Hints and tips:
...In his new gig, Ubben became a prominent backer of Nikola Motors, a maker of hydrogen-powered trucks. But the deal was a disaster....
...It contributed almost 50 per cent of SoftBank’s $100bn Vision Fund in 2016, made a $3.5bn investment in Uber in 2016 and more than $1bn in electric-car maker Lucid Motors in 2018....
...“Everything happening” may include activist investor Elliott Management trying to oust him over his lack of focus....
...That is considerably more than the $19bn assessment for SoftBank-backed Cruise, the autonomous vehicle unit of General Motors....
...(FT) Chapter eleventh hour Intense, around-the-clock negotiations in the General Motors building saved Eddie Lampert’s plan to buy Sears out of bankruptcy....
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...Tracking stocks owe their origins to General Motors’ acquisition of the EDS IT services business from Ross Perot in 1984....
...However, ULA’s reliability record may be challenged by a significant looming upheaval facing its main rocket, the Atlas V....
...Todd Blecher, a spokesman for Boeing, said it had “never seriously entertained” the offer from Aerojet Rocketdyne, a supplier of rocket motors....
...So when Mr Loeb disclosed a new stake in Suzuki Motor earlier this week, the news alone was enough to boost the company’s shares to a record high....
...Ally, 74 per cent owned by the US Treasury, used to be known as GMAC, the financing arm of General Motors....
...The former financing arm of General Motors, Ally was rescued by the government in 2009 as part of a broader bailout of the US automotive industry....
...It worked for Chrysler and General Motors – better than most Detroit executives and bankruptcy lawyers predicted....
...Bankruptcy We discussed this at some length on Monday because it reminded us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...In a bankruptcy auction, Delphi’s lenders forgave more than $3.4bn in debt owned by several investment funds including Elliott Management and Silver Point Capital....
...The Platinum deal was supported by Delphi and General Motors, the parts maker’s biggest customer and former parent....
...The group is led by Elliott Associates, and includes Silver Point Capital and Monarch Capital, among others. The deadline for bids from outsiders is today....
...If growth in developed countries starts to look like a “U”, in emerging markets it already is a “V”....
...Delphi and its backers have accused a group of hedge funds of holding General Motors and the US government to ransom by challenging a deal to sell the bulk of the bankrupt parts maker’s assets to Platinum...
...For the first time in the trophy’s 23-year history, the sponsor is not related to the motor industry. It is Johnstone’s Paints, which has signed up for a three-year deal....
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