Squat for a successful start on the stock market Oliver Blume in front of the Frankfurt Stock Exchange: The double CEO of Volkswagen and Porsche can be happy. The IPO was successful. (Photo: AP) The new Volkswagen boss Oliver Blume wants to focus the entire group more on the capital market. “The brands give us… Continue reading German Handelsblatt: Porsche and Volkswagen: Virtual IPOs planned for all group brands – VW boss trims Wolfsburg to capital market course005358
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Tesla/Mobileye: assisted driving car chase speeds up
The valuation of both companies rests on long-term plans to create fleets of autonomous vehicles Go to Source
UK police catch 542,000 uninsured drivers since 2018
More than half a million cars have been seized across the UK in the past four years for being driven without insurance, sparking concern that the cost of living crisis could push this number further. Since 2018, 542,370 cars have been taken off Britain’s roads, with the largest number recorded (62,900) by the Metropolitan Police… Continue reading UK police catch 542,000 uninsured drivers since 2018
Why GM’s Cruise division is bullish despite losing $5m a day
Currently reading: Why GM’s Cruise division is bullish despite losing $5m a day Europe-bound General Motors’s autonomous driving arm lost $500m in Q2 2022, but bosses anticipate a turnaround Open gallery GM CEO Mary Barra said in July that Cruise could eventually raise $50 billion per year Cruise currently uses a fleet of adapted Chevrolet… Continue reading Why GM’s Cruise division is bullish despite losing $5m a day
Audi TT RS Iconic Edition is five-pot finale for sports coupe
The third-generation Audi TT is to exit with the highly exclusive RS Iconic Edition, landing next year during the final months of production. It arrives at the same time as the Audi R8 RWD GT – a 612bhp swansong for the TT’s V10-engined sibling, which will also bow out in 2023. It is marked out from the… Continue reading Audi TT RS Iconic Edition is five-pot finale for sports coupe
New Audi R8 RWD GT is final outing for legendary V10 supercar
Plus, there’s a new seven-stage rear traction control system that can be adjusted for the desired compromise between accuracy and flamboyance. The so-called ‘Torque Rear Drive’ mode’ appears for the first time on the new GT, allowing for a “little slippage” in setting one and “a lot of slippage” in position seven. It also distributes… Continue reading New Audi R8 RWD GT is final outing for legendary V10 supercar
New 2024 Mini Aceman gears up to rival Kia Niro EV
Mini is primed to launch the Aceman – its first new model name in 10 years – as a small electric crossover to fill the gap between the flagship Mini hatchback and Mini Countryman SUV. Due on sale in 2024, the Mini Aceman is a clean-sheet design and the first in a series of EVs… Continue reading New 2024 Mini Aceman gears up to rival Kia Niro EV
S Korea’s Naver to acquire US fashion platform Poshmark for $1.6bThe deal will combine Poshmark’s platform with Naver’s tech including image recogniti…
South Korean tech firm Naver Corp said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark Inc, a U.S. secondhand fashion platform, as a strategic investment to enter the U.S. e-commerce market. The $1.6 billion includes consideration for Poshmark’s cash holdings, and the enterprise value of Poshmark is about $1.2 billion, a Naver spokesperson said. The… Continue reading S Korea’s Naver to acquire US fashion platform Poshmark for $1.6bThe deal will combine Poshmark’s platform with Naver’s tech including image recogniti…
Two Indonesian founders-turned-funders are looking to launch new vehicles
Two venture capital vehicles, set up by Indonesian startup founders, may soon enter the market looking to raise funds, DealStreetAsia has learnt. Emile Etionne, the founder of Openspace Ventures-backed travel photography startup SweetEscape, is planning to launch a new VC fund, according to sources in the know. Go to Source
SE Asia has become a big, sophisticated PE market: UK-based ICG
London-listed Intermediate Capital Group’s (ICG) flexible capital-structuring solutions have thrown up more investment opportunities, according to a senior executive of the firm. ICG is active in three main businesses — corporate strategies, which comprise structured and private equity and private debt; credit; and real assets. Go to Source