Ride-hailing giant Didi Chuxing’s planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half of the year, despite political sparring between the two countries. A total of 29 initial public offerings (IPOs) by Chinese companies in the United States in the first… Continue reading Didi Chuxing’s mega IPO to boost China listing frenzy in the US
Tag: M and A
Panasonic sells Tesla stake for $3.6 billion
A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Panasonic wants to reduce reliance on Tesla Panasonic seeks to raise cash for investing in growth Sale will not change relationship – Panasonic spokesperson TOKYO, June 25 (Reuters)… Continue reading Panasonic sells Tesla stake for $3.6 billion
Mullen Group Ltd. Announces the Closing of Two Acquisitions
OKOTOKS, AB, June 24, 2021 /PRNewswire/ – (TSX: MTL) Mullen Group Ltd. (“Mullen Group“, “We“, “Our” and/or the “Corporation“) is pleased to announce the closing of the previously announced acquisition of APPS Transport Group Inc. (“APPS“) and the businesses: APPS Cartage Inc. and APPS Cargo Terminals Inc. following the successful receipt of all regulatory approvals. Also in June,… Continue reading Mullen Group Ltd. Announces the Closing of Two Acquisitions
@VW Group: ŠKODA AUTO Citymove 2.0 app uses artificial intelligence to tailor customer offers and bring more benefits for users003350
Jarmila Plachá, Head of ŠKODA AUTO DigiLab, said: “Our Citymove app is part of the ŠKODA AUTO DigiLab Smart Mobility ecosystem and our main focus is on customers who enjoy the most efficient routes based on their individual preferences and can use additional benefits like parking payments or newly also relevant offers based on their current… Continue reading @VW Group: ŠKODA AUTO Citymove 2.0 app uses artificial intelligence to tailor customer offers and bring more benefits for users003350
@BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Mountain View, CA -June 24, 2021… BMW i Ventures announced today an investment in Kodiak Robotics, Inc., a leading developer of self-driving long-haul trucking technology. The funds from the BMW i Ventures investment help Kodiak expand its team and fleet, as well as continue to develop its industry-leading self-driving technology purpose-built for long-haul trucks. Kodiak is… Continue reading @BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Marelli and 1NCE to develop telemetry solutions for motorsport
Marelli Motorsport, the motorsport business unit of global automotive supplier Marelli, and 1NCE, the world’s first full-fledged operator of IoT network services, are joining forces to develop new real-time tracking solutions in the world of motorsport. Marelli Motorsport develops electronic and electro-mechanical systems for two- and four-wheel racing vehicles, supplying all the top teams in… Continue reading Marelli and 1NCE to develop telemetry solutions for motorsport
@FCA: Alfa Romeo Celebrates its 111th Anniversary
June 24, 2021 , Auburn Hills, Mich. – Today marks the 111th anniversary of the Alfa Romeo brand as it was founded on this day in 1910 in Milan, Italy. The Anonima Lombarda Fabbrica Automobili (A.L.F.A.) which later would become Alfa Romeo, following its acquisition of engineer and entrepreneur Nicola Romeo, in 1918. Since then, Alfa… Continue reading @FCA: Alfa Romeo Celebrates its 111th Anniversary
Lear Named by General Motors as a 2020 Supplier of the Year and Overdrive Award Winner
SOUTHFIELD, Mich., June 24, 2021 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it was recognized as a GM Supplier of the Year during General Motors’ 29th annual Supplier of the Year ceremony. This is the 20th time Lear has received the Supplier of the Year… Continue reading Lear Named by General Motors as a 2020 Supplier of the Year and Overdrive Award Winner
Magenta signs pact with Telengana nodal agency for EV deployment
Magenta Power management and TSREDCO officials sign the agreement for deployment of electric vehicles in state departments. EV solutions company, Magenta has signed an agreement with Telangana’s nodal agency for promotion of Energy Conservation Initiatives, TSREDCO for transitioning government officers’ transport fleet from ICE vehicles to EVs across state departments. As part of this initiative… Continue reading Magenta signs pact with Telengana nodal agency for EV deployment
@niche: Expanding the Xos Ecosystem with UniFirst000984
Xos welcomes textile delivery leader, UniFirst, as its newest partner. Xos trucks have successfully taken on parcel delivery, cash delivery, and now, we’re adding linen delivery to the laundry list. We’re proud to announce a partnership with UniFirst, a full-service uniform rental company serving North America, Canada, and Europe, that champions sustainability across all aspects… Continue reading @niche: Expanding the Xos Ecosystem with UniFirst000984