In what indicates changing market dynamics in India, Kotak Mahindra Group has acquired the vehicle financing loan portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive financing arm of the Volkswagen Group. While Kotak Mahindra Prime (Kotak Prime) will acquire the passenger cars and two-wheelers portfolio, Kotak Mahindra Bank Ltd (KMBL) will acquire the… Continue reading Kotak Group strengthens vehicle loan biz, acquires VW Finance’s loan portfolio in India
Tag: Strategy
CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
The cooperation is focused on cathode active materials and battery recycling The partnership supports both companies’ commitment to global carbon neutrality and CATL’s localization strategy in Europe NINGDE, China, Sept. 16, 2021 /CNW/ — Contemporary Amperex Technology Co., Limited (CATL) and BASF SE (BASF) announced a strategic partnership on battery materials solutions, including cathode active… Continue reading CATL and BASF have signed a framework agreement to accelerate the achievement of global carbon neutrality goals
Citroen C3 unveiled, to be introduced in India in 2022
French carmaker, Citroen, has unveiled its latest offering for India and emerging markets, the Citroen C3. A mass-market, sub-four-metre hatchback with crossover styling, it is built on Citroen’s common modular platform CMP. The Citroen C3 will be introduced in the country in the first half of next year and be locally produced at the company’s plant… Continue reading Citroen C3 unveiled, to be introduced in India in 2022
@Hyundai: Kia’s First-Ever Sorento Plug-in Hybrid, Available Now in Dealerships
Two all-new PHEV & HEV powertrain options, a first for Sorento Estimated all-electric driving range of up to 51 kilometers on PHEV Sorento PHEV Price starting at $44,995 MSRP Sorento HEV to arrive in the fall, pricing to be announced TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Kia Canada introduces the first-ever Sorento Hybrid and… Continue reading @Hyundai: Kia’s First-Ever Sorento Plug-in Hybrid, Available Now in Dealerships
Taiwanese electric scooter maker Gogoro to go public via $2.35b SPAC deal
Taiwanese electric scooter maker Gogoro, which is partly backed by Singapore state investor Temasek, said on Thursday that it will go public through a merger with a blank-check company in a deal that sets its enterprise value at $2.35 billion. Gogoro – which has been pushing to expand overseas – will merge with Poema Global Holdings Corp,… Continue reading Taiwanese electric scooter maker Gogoro to go public via $2.35b SPAC deal
Autohome Investor Day: Strategic Upgrading of Auto Eco Fosters New Growth
BEIJING, Sept. 16, 2021 /PRNewswire/ — Autohome Inc. (2518.HK/ATHM.US) held its Investor Day 2021 in Beijing on September 15, 2021. Investors and analysts from Morgan Stanley, Credit Suisse, CITIC Securities, China Securities, Harvest Fund and other well-known international and domestic investment institutions, as well as journalists from various financial and economic media outlets, participated in… Continue reading Autohome Investor Day: Strategic Upgrading of Auto Eco Fosters New Growth
TVS acquires Swiss e-bike maker EGO Movement
L-R: Sir Ralf Speth, Sudarshan Venu, Daniel Meyer and Ms. Marie TVS Motor Co has acquired a majority stake in European e-bike brand, EGO Movement, thereby marking its foray into the personal e-mobility business. The all-cash deal was conducted through its Singapore Subsidiary TVS Motor (Singapore) and is in line with TVS’ strategy to expand… Continue reading TVS acquires Swiss e-bike maker EGO Movement
Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021 The partnership between the global commercial vehicles manufacturer and the US-based group specializing in zero-emission Class 8 heavy-duty trucks and related energy solutions is about to begin its manufacturing journey in Ulm,… Continue reading Europa Wire: New joint venture by IVECO and Nikola in Ulm, Germany to start production of Nikola Tre electric heavy-duty trucks by end of 2021000148
German Handelsblatt: Diesel scandal: Indictment in the VW Diesel trial: Winterkorn knew of manipulation002946
Martin Winterkorn The part of the proceedings against Winterkorn was separated, it should start later. (Photo: imago / fossiphoto) Braunschweig According to the conviction of the prosecutors in the diesel fraud trial, the former VW group boss Martin Winterkorn had known about the strategy of deception for a long time before admitting the exhaust gas… Continue reading German Handelsblatt: Diesel scandal: Indictment in the VW Diesel trial: Winterkorn knew of manipulation002946
@niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240
Strategic investments were made by insurer DELA and investor Joop van Caldenborgh Additional funding solidifies resources for continued development and production of long-range solar car Helmond, the Netherlands, September 16, 2021 – Lightyear, the high-tech company developing the world’s first long-range solar car, is proud to announce that it has raised $110 million (€93 million)… Continue reading @niche: Lightyear reaches $110 million (€93 million) funding milestone in 2021 YTD These funds are used for the further development and production of Lightyea…001240