Tag: Strategy

Spotawheel raises €10M debt and equity for its ‘end-to-end’ used car buying platform

Spotawheel, the “end-to-end” digital platform for buying a used car in Poland and Greece, has raised €10 million in debt and equity funding, as it sees a bounce-back from the slowdown witnessed as the coronavirus crisis took hold. Once again the new investment was led by VentureFriends, with participation from existing investor Velocity Partners, along… Continue reading Spotawheel raises €10M debt and equity for its ‘end-to-end’ used car buying platform

Europa Wire: E-mobility: Vattenfall partners with Aral and BP over fueling/charging solutions000015

E-mobility: Vattenfall partners with Aral and BP over fueling/charging solutions (PRESS RELEASE) STOCKHOLM, 15-Sep-2020 — /EuropaWire/ — Swedish government-owned multinational power company Vattenfall has announced it will partner with Aral in Germany and with BP in the Netherlands. The partnership will make it easier to get into e-mobility and mixed fleets. As part of the… Continue reading Europa Wire: E-mobility: Vattenfall partners with Aral and BP over fueling/charging solutions000015

McLaren thinks about the sale of the Woking office

Market and Industry September 15, 2020 1 ‘of reading The McLaren Group is considering the sale of its global headquarters in Woking, in the southwestern suburb of London, as part of the refinancing strategy announced by the company earlier this year. The sports car maker said it had instructed banks to study a debt restructuring… Continue reading McLaren thinks about the sale of the Woking office

@niche: Nikola Sets the Record Straight on False and Misleading Short Seller Report000086

PHOENIX, September 14, 2020 — Nikola Corporation (NASDAQ: NKLA) (“the Company”) today issued the following statement commenting on a false and defamatory report published September 10, 2020, by Hindenburg Research (“Hindenburg”): Nikola believes that the Hindenburg report, and the opportunistic timing of its publication shortly after announcement of Nikola’s partnership with General Motors Co. and… Continue reading @niche: Nikola Sets the Record Straight on False and Misleading Short Seller Report000086

Asbury Automotive Group Announces Pricing Of Its Private Offering Of Additional Senior Notes Due 2028 And Additional Senior Notes Due 2030

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

@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

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