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...The Indiana plant will be funded out of a $22bn investment in the US that was announced by the SK Group conglomerate’s chair Chey Tae-won during a public conference call with President Biden in 2022....
...The group’s progress in the US is part of a wider global push, targeting the European, Indian and south-east Asian markets after a collapse of its sales in China over the past decade....
...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....
...Last month, Chey Tae-won, chair of SK Hynix parent SK Group, held a virtual meeting with the US president to announce $22bn in semiconductor, electric vehicle battery and green technology investments in...
...Musk is now reviving the debate about Delaware and the power its courts wield over corporate America....
...US start-ups QuantumScape and Solid Power, partners of Volkswagen and BMW, respectively, have similar commercialisation target dates for their own technologies....
...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...
...Under founder Robin Zeng, it has carved out about 37 per cent of the global electric vehicle battery market, supplying brands from Tesla and BMW to Volkswagen and Ford....
...In the US, Redwood Materials is building closed loop partnerships with Volkswagen, Ford, Volvo and Toyota....
...to Bob “Chip” Roberts IV and Bill “Scooter” Williams V....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...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....
...Partners Capital has promoted Rich Scarinci to head of North America. He joined from Blackstone Alternative Asset Management in 2016....
...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....
...of North America....
...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....
...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...
...Both platforms have built loyal audiences in Europe, Latin America, and south-east Asia....
...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....
...Davy stockbrokers saw that deal in the context of a wider buying spree by private equity in the UK support services sector....
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