Country Garden Services Holdings Co Ltd said on Tuesday it plans to raise HK$15.5 billion ($2 billion) from a share sale and a convertible bond issue to fund merger and acquisition projects. The property management unit of developer Country Garden aims to sell 139.38 million new shares, or 4.35% of the enlarged share capital, to third party investors for HK$10.5 billion. They will be issued at HK$75.25 apiece, representing a 6% discount to Monday’s close of HK$80.05.… Continue reading China’s Country Garden Services plans to raise $2b from share sale, bond issue
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@Groupe PSA: PR Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture001763
Mobile Drive, with investments from both Foxconn and Stellantis, will accelerate go-to-market timelines for the most advanced in-car and connected-car technologies in the industry Mobile Drive brings together expertise in consumer innovations from the sustainable mobility and advanced electronics industries Joint venture will competitively bid for global vehicle program contracts with Stellantis and other auto… Continue reading @Groupe PSA: PR Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture001763
@McLaren: McLaren Automotive further extends relationship with British GT Championship as Customer Racing teams challenge for titles000105
17 May 2021 McLaren Automotive extends relationship with Intelligent Money British GT Championship for sixth consecutive season McLaren GT official Safety Car will lead the field at every round McLaren most-represented manufacturer on British GT grid, with seven entries across GT3 and GT4 classes McLaren Automotive Driver Development Programme (DDP) resumes McLaren Automotive has extended… Continue reading @McLaren: McLaren Automotive further extends relationship with British GT Championship as Customer Racing teams challenge for titles000105
@FCA: Stellantis and Foxconn to Announce Strategic Partnership
Invitation to a press conference call and webcast Stellantis and Foxconn to Announce Strategic Partnership Amsterdam, Taipei, May 17, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), will announce a new strategic… Continue reading @FCA: Stellantis and Foxconn to Announce Strategic Partnership
16:45 ETDana Prices €325 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…
MAUMEE, Ohio, May 14, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana“) today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., has priced its offering of €325 million aggregate principal amount of 3.000% Senior Notes due 2029 (the “2029 Notes”). The 2029 Notes will be fully and unconditionally guaranteed by Dana. The company intends to allocate… Continue reading 16:45 ETDana Prices €325 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that its wholly-owned subsidiary, Dana Fi…
May 4, 2021 Via selected as Finalist of Fast Company’s 2021 World Changing Ideas Awards From a cleaner freight train to an automated beehive…
May 4, 2021 Via selected as Finalist of Fast Company’s 2021 World Changing Ideas Awards From a cleaner freight train to an automated beehive, a way to recycle fabric, and other bold, new technologies, the 5th annual awards honor the products, concepts, companies, policies, and designs that are pursuing innovation for the good of society… Continue reading May 4, 2021 Via selected as Finalist of Fast Company’s 2021 World Changing Ideas Awards From a cleaner freight train to an automated beehive…
Indian auto classifieds firm CarTrade to soon file for $266m IPO
“They are ready to file DRHP. Final touches are being put on the document. It should happen in the next 10-15 days. This will be the first online auto classifieds company to go public in India,” the first person cited above said, requesting anonymity as he is not authorized to speak with the media. CarTrade… Continue reading Indian auto classifieds firm CarTrade to soon file for $266m IPO
Dana Prices $400 Million Senior Notes Offering
MAUMEE, Ohio, April 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its offering of $400 million aggregate principal amount of 4.250% Senior Notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future… Continue reading Dana Prices $400 Million Senior Notes Offering
06:59 ETDana Launches $400 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to marke…
MAUMEE, Ohio, April 29, 2021 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to market conditions, a registered offering of $400 million aggregate principal amount of senior unsecured notes due 2030. The company intends to allocate the net proceeds from the offering to finance or refinance, in whole or in part,… Continue reading 06:59 ETDana Launches $400 Million Senior Notes OfferingDana Incorporated (NYSE: DAN) (“Dana”) today announced that it is commencing, subject to marke…
Consumer Reports proved that a Tesla will drive with nobody behind the wheel following fatal crash (TSLA)
Consumer Reports showed that it’s possible to turn on Tesla Autopilot with nobody behind the wheel. The firm’s car-testing director was able to sit in the passenger’s seat while the Tesla drove itself. The demonstration comes after a fatal Tesla crash where authorities said nobody was driving. See more stories on Insider’s business page. Consumer… Continue reading Consumer Reports proved that a Tesla will drive with nobody behind the wheel following fatal crash (TSLA)