The British car manufacturer Jaguar Land Rover has announced that the next generation of its zero-emission cars would be manufactured at its plants in the UK. To implement this goal, it intends to invest about 1 billion pounds. The company is currently implementing a plan to prepare for the production in the country of the next generation of electric and hybrid models Jaguar. The company said that over the summer it would re-equip the factory in Castle Bromwich. The transition of automotive companies to the production of electric vehicles requires an increase in investment in this industry, and the UK is still experiencing difficulties in this direction. The British authorities set the task to fully switch to the production of cars with zero emissions by 2050.
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 ...
Oil prices dropped on Wednesday as the inventory build in U.S. industry data exceeded expectations, while coronavirus cases continue to surge in the United States, the world’s biggest oil consumer. The American Petroleum Institute reported ...
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 ...