Automotive – Page 37369 – I wish I had more to offer

@Daimler: F1: Partner Announcement

Leading global payments services provider and Formula One team sign multi-year sponsorship deal Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, and the Mercedes-AMG PETRONAS Formula One Team today announce a multi-year sponsorship agreement that will commence ahead of the 2023 F1 season. Nuvei is a global payments technology… Continue reading @Daimler: F1: Partner Announcement

@Daimler: F1: Partner Announcement

Nissan, Renault line up $600m to make 6 new models in IndiaThe two companies together had around 3% of the Indian market in 2022.

Nissan Motor Co and Renault SA said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The move will help address falling market shares for the Japanese and French companies… Continue reading Nissan, Renault line up $600m to make 6 new models in IndiaThe two companies together had around 3% of the Indian market in 2022.

Warburg Pincus inches closer to buying a stake in Chinese fund Zhong Ou

Warburg Pincus is moving closer to buying a stake in Zhong Ou Asset Management Co from Intesa Sanpaolo, according to exchange filings and a source, underscoring the U.S. private equity giant’s unabated interest in China’s $3.8 trillion mutual fund industry. Italian banking group Intesa Sanpaolo disclosed in its 2021 annual report that its board had… Continue reading Warburg Pincus inches closer to buying a stake in Chinese fund Zhong Ou

Regulator watches as Kakao, HYBE battle for tie-up with SM Entertainment

K-pop agencies HYBE and Kakao, battling each other to tie up with rival SM Entertainment, are facing the new challenge of a possible review by the South Korean competition regulator should either succeed. Kakao’s agreement this month to acquire SM shares as a step towards forming a partnership with the target company is also being… Continue reading Regulator watches as Kakao, HYBE battle for tie-up with SM Entertainment

Automotive sunroof market size to grow by USD 9,143.38 million from 2022 to 2027: Driven by the growing popularity of SUVs- Technavio

NEW YORK, Feb. 13, 2023 /PRNewswire/ — The global automotive sunroof market size is estimated to increase by USD 9,143.38 million between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 10.15%. The report includes historic market data from 2017 to 2021. In 2017, the automotive sunroof market was valued at… Continue reading Automotive sunroof market size to grow by USD 9,143.38 million from 2022 to 2027: Driven by the growing popularity of SUVs- Technavio

VISTA X-62 Advancing Autonomy and Changing the Face of Air Power

EDWARDS AFB, Calif., Feb. 13, 2023 /PRNewswire/ — The Lockheed Martin (NYSE: LMT) VISTA X-62A, a one-of-a-kind training aircraft, was flown by an artificial intelligence agent for more than 17 hours recently, representing the first time AI engaged on a tactical aircraft. VISTA, short for Variable In-flight Simulation Test Aircraft, is changing the face of… Continue reading VISTA X-62 Advancing Autonomy and Changing the Face of Air Power

COMSovereign Announces an 80% Year-Over-Year Reduction of Outstanding Secured Debt

Debt Reduction is a Critical Element of the Business Transition Plan as the Company Continues to Streamline Operations, Reduce Costs, and Identify Additional Revenue-Generating Opportunities TUCSON, Ariz., Feb. 13, 2023 /PRNewswire/ — COMSovereign Holding Corp. (NASDAQ: COMS and COMSP) (“COMSovereign” or the “Company”), a U.S.-based developer of 4G LTE Advanced and 5G communication systems today… Continue reading COMSovereign Announces an 80% Year-Over-Year Reduction of Outstanding Secured Debt

Uber Selects Oracle Cloud Infrastructure

AUSTIN, Texas, Feb. 13, 2023 /PRNewswire/ — Oracle and Uber Technologies, Inc., today announced a seven-year strategic cloud partnership to accelerate Uber’s innovation, help deliver new products to market, and drive increased profitability. Continue Reading Uber Selects Oracle Cloud Infrastructure As Uber continues to grow and enter new markets, it is increasingly important for the… Continue reading Uber Selects Oracle Cloud Infrastructure