Daimler India Commercial Vehicles (DICV) has inaugurated its 300th BharatBenz sales and service touch-point in India. BharatBenz has also expanded its sales and service footprint in western India by adding 10 new BharatBenz touchpoints in partnership with Autobahn Trucking. The 300th showroom in the all-India BharatBenz network is located at Loni, a strategic location on the… Continue reading Daimler India CV opens its 300th BharatBenz showroom in Maharashtra
Tag: Strategy
Hyundai breaks ground at new EV and battery plant in the US
Hyundai Motor Group has officially announced the setting up of a US-only $5.54 billion (Rs 45,943 crore) plant to establish itself as a global top tier electric vehicle OEM. On October 25, the Korean carmaker held a ground-breaking ceremony for the new electric vehicle-only plant ‘Hyundai Motor Group Metaplant America (HMGMA)’ in Bryan County, Georgia,… Continue reading Hyundai breaks ground at new EV and battery plant in the US
Hyundai breaks ground at new EV and battery plant in the US
Hyundai Motor Group has officially announced the setting up of a US-only $5.54 billion (Rs 45,943 crore) plant to establish itself as a global top tier electric vehicle OEM. On October 25, the Korean carmaker held a ground-breaking ceremony for the new electric vehicle-only plant ‘Hyundai Motor Group Metaplant America (HMGMA)’ in Bryan County, Georgia,… Continue reading Hyundai breaks ground at new EV and battery plant in the US
Audi selects Sauber as strategic partner for Formula 1 entry
Traditional Swiss racing team to become Audi factory team from 2026 onwards Oliver Hoffmann, Member of the Board for Technical Development: “We are delighted to have such a competent and experienced partner for our Formula 1 project” Preparations for the development of the Audi Power Unit at the Neuburg facility are proceeding as planned NEUBURG… Continue reading Audi selects Sauber as strategic partner for Formula 1 entry
Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Thailand-headquartered metaverse developer Translucia has acquired a majority stake in the local eSports arena Infofed, which is backed by Japanese seed-stage investor KK Fund, for $20 million in a joint venture deal, according to a source familiar with the development. The transaction marks KK Fund’s second exit in Thailand following Eventpop in 2021, KK Fund… Continue reading Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Temasek unit 65 Equity Partners injects $106m in Cityneon
Temasek’s wholly-owned investment firm 65 Equity Partners has invested S$150 million ($106 million) in Singapore-based immersive entertainment firm Cityneon Holdings, per an announcement. Prior to this transaction, Cityneon raised a S$235 million round in April 2021, which valued the company at over S$1 billion. Cityneon’s existing investors include CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital… Continue reading Temasek unit 65 Equity Partners injects $106m in Cityneon
@BMW: Expressive individualists – MINI Edition models add a big touch of new colours to life.002368
Munich. The MINI Editions emphasise the central character elements of the respective models by focussing on exclusive and harmonised equipment and design features. From November 2022, the particularly authentic product personalities will each present themselves with new paint finishes that add a touch of colour to the lives of MINI drivers. The power consumption figures for… Continue reading @BMW: Expressive individualists – MINI Edition models add a big touch of new colours to life.002368
65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
SINGAPORE, Oct. 26, 2022 /PRNewswire/ — Cityneon Holdings (“Cityneon”, the “Company”/collectively with its subsidiaries, the “Group”), welcomes a fresh investment of S$150 million from 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings. Cityneon concluded a round of private funding that raised S$235 million last April, and the collective funds raised will be… Continue reading 65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
SINGAPORE, Oct. 26, 2022 /PRNewswire/ — Cityneon Holdings (“Cityneon”, the “Company”/collectively with its subsidiaries, the “Group”), welcomes a fresh investment of S$150 million from 65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings. Cityneon concluded a round of private funding that raised S$235 million last April, and the collective funds raised will be… Continue reading 65 Equity Partners Invests $150 Million in Cityneon: Group to Rebrand to Neon
General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
GM shared its Q3 2022 financial report today, which is highlighted by an EBIT-adjusted $4.3 billion bolstered by a quarterly revenue of $41.9 billion. As a result, the American automaker has reaffirmed its full-year earnings guidance as it continues to scale its Ultium platform and expand EV production throughout its marques. Everyone is aware of GM ($GM) by… Continue reading General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance