U.S. private equity firm Carlyle Group Inc aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry’s supply chain, its executives said. With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strategies that were traditionally tailored for combustion-engine cars, Reiji… Continue reading Carlyle bullish on Japanese auto industry as EV shift shakes supply chainsCarlyle aims to enlarge its footprint in the Japanese automotive sector.
Category: Automotive
People Digest: Everstone’s Atul Phull joins UBS; Vantage Capital Markets, AXA IM Alts announce key hires
Everstone Group’s managing director has joined UBS as an executive director. Separately, global brokerage and investment bank Vantage Capital Markets has appointed Federico Bazzoni as CEO of investment banking, while AXA IM Alts has appointed Lu Gao as head of Client Group Alts Asia. Phull to focus on SE Asia, Australia at UBS Atul Phull,… Continue reading People Digest: Everstone’s Atul Phull joins UBS; Vantage Capital Markets, AXA IM Alts announce key hires
China’s Letin raises $447m in Series A round to expand NEV sales
Letin, a Chinese new energy vehicle (NEV) manufacturer also known as “Levdeo,” announced on Monday that it has secured 3.2 billion yuan ($447.2 million) in a Series A round of financing to expand the business in China and worldwide. The lesser-known Chinese NEV company raised the Series A round from lead investor Weicheng West Investment… Continue reading China’s Letin raises $447m in Series A round to expand NEV sales
JD.com to cut salaries of senior executives by 10-20% next year
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Crypto exchange FTX’s total cash balance at $1.24b
Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, had a total cash balance of $1.24 billion as of Nov. 20, according to a court filing on Monday. FTX will see a drop in its cash flow by $20 million to $459 million by Dec. 23, from $479 million as of Nov. 25,… Continue reading Crypto exchange FTX’s total cash balance at $1.24b
New evidence twist in Carlos Ghosn’s curious case – Asia Times
Four years ago this past weekend Nissan assembled global news media representatives at its headquarters in Yokohama to announce the arrests of two of its top executives, Carlos Ghosn and Greg Kelly. An industry legend for his role in saving the Japanese automaker from bankruptcy 19 years earlier, then building what came to be known… Continue reading New evidence twist in Carlos Ghosn’s curious case – Asia Times
@Groupe PSA: OP Hart am Wind000462
Taken together, they have many decades of experience in the automotive industry, have a wealth of knowledge about vehicle technology and have already completed several projects together. And then the six colleagues from Rüsselsheim find themselves on a sailing boat in the Mediterranean and try to pull apart this large, bulbous headsail, the spinnaker, with… Continue reading @Groupe PSA: OP Hart am Wind000462
@Groupe PSA: OP “Disruption is in our DNA”000461
Mr Marx, you were a guest speaker at the VDE E-Mobility Conference in Frankfurt – what was your core message? I made our pioneering role clear: Opel is going electric – and more consistently than almost any other German car manufacturer. From 2028, we will no longer offer combustion engines in Europe. And we forging… Continue reading @Groupe PSA: OP “Disruption is in our DNA”000461
Raffles & Fairmont make debut in Qatar
RAFFLES AND FAIRMONT DOHA OPEN FOR FIFA GUESTS AND VIP DELEGATION RESTAURANTS OPEN TO PUBLIC BY RESERVATION ONLY DOHA, Qatar, Nov. 22, 2022 /PRNewswire/ – The ultra-luxury Raffles Doha and luxury Fairmont Doha – which herald the entry of the aspirational Raffles Hotels & Resorts and Fairmont Hotels & Resorts brands to Qatar – are… Continue reading Raffles & Fairmont make debut in Qatar
Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure
They also pitched for government support to the EV companies for reskilling the workforce. New Delhi: The infrastructure industry on Monday demanded rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure at the customary pre-budget meeting with Finance Minister Nirmala Sitharaman. Cellular Operators’ Association of India (COAI) in… Continue reading Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure