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: Software strategy: stock market frustration at Mercedes – car manufacturer postpones important investor event005454
Category: Automotive
Tesla’s infrastructure is growing at record pace, just not as fast as deliveries
Tesla’s infrastructure is growing at a new record pace with more stores and service centers added in the last quarter than ever, but it’s still not growing as fast as its deliveries. The phrase “victim of its own success” is something that you can often apply to Tesla, especially when it comes to service. The… Continue reading Tesla’s infrastructure is growing at record pace, just not as fast as deliveries
Tesla adds Quicksilver and Midnight Cherry Red colors to Giga Berlin lineup
Tesla has added two new paint colors, Quicksilver and Midnight Cherry Red, to their Giga Berlin paint lines. The new colors are available now – but only for European and Middle Eastern customers. The colors are a slick-looking medium silver and a deep red metallic color. They replace the former Midnight Silver Metallic (which is… Continue reading Tesla adds Quicksilver and Midnight Cherry Red colors to Giga Berlin lineup
KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.
Global investment firm KKR on Friday announced that it has signed definitive agreements with UPL Limited to invest $300 million for a 13.33% stake in the latter’s subsidiary Advanta Enterprises Limited, which is engaged in the research and manufacturing of agricultural seeds. According to a report in Moneycontrol on Friday, UPL’s another arm, UPL sustainable… Continue reading KKR invests $300m in Indian seeds company AdvantaKKR will acquire a 13.33% stake in Advanta, a subsidiary of UPL Ltd.
Unilever invests in Indonesia’s gummy vitamin maker YOUVIT
Indonesia’s gummy vitamins brand YOUVIT has secured $6 million in Series B funding from a host of investors, including Unilever and British American Tobacco (BAT), according to regulatory filings. Unilever led the round with a $2 million investment, according to YOUVIT’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). The consumer goods giant routed… Continue reading Unilever invests in Indonesia’s gummy vitamin maker YOUVIT
People Digest: Funding Societies names Malaysia chief; Creadev has new Asia MD
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
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