Australian digital payment and lending firm Latitude Group Holdings on Friday terminated its A$335 million ($235.97 million) offer to buy Humm Group Ltd’s consumer unit that includes its buy now, pay later (BNPL) business. Shares of Humm Group fell as much as 11.3% to A$0.510, hitting their lowest since March 2020 and extending losses to… Continue reading Australia’s Latitude Group terminates buyout offer for Humm’s BNPL business
Tag: M and A
German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845
Meager three months after taking office As Volvo boss, Jim Rowan sets a scent mark for the first time. As of June 20, the CEO will slim down the car manufacturer’s board of directors by four posts. Instead of the previous eleven, there will only be seven people on the board in future. Henrik Green… Continue reading German Manager Magazin: Volvo: New boss Jim Rowan restructures the carmaker’s board of directors001845
German Manager Magazin: Twitter: Elon Musk is aiming for a billion users for news service after a takeover001846
Elon Musk (50) lowers the bar for Twitter high. At the first question and answer session with employees of the US short message service, the Tesla boss announced the goal of increasing the number of users to at least one billion. That would more than quadruple the number of users: Twitter currently has 229 million… Continue reading German Manager Magazin: Twitter: Elon Musk is aiming for a billion users for news service after a takeover001846
Focus on localisation in EV development says former SIAM President, Wadhera
India’s fast developing electric vehicle (EV) industry should focus on becoming a global EV technology hub vis-a-vis global EV manufacturing hub or else the situation may turn out akin to BS VI emission transition which though may have helped in reducing the pollution levels but not necessarily decreased the import bills. Contrarily, the auto industry’s expenses went up by several $100 millions… Continue reading Focus on localisation in EV development says former SIAM President, Wadhera
@niche: Michelin, Navya and beti enter into a technological partnership and launch their first autonomous mobility experimentation within the framework of the Movin’On Think & Do Tank001948
Villeurbanne, France, June 17th 2022 – 07:30 CEST – NAVYA (FR0013018041- Navya), an autonomous mobility systems leader, has announced the […] Villeurbanne, France, June 17th 2022 – 07:30 CEST – NAVYA (FR0013018041- Navya), an autonomous mobility systems leader, has announced the signing of a three-party cooperation agreement with Michelin, a global tire industry and sustainable… Continue reading @niche: Michelin, Navya and beti enter into a technological partnership and launch their first autonomous mobility experimentation within the framework of the Movin’On Think & Do Tank001948
German Handelsblatt: Human rights violations: IG Metall questions VW plant in Xinjiang004492
VW factory in Xinjiang The group has long been criticized for its presence in the Uyghur region. (Photo: dpa) IG Metall is demanding that Volkswagen withdraw from the Uyghur region in China, where the carmaker has a car factory. “Meanwhile there is hardly any doubt that human rights violations are taking place in Xinjiang,” said… Continue reading German Handelsblatt: Human rights violations: IG Metall questions VW plant in Xinjiang004492
India Digest: FanClash snags funds; Innoviti raises more capital for Series D
India’s esports startup FanClash and payments player Innoviti have announced new fundraising. FanClash raises $40m from Sequoia, others India’s esports startup FanClash has raised $40 million in its Series B round from Sequoia Capital India, Alpha Wave Ventures (formerly known as Falcon Edge), Info Edge India and Matic Networks. The firm raised $10 million in… Continue reading India Digest: FanClash snags funds; Innoviti raises more capital for Series D
@Nissan: Nissan responds to judgement from Dubai Court of Appeal 000775
2022/06/17 Al Dahana FZCO, a former distribution partner, had brought various claims against Nissan following the end of their joint venture business in the Middle East (Nissan Gulf FZCO) in 2019. On June 8th, the Dubai Court of Appeal issued a comprehensive judgement in favor of Nissan. This Dubai Court of Appeal judgement overturns an… Continue reading @Nissan: Nissan responds to judgement from Dubai Court of Appeal 000775
OTSL Announces State-of-Art Millimeter-Wave Radar Simulator Product for Autonomous Driving
– Super Parallel Optimization Improves Simulation Performance over 10 Times – NAGOYA, Japan, June 17, 2022 /PRNewswire/ — OTSL Inc., a short-distance wireless system and embedded system developer and distributor, has announced a new 3D real-time millimeter-wave radar simulator for autonomous driving (*1), AMMWR2 (Advanced Millimeter Wave Radar Simulator 2). Since introducing AMMWR to market… Continue reading OTSL Announces State-of-Art Millimeter-Wave Radar Simulator Product for Autonomous Driving
Cruise’s San Francisco robotaxis seize initiative in race for autonomy
Since Google launched its self-driving car project in 2009, it has been leading the way towards a new age of autonomous transport that could reshape cities and, one day, deal a death blow to car ownership. But, in San Francisco, close to its headquarters, the tech giant has found itself overtaken by Cruise — a… Continue reading Cruise’s San Francisco robotaxis seize initiative in race for autonomy