Acquisition will secure control of critical battery pack engineering and production process Transaction expected to yield annual cost savings of up to $350 million by 2026 Romeo’s Cypress, California facility will become Nikola’s Battery Center of Excellence Nikola to host analyst and investor webcast on August 1 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific… Continue reading Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Production In-House
Tag: Strategy
Jacobs Reports Fiscal Third Quarter 2022 Earnings
Robust Year-Over-Year Revenue Growth Across All Lines of Business Double-Digit Pro Forma Year-Over-Year Revenue Growth in Constant Currency Revenue Backlog up 10% Year-Over-Year and up 13% in Constant Currency Awarded $3.9B 10-Year Contract to Support NASA Johnson Engineering, Technology and Science Strategy Strong Recurring Revenue Visibility with Acceleration from Climate, Data and Consultancy Solutions Reinforces… Continue reading Jacobs Reports Fiscal Third Quarter 2022 Earnings
Valvoline Announces Agreement for Sale of Global Products Business for $2.65 Billion in Cash
Reports Preliminary Financial Results for Fiscal Third Quarter 2022 Transaction will successfully complete separation of Global Products and Retail Services businesses transforming Valvoline into a pure-play automotive service provider with targeted 20%+ earnings per share (EPS) growth Valvoline to capitalize on highly compelling growth opportunities, while accelerating Retail Services evolution as hybrid and electric vehicle… Continue reading Valvoline Announces Agreement for Sale of Global Products Business for $2.65 Billion in Cash
HSBC rejects demerger of Asian business, cites huge costs and risks
A logo of HSBC is displayed outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip HSBC said on Monday a demerger or spinoff of its Asian business risks huge one-off execution costs, higher taxes and ongoing running costs for the bank, in its most detailed rebuttal yet to calls from its largest shareholder to break… Continue reading HSBC rejects demerger of Asian business, cites huge costs and risks
SNCF AND DWS BEGIN EXCLUSIVE NEGOTIATIONS WITH CDPQ ON THE PROPOSED SALE OF AKIEM
PARIS, FRANKFORT and MONTRÉAL, Aug. 1, 2022 /PRNewswire/ – Following a competitive auction process, Akiem shareholders have agreed to enter into exclusive negotiations with CDPQ on the proposed sale of Akiem, a leading provider of freight locomotive leasing services in France and Europe. With revenues of nearly EUR 220 million, EBITDA of around EUR 150 million in 2021,… Continue reading SNCF AND DWS BEGIN EXCLUSIVE NEGOTIATIONS WITH CDPQ ON THE PROPOSED SALE OF AKIEM
Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering
NEW YORK, Aug. 1, 2022 /PRNewswire/ — Swvl Inc. (“Swvl” or the “Company”) (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced its entry into a strategic partnership with City Group Co. KSCP (“City Group”), a leading transport operator and warehousing services provider, through which City Group will utilize Swvl’s Software… Continue reading Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering
Chinese textile technology firm NTX raises $200m in Centurium-led funding round
Chinese private equity (PE) firm Centurium Capital, which has so far raised $249 million for US investors for a new USD-denominated fund, led the $200-million C2 funding round in Shanghai-headquartered textile technology firm NTX. The funding round, which was also backed by existing shareholder NRL Capital, according to the announcement, comes as NTX became a… Continue reading Chinese textile technology firm NTX raises $200m in Centurium-led funding round
@BMW: ROWE Racing so close to podium after strong Spa debut for the BMW M4 GT3.002157
Spa-Francorchamps. Around two hours and just a bit of luck were all that was missing from an otherwise perfect debut for the BMW M4 GT3 at the 24 Hours of Spa-Francorchamps (BEL). Tyre damage to both ROWE Racing cars prevented a deserved podium finish after a superb, faultless performance. Making their Spa debut, the BMW… Continue reading @BMW: ROWE Racing so close to podium after strong Spa debut for the BMW M4 GT3.002157
Stellantis fleet boss: Subsidise EVs from more polluting vehicles
Higher-polluting vehicles could be taxed more to encourage the continued take-up of EVs in the fleet sector, according to James Taylor, acting MD and B2B director at Stellantis UK and the person in charge of the fleet strategy of the firm’s brands from Alfa Romeo to Vauxhall. “There should be a taxation system that incentivises… Continue reading Stellantis fleet boss: Subsidise EVs from more polluting vehicles
HSBC urged to appoint largest shareholder Ping An to its board
A Hong Kong politician has urged HSBC spin off its Asia business and appoint representatives of Chinese insurer Ping An to its board, as the global lender prepares to meet with Hong Kong shareholders this week. Ping An Insurance Group Co of China Ltd, the bank’s biggest shareholder, called on London-headquartered HSBC in April to explore strategic options such… Continue reading HSBC urged to appoint largest shareholder Ping An to its board