PARIS, Feb 6 (Reuters) – Nissan (7201.T) and Renault (RENA.PA) on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault’s electric vehicles unit Ampere. The alliance junior partner Mitsubishi Motors (7211.T) will also consider investing in Ampere, the companies said in… Continue reading Nissan to buy up to 15% stake in Renault EV unit under reshaped alliance, article with gallery
Tag: Strategy
@VW Group: Porsche aims to build on its strong start to season 9 with the Porsche 99X Electric Gen3 in Diriyah006612
The double strike in Diriyah makes the start of the season perfect for the new Porsche 99X Electric Gen3. So far, the Weissach-developed electric racing car has won all season 9 races: after Porsche’s customer team Avalanche Andretti won the season opener in Mexico, Pascal Wehrlein has followed up with two victories in Diriyah for… Continue reading @VW Group: Porsche aims to build on its strong start to season 9 with the Porsche 99X Electric Gen3 in Diriyah006612
Geek+ and Starlinks bolster ecommerce logistics automation in the Middle East
Starlinks opens new 400,000ft2 powered robotic e-commerce fulfilment center in Saudi Arabia Two Geek+ solutions implemented together, with 250+ mobile robots processing 3.6 million orders per month RIYADH, Saudi Arabia, Feb. 6, 2023 /PRNewswire/ — Geek+, the global leader in mobile robots for logistics, and Starlinks, a leading logistics and supply chain solutions provider in Saudi… Continue reading Geek+ and Starlinks bolster ecommerce logistics automation in the Middle East
Vantage Point: IPO-bound Pertamina Geothermal Energy combines power with sustainability
This weekly newsletter chronicles top digital themes and trends playing out in SE Asia, especially Indonesia. We will decode policy and regulatory changes affecting digital economy sectors, crunch earnings data of top players, track developments related to gig economy workers and attempt to piece together ecosystem buildouts in some of the fastest-growing, venture-backed plays. You… Continue reading Vantage Point: IPO-bound Pertamina Geothermal Energy combines power with sustainability
Electric truck maker Rivian is reportedly developing an e-bike
The company cut six percent of its workforce earlier this week. Electric vehicle startup Rivian is reportedly working on an e-bike. According to Bloomberg, CEO RJ Scaringe told Rivian employees of the project during a company-wide meeting the automaker held on Friday. He said the startup had a “small group” of engineers working on a… Continue reading Electric truck maker Rivian is reportedly developing an e-bike
New Porsche K1 is rapid seven-seat luxury EV for 2027
A seven-seat, off-road-capable luxury electric crossover is being primed by Porsche to arrive in 2027 as a new range-topper that will take on the likes of the Mercedes-Benz EQS SUV and BMW iX. It will be unlike any previous Porsche production model, say sources privy to early design proposals, with a length stretching beyond five… Continue reading New Porsche K1 is rapid seven-seat luxury EV for 2027
PE firm Quadria Capital eyes first close of $800m Fund III by June
Healthcare-focused Quadria Capital, which is currently on the road to raise $800 million for its third fund, is looking to hit the first close sometime in the first half of 2023. The Singapore-headquartered private equity (PE) firm, with an establishment in India, recently amassed $25 million (as much as Rs 204.4 crore) from the Asian… Continue reading PE firm Quadria Capital eyes first close of $800m Fund III by June
Adani crisis ignites Indian contagion fears, credit warnings
Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India’s parliament led to their adjournment on Friday as some lawmakers demanded an inquiry after… Continue reading Adani crisis ignites Indian contagion fears, credit warnings
The Aftershocks of the EV Transition Could Be Ugly
The introduction of any new system causes perturbations within the current operating environment, which in turn, create behavioral responses, some predictable, many not. As University of Michigan professor emeritus and student of system-human interactions John Leslie King observes “People find ways to use systems for their own benefit not anticipated by designers and developers. Their… Continue reading The Aftershocks of the EV Transition Could Be Ugly
@BMW: BMW M Team WRT finishes the Bathurst 12 Hour in fourth and sixth positions.002514
Bathurst. BMW M Team WRT competed its first race in the 2023 Intercontinental GT Challenge, the Bathurst 12 Hour (AUS). The endurance classic also marked the first official outing of the team together with BMW M Motorsport. After twelve hours of racing, held in sunny summer weather, the #32 Shell BMW M4 GT3 took the… Continue reading @BMW: BMW M Team WRT finishes the Bathurst 12 Hour in fourth and sixth positions.002514