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...Nassef Sawiris is considering a radical overhaul of his chemicals and fertiliser empire that could include further breaking up his main holding and offloading its parts, after $7bn in asset sales over the...
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...RedBird IMI, the vehicle backed by IMI, short-circuited this sales process by offering the family money to pay the Lloyds loan back in full....
...Ford is cutting production of its F-150 Lightning electric pick-up truck as it predicts slower EV sales growth this year....
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...Sales grew by 55 per cent between January 2022 and January 2023....
...European lawmakers have agreed to in effect ban EU sales of almost all new diesel trucks by 2040 as part of the bloc’s fight against climate change....
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...“I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!”...
...The layoff comes as electric vehicle sales are selling at a slower rate in the US, even as the total number of sales continues to climb....
...Scania, which is wholly owned by Volkswagen, forecasts that 10 per cent of the 50,000 e-trucks sales it expects to sell annually by 2030 will be to Juna, which is planning to have 100 trucks in its fleet...
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...David and Victoria Beckham more than doubled revenue from their business empire last year thanks to the former footballer’s Netflix and Amazon deals and tie-ups with other brands....
...As first proposed, the rule would have in effect forced carmakers to make 67 per cent of their US models electric by 2032, up from less than 8 per cent of total sales last year....
...The layoff comes as electric vehicles are selling at a slower rate in the US, even as the total number of sales continues to climb....
...Your default choice would typically be to run a “dual track” process exploring a public listing alongside a sale — and then select whichever exit path will maximise your financial return....
...His decision was to become an almost full-time supporter of the arts after the sale of his successful call-centre business Webhelp (which, he believed, was anyway “threatened by AI”)....
...Aside from ammunition — for which Rheinmetall last year signed multiyear contracts with the Bundeswehr worth €4.6bn as well as with Ukraine for €1.7bn — the company also sold combat vehicles, military trucks...
...Here is what the ruling means, if upheld, for the billionaire and his empire. Why was the pay deal so generous?...
...The sale of roughly $2bn in car parts maker Denso might look underwhelming at first glance. But it follows another smaller sale and could presage something far bigger....
...Administrators at René Benko’s collapsed European property empire are seeking €350mn from investors to forestall a painful fire sale of assets in the coming weeks....
...because of weaker sales....
...Creditors to the two biggest companies in René Benko’s property empire will receive just €2.5bn back, from more €15bn of claims, according to a five-year windup plan approved on Monday....
...An educational technology empire rapidly assembled by Byju’s during a pandemic funding boom is now set to be dismantled, as what was once India’s most valuable start-up looks to asset disposals to settle...
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