Logistics real estate investor GLP has announced the establishment of a new China income fund, GLP China Income Partners V (GLP CIP V), through a $5-billion recapitalisation of its 2013 fund portfolio. The recapitalisation marks the full exit of GLP in the 2013 GLP China Logistics Fund I (GLP CLF I), its flagship USD-denominated, develop-to-core… Continue reading GLP launches new China income fund via $5b portfolio recap
Category: Automotive
Ferrari’s 2023 Le Mans contender tests on track
Ferrari will return to Le Mans for the first time in 50 years next year, with a prototype hypercar currently testing on its track in Italy. Spotted in a camouflaged livery, the Le Mans challenger has been lapping the Ferrari-owned Fiorano Circuit, with Antonella Coletta, head of Competizioni GT, exclaiming: “We are proud of what we have achieved”. His comments come as the… Continue reading Ferrari’s 2023 Le Mans contender tests on track
Renault Austral: Kadjar successor confirmed for UK in 2023
The all-new Austral SUV, the replacement for the Renault Kadjar, will be sold in the UK in 2023, Autocar has learned. The model, which was previously confirmed for a launch in Europe, will bring bold new styling, a drastically enhanced kit list and all-electrified powertrains in a bid to “win back” buyers in the crucial crossover segment. Prices… Continue reading Renault Austral: Kadjar successor confirmed for UK in 2023
Alfa Romeo Tonale and Cupra Born shine in Euro NCAP safety tests
The Alfa Romeo Tonale and Cupra Born were among five new cars to achieve top safety ratings after rigorous testing by Euro NCAP. The Italian car maker’s compact SUV met “all requirements for a five-star rating”, the European New Car Assessment Programme’s report read, achieving an 83% score for adult occupant protection, as well as… Continue reading Alfa Romeo Tonale and Cupra Born shine in Euro NCAP safety tests
Is BorgWarner (BWA) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.… Continue reading Is BorgWarner (BWA) a Great Value Stock Right Now?
UPDATE 1-European shares climb on easing energy worries as Norway strike ends
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Just Eat Takeaway tops STOXX 600 on Grubhub-Amazon partnership * Faurecia falls after Barclays downgrade (Adds comment, details; updates prices) By Devik Jain July 6 (Reuters) – European shares rose on Wednesday as… Continue reading UPDATE 1-European shares climb on easing energy worries as Norway strike ends
Toyota will be the third automaker to lose the EV tax credit in the US
Toyota sold its 200,000th plug-in electric vehicle in the US, triggering a slow phaseout of the federal EV tax credit over the next 15 months, according to Bloomberg. The automaker is the third manufacturer to pass this mark, following Tesla and General Motors. The phaseout for Toyota is poorly timed, coming just weeks after the… Continue reading Toyota will be the third automaker to lose the EV tax credit in the US
Can Polestar succeed where other EV maker SPACs have failed?
The market has cooled on SPACs, but Polestar has the network and know-how Jaclyn Trop 9 hours Polestar, the EV subbrand from Volvo and Geely that launched last week on the Nasdaq at a $20 billion valuation, didn’t earn its $PSNY ticker by taking the traditional route toward an IPO. With the ringing of the… Continue reading Can Polestar succeed where other EV maker SPACs have failed?
Rivian says it’s on track to deliver 25,000 vehicles this year
Rivian said Wednesday the company produced 4,401 vehicles at its manufacturing facility in Normal, Illinois, and delivered 4,467 vehicles for the quarter ended June 30. “These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided,” Rivian said in a… Continue reading Rivian says it’s on track to deliver 25,000 vehicles this year
How to Raise First Dollars in a Difficult Market: The Venture Perspective
Raising venture capital is rarely an easy lift for startups, but 2022 is turning out to be a more challenging year than we’ve seen for some time. As venture capital continues its slowdown after an aggressive 2020 and record-breaking 2021, it’s clear that early-stage founders looking for their first dollars will require a new approach.… Continue reading How to Raise First Dollars in a Difficult Market: The Venture Perspective