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The German manufacturer of luxury cars BMW announced its intention to invest about 1 billion euros in the construction of a new plant in the Hungarian city of Debrecen. At the plant, which will produce up to 150,000 cars a year, more than 1,000 jobs will be created. Chairman of the Board of Directors of BMW Harald Kruger said: “The decision to start the construction of a new plant is yet another confirmation of our desire for global growth. After substantial investment in China, Mexico and the United States, we are now strengthening our operations in Europe to meet the production balance sheet”. Sales of BMW in the European market in 2017 accounted for about 45% of global sales. In the first half of 2018, the concern increased sales in Europe by 1.2% in annual terms to more than 560 thousand cars.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
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