The UK’s company car parc is returning to pre-pandemic volumes, according to the latest Department for Transport (DfT) data, but incentive-fuelled electrification means fleets operate 40% fewer diesel vehicles than two years ago. Statistics for the first three months of 2022 show a combined fleet of 2,722,060 company cars in the UK. That’s 46,947 more… Continue reading New EV incentives revive demand for company cars in the UK
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Matt Prior: Audi A5 shows how well brand’s design has aged
Travelling along the M40 this morning I moved right for an Audi A5 Cabriolet to join the carriageway. Silver with a black hood. Still a handsome car. Only as it passed me did I notice its ’58 number plate, making it an early version given deliveries only began early in 2009. But even at 13 years… Continue reading Matt Prior: Audi A5 shows how well brand’s design has aged
Amazon and Rivian begin roll-out of electric delivery vehicles
E-commerce firm Amazon and electric vehicle manufacturer Rivian have started to roll out their electric delivery vehicles across the US, with plans to bring “thousands” to more than 100 cities by the end of 2022. The electric delivery vans, which Amazon says have been designed from the ground up with “safety, sustainability and comfort in… Continue reading Amazon and Rivian begin roll-out of electric delivery vehicles
Beverage Packaging Market Report by Technavio predicts USD 75.01 Bn growth
NEW YORK, July 21, 2022 /PRNewswire/ — The “Beverage Packaging Market by Material and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to grow by USD 75.01 billion between 2020 and 2025. The market observed a YOY growth of 4.92% in 2021 and the growth momentum is expected to accelerate… Continue reading Beverage Packaging Market Report by Technavio predicts USD 75.01 Bn growth
Tencent lays off staff at NFT unit as Chinese regulators step up scrutinyHuanhe has only been operating since August 2021.
Tencent Holdings Ltd. is laying off staff at its non-fungible token (NFT) purchase and collection platform Huanhe, sources close to the Chinese internet giant told Caixin, amid intensified regulatory scrutiny over transactions in the tokens that aim to provide proof of ownership of digital assets such as works of art. Huanhe, which has only been… Continue reading Tencent lays off staff at NFT unit as Chinese regulators step up scrutinyHuanhe has only been operating since August 2021.
Losses narrow for Vietnam’s e-commerce players, but profitability remains far off
The recent financials of e-commerce marketplaces in Vietnam show that these players have knuckled down to reduce their losses despite being in a sector that has become infamous for high cash burns. DealStreetAsia analysed the financial statements of four e-commerce companies in the country — Tiki, Sendo, Sea Limited’s Shopee, and Alibaba-backed Lazada. Go to… Continue reading Losses narrow for Vietnam’s e-commerce players, but profitability remains far off
Beating the pandemic blues, SG travel startup RedDoorz looks to break even in core markets by Oct
Circa 2019. Hotel-booking startup RedDoorz had just raised $70 million in a Series C funding round in July, less than five months after closing its $45-million Series B round. The company was growing 4-5 times year-on-year in occupied room nights, with occupancy levels averaging 65-70% across some 1,500 hotels in Southeast Asia. But then the… Continue reading Beating the pandemic blues, SG travel startup RedDoorz looks to break even in core markets by Oct
LGT Capital hits final close of third co-investment fund at $2b
Swiss alternative investment firm LGT Capital Partners has announced that it has raised $2 billion for its third co-investment fund that will opportunistically invest in the Asia Pacific region. The fund, Crown Co-investment Opportunities III (CCO III), exceeded a $1.5 billion target and attracted more than 60 institutional investors, including pension funds, insurance firms, endowments,… Continue reading LGT Capital hits final close of third co-investment fund at $2b
Singapore Exchange, NYSE join hands for dual listings, ETFs, ESG products
Singapore Exchange Ltd (SGX) said on Friday it will team up with the New York Stock Exchange for dual listing of companies on both the bourses, allowing investors to tap overseas investment opportunities on the two major exchanges. The two stock exchanges will also explore development of more exchange-traded funds products (ETFs), new environmental-social-corporate governance… Continue reading Singapore Exchange, NYSE join hands for dual listings, ETFs, ESG products
Production of Interior and Exterior Products Begins at Toyoda Gosei Group Miyagi Ohira Plant
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) Group company Toyoda Gosei East Japan Co., Ltd. has begun production of large plastic automotive parts at its Miyagi Ohira Plant in July 2022. The Miyagi Ohira Plant will produce front grilles and other plastic painted products close to its customer, Toyota Motor East Japan, Inc. These products… Continue reading Production of Interior and Exterior Products Begins at Toyoda Gosei Group Miyagi Ohira Plant