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Next month, German carmaker Daimler may conclude an agreement on the sale of 50% of Smart, the division of Chinese Geely, which became Daimler’s majority shareholder last year. This was reported by sources familiar with the situation. The Smart division of the German automaker is unprofitable. Its sales per year are about 130 thousand cars. For comparison, a subsidiary of Mercedes-Benz, part of the Daimler group, sells about 2 million 250 thousand cars a year. Earlier it was reported that Geely and Daimler decided to create a joint venture in China, which will provide car sharing services.
Asian stocks saw its biggest sell off in eight sessions on Thursday as the rise in COVID-19 cases and the lowering of economic forecasts by the International Monetary Fund dented confidence in a recovery. However, bonds saw some gains, while ...
SoftBank Group Corp. (9984.T) announced on Monday that it would sell up to 198 Million shares of the U.S. wireless carrier T-Mobile U.S. Inc. (TMUS.O) worth $21 billion. The telecom company revealed a series of transactions to seek funds for ...
SoftBank Group Corp. (SFTBY) announced on Thursday morning that it plans to sell 5% of its stake in SoftBank Corp., a separately listed Japanese wireless mobile company. The move would raise 310.2 billion Yen ($2.9 billion) through securities ...
Korean Air Co. Ltd. (003490.KS), South Korea’s largest airline and flag carrier, plans to sell new shares worth 1 trillion Won ($817 Million) in its biggest rights issue in 20 years. The company came up with self-rescue measures on Wednesday ...
Virgin Group’s founder Richard Branson stated on Monday that it would sell $25 Million worth of Virgin Galactic shares to raise funds for the space tourism company as the pandemic threatens to cripple his business empire. “Virgin ...
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