Singapore state investor Temasek Holdings is writing down its entire investment in the embattled crypto bourse FTX, Bloomberg reported on Wednesday. The firm is understood to have invested between $200 million and $300 million in FTX, the report added. This follows a series of similar write-downs by FTX’s other investors including Sequoia Capital, SoftBank Group… Continue reading Singapore’s Temasek said to be writing down its FTX investment
Category: Automotive
Opinion: Bollore’s exit from JLR not a complete surprise
Earthquake events like a Jaguar Land Rover (JLR) chief quitting come as almost unbelievable shocks at the moment they’re announced, but the departure of CEO Thierry Bolloré “for personal reasons” has reportedly not been a complete surprise to some members of the inner circle. There have been rumours swirling about for several months that something… Continue reading Opinion: Bollore’s exit from JLR not a complete surprise
EV Maker VinFast Plans US IPO As Soon As January, Sources Say
(Bloomberg) — VinFast, an electric vehicle maker backed by Vietnam’s richest man, is weighing whether to hold its planned initial public offering in the US as soon as January 2023, according to people familiar with the matter. Most Read from Bloomberg The unit of conglomerate Vingroup JSC could raise at least $1 billion but it… Continue reading EV Maker VinFast Plans US IPO As Soon As January, Sources Say
Lear Declares Quarterly Cash Dividend
SOUTHFIELD, Mich., Nov. 15, 2022 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company’s common stock. The dividend is payable on December 27, 2022, to shareholders of record at… Continue reading Lear Declares Quarterly Cash Dividend
BorgWarner Invests $500M In Wolfspeed, Explores Deeper Collaboration
Motley Fool Berkshire Hathaway Just Cut Its Stake in This Longtime Holding by More Than Half In a filing last week, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the massive conglomerate run by legendary investor Warren Buffett, reported that it had significantly trimmed its position in large regional lender U.S. Bancorp (NYSE: USB). Berkshire and Buffett first… Continue reading BorgWarner Invests $500M In Wolfspeed, Explores Deeper Collaboration
BorgWarner to Invest $500 Million in Wolfspeed, Securing up to $650 Million in Annual Capacity for Silicon Carbide Devices
BorgWarner will participate in Wolfspeed’s financing transaction announced earlier today to support Wolfspeed’s multi-year capacity expansion plan Access to a dedicated supply of silicon carbide (SiC) devices is significant to BorgWarner’s inverter growth plan and Charging Forward objectives Wolfspeed and BorgWarner are also exploring a deeper collaboration for the purpose of accelerating technology development DURHAM,… Continue reading BorgWarner to Invest $500 Million in Wolfspeed, Securing up to $650 Million in Annual Capacity for Silicon Carbide Devices
Waabi unveils its first generation self-driving truck
Autonomous trucking startup Waabi has unveiled its first generation of trucks that are purpose-built for OEM integration. The trucks are powered by the Waabi Driver, a combination of Waabi’s software, sensors and compute. Their launch signals both that Waabi is ready to verify and validate its self-driving stack and that it’s open for business. Waabi… Continue reading Waabi unveils its first generation self-driving truck
Parallel Domain says autonomous driving won’t scale without synthetic data
Achieving autonomous driving safely requires near endless hours of training software on every situation that could possibly arise before putting a vehicle on the road. Historically, autonomy companies have collected hordes of real-world data with which to train their algorithms, but it’s impossible to train a system how to handle edge cases based on real-world… Continue reading Parallel Domain says autonomous driving won’t scale without synthetic data
Automotive Lighting Market To Reach USD 37130 Million by 2027 Growing At A CAGR of 4.8% | Valuates Reports
BANGALORE, India, Nov. 16, 2022 /PRNewswire/ — Automotive Lighting Market is Segmented By Type(Halogen Lighting, HID Lighting, LED Lighting), By Application (Passenger Vehicle, Commercial Vehicle) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Autos & Vehicles Category. Automotive Lighting Market was valued at USD 24160 million in 2020 and it… Continue reading Automotive Lighting Market To Reach USD 37130 Million by 2027 Growing At A CAGR of 4.8% | Valuates Reports
VUSE DRIVES FOR CHANGE WITH A 2022 CAR LIVERY BORN FROM THE LIBERATING POWER OF CREATIVITY
VUSE AND THE McLAREN F1 TEAM MARK SECOND YEAR OF CHAMPIONING EMERGING ARTISTS WITH A CAR LIVERY THAT GOES BEYOND SPEED ABU DHABI, United Arab Emirates , Nov. 16, 2022 /PRNewswire/ — Introducing Anna Maria Aoun aka Anna Tangles, the up-and-coming Lebanese artist behind the McLaren car livery at the FORMULA 1 ETIHAD AIRWAYS ABU DHABI… Continue reading VUSE DRIVES FOR CHANGE WITH A 2022 CAR LIVERY BORN FROM THE LIBERATING POWER OF CREATIVITY