Latest news with #digitalInnovation
Yahoo
19 hours ago
- Automotive
- Yahoo
Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles
GOTHENBURG, Sweden, June 17, 2025 /PRNewswire/ -- Volvo Group and Daimler Truck, two of the leaders in the commercial vehicle industry, announce the launch of Coretura AB, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard. Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products. Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura. Following the joint venture transaction, Coretura, based in Gothenburg, Sweden, began operations in the beginning of June 2025. Karin Rådström, President and CEO of Daimler Truck: "With Coretura, we are setting a clear strategic focus on software development for commercial vehicles. This is a big and really exciting step — not just for us, but for the entire industry and our customers. Together we are starting the digital-driven future of trucks and buses, ultimately making commercial vehicles smarter, more connected, and more efficient than ever before." Martin Lundstedt, President and CEO of the Volvo Group, adds: "Coretura represents a bold step forward in the evolution of commercial vehicles. By leveraging cutting-edge technology and collaborative innovation, we're setting the stage for a new era of connectivity and efficiency in the industry. This venture underscores our commitment to not only advancing our products but also paving the way for sustainable and intelligent transportation solutions." Coretura will be led by a four-member Executive Management team consisting of two members from each of the shareholders. Johan Lundén has been appointed as CEO coming from Volvo Group where he previously held responsibility for Strategic Product Planning, Project and Innovation management. Unlocking the digital future of commercial vehicles As commercial vehicles are becoming more digital, the mission of Coretura is to build the non-differentiating core, a standardized and open software-defined vehicle platform and dedicated commercial vehicle operating system. Coretura's activities also include the specification and procurement of centralized high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data. This will decouple software and hardware development cycles, allowing end customers to purchase and update digital applications wirelessly 'over the air,' enhancing safety, efficiency and customer experience. "This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders. We are proud and energized to lead the digital transformation in the commercial vehicle industry—backed by strong shareholder support and committed to shaping the industry's future." says Johan Lundén, CEO of Coretura. Starting with around 50 employees, Coretura is set to grow stepwise. This allows the shareholders to pool resources and invest in accordance with technical progress and achievement of milestones. Coretura thereby follows a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade. Volvo Group and Daimler Truck will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions. Coretura is open to cooperation and invites new and traditional suppliers and partners who share its values to join in creating the future of the industry. June 17, 2025 Contact Volvo Group:Claes Eliasson, +46 76 553 7229, press@ Contact Daimler Truck:Paul Mandaiker, +49 176 30999267, For more information, please visit For frequent updates, follow us on LinkedIn The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm. This information was brought to you by Cision The following files are available for download: Press release - Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles 250617-volvo-group-coretura View original content: SOURCE AB Volvo
Forbes
10-06-2025
- Business
- Forbes
Entering The Growing IPv4 Market: What Enterprises Should Do Now
Vincentas Grinius is a tech entrepreneur and cofounder of IPXO, with a focus on internet infrastructure and sustainable digital innovation. As cofounder of IPXO, an IP management platform, I've spent over a decade in internet infrastructure, watching IPv4 addresses evolve from basic networking tools into valuable financial assets. What began as a simple protocol in the 1980s has become a billion-dollar market, yet most enterprises remain unaware they're potentially sitting on revenue streams worth hundreds of thousands of dollars. With IPv4 addresses now trading at $20 to 30 each and IPv6 adoption progressing slowly, we're in an unprecedented situation where legacy infrastructure has become a commodity. Here's your practical roadmap for evaluating and potentially monetizing these hidden assets. Most organizations lack complete visibility into their IPv4 footprint, particularly those that have grown through acquisitions. Start by gathering documentation from your Regional Internet Registry (RIR), such as the American Registry for Internet Numbers (ARIN) in North America and Canada and the RIPE NCC in Europe. Here are some key questions to ask: • Which addresses actively route traffic versus sitting unused? • Do we have proper legal documentation proving ownership? • Are there transfer restrictions or encumbrances? Documentation gaps are endemic. I've seen companies discover forgotten address blocks worth over $1.6 million during routine audits. If records are incomplete, work with your RIR to reconstruct allocation history—missing documentation can be rebuilt but requires time and administrative effort. Geographic restrictions also complicate matters. Some RIRs limit transfers to specific regions, affecting your monetization options. Identify these constraints early to avoid surprises later. Once you understand your holdings, assess whether leasing or selling aligns with your strategic goals. This decision requires input from finance, legal and operations teams. Leasing Considerations: Leasing preserves ownership while generating recurring revenue of $0.30 to $0.60 per address monthly. This suits organizations maintaining a growing cloud infrastructure, as addresses can be reclaimed when needed. Sale Considerations: Selling your IPv4 holdings provides immediate capital but sacrifices future flexibility. This path works for organizations migrating entirely to IPv6 or needing capital for other investments. Risk Assessment Framework: Consider your five-year technology roadmap carefully. Companies I've worked with who sold addresses prematurely later faced expensive repurchasing decisions when IPv6 timelines slipped—a common occurrence given the technical complexity of full migration. Treating IPv4 addresses as financial assets requires proper governance. This means involving legal counsel familiar with internet governance and ensuring compliance with both corporate policies and regulatory requirements. Establish clear ownership documentation. Transfer agreements, RIR records and internal asset registers must align. Any discrepancies can delay transactions or create legal complications. Keep in mind that IPv4 monetization creates taxable events. Whether structured as capital gains (for sales) or ordinary income (for leasing), consult tax professionals familiar with digital asset transactions. Addresses previously used for spam or malicious activities lose value significantly. Implement reputation monitoring to understand your addresses' standing before entering any transaction. The IPv4 marketplace involves technical, legal and financial complexities that most enterprises shouldn't navigate alone. However, not all platforms offer equivalent services or protections. Look for comprehensive due diligence, not just transaction facilitation. This includes reputation monitoring, abuse prevention and technical validation. Platforms handling only financial aspects leave enterprises exposed to reputation risks. Then, assess the scope of provided services. Full-service platforms manage everything from technical configuration to legal documentation, reducing internal resource requirements but commanding higher fees. Limited-service brokers offer basic facilitation at lower costs but require more internal expertise. Partner with organizations providing transparent market data. I've seen IPv4 pricing swing 30% in six-month periods, which makes real-time market intelligence crucial for optimizing timing and pricing decisions. IPv4 monetization represents a unique opportunity in enterprise asset management—digital resources that often appreciate while generating income. However, success demands serious treatment with proper analysis, legal oversight and strategic planning. Organizations approaching this casually often leave money on the table or create unnecessary risks. The companies capitalizing today view digital infrastructure as a strategic asset class, not merely operational overhead. For enterprises discovering significant IPv4 holdings, the question isn't whether to monetize—it's how to do so strategically while maintaining operational flexibility for an uncertain technological future. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
National Post
13-05-2025
- Business
- National Post
'We have not kept pace': Former broadcaster Evan Solomon faces big challenge as first AI minister
OTTAWA — Prime Minister Mark Carney has created Canada's first cabinet post specifically responsible for artificial intelligence and digital innovation, a signal that improving Canada's technological performance will be a key plank in the long-term plan to boost the sluggish economy. Article content Article content As part of his comparatively slim cabinet of 29, Carney appointed rookie MP Evan Solomon to the new post for all things digital and AI. The former journalist, who will also be responsible for the regional economic development agency for southern Ontario, will face a range of thorny challenges. Article content While the specific mandates for the various cabinet ministers have not yet been released, Solomon's to-do list will likely include at least three key items: re-igniting Canada's technology sector, ushering in updated framework policies to deal with a wide range of digital issues, including finding the tricky balance between economic growth and security and privacy concerns, and improving the federal government's own efforts to make better use of digital technology. Article content Article content Many of these responsibilities have typically fallen under the minister responsible for industry or, more recently, innovation, science and economic development. Cabinet veteran Mélanie Joly is Carney's new industry minister, moving from foreign affairs, and will likely also play a major role in digital and innovation issues. Article content A generation earlier, the federal government was seen as an international leader in shifting to the online world but that evolution has slowed in recent years, according to tech industry officials. 'There's no question that we're going in the wrong direction,' said Janice Horn, federal account leader with EY's government and public sector operation. Article content Article content In the most recent United Nations e-government development index, widely seen as the most comprehensive scorecard of its kind, Canada fell to 47th place globally in 2024, from third in 2010. Article content Viet Vu, manager of economic research at the Dais, said Solomon, Joly and others in government face three significant challenges in turning the tide: attracting top AI talent to work in government when the market for their services is very strong; the need to build an internal digital culture that is user-focused; and do better at enabling digital access for Canadians. Article content While the federal government did well in providing online access to high-volume services during the recent pandemic, Vu said, the government should do better in offering government decisions and applications online and making logins and authentication easier and more secure. Article content 'We have not kept pace,' said Vu. Article content Finding the right balance in the fast-changing world of digital policy is another tough obstacle. On one hand, Solomon will want to promote economic growth and allow Canadians the online services they crave. On the other, governments are also responsible for dealing with security and privacy concerns, online hate and various tricky China-related matters, including how aggressively to deal with services such as the popular TikTok app.
Trade Arabia
12-05-2025
- Business
- Trade Arabia
Mycrane wins ‘Startup of the Year' award
Mycrane, the first global platform for online crane rental, has been named Startup of the Year at the Construction Technology Awards, held on May 1 in Dubai. The annual awards celebrate the most impactful digital transformation in the built environment across the Middle East and Africa, with entries evaluated for innovation, traction, scalability and benefit realisation. Mycrane received the award in recognition of its success in modernising the crane rental industry, delivering a platform that streamlines the procurement of lifting equipment and improves outcomes for both customers and equipment providers. It acknowledges the strength of the testimonials supplied by Mycrane's global users and equipment suppliers. 'This award affirms our commitment to introducing digital innovation in a sector that is now embracing new, more efficient ways of working,' said Andrei Geikalo, founder and CEO of Mycrane. 'By providing a smart, efficient and transparent way to source cranes online, we are helping companies complete their projects faster, more cost-effectively and with less environmental impact.' Founded in 2021, Mycrane is headquartered in Dubai with regional operations in India, Saudi Arabia and the USA. Since launch, the platform has attracted more than 1,700 registered crane rental companies offering in excess of 14,000 cranes -- giving customers access to what is effectively the largest crane fleet in the world. Mycrane clients can easily submit details of their lifting requirements via the platform to receive personalised quotes from verified suppliers, avoiding the need for multiple manual enquiries. The company also operates an online Marketplace for buying and selling new and used lifting equipment. Mycrane's success at the 2025 CTF Awards places the company firmly among the construction industry's most forward-thinking innovators, the company said. The event recognised a host of high-profile names across its shortlist and winners' list, including NEOM, Nesma & Partners, Saudi Binladin Group, El Seif Engineering Contracting Company, Dubai Municipality, Trojan Construction, and AtkinsRéalis.
