When the Munich-based supplier group Knorr- Bremse invites you to its annual general meeting on Tuesday, a CEO will once again be missing. After the short guest appearance of the former Linde manager Bernd Eulitz, the former Siemens manager Jan Mrosik left the ship in March. Both of them, it was said afterwards, never arrived… Continue reading German Handelsblatt: Transformation to electric mobility: ZF, Mahle, Knorr-Bremse, Grammer: why so many automotive suppliers are looking for a new boss004359
Category: News Type
2025 Volkswagen ID 1 is Spanish-built, £17,000 entry EV
Volkswagen will launch the ID 4 saloon as a slick technological showpiece aimed at stealing sales from the most popular electric cars on the market, but at the other end of the line-up the brand is set to unveil a compact urban EV pricedat around the £17,000 mark. The German car maker gave a hint of… Continue reading 2025 Volkswagen ID 1 is Spanish-built, £17,000 entry EV
Autocar Notebook: Billions of ways to build a Bentley
Autocar’s journalists have emptied their notebooks with some of the best stories you might have missed this week. This week: Bentley’s vast customisation options, and Stellantis on making EVs more affordable. Spoiled for choice Have you ever wavered on buying a new car because it isn’t offered with 18k gold-plated organ stops? Step forward Bentley, which… Continue reading Autocar Notebook: Billions of ways to build a Bentley
World NM: Norilsk Nickel continues to supply metals in accordance with contracts – review001766
MOSCOW, May 23. /TASS/. Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel, continues to supply metals in accordance with contracts, the company said in its review of markets of nickel and platinum group of metals. “Nornickel confirms its production guidance for 2022 and continues to deliver metals according to its contract obligations… Continue reading World NM: Norilsk Nickel continues to supply metals in accordance with contracts – review001766
Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
Startup financing in Greater China got off to a slow start in 2022 as geopolitical uncertainties and the COVID-induced economic slowdown resulted in volatile stock markets that made investors apprehensive about exits. Privately-held companies headquartered in Greater China — i.e., mainland China, Hong Kong, Macau, and Taiwan —raised a combined $12.3 billion from 363 deals… Continue reading Greater China fundraising slows in Q1 2022 as PE-VC interest in megadeals wanes …
SG’s ADDX raises $58m pre-Series B from Thailand’s SET, Krungsri Bank, others
Singapore-based private market exchange ADDX has raised $58 million in pre-Series B funding from the Stock Exchange of Thailand (SET), United Overseas Bank (UOB), Hamilton Lane and Krungsri Bank. SET and UOB contributed $25 million each to the round, show ADDX’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Go to Source
Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Early-stage venture capital firm Access Ventures is looking to raise $50-100 million for its third vehicle, after closing its second fund at around $40-50 million, DealStreetAsia has learnt from sources aware of the development. The second fund, which closed last year, most recently led a $2 million Series A investment in the Vietnamese D2C menswear… Continue reading Access Ventures looks to raise $50-100m for new vehicle, closes Fund II at around $50m
Is Tiger Global blazing a new funding trend In India – again?
When Tiger Global made its first seed investment in Indian e-commerce enablement startup Shopflo earlier this month, it created a stir in the industry. The New York-headquartered hedge fund is known so far to participate in larger rounds at later stages in private companies. Its investment has paved the way for some of the startups… Continue reading Is Tiger Global blazing a new funding trend In India – again?
Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
Global impact fund manager LeapFrog Investments, which received a commitment of $500 million from Temasek last year, is raising a $1-billion growth-stage fund that will invest in healthcare and financial services businesses in Africa, South Asia, and Southeast Asia. International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up… Continue reading Temasek-backed Leapfrog raising $1b fund, IFC may come in as LP
Snap says it will miss this quarter’s revenue goals and slow hiring
Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow year over year, Spiegel says the… Continue reading Snap says it will miss this quarter’s revenue goals and slow hiring