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...said Ashely Teasdel, South Carolina’s deputy secretary of commerce, of Volkswagen’s $2bn plan to build an electric vehicle plant in the state’s central region....
...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....
...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...
...“We are going to have a ‘world is not flat’ moment, when asset managers are going to realise we are not prepared to help people draw down,” said Bill Meyer, CEO of Retiree Inc, a retirement planning software...
...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....
...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....
...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....
...What else we’re reading Wagner Inc: a Russian warlord and his lawyers As founder of the private mercenary operation known as the Wagner Group, which offers muscle to dictators and has waged war in the Middle...
...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...
...Michael Bloomberg, founder of the eponymous financial data group, described the ruling as “the worst attack on the rights of American women in generations”, while Danny Meyer, the restaurateur behind Union...
...Bank of America has appointed Roman Meyer to the newly created role of head of strategic equity solutions for Europe, the Middle East and Africa, based in London....
...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....
...America....
...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...
...investigation into the collapse of the German payments group....
...This is not just a recent phenomenon: Adam quotes Mark Jones, former director of London’s V&A, on Richard Wallace (1818-90), founder of the Wallace Collection, who “was an outsider, because of being illegitimate...
...So they won’t even leave the factory type of thing. Whereas in America, people are trying to avoid going to work at all....
...Where there’s a lot of disagreement is about what happens next year, so most economists see Brazil’s V turning into a W next year with a fresh recession coming up....
...A version of this article was first published by Nikkei Asia on November 29, 2021. ©2021 Nikkei Inc....
...EVgo is going up against companies such as Electrify America, a subsidiary of Volkswagen whose $2bn, 10-year investment plan was funded by a legal settlement over the German carmaker’s diesel emissions scandal...
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