Polestar appoints new leader for China, Asia Pacific
Polestar said its current China president, Gao Hong, is leaving for personal reasons
Polestar named Nathan Forshaw head of operations in China and Asia Pacific this month.
Polestar, the electric performance brand owned by Volvo Car and its Chinese parent, Zhejiang Geely Holding Group, named Nathan Forshaw head of operations in China and Asia Pacific.
The appointment, effective April 1, will strengthen the collaboration between Polestar Asia Pacific and its global headquarters, and accelerate Polestar s development in the Asia Pacific market, the company said.
Polestar also announced this week plans to expand its Asia Pacific market footprint beyond China to include South Korea, Singapore, Hong Kong, Australia and New Zealand, beginning later this year.
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app instead?
To secure funds for its turnaround efforts after a record annual loss.
By Christoph Rauwald, Ruth David and Geraldine Amiel, Bloomberg
13 Mar 2021 00:53
Image: Alex Kraus/Bloomberg
Renault SA plans to sell shares in Daimler AG worth about 1.2 billion euros ($1.4 billion) to secure funds for its turnaround efforts after a record annual loss.
The French carmaker will exit its entire holding in Daimler, a roughly 1.5% stake, according to a statement Thursday. Renault already has enough demand for all the stock, according to people familiar with the matter, who asked not to be identified because the information is private.
Renault to sell $1.4 billion Daimler stake to reduce debt PUBLISHED BY
Groupe Renault announced Thursday it would sell its 16.45 million stake in Germany’s
Daimler AG in order to secure funds for its turnaround efforts after a record annual loss.
In an official statement issued late last night, the Renault Groupe said: “Renault SA announces today that it intends to sell its entire stake in Daimler A.G (i.e. 16,448,378 shares, representing 1.54% of the share capital of Daimler) through a placement to qualified investors, as defined in Article 2 point (e) of Regulation (EU) 2017/1129 as amended, by way of an accelerated bookbuilding process.”
(Bloomberg) Talk about nosedives.
Hopes for the flying car soared in January, when one manufacturer, Woburn, Massachusetts-based Terrafugia, attained a long-awaited industry first: a Federal Aviation Authority airworthiness certificate for its Transition, a “roadable aircraft” a winged, gas-powered, wheeled vehicle that can be both driven and flown. Suddenly the aerial sedan, first popularized in the 1960s cartoon The Jetsons, needed only U.S. Department of Transportation approval before it could be let loose on America’s highways and flyways. Terrafugia hailed a “major accomplishment.” Champagne corks flew.
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