Agricultural Solutions and Automotive Sectors Contribute to BASF’s Q1 2023 Sales (IN BRIEF) Chemical company BASF reported a decline in sales for Q1 2023 of €20bn, down €3.1bn compared to the prior year quarter, due to lower demand in almost all segments. However, the Agricultural Solutions segment recorded a significant increase in earnings, achieving EBIT… Continue reading Europa Wire: Agricultural Solutions and Automotive Sectors Contribute to BASF’s Q1 2023 Sales000597
Category: Automotive
Europa Wire: Leadec Strengthens Core Business with New Services Related to Electric Mobility and Sustainability 000596
Leadec Strengthens Core Business with New Services Related to Electric Mobility and Sustainability (IN BRIEF) Leadec achieved record sales of €1.129 billion in fiscal year 2022, with 90% of orders from existing customers extended and core business strengthened with new services related to electric mobility, sustainability, and smart factory. Leadec’s total output increased by 20%… Continue reading Europa Wire: Leadec Strengthens Core Business with New Services Related to Electric Mobility and Sustainability 000596
Europa Wire: Škoda Auto Commits to E-Mobility Transformation with Battery System Production Milestone000595
Škoda Auto Commits to E-Mobility Transformation with Battery System Production Milestone (IN BRIEF) Škoda Auto has announced the production of 500,000 battery systems at its plant in Mladá Boleslav, which are mounted in MEB vehicles and plug-in hybrid models by Volkswagen Group brands, including Škoda, Volkswagen, Audi and SEAT. The milestone proves Škoda’s commitment to… Continue reading Europa Wire: Škoda Auto Commits to E-Mobility Transformation with Battery System Production Milestone000595
China’s DCL closes $578.5m fund to invest in distressed assetsDCL specialises in NPLs, distressed real assets, and distressed corporate restructuring.
Chinese asset management firm DCL Investments on Friday announced the completion of a new distressed asset investment fund at nearly 4 billion yuan ($578.5 million). Limited partners (LPs) of the fund include insurance companies, China’s state-owned investment platforms, brokerage firms, trust funds, and university endowments, DCL said in a statement. The firm said that the… Continue reading China’s DCL closes $578.5m fund to invest in distressed assetsDCL specialises in NPLs, distressed real assets, and distressed corporate restructuring.
Southeast Asia’s strong IPO markets an outlier as global deals fizzle
Southeast Asia is emerging as a global initial public offering (IPO) hotspot, with the region’s elevated economic growth and stable interest rate outlook making it a standout as bigger financial centres struggle to attract major new share sales. With Indonesia, Thailand and Malaysia leading the way, Southeast Asia accounted for nearly 7% of global IPO… Continue reading Southeast Asia’s strong IPO markets an outlier as global deals fizzle
German Manager Magazine: Game Changer Award 2023 for Enpal, Siemens Healthineers, Porsche: Oliver Blume promises an electric Porsche 911002464
The titleThe Game Changer Award is an award for German companies that have disruptively changed the rules of the game in their industry. manager magazin and Bain & Company award the prize in three categories: Customer Experience, Product & Service Innovation and Operations of the Future. The test companies cannot apply for this award, they… Continue reading German Manager Magazine: Game Changer Award 2023 for Enpal, Siemens Healthineers, Porsche: Oliver Blume promises an electric Porsche 911002464
German Manager Magazine: Hope made in Germany002463
The visitor from the future rushes up and introduces himself: “Hi, I’m Navel. What’s your name?” The kid measures 72 centimeters, wears a blue knitted hat and looks at the person opposite with big eyes. He can play guessing games, read the news and tell jokes, but above all he can perceive and react to… Continue reading German Manager Magazine: Hope made in Germany002463
German Manager Magazin: Mercedes-Benz: After a strong start to the year, Ola Källenius expects more profit002463
Automaker Mercedes-Benz boosted first-quarter profits thanks to higher prices and the sale of many highly profitable models. The consolidated result grew by 12 percent to four billion euros – even more than the already announced operating result. Higher material costs were offset thanks to better prices that Mercedes was able to enforce, the company said… Continue reading German Manager Magazin: Mercedes-Benz: After a strong start to the year, Ola Källenius expects more profit002463
J&T Express Vietnam helps local craft villages expand their reach
HUE CITY, Vietnam, April 28, 2023 /PRNewswire/ — Global logistics service provider J&T Express today announced the signing of a Memorandum of Understanding (MOU) with Hue City, Thua Thien Hue province, to collaborate on developing the local logistics industry and accelerating its digital transformation. As part of the company’s strategy to enhance its global ESG… Continue reading J&T Express Vietnam helps local craft villages expand their reach
Hyundai Mobis CEO Sung-hwan Cho introduced mobility platform provider strategy at the 44th Vienna International Motor Symposium
Dr. Cho elaborated on the “mobility platform provider” strategy at the 44th Vienna International Motor Symposium. He presented the business expansion strategy being applied on new growth areas, such as UAM, robotics, and PBVs. Dr. Cho said, “Advancement of the mobility technology will improve the quality of life and values of people.” VIENNA and SEOUL,… Continue reading Hyundai Mobis CEO Sung-hwan Cho introduced mobility platform provider strategy at the 44th Vienna International Motor Symposium