David Welch
Stories by David Welch
Japan’s Hitachi Metals mulls sale of US-based unit Waupaca Foundry
The Japanese steelmaker bought Waupaca in 2014 for about $1.3 billion.
T Rowe Price, SoftBank Vision Fund back GM Cruise’s $1.15b round
After its third major investment in the last year, GM Cruise is now valued at $19 billion. It had raised $2.25 billion from the Vision Fund and $2.75
Amazon leads $700m funding round for electric truck maker Rivian
As its e-commerce business and Prime fast-delivery service have grown, Amazon has sought out ways to boost its own delivery capacity and reduce relian
Musk considers taking Tesla private, valuing company at $82b
The announcement, made initially via Twitter, followed news that Saudi Arabia’s sovereign wealth fund had built a less than 5% stake in Tesla worth
Nissan, Renault in talks to merge, create new automaker
Getting a deal done could prove very difficult. The French government owns 15 per cent of Renault and may be reluctant to relinquish control.
Cab hailing: GM’s alliance with Lyft facing rockier road after Uber-Didi deal
General Motors Co. and Lyft Inc. are going to have a lot harder time wringing benefits from their newly minted partnership now that their biggest ride
