DULUTH, Ga., Sept. 14, 2020 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury”) announced today that it has priced its previously announced private placement of senior notes, consisting of $125.0 million aggregate principal amount of additional 4.50% Senior Notes due 2028 (the “Additional 2028 Notes”) at 101.00% plus accrued interest from and including September 1,… Continue reading Asbury Automotive Group Announces Pricing Of Its Private Offering Of Additional Senior Notes Due 2028 And Additional Senior Notes Due 2030
Tag: Strategy
@VW Group: Volkswagen AG successfully completes Independent Compliance Monitorship under Agreements with U.S. Authorities
Volkswagen AG today announced that the Independent Compliance Monitor, Larry D. Thompson, certified that Volkswagen has met its commitment under its Plea Agreement with the U.S. Department of Justice (DOJ) to design and implement a compliance program that will prevent and detect violations of anti-fraud and environmental laws. Certification covers Volkswagen AG and its subsidiaries… Continue reading @VW Group: Volkswagen AG successfully completes Independent Compliance Monitorship under Agreements with U.S. Authorities
@Geely: Kandi Announces Establishment of China Battery Exchange Technology Co., Ltd.
JINHUA, CHINA, Sept. 14, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced the establishment of a wholly-owned subsidiary for its battery swapping services: China Battery Exchange Technology Co., Ltd.By establishing the China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in… Continue reading @Geely: Kandi Announces Establishment of China Battery Exchange Technology Co., Ltd.
Tata Motors looks to sell stakes in two units as part of plan to turn debt-free
The divestment plans are critical for the parent of Jaguar Land Rover (JLR) Automotive Plc, which saw its net consolidated debt soar to ₹68,000 crore as of 31 July from ₹48,000 crore as of 31 March following extensive cash burn due to disruptions from the coronavirus outbreak. “Tata Motors has resumed talks with multiple stakeholders for potential equity stake… Continue reading Tata Motors looks to sell stakes in two units as part of plan to turn debt-free
@VW Group: Night Shift on Track
The sun has gone down. A shutter gate rises and the signal switches to green. A white high-speed Intercity Express train glides at a walking pace onto one of the four tracks in the 410-meter hall. It comes to a stop at precisely the place marked for it—in Deutsche Bahn’s most modern maintenance depot. This… Continue reading @VW Group: Night Shift on Track
Nissan to issue $8bn in US-dollar corporate bonds
TOKYO — Nissan Motor will issue $8 billion in U.S. dollar-denominated corporate bonds to offset expected sluggish sales due to the pandemic, hoping to shore up cash reserves to help weather the crisis. Nissan issued domestic corporate bonds in July for the first time in four years. Due to the company’s low rating, the amount… Continue reading Nissan to issue $8bn in US-dollar corporate bonds
@Ford: How To Keep Cities Moving and People Happy with Gabe Klein
By: Alex Roy via the No Parking Podcast Gabe Klein talks about how he likes to reference old photos of street design to demonstrate how far we’ve advanced on some issues, and how far we still have to go to achieve true shared, safe streets. This early 20th century street in Miami, FL demonstrates the chaotic… Continue reading @Ford: How To Keep Cities Moving and People Happy with Gabe Klein
Andreessen Horowitz’s a16z podcast: Here’s what execs who led growth at Uber and HubSpot say tech entrepreneurs should focus on over the next two years to be successful
The following is a transcript from the a16z podcast, created by Silicon Valley venture capital firm Andreessen Horowitz, which explores tech, innovation, culture trends, news, and the future. In this episode, host Lauren Murrow speaks with Andrew Chen, general partner at a16z who previously led the growth team at Uber, and Brian Balfour, the former VP… Continue reading Andreessen Horowitz’s a16z podcast: Here’s what execs who led growth at Uber and HubSpot say tech entrepreneurs should focus on over the next two years to be successful
ALYI Introduces MODUS – The Engineering And Design Team Driving ALYI Electric Mobility Innovation
After initially building a pilot electric motorcycle on a classic BMW R71 clone, ALYI engaged MODUS to bring the pilot into production and begin the design of future electric vehicle platforms. Below is an overview from MODUS co-founder Maro Radenovic on their work with ALYI: MODUS Applied Innovations MODUS is a multi-disciplinary product development firm… Continue reading ALYI Introduces MODUS – The Engineering And Design Team Driving ALYI Electric Mobility Innovation
World NM: McLaren considers sale of global headquarters to raise cash000120
Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. McLaren sought emergency funds over the summer offering its headquarters and historic car collection as collateral. Existing creditors opposed the plan in court, eventually forcing McLaren to raise 150 million… Continue reading World NM: McLaren considers sale of global headquarters to raise cash000120