Hints and tips:
...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....
...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...
...The relief was introduced in spring partly to offset a rise in corporation tax from 19 to 25 per cent and the ending of the more generous pandemic era “super-deduction”, which had been introduced in 2021...
...Other Japanese companies are also attracting attention for their property holdings....
...As a result, many of Germany’s largest corporations would be forced to cut their consumption, most likely by idling production....
...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”....
...Commended Latham & WatkinsO: 7; L: 7; I: 7; Total: 21The firm persuaded the Supreme Court to reject Chinese electronics manufacturer Luxshare’s request for discovery from its client ZF Automotive US, the...
...It means we have not just the lowest headline corporation tax rate in the G7 but its most generous capital allowances....
...Mr Sommer, the former head of supplier ZF who helped VW secure battery production for its electric vehicle ambitions, would leave “at his own request”, VW said on Monday....
...The Chinese government has gained “sovereignty over corporate data generated by US corporations”....
...Ayala Corporation will buy a 20 per cent stake in Mr Pun’s Singapore-listed Yoma Strategic Holdings and 20 per cent of Yangon-listed First Myanmar Investment, and will take a seat on each of the company’...
...It also added China National Offshore Oil Corporation and phone manufacturer Xiaomi to government blacklists....
...Chinese delivery group SF Holding, whose clients include Alibaba and Tencent, bought a majority stake in Hong Kong-listed Kerry Logistics, founded by Malaysian tycoon Robert Kuok....
...Smart reads About face Edward Kleinbard once helped multinational corporations find workarounds to paying their full share of taxes....
...One way this is expressed is through the longevity of holdings....
...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....
...Xiaomi Corporation SECTOR: TECHNOLOGY / HQ: BEIJING, CHINA Huawei’s horrible year has been a windfall for China’s other big smartphone maker....
...Basil El-Baz is founder, chairman and chief executive of Carbon Holdings...
...ZF-TRW was formed when Germany’s ZF Friedrichshafen bought US rival TRW Automotive for more than $11bn in a deal completed in 2015. Additional reporting by Kana Inagaki in Tokyo...
...Japan Display’s earnings warning comes as the display-maker is holding talks to receive investment from groups in China and Taiwan....
...The QR codes were quickly adopted by the Japanese automotive industry to help with tracking vehicles and components during the manufacturing process....
...State-owned carmakers such as First Auto Work and Beijing Automotive Industry Corporation, which used to lead the market through joint venture partnerships, have become too dependent on overseas partners...
...Everyone knows these are speculative, but are believable enough to keep holders holding and the shorts from building at this stage....
...Earlier in the year, Asahi Kasei agreed to buy US-based Sage Automotive Interiors for $1.1bn including debt, and Recruit Holdings clinched a $1.2bn deal for US job hunting service Glassdoor....
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