Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

Malaysia’s Sime Darby seeks to expand car retail business into India, Indonesia – CEO

A logo of Sime Darby is seen at its car showroom in Petaling Jaya, Malaysia November 30, 2023. REUTERS/Hasnoor Hussain/File Photo Acquire Licensing Rights KUALA LUMPUR/SINGAPORE, Nov 30 (Reuters) – Sime Darby (SIME.KL), Malaysia’s industrial and automotive conglomerate, is looking to set up a luxury car retail business in India and expand in Indonesia to … Read more

UK petrol station group EG to buy Tesla charging units

UK petrol station group EG to buy Tesla charging units

A Tesla electric charging point stands unused in a car park, as Britain will ban the sale of new petrol and diesel cars and vans from 2030, five years earlier than previously planned, in London, Britain, November 18, 2020. REUTERS/Simon Dawson/File Photo Acquire Licensing Rights LONDON, Nov 13 (Reuters) – British petrol station operator EG … Read more

Low-cost EV maker e.GO eyes European, US expansion

Low-cost EV maker e.GO eyes European, US expansion

The first e.GO Life electric cars of e.GO Mobile AG are parked in front of the headquarters of the German e-car start-up during kick-off for the production of 30,000 yearly units in Aachen, Germany, May 9, 2019. REUTERS/Wolfgang Rattay/File photo Acquire Licensing Rights LONDON, Oct 20 (Reuters) – German electric vehicle maker Next.e.GO Mobile plans … Read more

Ford, UAW leaders spar as auto strike costs rise

Ford, UAW leaders spar as auto strike costs rise

[1/5]Bill Ford, executive chairman of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, U.S. October 16, 2023. Jeff Kowalsky/Ford Motor Co./Handout via REUTERS. Acquire Licensing Rights DEARBORN, Michigan, Oct 16 (Reuters) – Ford (F.N) executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike … Read more

For retail investors, jumping on Arm’s blockbuster IPO is a risky business

For retail investors, jumping on Arm’s blockbuster IPO is a risky business

Sept 11 (Reuters) – Retail traders getting their first bite at Arm Holdings’ highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm’s goal of raising around $5 billion in New York in what might be the biggest … Read more