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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....
...Partners founder Blair Effron; and Brad Karp, chair of US corporate law firm Paul Weiss....
...Legal hammer Oil supermajor ExxonMobil’s case against two climate activist groups has grabbed the attention of corporate America, the FT reports....
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...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...
...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....
...In recent years, loose credit requirements have allowed opportunistic groups of lenders to seize collateral from “first-lien” debtholders. These transactions are known as “uptiering” or “dropdowns”....
...A group of asset owners led by pensions scheme Railpen last year launched the Investor Coalition for Equal Votes to campaign against dual-class shares....
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...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....
...This is about a very small subset of women who can go to a plaintiffs’ law firm and say, ‘Look, my target is a billionaire.’” V....
...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...
...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!...
...Weiss, who would not be drawn on a possible float, said shareholders Virgin Group and Delta had shown “unwavering support” during the crisis. “They do not have to finance Virgin Atlantic....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...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...
...High rates of vaccine hesitancy undermine potential benefits from the splashy rollout of the Sputnik V vaccine (over whose efficacy doubts linger)....
...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....
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