Porsche Porsche is considered a sure-fire success among investment bankers – if only because of the brand. (Photo: AP) Demand for Porsche AG shares is already very high on the first day of the subscription period. “There’s a lot of interest, everyone doesn’t want to miss the train,” an investment banker said on Tuesday. The… Continue reading German Handelsblatt: IPO: Great demand for Porsche shares – issue also oversubscribed at the upper end005256
Category: Automotive
2023 Formula 1 calendar features record 24 races
The FIA has announced a record 24-race calendar for the 2023 Formula 1 season as it looks to captialise on the sport’s soaring global popularity. This follows record-breaking 21-race seasons in 2021 and 2022. The Qatar Grand Prix is reintroduced after one year away due to the nation holding football’s Fifa World Cup this winter. The… Continue reading 2023 Formula 1 calendar features record 24 races
Lamborghini reveals technical details for V8 hybrid LMDh entry
Lamborghini has revealed technical specifications for its hotly anticipated LMDh hypercar, which will debut in 2024 with a twin-turbocharged V8 hybrid powertrain. Set to appear in both the World Endurance Championship (WEC) and the US-based IMSA Sportscar Championship, the racer produces 681bhp and is capable of hitting a 211mph top speed. Total weight stands at… Continue reading Lamborghini reveals technical details for V8 hybrid LMDh entry
Auto Roundup: General Motors (GM) & Ford (F) Make a Splash With Key Updates
Last week, Detroit’s auto show was held after a 3-year hiatus due to the COVID-19 pandemic. However, this time it was a less glitzy affair with fewer model debuts and lower attendance. Among some of the key reveals were the 2023 Jeep Wrangler Willys 4xe, 2024 Chevy Blazer EV, 2023 Chrysler 300C, 2024 Chevy Equinox… Continue reading Auto Roundup: General Motors (GM) & Ford (F) Make a Splash With Key Updates
5 Low Price-to-Book Stocks Suitable for Value Investors
The price-to-book (P/B) ratio is widely favored by value investors for identifying low-priced stocks with exceptional returns. The ratio is used to compare a stock’s market value/price to its book value. The P/B ratio is calculated as below: P/B ratio = market price per share/book value of equity per share P/B ratio reflects how many… Continue reading 5 Low Price-to-Book Stocks Suitable for Value Investors
BorgWarner to buy EV charging business of China-based Hubei SSE
BorgWarner Inc. announced Tuesday and equity transfer agreement to buy the electric vehicle (EV) charging business of China-based Hubei Surpass Sun Electric (SSE) in a deal valued at up to RMB410 million ($58.5 million). The deal includes RMB267 million to be delivered around the closing, which is expected to occur in the first quarter of… Continue reading BorgWarner to buy EV charging business of China-based Hubei SSE
Tesla extends FSD access amid regulator scrutiny
Tesla is extending access to its advanced driver assistance system, Full Self-Driving (FSD) Beta version 10.69.2.2, to 160,000 owners in the U.S. and Canada, according to a tweet Monday from Tesla CEO Elon Musk. Around 100,000 Tesla owners currently have access to the controversial driver assist system, which, for a price tag of $15,000, promises… Continue reading Tesla extends FSD access amid regulator scrutiny
Mullen to bid for bankrupt Electric Last Mile Solutions
Mullen Automotive is the leading bidder on bankrupt commercial EV maker Electric Last Mile Solutions, its second major deal this month as it strives to deliver its own electric vehicle. The California-based automaker placed a stalking horse bid of nearly $92 million to buy ELMS, which had been developing a commercial EV called the Urban… Continue reading Mullen to bid for bankrupt Electric Last Mile Solutions
Amazon throws more weight behind e-fuels to see if they stick
Starting next year, Amazon plans to pump electrofuels into some of its diesel delivery vans in a deal with Infinium. Amazon didn’t say what it’s paying, nor for how much synthetic fuel, but the conglomerate intends to cover “approximately 5 million miles of travel per year” using e-fuels, it said in a statement. It’s not… Continue reading Amazon throws more weight behind e-fuels to see if they stick
4 employment law mistakes startups can stop making today
Kristen Corpion Contributor Kristen Corpion is the founder of CORPlaw, a Miami-based law firm serving fast-growing technology companies and entrepreneurs as fractional general counsel. More posts by this contributor All my apes gone: Legal disputes at the intersection of IP and NFTs When should an early-stage startup hire a full-time lawyer? As the old saying… Continue reading 4 employment law mistakes startups can stop making today