Asia’s unicorns are feeling the pinch from the global pivot toward the tighter monetary policy as investors grow more risk-averse, with fewer and smaller unlisted companies reaching the $1 billion mark. The region had 321 unicorns as of late July, just under 30% of the global total of 1,178, according to CB Insights. That is… Continue reading Tighter monetary conditions rein in Asian unicorns
Category: Automotive
Alibaba, JinkoSolar hold onto investor favour after China stock selloff
Global institutional investors last quarter scaled down their holdings of some U.S.-listed Chinese stocks at risk of delisting from the U.S., but several companies such as e-commerce giant Alibaba Group Holding Ltd. and solar panel manufacturer JinkoSolar Holding Co. Ltd. remained in favor with some investors. Major investors including BlackRock Inc. and Morgan Stanley sold… Continue reading Alibaba, JinkoSolar hold onto investor favour after China stock selloff
Indonesia’s Sayurbox focuses on profitability amid challenging market conditions
Faced with challenging macroeconomic conditions, Indonesian agritech startup Sayurbox is currently focusing on growing sustainably. The company aims to clock positive ‘contribution margins’ this year as part of its path to profitability, a top executive of the firm told DealStreetAsia. “I think the days of aggressively growing your GMV [Gross merchandise value] at all costs… Continue reading Indonesia’s Sayurbox focuses on profitability amid challenging market conditions
Roland Bolduc Crowned Grand Champion at 85th National Truck Driving Championships
INDIANAPOLIS, Aug. 19, 2022 /PRNewswire/ — Roland Bolduc, a professional driver with FedEx Express, was named Bendix Grand Champion tonight at the conclusion of the 85th National Truck Driving and Step Van Driving Championships. Bolduc, competing in the sleeper berth, bested a field of 408 drivers with nearly 730 million combined accident-free miles to claim… Continue reading Roland Bolduc Crowned Grand Champion at 85th National Truck Driving Championships
Ford calls on Mustang owners to welcome the next version of the Pony Car. What you can do
A few lucky Ford Mustang owners — and their beloved cars — will get to participate in the unveiling of the seventh generation of the original Pony Car as part of the Detroit Auto Show on Sept. 14, the automaker announced Friday. Mustang owners can register now for the Mustang Stampede, a parade from Ford World… Continue reading Ford calls on Mustang owners to welcome the next version of the Pony Car. What you can do
GM’s joint venture considers location near Michigan border for 4th battery plant
Ultium Cells LLC, the joint venture between General Motors and LG Energy Solution, is eyeing northern Indiana for its next — and fourth — battery cell factory. Ultium spokewoman Brooke Waid told the Free Press on Friday that the company is developing a “competitive business case for a potential large investment” to potentially be in New Carlisle, Indiana. New Carlisle is a few… Continue reading GM’s joint venture considers location near Michigan border for 4th battery plant
Kia theft bungled in Holland when witness catches suspects in the act
HOLLAND — Two suspects were caught in the process of stealing a vehicle at a Holland dealership Thursday, Aug. 18, reports WZZM. The incident happened shortly after 6:30 a.m. at Elhart Hyundai on Chicago Drive, where the suspects attempted to steal a Kia Sportage. Officers with the Holland Department of Public Safety said the witness… Continue reading Kia theft bungled in Holland when witness catches suspects in the act
They’re burning up tire treads — and feel like rock stars at unique competition in Pontiac
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Access to exclusive sports reporting on your local teams from USA TODAY… Continue reading They’re burning up tire treads — and feel like rock stars at unique competition in Pontiac
GM to reinstate a dividend and start stock buybacks, signaling confidence
In what is often seen as a sign of confidence and a way to entice investor loyalty, General Motors is reinstating its dividend. It is also going to restart stock buybacks as GM continues its major investment in its transition to electric vehicles and self-driving technology. The automaker said Friday its Board of Directors has authorized the reinstatement of a… Continue reading GM to reinstate a dividend and start stock buybacks, signaling confidence
@GM: Buick Upgrades GL8 with New Design and Comfort Features
Buick Upgrades GL8 with New Design and Comfort Features 2022-08-19 SHANGHAI – Buick today launched its refreshed GL8 MPV family, headlined by a larger and more expressive grille and additional variants with upgraded comfort features and premium amenities. The refreshed portfolio strengthens the GL8’s unmatched presence in China’s premium MPV segment. It elevates the driving and… Continue reading @GM: Buick Upgrades GL8 with New Design and Comfort Features