Aruna Anand Appointed New President and CEO of Continental Automotive North America

Aruna Anand Appointed New President and CEO of Continental Automotive North America
  • Productive December 1, Aruna Anand will suppose obligation as President and CEO of the company’s Automotive Team Sector in North America

  • Anand provides additional than 25 yrs of remarkable expertise and management

AUBURN HILLS, Mich., November 21, 2022–(Enterprise WIRE)–Leading engineering enterprise Continental right now declared that Aruna Anand has been named the new President and Main Govt Officer of Continental’s Automotive team sector in North America, efficient December 1. She will also retain her present-day purpose as Head of the Architecture and Networking business area for the North American region of Continental Automotive. In this position, Anand is liable for all international architecture and networking enterprise routines that support prospects primarily based out of North The us.

This press launch options multimedia. Watch the whole release right here: https://www.businesswire.com/news/residence/20221121005768/en/

A 25-calendar year veteran of the Automotive business, Aruna Anand was not long ago named the new North American President and CEO of Continental’s Automotive Team Sector. (Image: Business enterprise Wire)

Considering the fact that signing up for the corporation in 1997, Anand has held quite a few leadership positions throughout the various business locations of the Continental Automotive group sector. She was Head of Computer software for Gasoline Engine and Transmissions Units for the Electronic Controls small business device within the company’s then Powertrain division. She also led the Wi-fi Merchandise Team Engineering inside of the Linked Car or truck Networking business enterprise unit of Continental’s Car or truck Networking and Information small business place.

Prior to getting named as the head of Architecture and Networking, Anand was liable for leading Continental Engineering Expert services, an independently operating organization unit that provides in depth engineering companies.

“Aruna provides an fantastic combination of working experience and talent to the President and CEO Automotive North The usa place,” explained Nikolai Setzer, CEO, Continental AG. “She is a respected chief and is a specialized skilled in many locations that are the emphasis of our long run progress. Aruna’s determination to our customers and our staff members will help tutorial the achievement of Continental in the critical North American marketplace.”

Anand gained her master’s diploma in Computer system Science and Engineering from Oakland College and a bachelor’s diploma in Electrical and Electronics Engineering from Anna University, in Chennai, India. In 2020, she was identified by Automotive Information as one particular of the 100 Major Women in the North American Automotive sector. In 2018, Anand was honored with the prestigious Automotive Information Soaring Star award. She was also lately recognized at the Women of all ages of Colour Awards Gala and obtained the Qualified Accomplishment in Marketplace award.

“It is an honor to be selected as Automotive President and CEO for North The us,” Anand claimed. “I search forward to leading our proficient workforce towards a dazzling foreseeable future and offering our shoppers with major technological solutions.”

About Continental

Continental develops revolutionary systems and services for sustainable and related mobility of folks and their goods. Founded in 1871, the technology business presents protected, effective, intelligent and very affordable alternatives for vehicles, devices, targeted traffic and transportation. In 2021, Continental generated gross sales of €33.8 billion and at this time employs far more than 190,000 people in 58 nations and marketplaces. On October 8, 2021, the firm celebrated its 150th anniversary.

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Press portal: www.continental-push.com
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Watch source version on businesswire.com: https://www.businesswire.com/information/household/20221121005768/en/

Contacts

Kathryn Blackwell
Vice President, Communications and Advertising
Continental, North The united states
Telephone: +1 (248) 462-9114
E mail: Kathryn.Blackwell@continental.com

Mullen Automotive CEO, David Michery, is Featured on The Stock Day Podcast

Mullen Automotive CEO, David Michery, is Featured on The Stock Day Podcast

Phoenix, Arizona–(Newsfile Corp. – November 18, 2022) –  The Stock Working day Podcast welcomed Mullen Automotive (NASDAQ: MULN) (“the Enterprise”), a Southern California-based mostly automotive business creating the future era of premium electric powered motor vehicles (EVs) that are affordable and built fully in the United States. CEO of the Enterprise, David Michery, joined Stock Day host Everett Jolly.

Michery began the interview by elaborating on the productive debut of the Firm’s initial electrical crossover, which was a short while ago regarded for its design and condition-of-the-artwork PERSONA technological know-how. “The reaction has been frustrating,” shared Michery. “I imagine PERSONA will be a significant hit It is next degree technological know-how,” he ongoing, including that the Business is at this time accepting pre-orders for the EV crossover, which is expected to get there on the market in 2024.

The discussion then turned to a latest announcement detailing the Company’s partnerships with Newgate as a marketing, income, distribution and servicing agent for the Mullen I-GO in Eire and the United kingdom. “The I-GO is an electric powered, tiny cargo shipping and delivery motor vehicle that is created for use in smaller locations,” said Michery, prior to elaborating on Newgate’s reputation as an automotive servicing agent in Eire. “The upcoming market will be Germany, and we are excited about that as nicely as the likely profits stream,” he defined. “We are in fact making ready to supply the 1st auto to Newgate immediately.”

Jolly then asked about the Firm’s acquisition of ELM’s assets, and the benefit they depict to the Organization. Michery shared that the Organization will be getting the property for somewhere around $120 million, which is predicted to close inside of 5 to 10 days.

“What are your feelings for finding the inventory value higher than just one dollar?”, requested Michery. “Fundamentals get out there and supply,” replied Michery. “We have a lot of substantive information coming out in excess of the next two to three months, and we will get to the position of delivering to the buyer,” claimed Michery, introducing that the Corporation also hopes to appeal to municipalities.

Jolly then commented on the enhanced need for electric autos, and asked about the probable of governing administration grants. “I anticipate to get out there and have to gain each chance,” stated Michery. “Let’s end speaking about likely and let’s aim on deliverables.”

“What excites you most about accomplishing the deal with Bollinger Motors?”, asked Jolly. “To explain to you the fact, I was amazed I even experienced the chance to order managing interest in that corporation,” mentioned Michery, right before talking about Bollinger Motor’s proprietary engineering for its rugged, navy-quality car or truck.

“The place do you strategy on assembling all these autos and versions?”, asked Jolly. Michery shared that the Company will be acquiring a previous GM-used production facility as part of their ELM’s acquisition.

“This corporation is focused to making top quality solutions in The united states by Americans,” reported Michery. “About the world, we are going to set men and women back to do the job and give them chances and make The united states wonderful once again.”

To hear the overall interview, comply with the connection to the podcast in this article: https://audioboom.com/posts/8199055-mullen-automotive-ceo-david-michery-is-highlighted-on-the-stock-working day-podcast.

Buyers Hangout is a proud sponsor of “Stock Working day,” and Stock Working day Media encourages listeners to stop by the firm’s concept board at https://investorshangout.com/.

About Mullen

Mullen Automotive is a Southern California-based mostly automotive firm constructing the next era of quality electric powered cars (EVs) that are economical and created completely in the United States. With an stop-to-close ecosystem that supports homeowners from exam driving to financing and servicing through a one of a kind hybrid dealership model, shoppers are supported via each part of EV possession. The Mullen 5, the Firm’s to start with electric powered crossover, is slated for delivery in 2024 and characteristics an award-profitable design and its patented PERSONA technological know-how that makes use of facial recognition to personalize the driving practical experience for every particular person. To study far more about the Enterprise, go to www.MullenUSA.com.

Ahead-Seeking Statements

Selected statements in this push launch that are not historical info are forward-seeking statements inside the indicating of Portion 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this push launch that are not statements of historic reality may possibly be deemed ahead-wanting statements. Terms these as “continue,” “will,” “may,” “could,” “need to,” “hope,” “predicted,” “plans,” “intend,” “anticipate,” “feel,” “estimate,” “predict,” “prospective” and comparable expressions are intended to discover such forward-searching statements. All forward-looking statements require sizeable pitfalls and uncertainties that could cause actual final results to vary materially from those people expressed or implied in the forward-looking statements, many of which are generally outside the house the command of Mullen and are tricky to forecast.

Contact:

Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

About The “Stock Day” Podcast

Launched in 2013, Stock Day is the fastest increasing media outlet for Nano-Cap and Micro-Cap organizations. It educates buyers even though simultaneously doing the job with penny inventory and OTC companies, furnishing transparency and clarification of under-valued, less than-marketed Micro-Cap stocks of the current market. Inventory Working day provides corporations with custom-made solutions to their information distribution in equally national and global media shops. The Stock Working day Podcast is the amount a single radio clearly show of its variety in The united states.

Source:
Stock Day Media
(602) 821-1102

To watch the supply edition of this press launch, be sure to go to https://www.newsfilecorp.com/launch/144780

VW may ax Tesla-rivaling plant, report says

VW may ax Tesla-rivaling plant, report says

Volkswagen Team CEO Oliver Blume designs to force back the automaker’s critical Trinity flagship EV project from 2026 towards the conclusion of the decade and may possibly also scrap plans for a new manufacturing unit in Germany, reports stated.

VW reported in March that it would to make investments 2 billion euros in a new factory in close proximity to its Wolfsburg headquarters to develop electrical cars with advanced self-driving functions, with development thanks to start out in spring 2023.

The Trinity EVs would use the group’s new SSP software package-led system, which VW says will empower Level 4 autonomy, meaning the car or truck will be equipped to push itself.

VW experienced prepared to officially start out manufacturing at the new manufacturing facility in 2026. Blume would like to delay this right until 2030 for the reason that new software program will not be ready in time, Manager Magazin claimed.

VW’s management nevertheless ideas to provide the self-driving, long-vary EVs to market place, a source told Reuters, introducing the concern was no matter if a new manufacturing facility was needed in Wolfsburg or the assembly line at Wolfsburg’s primary plant could make them.

The SSP platform will probably no longer be introduced with the Trinity plant as at first prepared, Supervisor Magazin reported.

The delays complicate VW’s bid to capture up with Tesla and lay bare the challenges of overhauling Europe’s biggest automaker, from retooling factories to repairing buggy software package that has pissed off drivers of its electric cars.

VW “presently is having the option to glimpse at all jobs and investments and verify them for viability,” the enterprise reported in an internal information to employees. A spokesperson declined to remark additional.

VW prepared to develop a new plant to slash output situations to match individuals of Tesla at its new European factory in the vicinity of Berlin by employing approaches this kind of as significant die casting and cutting the range of parts in its cars and trucks.

Tesla states it can presently develop a Model Y SUV in 10 hrs at its manufacturing facility in Gruenheide close to Berlin, whilst it can get VW 3 occasions as lengthy to make its ID3 total-electrical hatchback.

The final decision to increase a new manufacturing unit website was component of previous CEO Herbert Diess’s force to make EVs faster and become additional economical. The government, whom Blume changed in September, very last 12 months unveiled aggressive methods for EVs, application and new-mobility offerings.

Blume has to stroll back some of all those targets for the reason that they are unrealistic, a VW source said, incorporating that the details of the alterations are still getting labored out.

Reuters and Bloomberg contributed to this report

150 plug-in vehicles arriving in U.S. showrooms through 2026

150 plug-in vehicles arriving in U.S. showrooms through 2026

Chrysler electric crossover: The brand programs to launch its very first battery-electric automobile by 2025. Chrysler unveiled a preview of what that model could appear like with its electric Airflow crossover thought at CES in January. Chrysler said the thought, which delivers 350 to 400 miles of electrical vary, is centered on the STLA Significant system.

Ford electrical pickup: Ford states its Blue Oval Metropolis assembly plant in Tennessee will establish “subsequent-generation electrical F-Sequence pickups” on Ford’s committed battery platform. CEO Jim Farley went a stage even more, stating the new plant will build “one more truck” that is not a redesigned Lightning. The car will go on sale in 2025. Specifics are scarce, but it could be a distinctly styled full-sizing pickup under the F-Collection umbrella promoted more towards retail consumers whilst the traditional Lightning manufactured in Michigan would focus on business gross sales.

Ford Explorer EV: Following scrapping strategies to make the Explorer and Lincoln Aviator EVs alongside the Mustang Mach-E in Cuautitlan, Mexico, Ford now options to make the vehicles in Oakville, Ontario, beginning in late 2024. Product sales likely will start off in early 2025. The website soon will be transformed from setting up the gasoline-powered Edge and Lincoln Nautilus.

Genesis Electrical G70: The second technology of the G70 should get there in 2025 as a devoted EV crafted on the E-GMP platform. It really is unclear no matter if Genesis will stick with the “Electrified” naming conference it can be applying on its G80 and GV70 considering that the model’s availability only with an all-electric powered powertrain now signals it is really electrified.

Genesis substantial electrical crossover: Genesis could debut an electric three-row crossover in the next 50 percent of 2025 and it can be possible it will be designated the GV90. The design would be an upscale model of the Kia EV9 and Hyundai Ioniq 7, both 7-seat midsize crossovers developed on the E-GMP system that will roll out in the coming several years.

Infiniti EV sedan: The Japan-manufactured Q50 sporting activities sedan must be reincarnated mid-ten years as a battery-run product centered on the Q’s Inspiration sports activities sedan notion. It features an elevated driving place and all-wheel generate. The new EV will be developed at Nissan’s plant in Mississippi starting in 2025.

Jaguar huge electric SUV: Arriving in 2025 and crafted on a stretched Panthera platform, the massive electrical Jag SUV is aimed at the U.S. and China. It is predicted to be provided in two versions, a regular, loaded edition and a tremendous-high-performance SVR product that could have a sticker rate north of $200,000.

Jaguar midsize electrical SUV: Autocar says the smallest of the new Jags will be about the exact sizing as the Porsche Taycan, arrive in three- and five-door overall body designs, and have a six-determine commencing rate tag.

Kia EV5: An electrical sedan is anticipated in mid-2025. It is continue to unclear no matter whether Kia’s K5 midsize sedan will section out following its existing cycle. If so, the EV5 could choose its spot in the lineup, sharing related dimensions with the Hyundai Ioniq 6 and sporting a style and design not aimed at family members demographics.

Land Rover Defender: A thoroughly electrical model is expected.

Land Rover Discovery Sport: The future-generation Discovery Sport will go to the EMA architecture and be available as an EV, potentially in 2025.

Lexus’ next BEV: Lexus is bringing a second EV to the U.S. in 2025, but no matter whether it will be a 3-row crossover, related to the RX, or a a lot more efficient sports sedan, very similar to the IS, is unidentified. The Lexus Electrified Sedan strategy proven in December could possibly be the much more logical guess, given the RX is the brand’s ideal-vendor and is freshly redesigned with a hybridized powertrain, and a three-row crossover may well undercut the new TX, while the IS is lengthy in the tooth. But in no way wager from Lexus’ ability to make funds — which signifies it will in all probability be the crossover.

Lincoln Aviator-sized EV: An EV centered on the Aviator was delayed together with the Ford Explorer variant to make room for extra Mustang Mach-E generation in Cuautitlan, Mexico. Now it truly is bound for Ford’s Oakville Assembly Plant, with production anticipated to start in late 2024 and product sales setting up in early 2025.

Lincoln midsize crossover EV: Lincoln experienced prepared a midsize crossover EV, code-named CDX818, for U.S. production in 2025. That motor vehicle is now planned for China-only manufacturing, with U.S. gross sales plans unclear.

Lucid midsize platform: Lucid executives have talked a little about the company’s future platform, which will be made for more mainstream luxury automobiles. A smaller sedan or hatchback could use half the battery, a one motor and more mainstream supplies to hit the selling price place of a Tesla Model 3, which starts off just underneath $50,000. The identical platform could also support a crossover these kinds of as the Tesla Product Y. But with its palms complete with the Air correct now, Lucid likely will not provide a 3rd product until finally 2025.

Maserati MC20: The sporting activities automobile will get a battery-electric giving in 2025.

Mazda MX-50: It is probable Mazda will debut an electric compact crossover in 2025 offering CX-50 sizing and a variation with a rotary motor range extender, like what is anticipated on the up coming iteration of the MX-30.

Mercedes EQC crossover: Mercedes-Benz programs to convey the subsequent era of its EQC electric powered compact crossover to the U.S. in late 2025. It will be centered on the compact MMA system.

Mini electrical compact crossover: The new EV would slot below the brand’s very best-selling Countryman. Formulated in cooperation with Excellent Wall Motor, the China-created Mini crossover will debut an all-electric platform and a fashionable structure. Not obvious still is regardless of whether the EV will be greenlighted for the U.S. industry.

Mini electric powered small car: The China-manufactured compact hatchback would be smaller sized than the existing hardtop. Mini will jointly build it with Wonderful Wall Motor. Irrespective of whether the product reaches U.S. dealers remains to be noticed.

Nissan electric powered crossover coupe: Nissan will introduce a substitute for the Leaf mid-10 years. Nissan teased the new design very last calendar year in a sporty thought referred to as the Chill-Out. It uses Nissan’s CMF-EV system and attributes the dual-motor e-4ORCE all-wheel-generate method.

Nissan electrical sedan: The battery-powered product arriving in 2025 has a sedan-like profile with a sloping roofline and new headlight and taillight designs. Impressed by the Nissan IMs notion proven at the Detroit auto exhibit in 2019, the dual-motor EV will be dependent on the CMF-EV platform and attribute a extended wheelbase and waistline, cabin-forward A-pillars and a sloped angle to the rear home windows.

Porsche 718 Boxster: Porsche will switch the mid-motor sporting activities auto into an completely electrical design in 2025.

Porsche 718 Cayman: Porsche really should expose a battery-powered variation mid-decade.

Porsche Cayenne: The crossover could be the fifth Porsche nameplate to get an all-electric powered powertrain as early as 2025.

Rivian R2T/R2S/R2X/R2R: The first vehicles out of Rivian’s Ga plant are designed to be scaled-down and much more inexpensive, the enterprise says. The automaker will probable use in-property motors and give lithium iron batteries to bring down their price in comparison with the expensive R1T and R1S. Rivian claims the plant will start its initially automobiles in 2025. Those people could consist of a scaled-down pickup working with the R2T identify and a lesser R2S SUV. The new platform also could be employed to make a smaller Rivian R2X that usually takes aim at two-doorway versions of the Wrangler and Bronco, when battery-electric powered variants of people competition are made available. If Rivian decides to make more carlike autos, a person likelihood is an off-road-targeted hatchback with the glance of a rally motor vehicle. AutoForecast Alternatives states the sporting car or truck could just take the R2R name.

Rolls-Royce electrical crossover: A battery- driven crossover could arrive in U.S. showrooms by mid-ten years. According to media experiences, the EV would be developed on the Architecture of Luxurious system and share drivetrain technologies with father or mother BMW’s following-technology EVs.

Toyota electric sedan: Supplied the earlier than predicted products launches, Toyota’s 3rd BEV could be a sedan arriving at U.S. dealerships in 2025.

Volvo electric midsize crossover: An all- electric edition of the XC60 crossover arrives in the 1st half of 2025. A vendor describes it as becoming bigger, sportier and much more off-street-capable — with a new entrance and rear style and design. It also has a recently made instrument cluster and a floating middle display screen within.


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Mullen Automotive Releases New Info About Upcoming Mullen Five RS

Mullen Automotive Releases New Info About Upcoming Mullen Five RS

LOS ANGELES, CA – (NewMediaWire) – September 29, 2022 – (InvestorBrandNetwork by means of NewMediaWire) – IBN, a multifaceted financial information, articles generation and publishing enterprise, is used by both public and non-public businesses to optimize investor consciousness and recognition.

Mullen Automotive (NASDAQ: MULN), an emerging electric powered auto (“EV”) maker, introduced an forthcoming version of its Mullen Five crossover that delivers a effectiveness “to rival Plaid versions of Tesla’s Design S and Model X.” The Mullen 5 was at first meant to contend in opposition to Tesla’s Product Y and Volkswagen ID.4, but the new edition options far more than 1,000 horsepower and the potential to go from to 60 in under 2 seconds with a prime pace of extra than 200 mph the new design also functions an 800-volt electrical technique, enabling swift cost times when working with a DC quick charger. The 5 RS will be manufactured in MULN’s Tunica, Mississippi, plant and is expected to be revealed future spring, with the standard variation starting at about $55,000. The organization anticipates offering the initially cars in 2024. “From the inception of Mullen, it has been my mission to provide an ultrahigh-performance EV to current market,” mentioned Mullen Automotive CEO and chair David Michery in the press launch. “The 5 RS is intended to be just one of the speediest automobiles on the world, competing with some of the best and most nicely-regarded and regarded automotive marques.”

To see the whole posting, visit https://ibn.fm/Pmpw5

About Mullen Automotive Inc.

Mullen is a Southern California-centered automotive business that owns and associates with a number of synergistic corporations doing the job towards the unified objective of developing clear and scalable vitality options. Mullen has evolved about the earlier decade in sync with people and know-how developments. Right now, the enterprise is performing diligently to provide enjoyable EV possibilities constructed solely in the United States and built to in shape completely into the American consumer’s daily life. Mullen strives to make EVs far more obtainable than ever by developing an end-to-end ecosystem that will take care of all features of EV ownership. To find out additional about the enterprise, pay a visit to www.MullenUSA.com.

Take note TO Investors: The most up-to-date news and updates relating to MULN are obtainable in the firm’s newsroom at https://ibn.fm/MULN

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Akio Toyoda: California, U.S. EV targets will be hard to achieve

Akio Toyoda: California, U.S. EV targets will be hard to achieve

LAS VEGAS – Ambitious targets for electric powered automobile product sales – in California or nationwide – will be tricky to reach by 2030 or 2035, Akio Toyoda advised reporters Thursday. 

Concerning California’s rule calling for a ban on the sale of gasoline-burning automobiles by 2035, the Toyota Motor Corp. CEO reported: “Realistically talking, it would seem fairly difficult to genuinely obtain that.” 

He additional that a likely nationwide target of 50 per cent zero-emission vehicles by 2030 would be “very difficult.” 

As a world wide automaker serving 200 countries, Toyota have to consider into account the wide selection of disorders in people several marketplaces, including the requirements of the 1 billion or so persons who really don’t have dependable entry to electrical power.

By means of a translator, he cautioned that regulations “tend to slender the possibilities accessible for methods toward carbon neutrality.”

Longer expression, he sees hydrogen combustion as a powerful giving. In the quick phrase, hybrids may possibly supply the best fantastic, he prompt, noting that Toyota can create 8 plug-in hybrids with 40 miles of electric variety for each individual 320-mile battery-electrical vehicle and save up to 8 times the carbon emitted into the ambiance. 

Toyoda, here for the automaker’s once-a-year seller meeting, on Thursday, satisfied with a handful of journalists to discuss carbon neutrality and the automobile industry’s function in slowing world-wide warming. He also resolved the effect that Toyota is at the rear of in the race to convey EVs to marketplace.

Electric automobiles “are just likely to consider lengthier than the media would like us to feel,” Toyoda informed the dealers throughout their assembly. He pledged to provide the “widest possible” array of powertrains to propel automobiles cleanly. “That’s our tactic and we’re sticking to it.”

“Some are racing to a end line of all-electric,” he claimed in the ready remarks unveiled prior to his meeting with journalists. Toyoda is working in all markets and segments to cut down carbon emissions as speedily as possible and “does not see a end line right up until Toyota gets to carbon neutrality.”  

In prepared remarks, he explained Toyota is “balancing the infrastructure we have right now with the power we will need for tomorrow.” 

Late past calendar year, Toyota committed 8 trillion yen (really worth $70 billion at the time) to electrify its lineup by 2030, fifty percent of it to develop a battery EV lineup, as it appears to be like to faucet a growing marketplace for zero-emission vehicles.

Toyota expects its profits of entire-electrical automobiles to arrive at only 3.5 million motor vehicles by the finish of the 10 years, or just over a 3rd of its present world wide volume.

The company designs to introduce 30 EVs by 2030, but even its large expenditure options are significantly less grand than those people of GM and Ford. 

Toyota’s luxury Lexus arm aims to have a total lineup of battery EVs in all car segments by 2030 and for battery EVs to make up 100 percent of its world income in 2035 in Europe, North The usa, and China — totaling 1 million units globally.

In addition, Toyota has dedicated $3.8 billion to develop a manufacturing facility in North Carolina to make batteries for hybrids and EVs. 

The CEO reported a absence of adequate infrastructure will maintain again EV adoption costs, which is a component in its choice not to go all in on electrical power to the exclusion of hybrids or hydrogen-combustion or hydrogen gasoline cells.

“Toyota is a office retailer of all kinds of powertrains,” he informed reporters. “It’s not right for the office shop to say, ‘This is the product you must acquire.’”

Bloomberg contributed to this report.