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...The retail segment of Inchcape, which has partnerships with brands such as Audi, BMW, Volkswagen and Toyota, contributed to 18 per cent of its total revenue in 2023....
...This week, the tour approved a deal for a group of investors led by Liverpool FC and Boston Red Sox owner John Henry and his Fenway Sports Group to buy into the new entity....
...In another example, Shenzhen-based Appotronics, which provides laser projectors for nearly half of China’s cinemas, will supply BMW with laser technology for some of the German group’s latest in-car displays...
...In 2021, then-Volkswagen chief Herbert Diess told the Financial Times that the Chinese group was the company the German automaker feared most. Yet BYD’s recent rise has surprised many in the industry....
...Škoda Auto Volkswagen’s Indian factories can manufacture about 240,000 cars. The group made about 133,000 cars in 2022, approximately 55 per cent of its capacity....
...“It’s like choosing between a Bentley and a Tesla,” said Mark Mandel, chair of Baker McKenzie’s North America capital markets group....
...Kenvue, underwritten by Goldman Sachs, JPMorgan Chase and Bank of America, hit the public markets in May, at a valuation of $41bn....
...As well as Spain, the group is also active in the US, Italy, Australia, Japan and Latin America....
...Volkswagen and Hyundai are seeing sharp rises in their sales of electric vehicles....
...FTX founder Sam Bankman-Fried has retained defence attorney Mark Cohen of Cohen & Gresser, while Caroline Ellison, who ran SBF’s trading firm Alameda Research, has hired Washington-based firm WilmerHale...
...Bank of America has hired former Deutsche Bank dealmaker Brett Orlando as global head of commodity transition, according to an internal memo seen by the FT....
...RWE is doubling down on the world’s second-biggest renewables market with the acquisition of a portfolio of US solar parks and wind farms from Consolidated Edison Inc in a $6.8bn deal funded by Qatar....
...Hill’s board opponents include Andrew Cohen, chief investment officer for Steven Cohen’s hedge fund Point72 and family office Cohen Private Ventures....
...Volkswagen can overtake Tesla to become the largest electric vehicle manufacturer by 2025, as the challenge of lifting production weakens its fiercest rival, the German group’s chief executive has claimed...
...Dealers said they met more Americans than they had done at Frieze, as well as VIP visitors from Asia and Latin America....
...Founders Ben Cohen and Jerry Greenfield came of age during the 1960s, part of “a diaspora of baby boomers who converged on Burlington in search of euphoria”, according to Brad Edmondson’s history of the...
...For private equity groups like Vista, which rely on banks’ fundraising machinery to buy up bits of corporate America, rockier credit markets will cap the size of buyouts....
...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!...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...Boutique investment bank LionTree has hired Andrew Olinick, co-head of North America private equity at London-headquartered 3i, as a managing partner, per Bloomberg....
...Shares that once valued truckmaker Rivian higher than Volkswagen and luxury group Lucid above Ford have lost more than half of their value in the past six months, a decline that set in far before the Russian...
...Despite the recent choppiness of financial markets, 51 per cent of US equity fund managers out performed the stock market in January, according to Bank of America....
...So they won’t even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...A version of this article was first published by Nikkei Asia on November 29, 2021. ©2021 Nikkei Inc....
...So they won't even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
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