Singapore investment platform Xcelerate scores $11m funding

Xcelerate, a Singapore-headquartered operating and investment platform, announced raising fresh capital in an equity funding round backed by private equity firms Altair Capital and Exacta Capital Partners. The firm did not disclose how much it raised in the funding round but a filing with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) accessed by DealStreetAsia showed… Continue reading Singapore investment platform Xcelerate scores $11m funding

New Mercedes GLC Coupe SUV spotted in AMG performance guise

This year saw the introduction of the second-generation Mercedes GLC and like the first model, there will be a Coupe variant with AMG power. We’re yet to see the debut of the new GLC Coupe, but the latest images show the range-topping AMG version won’t be far behind. Considering the popularity of coupe-SUVs and the… Continue reading New Mercedes GLC Coupe SUV spotted in AMG performance guise

A Mk1 Porsche Cayenne Convertible really was planned, and built

Porsche has revealed three alternative body shapes were considered for the original 2002 Cayenne SUV – a coupe, stretched seven-seater and a convertible – as the company’s first off-roader celebrates its 20th anniversary. Amazingly, only the convertible model was built, an example of which can be found at the Porsche Museum in Stuttgart. Known as… Continue reading A Mk1 Porsche Cayenne Convertible really was planned, and built

New Mercedes-Maybach EQS SUV caught testing for the first time

The Mercedes-Maybach department is working on its take of the EQS SUV – Mercedes’ flagship electric SUV. Last year’s concept previewed plenty of design details that could make their way over to the production model and now we have a better idea what to expect having seen it in the metal.  Just like the upcoming… Continue reading New Mercedes-Maybach EQS SUV caught testing for the first time

New 2022 Porsche 718 Spyder RS caught undisguised

Development is well underway for the Porsche 718 Spyder RS, the track-honed roadster derived from the Cayman GT4 RS coupe. We’ve previously photographed the car testing at the Nurburgring, but these latest shots provide our first look at the new drop-top on public roads. With its vented bonnet, wheel arch louvres and vertical aero channels,… Continue reading New 2022 Porsche 718 Spyder RS caught undisguised

New all-electric MG4 hatchback to start from £25,995

This is MG’s take on the affordable, all-electric family car, the new MG4. Pricing and specification has now been revealed and MG says its new EV will be available from September this year.  We first saw the zero-emissions MG4 as the Mulan-badged EV in Chinese specification and we now know it’ll sit on the brand’s… Continue reading New all-electric MG4 hatchback to start from £25,995

China’s vehicle inventory alert index rises in July

A staff member cleans a Jeep Gladiator pickup truck displayed at the Fiat Chrysler Automobiles (FCA) booth during the second China International Import Expo (CIIE) in Shanghai, on Nov 6, 2019. [Photo/Agencies] BEIJING – China’s vehicle inventory alert index, which reflects the inventory pressure on automobile dealers, rose 4.9 percentage points month-on-month in July, industrial… Continue reading China’s vehicle inventory alert index rises in July

German FAZ: Two new economic methods for the Advisory Council003879

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