Tag: Lotus

Geely buys 7.6% share in Aston Martin

Chinese car giant Geely has taken a 7.6 per cent share in Aston Martin Lagonda, helping to raise the £654 million the British firm said it needed earlier this year. Other shareholders in the shape of Mercedes-Benz, the Yew Tree Consortium and Saudi Arabia’s Public Investment Fund also contributed to the fund raising.  Geely already… Continue reading Geely buys 7.6% share in Aston Martin

China’s Geely takes 7.6% stake in Aston Martin

Business deals Chinese company becomes 5th largest shareholder in British luxury automaker Zhejiang Geely Holding Group’s CEO Daniel Li said he believes that with its well-established track record and technology offerings, Geely can contribute to Aston Martin’s future success. SHUNSUKE TABETA, Nikkei staff writerSeptember 30, 2022 18:57 JSTUpdated on September 30, 2022 19:59 JST | China… Continue reading China’s Geely takes 7.6% stake in Aston Martin

Analysis: Can Aston Martin work with new stakeholder Geely?

Geely takes a stake in Aston Martin, but not exactly how it planned to Previously rebuffed Geely is now an 8% stakeholder, but that doesn’t mean they will work together Having been publicly rebuffed on its offer to invest in Aston Martin back in July, Geely has gone round the back by hoovering up shares… Continue reading Analysis: Can Aston Martin work with new stakeholder Geely?

Chinese automaker Geely snaps up 7.6% stake in Aston Martin

Geely Holding Group acquired a 7.6% share of British luxury automaker Aston Martin Lagonda Global Holdings, helping cement the Chinese company’s stake in luxury and European brands. Geely will not get a board seat in the deal, but that hasn’t seemed to matter in its past dealings. Geely, which owns Lotus and its the largest… Continue reading Chinese automaker Geely snaps up 7.6% stake in Aston Martin

China’s Geely-owned Lotus Technology valued at $4.5b in fundraising

Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. The unit, part of Group Lotus which is in turn owned jointly by Chinese automaker Geely and Malaysia’s Etika Automotive, said it would use the proceeds for product innovation and developing global distribution networks. Reuters reported in 2021 that Lotus Technology was… Continue reading China’s Geely-owned Lotus Technology valued at $4.5b in fundraising

Rockstar Games introduces the Community Series to GTA Online – GTA Boom

GTA Online just got a small update that adds a handful of discounted goods to the game and several other changes to community jobs. Rockstar Games is celebrating the talent of creators with the New Community Series. As part of the weekly GTA Online update, Rockstar Games has added what it refers to as the… Continue reading Rockstar Games introduces the Community Series to GTA Online – GTA Boom

IDG Ventures Vietnam sues tech company VCCorp for alleged governance lapsesIt claims to have noticed unusual signs and mistakes in financial managemen…

Vietnam’s first technology venture capital fund, IDG Ventures Vietnam, has sued local tech company VCCorp, alleging that there are unusual signs of corporate governance lapses and concealment of financial management mistakes at the company, according to an announcement.   IDG shareholders, including IDGVV 15 Limited and IDG Ventures Vietnam, said in the announcement that they will sue… Continue reading IDG Ventures Vietnam sues tech company VCCorp for alleged governance lapsesIt claims to have noticed unusual signs and mistakes in financial managemen…

Bose’s QuietComfort Earbuds II Boast the Best Noise-Cancelling

According to Bose, this bravura performance is thanks to its CustomTune technology. When the earbuds are taken from their charging case and placed in the user’s ear, a brief tone burst assesses the specific properties of the ear canal. In under half a second, the QCE II take the information and set themselves up, for… Continue reading Bose’s QuietComfort Earbuds II Boast the Best Noise-Cancelling

Moving Industry Innovator Shyft Appoints Randal Meske CEO, Closes Series B Funding

Business Veteran to Lead Company’s Next Phase of Innovation and Growth MIAMI, Sept. 15, 2022 /PRNewswire/ — Shyft, the fintech-powered marketplace reinventing the global moving industry, today announced that Randal Meske has been named Chief Executive Officer. Meske is a veteran go-to-market and growth leader with decades of leadership experience, including roles at SaaS startups… Continue reading Moving Industry Innovator Shyft Appoints Randal Meske CEO, Closes Series B Funding