Abu Dhabi’s Mubadala Investment Co is in talks to acquire asset manager Fortress Investment Group from Japan’s SoftBank Group Corp, according to a source familiar with the matter. Earlier on Tuesday, Bloomberg News reported, citing a source, that the Abu Dhabi sovereign wealth fund is discussing a deal that would value Fortress at more than… Continue reading Mubadala in talks to buy asset manager Fortress from SoftBankA deal would value Fortress at more than $1 billion.
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Q2 saw SE Asia’s startups record sharper drop in deal volume than first COVID-19 lockdowns
After five quarters of extended growth, the total volume of venture capital funding in Southeast Asia finally fell in the second quarter of this year as macroeconomic indicators turned sour and investors shifted their focus from growth to profitability. While the stance of the fund managers had been predicted since the start of the year… Continue reading Q2 saw SE Asia’s startups record sharper drop in deal volume than first COVID-19 lockdowns
Cummins Inc. Increases Quarterly Common Stock Dividend
COLUMBUS, Ind.–(BUSINESS WIRE)–The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company’s quarterly cash dividend on common stock of approximately 8 percent to 1.57 dollars per share from 1.45 dollars per share. The dividend is payable on September 1, 2022, to shareholders of record on August 19, 2022. About… Continue reading Cummins Inc. Increases Quarterly Common Stock Dividend
Vietnam’s Vinfast says agrees $4 bln EV factory funding with Credit Suisse, Citi
A VinFast electric SUV VF8 model is displayed at a store which the Vietnamese automaker plans to open in Santa Monica, California, U.S., May 23, 2022. REUTERS/David Swanson Register now for FREE unlimited access to Reuters.com Register HANOI, July 13 (Reuters) – Vietnam carmaker Vinfast has signed framework agreements with Credit Suisse (Singapore) Ltd and… Continue reading Vietnam’s Vinfast says agrees $4 bln EV factory funding with Credit Suisse, Citi
Bosch Engineering unveils new campus in Holzkirchen
A milestone of future engineering “We are delighted to have successfully completed construction,” says site manager Jens Hofmann. “We now have a new and attractive state-of-the-art workspace for around 500 associates.” An initial cohort of this workforce has already relocated.The building has various lab facilities in the basement. On the first floor, there is a… Continue reading Bosch Engineering unveils new campus in Holzkirchen
Rimac begins production of its $2.5 million Nevera hypercar EV
The $2.5 million Rimac Nevera all-electric hypercar has begun rolling off the assembly line, launching on the world stage as the fastest production car and an emblem of the Croatian EV maker’s advanced battery technology. The sleek, low-slung 1,914-horsepower two-seater is the first model to test the strength of the November merger between French supercar… Continue reading Rimac begins production of its $2.5 million Nevera hypercar EV
The saga continues: Twitter sues Elon Musk to force deal
akub Porzycki/NurPhoto via Getty Images As promised, Twitter is taking Elon Musk to court. The social media site has sued the Tesla CEO, claiming he cannot back out of his commitment to acquire the company. On Friday, just under three months after declaring his intent to purchase Twitter and take it private, Musk said he… Continue reading The saga continues: Twitter sues Elon Musk to force deal
Europa Wire: Dr. Beate Bungartz to succeed Anke Felder as Corporate Executive Vice President Human Resources and member of MAHLE Group Management Board000343
Appointed as new Management Board Member and Executive Vice President Human Resources of MAHLE: Dr. Beate Bungartz (PRESS RELEASE) STUTTGART, 12-Jul-2022 — /EuropaWire/ — MAHLE GmbH, one of the largest automotive suppliers worldwide, has announced that its Supervisory Board has appointed Dr. Beate Bungartz, 53, as Corporate Executive Vice President Human Resources and new member… Continue reading Europa Wire: Dr. Beate Bungartz to succeed Anke Felder as Corporate Executive Vice President Human Resources and member of MAHLE Group Management Board000343
Europa Wire: Le Dr Beate Bungartz succède à Anke Felder en tant que vice-présidente exécutive des ressources humaines et membre du conseil d’administration du groupe MAHLE000342
Nommée nouvelle membre du conseil d’administration et vice-présidente exécutive des ressources humaines de MAHLE : Dr. Beate Bungartz (COMMUNIQUÉ DE PRESSE) STUTTGART, 12-Jul-2022 — /EuropaWire/ — MAHLE GmbH, l’un des plus grands équipementiers automobiles au monde, a annoncé que son autorité de surveillance Le conseil d’administration a nommé le Dr Beate Bungartz, 53 ans, au… Continue reading Europa Wire: Le Dr Beate Bungartz succède à Anke Felder en tant que vice-présidente exécutive des ressources humaines et membre du conseil d’administration du groupe MAHLE000342
@Renault: Renault Group and Vitesco Technologies join forces to develop power electronics for electric and hybrid powertrains000405
Renault Group and Vitesco Technologies join forces to develop power electronics for electric and hybrid powertrains Boulogne-Billancourt (France) and Regensburg (Germany), July 12, 2022 – Renault Group, a major player in the automotive industry, and Vitesco Technologies, a leading international manufacturer of modern drive technologies and electrification solutions, today announced the signing of a strategic… Continue reading @Renault: Renault Group and Vitesco Technologies join forces to develop power electronics for electric and hybrid powertrains000405