Edward Taylor
Stories by Edward Taylor
Payments company Wirecard files for insolvency, owes $4 billion to creditors
Wirecard’s implosion came just seven days after EY, its auditor for more than a decade, refused to sign off on the 2019 accounts.
Volkswagen said to be in final talks to seal biggest M&A deals in China’s EV sector
It is set to buy 50 per cent stake in Anhui Jianghuai Automobile Group Holding for about $491 million.
China’s BAIC said to be willing to increase Daimler stake
BAIC Group had built up a 5% stake in the German luxury car manufacturer in July.
Thyssenkrupp-Tata Steel JV set to encounter strong opposition in Europe
The two companies last year struck a deal to combine their European steel units to create the continent's second-largest steelmaker after ArcelorMitta
HERE partners Navinfo to offer mapping services in China
It will offer routing and navigation services, as well as map display and positioning services in the world's largest passenger car market.
Chinese EV maker Byton said to explore IPO route to fund expansion plans
Before this, Byton will seek another round of fundraising from private investors prior to starting production of its vehicle.
Germany’s Daimler to set up ride-hailing JV with Geely in China
The deal creates a new competitor to Didi Chuxing, which currently dominates a Chinese ride-hailing market.
China’s Geely said to have bought stake in Germany’s Daimler
The size of the stake remains unclear but is likely to be below 3%.
Chinese PE Fountain Vest to buy Bosch Mahle Turbo Systems
Fountain Vest plans to invest and expand the turbos business.
Thyssenkrupp CEO keen on merger deal with India’s Tata steel before Sept-end
Thyssenkrupp and Tata Steel have been in talks for two years.
