation of electric vans was founded on March 22 by Renault and the Volvo Group, holding each a 45% stake. Both companies plan to invest €300 million ($323 million) each over the next three years. CMA CGM, through PULSE, its energy fund, acquired the stake in Flexis and has confirmed its int ....

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Kenya banks on UK, Netherlands sea cargo deal to grow horticulture exports

Plans to move 50% of horticultural exports from air to sea in an ambitious seven-year plan. ....

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CMA CGM to acquire British grocery logistics firm Wincanton for $700 million

Deal opens UK market segments to French shipping giant ....

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CMA CGM helps found non-profit AI lab with more than $100 million in funding

Container shipping and logistics power and its partners Iliad S.A. and Schmidt Futures say “Kyutai” lab will democratize artificial intelligence ....

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CMA CGM announces $600 million plan to upgrade NJ and NY ports

Investment will increase facilities’ combined capacity by up to 80%, French company says ....

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