Markus Duesman The Audi boss in the electric SUV Q8 E-Tron. (Photo: AUDI AG) Audi boss Markus Duesmann is not shaking things up with the combustion engine phase-out. “Our farewell to the combustion engine is certain,” said Duesmann in the Handelsblatt interview. The renewed discussions in Brussels, initiated by Federal Transport Minister Volker Wissing, to… Continue reading German Handelsblatt: Interview: Audi boss: “Whoever develops the last combustion engine has to spend a lot of money”006585
Category: Automotive
German Handelsblatt: Interview: Audi boss: “Whoever develops the last combustion engine has to spend a lot of money”006585
Markus Duesman The Audi boss in the electric SUV Q8 E-Tron. (Photo: AUDI AG) Audi boss Markus Duesmann is not shaking things up with the combustion engine phase-out. “Our farewell to the combustion engine is certain,” said Duesmann in the Handelsblatt interview. The renewed discussions in Brussels, initiated by Federal Transport Minister Volker Wissing, to… Continue reading German Handelsblatt: Interview: Audi boss: “Whoever develops the last combustion engine has to spend a lot of money”006585
Hong Kong’s PAG raises $2.2b so far for new Asia buyout fundThe PE firm is reportedly looking to raise $9b for the fund.
Hong Kong-based private equity firm PAG has so far raised $2.2 billion for its latest Asia-focused buyout fund, its filing with the US Securities and Exchange Commission (SEC) showed. The PE firm disclosed that PAG Asia IV LP has so far received commitments from 28 investors since its launch in March last year. SEC filings… Continue reading Hong Kong’s PAG raises $2.2b so far for new Asia buyout fundThe PE firm is reportedly looking to raise $9b for the fund.
JD.com’s industrial MRO unit raises $300m co-led by Abu Dhabi’s Mubadala
JD Industrials, a subsidiary of JD.com that delivers industrial maintenance, repair and operations (MRO) products and services, has bagged $300 million in a Series B funding round, per a company release on Tuesday. Abu Dhabi’s sovereign wealth fund Mubadala Investment Company and 42XFund, a $10 billion tech fund under Abu Dhabi-based artificial intelligence company G42,… Continue reading JD.com’s industrial MRO unit raises $300m co-led by Abu Dhabi’s Mubadala
Temasek, Aramco Ventures back US sustainable energy startup Amogy
Singapore state investor Temasek and Saudi Arabia’s Aramco Ventures have participated in the $139 million Series B-1 fundraising of Amogy, a New York-based sustainable energy startup. South Korean conglomerate SK Group’s energy and chemical unit SK Innovation led the funding round, which was also participated by Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar… Continue reading Temasek, Aramco Ventures back US sustainable energy startup Amogy
Here’s how Mercedes hopes its new OS will give it an advantage – Ars Technica
Here’s how Mercedes hopes its new OS will give it an advantage Ars Technica Go to Source
Mercedes enlists Google’s help in hunt for software billions – TimesLIVE
Mercedes enlists Google’s help in hunt for software billions TimesLIVE Go to Source
Mercedes plans own operating system for cars – Axios
Mercedes plans own operating system for cars Axios Go to Source
Amazon’s devices head ditched the Echo in his living room for a smart TV – CNBC
Amazon’s devices head ditched the Echo in his living room for a smart TV CNBC Go to Source
China Evergrande offers bond and equity swaps in debt restructuring
China Evergrande Group on Wednesday announced plans for the restructuring of its $22.7 billion in offshore debt, which could set a template for distressed rivals and shape investor sentiment on the country’s embattled property sector. The world’s most indebted property developer gave creditors a basket of options to swap their debt into new bonds and… Continue reading China Evergrande offers bond and equity swaps in debt restructuring