The acquisition comes as several automakers are competing to develop electric vehicles after China, Europe and other countries and regions mandated lower carbon emissions. New Delhi: Financial technology company Ideanomics Inc said on Monday that it will acquire VIA Motors International Inc in an all-stock deal that would value the electric commercial vehicle firm at… Continue reading Fintech firm Ideanomics to buy VIA Motors for nearly USD 630 million
Tag: Strategy
DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
Boston, MA-based digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is to acquire Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG), an online gaming company, in an all-stock deal having an implied equity value of approximately $1.56 billion. The acquisition – expected to close in the first quarter of 2022 – will allow DraftKings… Continue reading DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
World NM: Genesis confidently ramps up its development in the Chinese market001522
With its commitment to delivering superior quality and luxury products for Chinese customers, Genesis is introducing its global award-winning products to the Chinese market based on the Two Trim Strategy. To deliver the unique Genesis Experience at all touch points, the carmaker has implemented an all-new business model tailored for the Chinese market－an omnichannel approach… Continue reading World NM: Genesis confidently ramps up its development in the Chinese market001522
Bajaj Chetak, TVS iQube see strong demand, April-July sales cross FY2021 numbers
While the Bajaj Chetak has clocked sales of 1,723 units in the first 4 months of FY2022 (FY2021: 1,395), the TVS iQube has gone home to 1,486 buyers (FY2021: 1,061). Longstanding IC engine players Bajaj Auto and TVS Motor Co, which have plugged into the India electric mobility story, are witnessing increasing demand for their… Continue reading Bajaj Chetak, TVS iQube see strong demand, April-July sales cross FY2021 numbers
KAR, CARWAVE Deal to Grow Online Marketplace
Image: KAR Global KAR Auction Services, Inc.,dba KAR Global (NYSE: KAR), has signed a definitive agreement to acquire CARWAVE Holdings LLC (“CARWAVE”) subject to certain regulatory approvals and other customary closing conditions, the companies announced in a media release on Aug. 23. CARWAVE is an online dealer-to-dealer marketplace featuring certified mechanical inspections, buyer guarantees and… Continue reading KAR, CARWAVE Deal to Grow Online Marketplace
German Handelsblatt: New strategy from Volkswagen: VW increasingly relies on automatic transmissions002778
VW is increasingly relying on automatic The next generation of Passat and Tiguan models will no longer have a manual gearshift. Photo: Julian Stratenschulte / dpa (Photo: dpa) Düsseldorf The car company Volkswagen is increasingly relying on automatic transmissions. A company spokesman said there will no longer be a manual gearbox in the next generation… Continue reading German Handelsblatt: New strategy from Volkswagen: VW increasingly relies on automatic transmissions002778
Global MRO Market Size Growing at 4.00 Percent CAGR, Says SpendEdge
NEW YORK, Aug. 30, 2021 /PRNewswire/ — A targeted strategic approach to MRO can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Download free sample report Key Highlights Offered in the Report: Information on how to identify strategic and tactical negotiation levels that… Continue reading Global MRO Market Size Growing at 4.00 Percent CAGR, Says SpendEdge
LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook
South Korean battery maker LG Energy Solution (LGES) said on Monday it will decide by October whether to pursue its planned initial public offering (IPO) this year after a vehicle recall involving LG batteries clouded it outlook. LGES, wholly owned by LG Chem Ltd from which it was carved out last year, in June said it planned to complete the IPO process in… Continue reading LG Energy Solution to reconsider IPO plans for this year as vehicle recall mars outlook
Australia considers stricter laws to regulate digital payment services
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google. Treasurer Josh Frydenberg said he would “carefully consider” that and other recommendations from a government-commissioned report into whether the payments system had kept pace with advances in technology and changes in consumer… Continue reading Australia considers stricter laws to regulate digital payment services
Technology · 3:27 AM UTCAustralia considering new laws for Apple, Google, WeChat digital walletsThe Australian government is considering new laws that…
A smartphone with the Apple Pay logo is placed on a displayed Google Pay logo in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration SYDNEY, Aug 30 (Reuters) – The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s… Continue reading Technology · 3:27 AM UTCAustralia considering new laws for Apple, Google, WeChat digital walletsThe Australian government is considering new laws that…