Construction is due to start on Vietnam‘s first green hydrogen plant next month, the government said on Wednesday, as the Southeast Asian country seeks to boost the use of cleaner energy while reducing dependence on coal in its power mix. TGS Green Hydrogen will build the plant in the southern province of Ben Tre, with trial operations due to start from the first quarter of next year, the… Continue reading Vietnam co lines up $840m for country’s first green hydrogen plant …
Category: Automotive
India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India’s under-penetrated general insurance market along with users’ need for a better customer… Continue reading India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
Didi Global faces rocky path to growth after getting US delisting nod
Didi Global may have ensured its survival after winning shareholders’ nod for a U.S. stock delisting but a quick return to growth won’t be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business. Didi‘s U.S. withdrawal less than a year after its debut there is seen as an attempt to appease regulators angered by its move to push ahead with a $4.4… Continue reading Didi Global faces rocky path to growth after getting US delisting nod
Two senior Grab execs quit as company rejigs unit to stem losses
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said. Chris Yeo, who heads Grab‘s payments and rewards business and has been with the company for nearly six years, is leaving along with Jeffrey Goh, who leads the payments gateway business, the sources familiar with the matter told… Continue reading Two senior Grab execs quit as company rejigs unit to stem losses
Apple’s secretive car project loses yet another top executive
Christopher “CJ” Moore, the former Tesla Autopilot software engineer who left to join Apple’s secretive car project last year, has left Apple to join Luminar, an Orlando, Florida-based lidar company, as its new head of software, the company announced. Moore only lasted seven months at Apple. Moore is among a group of top executives from… Continue reading Apple’s secretive car project loses yet another top executive
2022 Alpina B3 and D3 S saloons revealed with uprated power
The Alpina B3 and Alpina D3 S have been updated in line with the arrival of the facelifted BMW 3 Series, which was revealed by the German car maker last week. Both cars gain a boost in power, aerodynamic improvements, a revised exterior design and new technical software. The updated Alpina B3 is powered by a 3.0-litre in-line… Continue reading 2022 Alpina B3 and D3 S saloons revealed with uprated power
Prodrive P25 is uprated Subaru Impreza 22B with 400bhp
The Subaru Impreza 22B, one of the best-known and most celebrated homologation heroes of all time, will return in the form of a limited-run restomod engineered by Banbury-based Prodrive, the firm behind Subaru’s rallying success. Previewed in a sketch, the P25 looks to be nearly identical to the road-going, rally-derived Subaru Impreza 22B of 1997 but is… Continue reading Prodrive P25 is uprated Subaru Impreza 22B with 400bhp
Main Street’s Most Prolific Corporate Agitator Finds a New Battlefield In ESG
(Bloomberg) — From his rented one-bedroom apartment in Los Angeles’s Redondo Beach, a couple of blocks from a discount shop and a thrift store, John Chevedden is polishing a speech he’ll give to Alphabet Inc.’s executives and shareholders at its annual meeting next week. Most Read from Bloomberg The former aerospace employee is pressing the… Continue reading Main Street’s Most Prolific Corporate Agitator Finds a New Battlefield In ESG
Faurecia Exploring Asset Sales After Hella Deal Completion
(Bloomberg) — Faurecia SE is exploring the sale of some non-core assets after completing its purchase of German automotive supplier Hella GmbH, according to people familiar with the matter. Most Read from Bloomberg The French auto parts group is working with advisers as it weighs selling its emissions-control unit and Hella’s special applications division, the… Continue reading Faurecia Exploring Asset Sales After Hella Deal Completion
Lucid Motors issues recall for some Lucid Air EVs over faulty instrument display wiring
Lucid Motors issued a recall notice for some of its luxury electric sedans for a faulty wiring harness connected to the instrument panel. The recall covers 1,117 model year 2022 Lucid Air sedans of all trim levels. The recall was first reported by Lucid Insider, a blog that covers the EV company. The recall addresses… Continue reading Lucid Motors issues recall for some Lucid Air EVs over faulty instrument display wiring