Green Finance Framework lays foundation for a broad range of sustainable finance instruments such as green bonds and green loans Daimler meets the increasing investor demand for sustainable investments and opens an additional funding source for Daimler’s sustainable business strategy Green finance instruments allow investors to invest in green projects like the development and production… Continue reading @Daimler: 18. Jun 2020Green Finance Framework marks the next milestone of Daimler’s sustainable business strategy
Tag: Geely
Geely Automobile steps toward mainland China listing; HK shares surge
BEIJING/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd (0175.HK) said its board has approved a preliminary proposal to list new renminbi shares on mainland China’s Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the second media day… Continue reading Geely Automobile steps toward mainland China listing; HK shares surge
China’s Geely Automobile moves towards mainland listing
BEIJING/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd (0175.HK) said on Wednesday its board had approved a preliminary proposal for the possible issue of renminbi shares and a listing on mainland China’s Nasdaq-like STAR board. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show… Continue reading China’s Geely Automobile moves towards mainland listing
The Volvo Group Takes Measures to Reduce Cost and Accelerate Transformation
GOTHENBURG, Sweden, June 16, 2020 /PRNewswire/ — The COVID-19 crisis is expected to have a negative effect on economic activity in many of the Volvo Group’s major markets in the short and medium term. Volvo has continuously adjusted its operations to lower demand from record levels in the first half of 2019 by utilizing the… Continue reading The Volvo Group Takes Measures to Reduce Cost and Accelerate Transformation
AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs
FILE PHOTO: Martin Lundstedt, CEO of Volvo, presents the company’s first quarter results at a news conference in Stockholm, Sweden April 25, 2017. TT News Agency/Noella Johansson via REUTERS STOCKHOLM (Reuters) – Truck- and construction equipment maker AB Volvo (VOLVb.ST) plans to cut its white-collar workforce by around 4,100 positions during the second half of… Continue reading AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma – Gasgoo Auto News
Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma Shanghai (Gasgoo)- Zhejiang Geely New Energy Commercial Vehicle Group (GCV), a wholly-owned subsidiary of Zhejiang Geely Holding Group, is going to acquire 15.24% stake in Hualing Xingma Automobile (Group) Co.,Ltd., an Anhui-based commercial vehicle manufacturer listed on Shanghai Stock Exchange, to… Continue reading Geely’s CV unit confirmed to buy 15.24% stake in Anhui-based CV maker Hualing Xingma – Gasgoo Auto News
China auto sales up for second straight month after almost two-year slump
FILE PHOTO: Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS SHANGHAI (Reuters) – China’s auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world’s biggest vehicle… Continue reading China auto sales up for second straight month after almost two-year slump
China’s Geely Automobile launches share placement of up to $859 million – ETAuto.com
The shares are priced in the HK$10.80-$11.20 range, after 4.44%-7.85% discount to the last closing price of HK$11.72. HONG KONG/BEIJING: China’s Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters. The shares are priced in the HK$10.80-$11.20 range, after 4.44%-7.85%… Continue reading China’s Geely Automobile launches share placement of up to $859 million – ETAuto.com
Upstream Expands Series B Funding
HERZLIYA, Israel, June 9, 2020 /PRNewswire/ — Upstream Security announced today that it has secured an expansion of its Series B funding with an investment by Salesforce Ventures. The undisclosed amount is in addition to $30 million previously invested by Alliance Venture Capital (Renault, Nissan, Mitsubishi), Hyundai, Nationwide Insurance, Volvo Group, and others. Upstream offers specialized… Continue reading Upstream Expands Series B Funding
Chinese automaker Geely unit Xiaolinggou closes $97m in Series A round
Xiaolinggou, a new energy vehicle (NEV) rental unit of Chinese automaker Geely, has closed nearly 688 million yuan ($97 million) in a Series A round of financing as the parent company ramps up efforts to adopt a new rental model amid continued decline in China’s NEV sales since late 2019. The venture completed the initial… Continue reading Chinese automaker Geely unit Xiaolinggou closes $97m in Series A round