Singapore-based private equity firm PrimeMovers Equity has partnered with London-headquartered investor Lingotto Investment Management to acquire a majority stake in Malaysian company EngTek Group. EngTek Group is a die-casting and precision machining components manufacturer based in Penang, Malaysia. The transaction values the company at about S$150 million (about $112 million), according to the announcement. PrimeMovers… Continue reading SG’s PrimeMovers partners Linggotto to pick majority in Malaysia’s EngTek
Tag: Strategy
@Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Starting 2026, all newly developed midsize and large vans of Mercedes‑Benz will be built on VAN.EA Three modules allow for a clear differentiation between private luxury vans and premium commercial vans as well as for maximum synergies Lead in Electric: Mercedes‑Benz Vans targets an EV share of up to 20% by 2026 and more than 50%… Continue reading @Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
@Daimler: The new midsize vans portfolio from Mercedes Benz is getting ready
From the V-Class to the Vito, from combustion engines to fully electric drives – the renewed midsize vans product portfolio of the brand with the three-pointed star is getting ready for its premiere this coming summer. Following the current corporate strategy, distinctive new exterior and interior design as well as numerous comfort and functionality updates are… Continue reading @Daimler: The new midsize vans portfolio from Mercedes Benz is getting ready
@Daimler: The new midsize vans portfolio from Mercedes Benz is getting ready
From the V-Class to the Vito, from combustion engines to fully electric drives – the renewed midsize vans product portfolio of the brand with the three-pointed star is getting ready for its premiere this coming summer. Following the current corporate strategy, distinctive new exterior and interior design as well as numerous comfort and functionality updates are… Continue reading @Daimler: The new midsize vans portfolio from Mercedes Benz is getting ready
@Daimler: Strategy Update: Mercedes Benz Vans to further strengthen its position as the leading manufacturer
The business unit leverages its strong competitive advantage thanks to its diversified portfolio and resilient business model and premium strategy Focusing on the Top-End segments and the most profitable use cases of the different light commercial vehicle industries The roll-out of the new purpose-built Vans Electric Architecture (VAN.EA) will secureMercedes-Benz Vans’ lead in electric drive… Continue reading @Daimler: Strategy Update: Mercedes Benz Vans to further strengthen its position as the leading manufacturer
@Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Starting 2026, all newly developed midsize and large vans of Mercedes‑Benz will be built on VAN.EA Three modules allow for a clear differentiation between private luxury vans and premium commercial vans as well as for maximum synergies Lead in Electric: Mercedes‑Benz Vans targets an EV share of up to 20% by 2026 and more than 50%… Continue reading @Daimler: With VAN.EA – a modular and scalable purpose-built EV architecture
Alma de Samaná Announces Strategic Partnership with AKEN Hotels & Resorts Brands
SAMANÁ, Dominican Republic and ATLANTA and MIAMI, May 17, 2023 /PRNewswire/ — It is truly a rare occasion when the perfect combination of luxury excellence, culturally significant and earth-minded intentions all come together. The development of Alma de Samaná in the Dominican Republic has become that unique opportunity. Alma de Samaná is the first black-owned international luxury resort… Continue reading Alma de Samaná Announces Strategic Partnership with AKEN Hotels & Resorts Brands
ZTO Announces Change to Board Composition
SHANGHAI, May 17, 2023 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced that the board of directors of the Company (the “Board”) has appointed Mr. Xudong Chen as a director of the Company, effective June 15, 2023. Mr.… Continue reading ZTO Announces Change to Board Composition
Alma de Samaná Announces Strategic Partnership with AKEN Hotels & Resorts Brands
The first phase includes 40 Eco-Luxury Villas under AKEN opened by Q4 2024. ATLANTA and MIAMI and SAMANÁ, Dominican Republic, May 17, 2023 /PRNewswire/ — It is truly a rare occasion when the perfect combination of luxury excellence, culturally significant and earth-minded intentions all come together. The development of Alma de Samaná in the Dominican Republic… Continue reading Alma de Samaná Announces Strategic Partnership with AKEN Hotels & Resorts Brands
Tesla proposes to build factory in India, report says
A new report states that Tesla has proposed to build a factory in India during a meeting with officials today. After years of negotiation in the world’s most populous country, it would mark a reversal of its strategy. India has the biggest auto market that Tesla has yet to enter. For years, Elon Musk said… Continue reading Tesla proposes to build factory in India, report says