Category: Automotive

@Hyundai: Bold and Progressive Kia K3 Sets New Standards in its Class

The all-new Kia K3 raises the bar in terms of design, comfort, and technology for the sub-compact segment Produced in Nuevo Leon, Mexico, the Kia K3 is specifically designed to surpass the needs of its customers and offer them emotional appeal Guided by the ‘Opposites United’ design philosophy, the K3 brings a bold and unprecedented… Continue reading @Hyundai: Bold and Progressive Kia K3 Sets New Standards in its Class

German Handelsblatt: Automotive supplier: Continental lowers its sales forecasts007450

A truck tire from Continental Continental had already published key figures for the second quarter in July. (Photo: Reuters) The automotive supplier Continental has lowered its sales forecasts for the full year in view of a weaker tire business. In the tire business, sales of 14.0 to 15.0 billion euros are now expected, the company… Continue reading German Handelsblatt: Automotive supplier: Continental lowers its sales forecasts007450

German Handelsblatt: Automotive supplier: Continental lowers its sales forecasts007451

A truck tire from Continental Continental had already published key figures for the second quarter in July. (Photo: Reuters) The automotive supplier Continental has lowered its sales forecasts for the full year in view of a weaker tire business. In the tire business, sales of 14.0 to 15.0 billion euros are now expected, the company… Continue reading German Handelsblatt: Automotive supplier: Continental lowers its sales forecasts007451

German Handelsblatt: Auto industry: Li Auto attacks BMW, Audi and Mercedes in China007450

Electric SUV L7 by Li Auto The company plans to launch four new models next year, including three electric cars. (Photo: Reuters) The Chinese carmaker Li Auto is declaring war on the German brands BMW, Audi and Mercedes on the home market. “We want to become the number one premium car brand in China by… Continue reading German Handelsblatt: Auto industry: Li Auto attacks BMW, Audi and Mercedes in China007450

Author says the Apple TV+ ‘Tetris’ movie ripped off his book

He’s now suing Apple and the Tetris Company. The Apple TV+ film Tetris was copied from a book written years ago, according to a lawsuit filed against the tech giant and the Tetris Company. Dan Ackerman, the editor-in-chief of Gizmodo, has accused the plaintiffs of ripping off his book The Tetris Effect, which tells the… Continue reading Author says the Apple TV+ ‘Tetris’ movie ripped off his book

Amazon in talks to become anchor investor in SoftBank’s Arm ahead of IPOArm plans to list on the Nasdaq in early September.

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday. Amazon’s potential involvement in the IPO, which has not previously been reported, underscores Arm’s significance in cloud computing. Amazon Web Services,… Continue reading Amazon in talks to become anchor investor in SoftBank’s Arm ahead of IPOArm plans to list on the Nasdaq in early September.

Chinese commercial NEV maker Derry Auto closes nearly $100m Series B roundThe funding was led by domestic PE firm Anshu Capital and lithium battery de…

Henan Derry New Energy Automobile, a Chinese maker of commercial new energy vehicles (NEVs), has secured 700 million yuan ($97.7 million) in a Series B funding round to finance its product development and market promotion, it announced on Wednesday. The Series B round of the startup, also called Derry Auto, was led by domestic private… Continue reading Chinese commercial NEV maker Derry Auto closes nearly $100m Series B roundThe funding was led by domestic PE firm Anshu Capital and lithium battery de…

Adani Enterprises weighs exit from its Indian JV with Wilmar: Bloomberg

India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar for a few months, according to the report. The India-based fast-moving consumer goods… Continue reading Adani Enterprises weighs exit from its Indian JV with Wilmar: Bloomberg

SEA Digest: Apple Pay launches in Vietnam; Stockbit, Fullerton launch Grow Investments

Apple Pay officially launched its services in Vietnam on Tuesday, while Stockbit and Fullerton Fund Management have set up asset management firm Grow Investments. Vietnam becomes 3rd SE Asian country to get Apple Pay Apple Pay officially launched its services in Vietnam on Tuesday, allowing users to make payments on iPhone, Apple Watch, iPad, and… Continue reading SEA Digest: Apple Pay launches in Vietnam; Stockbit, Fullerton launch Grow Investments