Watch Hennessey reveal its 1,817-hp Venom F5 Roadster at Pebble Beach! August 24, 2022 This is the Hennessey Venom F5, the world’s most powerful production car. The Venom F5 produces over 1800 horsepower and Hennessey say that it can reach speeds of over 480km/h. This makes the Hennessey Venom F5 faster than the Bugatti Chiron… Continue reading @niche: World’s Most Powerful Car | Venom F5002159
Category: Automotive
KT SAT to unveil the Multi-Orbit Satellite Business Strategy at WSBW 2022 in Paris
Maximize customer satisfaction with multi-orbit service, a combination of diverse satellite systems’ strength Actively deal with growing demand of data by acquiring new satellite systems like HTS Take a step forward to mobility business, a future growth market of KT Group based on incomparable satellite business capabilities SEOUL, South Korea, Sept. 14, 2022 /PRNewswire/ — KT… Continue reading KT SAT to unveil the Multi-Orbit Satellite Business Strategy at WSBW 2022 in Paris
GM’s Cruise is making its own chips for self-driving vehicles to save on costs
GM’s Cruise division doesn’t want to rely on third-party manufacturers for the chips powering its autonomous vehicles — so, it’s making its own. Based on what Carl Jenkins, the company’s VP for Hardware Engineering, told Reuters, the main motivator for the switch is the lofty costs associated with paying for other companies’ chips. “Two years… Continue reading GM’s Cruise is making its own chips for self-driving vehicles to save on costs
Carvana Founder and CEO Shares Business Approach, ADESA Details
Carvana founder and CEO Ernie Garcia discusses the Carvana acquisition of ADESA during an interview Aug. 17 at the International Automotive Remarketers Alliance’s Summer Roundtable conference in Nashville, Tennessee. Photo: IARA To bolster its growing e-commerce used vehicle business, Carvana just took on a more brick-and-mortar approach for a motoring clientele. “You need to warehouse… Continue reading Carvana Founder and CEO Shares Business Approach, ADESA Details
Getaround Partners with GO to Offer Rebate Incentives
By signing up for GO’s vehicle subscription, Getaround members now have rebate incentives from GO worth up to $1,200 per vehicle. Photo: Getaround Peer-to-peer carsharer Getaround has announced a new partnership with GO, a vehicle subscription provider. Through this agreement, hosts who list their vehicle on the Getaround platform now have rebate incentives from GO worth up to $1,200… Continue reading Getaround Partners with GO to Offer Rebate Incentives
NAAA Event Serves Up Awards, Honors, and Elections
The National Auto Auction Association logo was front and center during the trade group’s annual conference at the Sheraton Dallas, Sept. 6-8. Photo: Martin Romjue / Bobit After the disappointment of a canceled event in Chicago last September due to COVID, the National Auto Auction Association made good with an active and engaged confernece Sept.… Continue reading NAAA Event Serves Up Awards, Honors, and Elections
India Digest: Affirma leads $40m funding in EPACK Durable; Procol raises $6.4m from GMO, othersEPACK had raised $24m from ICICI Ventures in Sept 2021
EPACK Durable is raising a $40-million round led by private equity fund Affirma Capital while procurement management software company Procol has raised $6.4 million in funding. Affirma leads $40m funding in EPACK Durable EPACK Durable, India’s second-largest contract manufacturer of room air-conditioners (RACs), is raising a $40-million round led by private equity fund Affirma Capital,… Continue reading India Digest: Affirma leads $40m funding in EPACK Durable; Procol raises $6.4m from GMO, othersEPACK had raised $24m from ICICI Ventures in Sept 2021
Fifteen Indonesian P2P lenders do not meet OJK’s minimum equity requirements
As many as 15 Indonesian peer-to-peer (P2P) lenders have yet to meet the minimum equity requirements mandated by the country’s Financial Services Authority (OJK) in July this year. “Fifteen of the 102 registered [P2P lending] firms do not meet the norms,” Mohammad Ichsanuddin, deputy commissioner of non-bank supervisory at OJK, said at a press conference… Continue reading Fifteen Indonesian P2P lenders do not meet OJK’s minimum equity requirements
Ascendas REIT to acquire Singapore cold storage property for $137m
CapitaLand’s Ascendas Real Estate Investment Trust (Ascendas REIT) will acquire a cold storage logistics facility in Singapore from A3 Lux Alpha S.a.r.l for S$191.9 million ($136.6 million), according to an announcement. Located at 1 Buroh Lane, Singapore, the facility features a combination of chiller, freezer and ambient storage spaces to serve food and beverage storage… Continue reading Ascendas REIT to acquire Singapore cold storage property for $137m
Rio Tinto, China Baowu to develop iron ore project in Australia for $2b
Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region. The deal comes amid fraught ties between Australia and China – the world’s top exporter and buyer of iron ore, respectively – with a recent push by Beijing to centralise… Continue reading Rio Tinto, China Baowu to develop iron ore project in Australia for $2b