CYVN Holdings, an Abu Dhabi-based investment company, has finalized a deal to acquire McLaren’s sports car business from Bahrain’s sovereign wealth fund Mumtalakat Holding. The Abu Dhabi government said in a statement that the deal also gives CYVN a non-controlling stake in McLaren’s racing business. The two parties are reported to have signed the deal on November 9. The statement said the acquisition will enable CYVN to “redefine high-performance travel.” CYVN did not disclose the size of its investment in McLaren. CYVN said in a statement that the deal will give McLaren Automotive access to more funds, advanced engineering expertise and technology, especially in the field of electric vehicles. […]
According to Reuters, sources revealed that American electric vehicle manufacturer Tesla has begun to find the site selection in the Show Hall in New Delhi, India, indicating that Tesla is re -considered entering the Indian market. Sources said that at present, Tesla is negotiating with DLF, the largest real estate developer in India to help Tesla get room for opening the exhibition hall in the Indian capital area. Sources said that it is not certain whether Tesla will reach an agreement with DLF, and Tesla is currently negotiating with other companies. It […]
On December 11, Mainland Group issued a statement saying that the chairman of the Supervisory Board has agreed to the 52 -year -old Olaf Schick in advance to resign from the position of the chief financial officer and the requests of the members of the Integrity and Law Executive Committee, and the request will start from September 30 next year. Effective. The Mainland Group Supervisory Board is expected to formally approve the request at the meeting on December 18 this year and will timely decide the successor of Olaf Schick. At the same time, Mercedes-Benz will hire Olaf Schick to […]
According to foreign media reports, Cyvn Holdings, an investment company headquartered in Abu Dhabi, has finalized a transaction to acquire McLaren’s sports car business in the hands of the Barin Mumtalakat Holding. The Abu Dhabi government stated in a statement that the transaction also enabled Cyvn to obtain non -controlling shares of the McLaren Racing business. It is reported that the two sides have signed the transaction on November 9. The statement states that the acquisition will enable Cyvn to “redefine high -performance travel.” Cyvn did not disclose the investment scale of McLaren. […]
Before the fourth round of negotiations began, ARNE Meiswinkel, the chief negotiator of Volkswagen Group, said, “We need to continue to reduce costs and reduce production capacity.” After more than 7 hours of negotiations, Arne Meiswinkel said: “Obviously, after passing, after passing, after passing Today’s negotiations are far from the solution. The German Metal Ig Metall Chief Negotiation representative, Thorsten Groeger, said that this is the first time that Volkswagen Group and Trade Unions have negotiated under the “constructive atmosphere”. The next round of negotiations are planned to be held on December 16. Before the […]
According to Bloomberg, Diego Camargo, CEO of the BMW Group Mexico, predicts that due to the weak exchange rate of “Biso exchanged for the US dollar”, and due to the potential tariff measures of the next President Donald Trump or exacerbating trade tensions, the Mexican economy Growth or slowing down, the growth of car sales in Mexico next year may face a weak trend. Diego Camargo said in a telephone interview that Mexico’s total sales of new cars this year may achieve double -digit growth, but the total sales of new cars in Mexico may not change […]