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...ZF is in a particularly difficult position, as acquisitions of tech-focused rivals TRW in 2015 and Wabco in 2020 have left it with high debt levels....
...He has also shifted the Japanese group to a holding company structure to instil financial discipline and facilitate faster decision-making....
...Ford and Audi have agreed to join F1 from 2026, key endorsements from the automotive industry, and new races in Miami and Las Vegas illustrate the potential for growth in the US....
...German automotive supplier ZF, which is building a chip factory in the western region of Saarland with US group Wolfspeed, said it was worried about the consequences for Germany as a place to do business...
...US chipmaker Wolfspeed and ZF, a German automotive supplier, announced in February they were teaming up to build a chip plant in the west German state of Saarland....
...Ploss, whose customers include tier 1 auto suppliers Bosch, Continental and ZF, said the car industry could not expect chipmakers such as Infineon to “take all the risk of holding the inventory”....
...Musk also seems to have believed that he could treat his Tesla stock holdings like a piggy bank....
...plans to list one of Britain’s most successful tech companies in New York after a $66bn sale to Nvidia fell through, in a move that has sparked a political and corporate battle over the future home of Arm Holdings...
...“I have a couple of clients in automotive who are financially distressed: in earlier days they would have gone bankrupt but . . . customers are giving them cash injections.”...
...That could leave any one of these vendors holding the bag, should Wu Capital’s many small trades move the overall market quickly....
...Yoma’s businesses in Myanmar include real estate, financial services, the automotive sector and the local franchise for US fast-food chain KFC....
...For Panasonic, holding on to gains means holding on to Tesla. Our popular newsletter for premium subscribers Best of Lex is published twice weekly. Please sign up here...
...To break that downward spiral, he announced plans to shift the group to a holding company structure under new chief executive and current head of automotive business Yuki Kusumi....
...Shares in Renesas, one of the world’s largest suppliers of automotive chips, fell as much as 6.9 per cent on Monday on concerns about its stretched balance sheet after a $10bn buying spree during the past...
...In announcing the shift to a holding company, Mr Tsuga resurrected car batteries as a “core” by rebranding it as an “energy business”....
...Greenbushes is 49 per cent held by Albemarle Corp of the US....
...Here’s how this deal works: Churchill Capital Corp III raised $1.1bn in February in a public listing....
...Copper, who joins from RBC Capital Markets, will work with the industrials team, focusing on deals in the automotive sector....
...The German automotive industry — including partsmakers such as ZF, which has 40 plants in China — generates about €600m in sales per working day from China, according to Ferdinand Dudenhöffer, a professor...
...Executives with the German group touted the shift as part of its $13.3bn acquisition of US rival TRW Automotive in 2015....
...Even if no more investors came in, the groups would still be able to complete the acquisition, the people said; the risk is only that they would end up holding more of the business than planned....
...The two Japanese groups said they will co-invest in the Amsterdam-based Here through their newly established joint holding company in the Netherlands....
...It would open up new opportunities to sell to Altran’s clients in the aerospace, automotive, defence and energy sectors, among others....
...In April, Omron sold its automotive electronics business to Nidec for ¥100bn to focus on its healthcare and factory automation businesses....
...“The erosion in Ford’s performance has occurred during a period in which global automotive conditions have been fairly healthy,” Moody’s said....
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