Renault on Wednesday confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash and is heading for a restructuring. “In light of (the JV‘s) inability to meet its current financial obligations, the company’s board of directors has resolved to initiate a restructuring process,” a spokesperson said. A source in September told Reuters Renault was in… Continue reading Renault’s China JV with Brilliance heading into restructuring
Tag: Financial Results
Data Vantage: Haulio, SDAX, Udaan headline funding, fundraising updates
Singapore-headquartered container haulage platform Haulio has raised $5.75 million in Series A funding, according to its regulatory filings. The round was led by Orchid 3 Investments, a vehicle of Temasek-backed Heliconia Capital Management. Existing backers ComfortDelGro Ventures and PSA unboXed, the venture capital arm of port operator PSA International, also participated. Haulio also issued about… Continue reading Data Vantage: Haulio, SDAX, Udaan headline funding, fundraising updates
Same-Day Delivery Market in the US to Record 18.50% Y-O-Y Growth Rate in 2021 | A1-SameDay Delivery Service Inc.- Offers Same-Day Delivery services which include Online Order Entry & Package Tracking and Reporting, etc| Technavio
NEW YORK, Dec. 22, 2021 /PRNewswire/ — Same-Day Delivery Market in US Facts at a Glance- Didn’t Find What You Were Looking For? Customize Report- Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to… Continue reading Same-Day Delivery Market in the US to Record 18.50% Y-O-Y Growth Rate in 2021 | A1-SameDay Delivery Service Inc.- Offers Same-Day Delivery services which include Online Order Entry & Package Tracking and Reporting, etc| Technavio
Automotive Aftermarket E-retailing Market to Record 19.50% Y-O-Y Growth Rate in 2021 | Technavio
NEW YORK, Dec. 22, 2021 /PRNewswire/ — Automotive Aftermarket E-retailing Market Facts at a Glance- Didn’t Find What You Were Looking For? Customize Report- Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your… Continue reading Automotive Aftermarket E-retailing Market to Record 19.50% Y-O-Y Growth Rate in 2021 | Technavio
Foxconn’s India unit Bharat FIH files for $663m domestic IPO
Hong Kong-listed FIH Mobile Ltd’s India unit Bharat FIH Ltd filed for an initial public offering of up to 50.04 billion rupees ($662.97 million) on Wednesday, according to its draft prospectus. Shares of FIH Mobile, a unit of Apple Inc supplier Foxconn, surged 6.7% earlier in the day in Hong Kong after the company proposed the… Continue reading Foxconn’s India unit Bharat FIH files for $663m domestic IPO
Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride
When Rachael Kasper started shopping for a new car in August, she had her heart set on a Ford Escape plug-in hybrid. The problem was that Ford hasn’t made many of them this year because of a computer chip shortage that has slowed auto production around the world. Ms. Kasper first came up empty in… Continue reading Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride
Scientific Games Withdraws Offer to Acquire Remaining 19% Equity Interest in SciPlay
LAS VEGAS, Dec. 22, 2021 /PRNewswire/ — Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games,” “SGC” or the “Company”) today announced that it has withdrawn its previously announced July 15, 2021 all-stock offer to acquire the remaining 19% equity interest in SciPlay that it does not currently own. SGC previously offered to merge with SciPlay in a… Continue reading Scientific Games Withdraws Offer to Acquire Remaining 19% Equity Interest in SciPlay
Motorvise MD advises dealers to stage Q1 sales events
A willingness by car dealerships to stage Q1 sales events could be crucial to their profitability during 2022, according to founder and managing director of MotorVise Automotive Fraser Brown. He said that with supplies of new cars yet to return to pre-pandemic levels, due in large part to the ongoing global shortage of microchips, there… Continue reading Motorvise MD advises dealers to stage Q1 sales events
Fluke FEV100 adapter kit for testing EV charging stations
Sponsored by Fluke Test the functionality and safety of electrical vehicle charging stations, easily and reliably Test the safety and performance of type 1, level 1 or level 2 electric vehicle ac charging stations (EVSEs) with the Fluke FEV100. This test adapter simulates the presence of an electrical vehicle, allowing you to conduct tests in… Continue reading Fluke FEV100 adapter kit for testing EV charging stations
Leading Auto Detailing Lifestyle Brand Chemical Guys Surpasses 1 Million Followers on Instagram
LOS ANGELES, Dec. 22, 2021 /PRNewswire/ — Chemical Guys, the leading lifestyle brand for automotive detailing enthusiasts and professionals, today announced a monumental brand milestone after surpassing 1 million followers on Instagram, the brand’s most active social media channel just ahead of YouTube. As the most followed car care brand on social media in the… Continue reading Leading Auto Detailing Lifestyle Brand Chemical Guys Surpasses 1 Million Followers on Instagram