Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia country head. Meanwhile, Creadev, the investment arm of France’s Mulliez family, has appointed JY Chow as its Asia managing director. Funding Societies appoints Malaysia country head Southeast Asian online lending platform Funding Societies has appointed Chai Kien Poon as its Malaysia… Continue reading People Digest: Funding Societies names Malaysia chief; Creadev has new Asia MD
Category: Automotive
F&B management startup Runchise raises seed funding and other SE Asia deals
Runchise, a Jakarta-based restaurant management startup, has raised an undisclosed seed funding round anchored by the Indonesia-focused venture capital firm East Ventures. The funding round was also backed by Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors, according to a company announcement. Go to Source
German Manager Magazin: Twitter: Elon Musk apparently wants to massively cut jobs at the short message service after the takeover002092
The deal isn’t finalized yet, but planning is in progress Elon Musk after taking over Twitter apparently a massive job cut. He said to potential investors that he would reduce the number of employees from 7,500 to around 2,000, the company writes “Washington Post” . That would be about 75 percent of the employees of… Continue reading German Manager Magazin: Twitter: Elon Musk apparently wants to massively cut jobs at the short message service after the takeover002092
German Manager Magazin: Cupra: Seat boss Wayne Griffiths sees himself as a winner of the crisis002091
The boss was joking. “Our Cupra customers average around 40 years old,” said Wayne Griffiths. “I drive a Cupra Formentor myself. I’m not 40 anymore, but I try to at least look like it.” Bleached undercut, sporty jacket, tight jeans, sneakers – that’s how he covered his 56 years when he appeared in Nürtingen on… Continue reading German Manager Magazin: Cupra: Seat boss Wayne Griffiths sees himself as a winner of the crisis002091
German Manager Magazin: Car sales: Toyota and Volkswagen close race for the title of world’s largest car manufacturer002091
The world’s largest carmaker Toyota can no longer avoid cutting its production forecast for the year due to a lack of electronic chips. Because many semiconductors are still missing, production in November is likely to be just 800,000 vehicles – this means that production in the current fiscal year (end of March) will also fall… Continue reading German Manager Magazin: Car sales: Toyota and Volkswagen close race for the title of world’s largest car manufacturer002091
TuanChe and YangMing New Energy Technology Establish Strategic Cooperation to Develop Battery and Energy Storage Technologies
BEIJING, Oct. 21, 2022 /PRNewswire/ — TuanChe Limited (“TuanChe” or the “Company”) (NASDAQ: TC), a leading integrated automotive marketplace in China, has recently signed a strategic cooperation agreement with YangMing New Energy Technology (“YangMing”) to expand its research capabilities in the field of EV batteries as well as strengthen the Company’s supply chain capacity. YangMing is focused… Continue reading TuanChe and YangMing New Energy Technology Establish Strategic Cooperation to Develop Battery and Energy Storage Technologies
Greenbrier declares quarterly dividend of $0.27 per share
LAKE OSWEGO, Ore., Oct. 21, 2022 /PRNewswire/ — The Greenbrier Companies (NYSE: GBX) announced today a quarterly cash dividend of $0.27 per share, payable on November 29, 2022 to stockholders of record as of November 8, 2022. About Greenbrier Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to… Continue reading Greenbrier declares quarterly dividend of $0.27 per share
LG Energy Solution begins ‘Replacement of China’s’ natural graphite for batteries
LG Energy Solution has begun to replace natural graphite produced in China. LG Energy Solution will receive natural graphite produced in the US by an Australian company. This was a response to the newly enforced US Inflation Reduction Act (IRA), including the exclusion of key materials for secondary batteries in China, such as graphite. On… Continue reading LG Energy Solution begins ‘Replacement of China’s’ natural graphite for batteries
German Handelsblatt: Automaker: Stock market frustration at Mercedes – Group postpones investor event on software strategy005451
Ola Källenius The Mercedes boss is desperately trying to increase Mercedes’ stock market value. (Photo: IMAGO/Mike Schmidt) Mercedes boss Ola Källenius fulfills almost every wish of investors. He swears by luxury instead of sheer mass, goes all-in on electric cars, has spun off Daimler Truck on the stock exchange, pushed through one of the toughest… Continue reading German Handelsblatt: Automaker: Stock market frustration at Mercedes – Group postpones investor event on software strategy005451
Ashok Leyland rolls out 100,000th AVTR truck 29 months after launch
Ashok Leyland rolled out its 100,000th unit of the AVTR truck range from its Pantnagar plant in Uttarakhand yesterday. The production milestone comes within 30 months of its launch on June 4, 2020. The modular AVTR truck platform offers a comprehensive truck range from 19T to 55T GVW. AVTR, which is India’s first indigenously developed modular… Continue reading Ashok Leyland rolls out 100,000th AVTR truck 29 months after launch