Kuwait verkauft Mercedes-Anteile Mercedes-Zentrale in Stuttgart-Untertürkheim: Durch den Teilrückzug des kuwaitischen Staatsfonds verändert sich die Eigentümerstruktur etwas. (Foto: dpa) Der kuwaitische Staatsfonds bläst nach fast fünf Jahrzehnten zum Teilrückzug beim Stuttgarter Autobauer Mercedes-Benz. Die Kuwait Investment Authority warf über Nacht 20 Millionen Mercedes-Benz-Papiere auf den Markt und reduzierte ihren Anteil von bisher 6,8 auf knapp unter… Continue reading German Handelsblatt: Automaker: Kuwait sells Mercedes shares for almost 1.4 billion euros006639
Category: Automotive
Europa Wire: Michelin-backed joint venture to create large-scale tire recycling group in Europe000526
Michelin-backed joint venture to create large-scale tire recycling group in Europe (IN BRIEF) Scandinavian Enviro Systems and Antin Infrastructure Partners have formed a joint venture with Michelin to create the world’s first large-scale tire recycling group. The joint venture will use Enviro’s patented technology for extracting carbon black and pyrolysis oil from end-of-life tires, Michelin’s… Continue reading Europa Wire: Michelin-backed joint venture to create large-scale tire recycling group in Europe000526
Tesla poaches battery expert to fix its dry electrode issue
Tesla has poached a battery manufacturing expert to lead its dry electrode, which has been identified as one of the main bottlenecks for Tesla’s 4680 battery cell. When Tesla unveiled its 4680 battery cell at its Battery Day in 2020, the automaker highlighted several advancements that can significantly slash battery costs when bottled together. One… Continue reading Tesla poaches battery expert to fix its dry electrode issue
SoftBank to book $2.7b gain from Alibaba share transfer to wholly-owned arm
SoftBank Group said on Thursday it would recognise a 359.6 billion yen ($2.7 billion) gain from the transfer of a stake in Alibaba Group Holdings to a wholly-owned subsidiary called Shiodome Project 17 GK. The intra-group transaction has no impact on the Japanese technology investor’s group earnings, the company said. Chinese e-commerce giant Alibaba’s shares… Continue reading SoftBank to book $2.7b gain from Alibaba share transfer to wholly-owned arm
China Digest: Itbox, Naturobot raise funds; SoftBank-backed Keep re-files for IPO in HK
Chinese startups Itbox and Naturobot have raised funds from various private equity (PE) and venture capital (VC) investors. Separately, SoftBank-backed Chinese fitness app Keep has filed for an IPO in Hong Kong in its third attempt to list on the bourse. Haima Automobile joins Itbox’s equity financing round Electric taxi maker Itbox has notched 1… Continue reading China Digest: Itbox, Naturobot raise funds; SoftBank-backed Keep re-files for IPO in HK
Warburg-backed DNE sets up $871m RMB fund for new-economy assets in China
Warburg Pincus-backed DNE Group has launched an RMB-denominated fund to invest 6 billion yuan ($870.8 million) in new-economy infrastructure assets across key economic hubs in the country, the firm announced on Wednesday. Shanghai-based DNE, a merger between D&J China and New Ease China, set up the new RMB fund in partnership with several institutional investors… Continue reading Warburg-backed DNE sets up $871m RMB fund for new-economy assets in China
Alibaba considers yielding control of some businesses post IPO
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more… Continue reading Alibaba considers yielding control of some businesses post IPO
@Ford: PT Vale Indonesia and Huayou Sign Nickel Agreement with Ford Motor Co. Supporting Growth of the Global Sustainable EV Industry
JAKARTA, Indonesia–(BUSINESS WIRE)–PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. today announced an agreement with global automaker Ford Motor Co., creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three companies are making equity investments in the Pomalaa Block High-Pressure Acid… Continue reading @Ford: PT Vale Indonesia and Huayou Sign Nickel Agreement with Ford Motor Co. Supporting Growth of the Global Sustainable EV Industry
German Manager Magazin: Rivian: Manufacturer of Amazon vans and electric pickups uses Mercedes-Benz002398
Restore iTunes subscription manager+ is processed via your iTunes account and paid for with confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazin: Rivian: Manufacturer of Amazon vans and electric pickups uses Mercedes-Benz002398
German Manager Magazin: Volkswagen rejects agreement on possible slave labor on Amazon farm in Brazil002399
Volkswagen do Brasil walked away from the negotiating table in a hearing over possible slave labor at a subsidiary’s Amazon farm in the 1970s and 1980s, according to Brazilian prosecutors. The company said it was not interested in signing an agreement with the prosecuting authority responsible for labor law, the authority said in a statement.… Continue reading German Manager Magazin: Volkswagen rejects agreement on possible slave labor on Amazon farm in Brazil002399