The new Performance variant of the Audi RS6 Avant will become the sole version sold in the UK when it arrives in December, triggering a significant price increase. Fitted with a larger turbocharger, its 4.0-litre twin-turbocharged petrol V8 has been uprated by 30bhp and 37lb ft to deliver 621bhp and 627lb ft, reducing the 0-62mph sprint… Continue reading Audi RS6 and RS7 boosted to 621bhp for 2023
Category: Automotive
Hyundai Mobis develops logistics and collaborative robots with its core mobility technologies
Development of mobile collaborative robots and self-driving logistics robots … an integrated system for controlling multiple robots. Implementation in general manufacturing sites and smart factories … expected to expand human-friendly robotics services. Robo-wheel technology anticipated to widen the scope of robotics solutions for outdoor uses. SEOUL, South Korea, Nov. 29, 2022 /PRNewswire/ — Hyundai Mobis… Continue reading Hyundai Mobis develops logistics and collaborative robots with its core mobility technologies
US Companies Are Looking to Colombia for All Their Sourcing Needs
During the last International Business Matchmaking Forum, an event organized in Houston by the Ministry of Trade, Industry, and Tourism of Colombia and ProColombia —the country’s promotion agency— business appointments were made between 215 Colombian companies, of which 76% (164 companies) were MSMEs, and 118 international buyers from 15 countries, with the Americans being the… Continue reading US Companies Are Looking to Colombia for All Their Sourcing Needs
EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Electric-vehicle startup Faraday Future Intelligent Electric said on Monday it has appointed Xuefeng Chen as global chief executive officer, sending shares up 1.4% in extended trading. Chen, who was most recently the CEO of the company’s China division and has spent nearly two decades in the automotive industry, succeeds Carsten Breitfeld, who was removed from the… Continue reading EV startup Faraday Future appoints Xuefeng Chen as global CEOXuefeng Chen was most recently the CEO of the company’s China division.
Crypto lender BlockFi files for bankruptcy, cites FTX exposure
Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin, the most popular digital… Continue reading Crypto lender BlockFi files for bankruptcy, cites FTX exposure
China broadens equity financing channels for property developers to aid economy
China’s securities regulator said on Monday it would allow China- and Hong Kong-listed Chinese property developers to sell additional shares to acquire real estate assets, replenish working capital, or repay debts, lifting a ban on such refinancing to help stabilize the economy. The China Securities Regulatory Commission (CSRC) said it would also promote financing by… Continue reading China broadens equity financing channels for property developers to aid economy
SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
Temasek-backed Vertex Ventures is nearing the first close of its $450-million fifth fund for Southeast Asia and India, according to sources close to the development. DealStreetAsia understands that Vertex has secured around $380-400 million in capital commitments from major institutional investors. Singapore state investor Temasek Holdings is said to be contributing roughly $100 million to… Continue reading SG’s Vertex Ventures said to be nearing first close for SEA and India Fund 5
TA Associates prefers to invest in profitable Indian businesses, says top exec
American private equity (PE) giant TA Associates is betting big on sectors such as financial services, healthcare, technology, and consumer in India, as it carves out an investment strategy from its latest $12.5-billion fund. So far this year in India, TA Associates has invested in biopharma-focused tech services company Zifo RnD Solutions. The transaction, which… Continue reading TA Associates prefers to invest in profitable Indian businesses, says top exec
EV SPAC Faraday Future ousts its CEO
Faraday Future, the troubled EV startup-turned-publicly-traded company has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted Monday after the markets closed. Brietfeld, who was the former co-founder of failed EV startup Byton, took the leadership role at Faraday Future in September 2019. The board… Continue reading EV SPAC Faraday Future ousts its CEO
Nobu Hospitality y Aldar Properties planean construir el emblemático Hotel, Restaurante y Residencias Nobu en la isla Saadiyat en Abu Dabi
NUEVA YORK, 28 de noviembre de 2022 /PRNewswire/ — Nobu Hospitality, la marca de estilo de vida de lujo de más rápido crecimiento, y Aldar Properties (PJSC), uno de los principales desarrolladores y administradores inmobiliarios en los Emiratos Árabes Unidos, anuncian la construcción del Hotel, Restaurante y Residencias Nobu en Abu Dabi. Continue Reading Se anuncia Hotel,… Continue reading Nobu Hospitality y Aldar Properties planean construir el emblemático Hotel, Restaurante y Residencias Nobu en la isla Saadiyat en Abu Dabi