AlbaCore Capital, a London-based private credit firm bought by Mitsubishi UFJ Financial Group, sees growth potential in Japan for alternative investments which are still underweight in Japanese institutional investors’ portfolios. “Japan has historically had a very small allocation to alternatives,” AlbaCore’s Chief Investment Officer David Allen told Reuters, referring to non-traditional assets such as private… Continue reading MUFG’s AlbaCore bullish on Japan’s alternative asset marketJapan’s large pool of institutional investors has been attracting global private debt compa…
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Carbon Fiber Market Size to grow by USD 2,732.91 million from 2022 to 2027, 3M Co., China Composites Group Corp. Ltd. and more among the key companies in the market – Technavio
NEW YORK, Dec. 12, 2023 /PRNewswire/ — The global carbon fiber market size is estimated to increase by USD 2,732.91 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 7.43% during the forecast period. By geography, the global carbon fiber market is segmented into North America, Europe, APAC, South America, and Middle… Continue reading Carbon Fiber Market Size to grow by USD 2,732.91 million from 2022 to 2027, 3M Co., China Composites Group Corp. Ltd. and more among the key companies in the market – Technavio
Traction Control System Market to grow at a CAGR of 6.32% from 2022 to 2027|The rising adoption of advanced driver assistance systems is a primary trend -Technavio
NEW YORK, Dec. 11, 2023 /PRNewswire/ — The traction control system market size is estimated to grow by USD 10.84 billion from 2022 to 2027. The market is estimated to accelerate at a CAGR of 6.32%, according to Technavio. The rising adoption of advanced driver assistance systems is a primary trend in the key traction control system market. Some of the… Continue reading Traction Control System Market to grow at a CAGR of 6.32% from 2022 to 2027|The rising adoption of advanced driver assistance systems is a primary trend -Technavio
U.A.W. Accuses Honda, Hyundai and Volkswagen of Labor Violations
The United Automobile Workers union accused three foreign automakers on Monday of unfair labor practices, asserting that they had interfered with efforts by employees to build support for the union at U.S. plants. The union said it had filed charges with the National Labor Relations Board contending that the automakers — Honda, Hyundai and Volkswagen… Continue reading U.A.W. Accuses Honda, Hyundai and Volkswagen of Labor Violations
Programmable Logic Controller (PLC) Market in APAC to increase by USD 1.19 billion during 2023 to 2028; Increasing demand for PLCs in renewable power generation boosts the market growth – Technavio
NEW YORK, Dec. 11, 2023 /PRNewswire/ — The programmable logic controller (PLC) market in APAC is expected to grow by USD 1.19 billion between 2023 and 2028. However, the growth momentum of the market will progress at a CAGR of 4.83% during forecast period. The market is segmented by end-user (process industry, discrete industry, and building automation),… Continue reading Programmable Logic Controller (PLC) Market in APAC to increase by USD 1.19 billion during 2023 to 2028; Increasing demand for PLCs in renewable power generation boosts the market growth – Technavio
U.S. New-Vehicle Prices Down Year over Year for Third Straight Month; Market Shifts toward Buyers as Incentives Climb, Profit Margins Squeezed
The average transaction price (ATP) for a new vehicle in November 2023 was $48,247, an increase from last month but down 1.5% year over year. After retreating slightly in October, incentives increased further in November, reaching a new high for 2023 and climbing above 5% of ATP for the first time in more than two… Continue reading U.S. New-Vehicle Prices Down Year over Year for Third Straight Month; Market Shifts toward Buyers as Incentives Climb, Profit Margins Squeezed
Japan’s SMFG follows MUFG foray into Indonesian car loan business
TOKYO — Sumitomo Mitsui Financial Group (SMFG) on Monday said it will spend 20 billion yen ($136 million) for 51% of the shares in two Indonesian auto loan companies, following a similar move by rival Mitsubishi UFJ Financial Group as the Japanese megabanks move to cash in on the Southeast Asian country’s booming population. In… Continue reading Japan’s SMFG follows MUFG foray into Indonesian car loan business
Japan’s SMFG follows MUFG foray into Indonesian car loan business
TOKYO — Sumitomo Mitsui Financial Group (SMFG) on Monday said it will spend 20 billion yen ($136 million) for 51% of the shares in two Indonesian auto loan companies, following a similar move by rival Mitsubishi UFJ Financial Group as the Japanese megabanks move to cash in on the Southeast Asian country’s booming population. In… Continue reading Japan’s SMFG follows MUFG foray into Indonesian car loan business
Celebrating Mentors, Industry Friends, and Joe
Joe Knight served as former president of the American Car Rental Association (ACRA) and as vice-president of airport concessions and properties at Fox Rent a Car for 22 years. Photo: Vincent Taroc / Bobit I couldn’t have been more than a year into my role as editor of Auto Rental News. There was a meeting at LAX,… Continue reading Celebrating Mentors, Industry Friends, and Joe
Auto companies donate and launch services to tide over damage caused by Cyclone Michaung
Apart from donations, other companies like Suzuki Motorcycle, Nissan Motor India and Tata Motors announced service offerings meant to help those in such regions. Auto giants have donated towards relief funds or are providing customers with services in order to help them after the flooding and damage caused by Cyclone Michaung in Tamil Nadu. TVS… Continue reading Auto companies donate and launch services to tide over damage caused by Cyclone Michaung