Category: Automotive

Vision Fund’s fourth straight quarterly loss pushes Softbank into the red in Q4

SoftBank Group Corp on Tuesday booked a net loss for October-December, with its giant Vision Fund investment unit staying in the red for the fourth straight quarter as tech portfolio valuations have yet to recover from a global sell-off. The Vision Fund’s investment loss came to 730.36 billion yen ($5.52 billion) in the latest quarter,… Continue reading Vision Fund’s fourth straight quarterly loss pushes Softbank into the red in Q4

DCG selling shares in several cryptocurrency funds at high discount: report

Digital Currency Group (DCG) is selling shares in several of its cryptocurrency funds at a high discount, and has started offloading its holdings in investment vehicles run by subsidiary Grayscale, the Financial Times reported on Tuesday. Woes have piled up for SoftBank-backed DCG with its lending unit Genesis filing for bankruptcy protection, owing creditors at… Continue reading DCG selling shares in several cryptocurrency funds at high discount: report

South Korea’s Kakao Corp to buy 9% stake in SM Entertainment

South Korea’s Kakao Corp said on Tuesday it will acquire a 9.05% stake in SM Entertainment, an entertainment agency behind K-pop acts including NCT and Aespa, in a deal worth 217.2 billion won ($172.8 million). The two will team up to pursue joint management projects together including global K-pop auditions, management and music distribution businesses, Kakao said in an… Continue reading South Korea’s Kakao Corp to buy 9% stake in SM Entertainment

@Groupe PSA: OP 100 Percent Electrified000488

Finally back: see models up close and experience premieres live! After a two-year break, the 100th Brussels Motor Show attracted more than a quarter of a million visitors to the Expo grounds of the Belgian capital in January. And Opel showed how car exhibitions can still unfold their charisma – with a range of products… Continue reading @Groupe PSA: OP 100 Percent Electrified000488

@Groupe PSA: OP “Erna66” pays attention – and wins000487

So Bayern can still win, and very impressively, as their 4-2 win in Wolfsburg shows. But the “Iron” from Berlin continue to win – 2:1 against Mainz. In Stuttgart, on the other hand, the so-called “coaching effect” doesn’t quite materialize: Bruno Labbadia’s team had to accept a 0-2 draw at home against newly promoted Bremen.… Continue reading @Groupe PSA: OP “Erna66” pays attention – and wins000487

@Groupe PSA: OP 100 percent electrified000486

Finally again: look at models up close and experience premieres live! After a two-year Corona break, the 100th Brussels Motor Show attracted over a quarter of a million visitors to the Expo site in the Belgian capital in January. And Opel has shown how motor shows can still unfold their appeal – with a range… Continue reading @Groupe PSA: OP 100 percent electrified000486

German Handelsblatt: Technology sector: Bosch and ZF works councils complain about relocation of production006172

Bosch Das Bosch-Management wurde vom Betriebsrat scharf kritisiert. Bei ZF fürchtet der Betriebsratchef die Schließung zweier Werke. (Foto: dpa) Im Standortwettbewerb um die Produktion von Elektroautoteilen fürchten die Betriebsräte der Zulieferer Bosch und ZF Friedrichshafen Ansiedlungen in Niedriglohnländern Osteuropas. „Wir haben eine zweite Front, die lautet, wir verlagern nach Osteuropa“, sagte Achim Dietrich, Betriebsratschef von ZF… Continue reading German Handelsblatt: Technology sector: Bosch and ZF works councils complain about relocation of production006172