British e-commerce group THG said on Tuesday it had terminated its collaboration with a unit of Japan’s SoftBank Group Corp due to challenging global market conditions. THG said it has completed the internal separation of its key divisions but the call option with SoftBank to inject a further $1.6 billion into its technology arm THG… Continue reading British e-commerce firm THG ends agreement with SoftBank
Category: News Type
Coller Capital co-leads $1.5b GP-led transaction in Hahn & Co-backed Ssangyong C&E
Secondaries investor Coller Capital and South Korean private equity firm Hahn & Co have closed a $1.5-billion GP-led transaction in Ssangyong C&E Co Ltd, a Korean cement manufacturer and portfolio company of Hahn & Co that is actively expanding into waste management businesses. This is the largest transaction of its kind in Asia, Coller Capital… Continue reading Coller Capital co-leads $1.5b GP-led transaction in Hahn & Co-backed Ssangyong C&E
PAG acquires 51% effective interest in Yip’s Chemical’s solvents business for $340m
APAC-focused alternative investment firm PAG has signed an agreement to acquire 51% effective interest in Handsome Chemical Group from Yip’s Chemical Holdings Limited for RMB 2,295 million (approximately $340 million). According to an announcement, PAG will work with Yip’s Chemical and other existing shareholders to further build up the business, vertically integrating Handsome Chemical’s production… Continue reading PAG acquires 51% effective interest in Yip’s Chemical’s solvents business for $340m
German Manager Magazin: VW: Investors split over Porsche IPO001945
The upcoming change of boss Volkswagen According to a survey in September, doubts about the usefulness of the planned solution are raised among VW investors partial IPO the sports car daughter Porsche out. According to a survey of 58 investors by the investment house Bernstein Research published on Tuesday, 42 percent were in favor of… Continue reading German Manager Magazin: VW: Investors split over Porsche IPO001945
German Handelsblatt: Automotive and industrial suppliers: For more than half a billion euros: Schaeffler takes over drive specialist Ewellix004850
Headquarters of Schaeffler AG The company from Herzogenaurach is investing 582 million euros in the drive specialist Ewellix. (Photo: dpa) The automotive and industrial supplier Schaeffler is taking over the drive specialist Ewellix for well over half a billion euros. This will strengthen the group’s industrial business, Schaeffler announced on Sunday in Herzogenaurach. A price… Continue reading German Handelsblatt: Automotive and industrial suppliers: For more than half a billion euros: Schaeffler takes over drive specialist Ewellix004850
German Handelsblatt: Auto industry: software chaos, sales problems in China, distrust in the leadership: What the new VW boss has to tackle now004849
Cariad Volkswagen’s software unit was overwhelmed with too many tasks. (Photo: dpa) When Herbert Diess officially hands over the top post at Volkswagen to Oliver Blume at the end of August, he will be leaving his successor a company in the midst of upheaval. Although the 63-year-old initiated the transformation towards electromobility and the development… Continue reading German Handelsblatt: Auto industry: software chaos, sales problems in China, distrust in the leadership: What the new VW boss has to tackle now004849
EV Connect Platform Receives GSA Approval
Advanced EV charging management and related services become available through five EV Connect prime contractor partners. EL SEGUNDO, Calif., July 26, 2022 /PRNewswire/ — In proud support of the ongoing electrification of the U.S. government’s 650,000-vehicle fleet, EV Connect is announcing that its products and services are now included in the U.S. General Services Administration (GSA) Blanket… Continue reading EV Connect Platform Receives GSA Approval
Global and China Leading Tier1 Suppliers’ Intelligent Cockpit Report 2022: Intelligent Cockpit Display Business – Emerging Product Innovations, General Availability of New Technologies
DUBLIN, July 26, 2022 /PRNewswire/ — The “Global and China Leading Tier1 Suppliers’ Intelligent Cockpit Business Research Report, 2022 (I)” report has been added to ResearchAndMarkets.com’s offering. Tier1 Intelligent Cockpit Research: The mass production of innovative cockpits gathers pace, and penetration of new technologies is on a rapid rise Global OEMs and Tier 1 suppliers are… Continue reading Global and China Leading Tier1 Suppliers’ Intelligent Cockpit Report 2022: Intelligent Cockpit Display Business – Emerging Product Innovations, General Availability of New Technologies
GM Reports Second-Quarter 2022 Results
DETROIT, July 26, 2022 /PRNewswire/ — General Motors Co. (NYSE: GM) today reported second-quarter net income attributable to stockholders of $1.7 billion and EBIT-adjusted of $2.3 billion, in line with the earnings update the company issued on July 1. GM continues to expect to meet its full-year earnings guidance. Downloads Results Overview Three Months Ended… Continue reading GM Reports Second-Quarter 2022 Results
My Plates officially launches three new Classic Silver license plate designs!
“It’s our very popular Classic Texas look, trimmed out in Silver” said Steve Farrar, CEO/President of My Plates. Texans wishing to purchase any of these new designs may do so by visiting www.MyPlates.com starting from only $50 a year or as low as $35 a year when purchased for a five-year term. You do not… Continue reading My Plates officially launches three new Classic Silver license plate designs!