Hints and tips:
...Which fintech tie-ups do you see happening by the end of the year? Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Rivian was initially seen as such a threat by America’s truckmakers that it was courted by both General Motors and Ford, with the latter eventually succeeding in partnering with the group....
...Corporation, in a £14.2bn deal....
...group dubbed “Dark Basin”....
...On the day that the final car facilities across Europe halted, General Motors also drew $16bn from its credit facility, hot on the heels of Ford....
...And that’s just the half of it, according to Bank of America, which warns that the total for the year could reach $200bn....
...He founded the team alongside Lachlan Murdoch, son of media tycoon Rupert and chief executive of Fox Corporation....
...in Latin America....
...Bank of America credited its focus on smaller deals for part of its 16 per cent rise in M&A fees, making its gain an outlier....
...An acquisition of this kind was bound to raise red flags, whoever was doing the buying....
...Ford later announced it was cutting 1,400 salaried jobs in North America and Asia and said it would move production of the Ford Focus, from Mexico to China — not the US....
...Over the past three years, he has advised on more than 165 deals, including General Motors’ $1bn-plus acquisition of Cruise Automation, a driverless vehicle start-up....
...that had long underpinned the Japan Inc model....
...It is the biggest acquisition by a foreign company of an Israeli group to date, eclipsing recent high-tech transactions....
...One of Torotrak’s most promising gadgets has long been the V-Charge, a smarter version of a turbocharger that took six years to develop....
...The company is now the third-largest producer of automotive chips by revenue following NXP and Infineon of Germany, according to IHS....
...About 30 minutes drive from the city of Reno, Nevada, Tesla Motors is building the world’s biggest battery plant....
...“The increasingly global investor base of many non-US corporations means you have a shareholder base that may be more sympathetic to activism,” he says....
...Canada GEN Investment Corporation, which oversees the government’s stake in the carmaker, said it had entered into an agreement to sell 73.4m shares of its GM common stock to Goldman Sachs....
...Although the American banker is not alone among a new wave of investors in the continent, which includes private equity firms such as KKR and Carlyle and state-owned funds including Investment Corporation...
...“We can bring a lot of value [to Fisker] which is important to all of its stakeholders.” Wanxiang America, based in Elgin, Illinois, employs more than 6,000 people in the US....
...The moonshot man of the moment is Elon Musk, the founder of SpaceX, the rocket company, and Tesla Motors, which makes electric cars....
...It is the latest American corporation to opt to sell debt in Europe, taking advantage of market conditions in an economy that has only just begun to emerge from recession....
...Thursday’s Kiobel v Royal Dutch Shell ruling by the US Supreme Court provides much-needed clarification about the scope of an obscure US law utilised by a growing number of claimants from emerging economies...
...Some of the biggest deals of the period have been buyouts of companies where the buyer already had a controlling stake, such as Glencore’s acquisition of the shares it did not own in Xstrata....
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