2021-08-31 | Herzogenaurach new owner plans to continue operations at the site with all employees Further growth potential with new owner Planned sale congruent with Schaeffler’s portfolio strategy Global automotive and industrial supplier Schaeffler has signed a contract to sell the Clausthal-Zellerfeld site to ift-whitecell engineering gmbh, a subsidiary of Whitecell Power AG. The transaction… Continue reading Schaeffler Group sells Clausthal-Zellerfeld site to ift-whitecell engineering gmbh
Tag: Strategy
mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m
The Singapore entertainment company mm2 Asia has entered into an agreement with local investment firm Kingsmead Properties to sell its cinema business, mm2 Connect, for S$84.8 million ($63 million). mm2 Asia operates the Cathay chain of cinemas in the city-state. The deal will require approval from the regulators, as well as approval from shareholders at… Continue reading mm2 Asia inks deal to sell COVID-hit cinema business to Kingsmead for $63m
India: Despite rising markets in 2021, fundraising via QIPs lags behind IPOs
More Indian companies raised capital through initial public offerings in 2021 than via qualified institutional placements (QIPs), indicating a trend reversal from 2020 when QIPs dominated the market. So far this year, 26 companies have raised ₹31,781 crore through QIPs. That compares with ₹60,288 crore raised through IPOs by 36 companies, data from Prime Database… Continue reading India: Despite rising markets in 2021, fundraising via QIPs lags behind IPOs
@Geely: Tue 31 Aug 2021Lotus Technology global HQ established in China as future Lotus EV product plan unveiledLotus Technology has officially launched its gl…
Global ‘intelligent technology’ subsidiary of Group Lotus launched Will accelerate innovation and oversee manufacture of exciting new Lotus lifestyle models for global markets Four new electric models from Lotus in next five years – including all-new electric sports car in 2026 Lotus SUV – the Type 132 – will be first, launching in 2022 All-new… Continue reading @Geely: Tue 31 Aug 2021Lotus Technology global HQ established in China as future Lotus EV product plan unveiledLotus Technology has officially launched its gl…
@BMW: BMW Customer Racing Teams Win Big at Road America; 2022 BMW M4 GT3 Introduced to Teams.001395
Woodcliff Lake, N.J. – Aug. 30, 2021. . . The Ultimate Driving Machine® was well-represented by more than 30 BMW drivers competing in more than 20 BMW racing cars this weekend at Road America, in Elkhart Lake, Wis., for the Fanatec GT World Challenge America Presented by AWS weekend. All four models that represent BMW of… Continue reading @BMW: BMW Customer Racing Teams Win Big at Road America; 2022 BMW M4 GT3 Introduced to Teams.001395
Solar-powered UAV market | Evolving Opportunities with AeroVironment Inc. and Airbus SE | 17000+ Technavio Reports
NEW YORK, Aug. 30, 2021 /PRNewswire/ — The global solar-powered UAV market is expected to grow by $ 485.46 mn during 2020-2024, as per Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2021. However, healthy growth is expected… Continue reading Solar-powered UAV market | Evolving Opportunities with AeroVironment Inc. and Airbus SE | 17000+ Technavio Reports
Automotive Digital Key Market records a CAGR of over 7% by 2025| 17000+ Technavio Reports
NEW YORK, Aug. 30, 2021 /PRNewswire/ — According to the latest market research report on Automotive Digital Key Market from Technavio, the market is expected to expand at a healthy CAGR of over 7%. The growth can be mainly attributed to the increasing demand for car-sharing and car rental services. Understand the driving forces behind Automotive Digital… Continue reading Automotive Digital Key Market records a CAGR of over 7% by 2025| 17000+ Technavio Reports
@VW Group: ŠKODA AUTO manufactures 100,000th iV vehicle003738
Michael Oeljeklaus, ŠKODA AUTO Board Member for Production and Logistics, said: “100,000 iV vehicles have been produced in less than two years – this marks the perfect start to our electromobility campaign. I would like to sincerely thank our entire production team for manufacturing our iV vehicles at such a fast pace and to the… Continue reading @VW Group: ŠKODA AUTO manufactures 100,000th iV vehicle003738
@VW Group: Audi on the road to climate-neutral mobility003739
Audi wants to be a net-zero carbon emissions company by no later than 2050. By 2025, the company plans to offer more than 20 fully electric, battery-driven cars. At the same time, Audi wants to reduce the ecological footprint of its fleet – specifically, by 30 percent as compared with 2015. One central goal is… Continue reading @VW Group: Audi on the road to climate-neutral mobility003739
Battery swapping specialist Ample raises $160 million in Series C funding
Battery swapping is an old idea with a troubled history. Better Place, an Israeli startup that was a promising early promoter of EVs, made battery swapping a centerpiece of its strategy—it went bust in 2013. Tesla demonstrated a swapping system for Model S in 2013, but dropped the technology in 2015. Chinese EV startup NIO… Continue reading Battery swapping specialist Ample raises $160 million in Series C funding