Landmark Cars, TPG-backed auto retailer, files for Rs 800 crore public offering

Landmark Cars, TPG-backed auto retailer, files for Rs 800 crore public offering

Car dealership chain Landmark Cars Ltd. plans to file a red herring draft in the coming weeks to raise more than 800 crore through an initial public offering, people familiar with the company’s plan said. They said Axis Capital and ICICI Securities have been appointed as lead managers for the proposed issue. Landmark Vehicles backed … Read more

Mercedes-Benz to make its own electric motors from 2024: report

Mercedes-Benz to make its own electric motors from 2024: report

Mercedes-Benz is said to be making powertrains for its electric cars from 2024, and Mercedes-Benz recently unveiled its Vision EQXX electric car. by HT Auto Office | Update in: January 15, 2022, 04:46 pm File image used for representative purpose. (Reuters) Mercedes-Benz is serious about its electrification goals, and therefore is now aiming to produce … Read more

German carmakers battle winner – as transition to electrification brings new challenges | Business News

German carmakers battle winner – as transition to electrification brings new challenges |  Business News

The German auto industry is arguably the most competitive in the world. The largest car producer in Europe and the third largest in the world is home to three of the world’s 10 largest car manufacturers by sales – Volkswagen, BMW and Daimler. Despite recent cooperation in some areas and a €875m (£730m) fine that … Read more

Maserati to enter the Formula E Championship in 2023

Maserati to enter the Formula E Championship in 2023

Italian luxury sports car maker Maserati has decided to enter the Formula E championship, the only motorsport platform where electric cars are used. Maserati plans to compete in Formula E from 2023 as the first Italian brand. The Italian brand announced on Monday that it will make its grid debut from Season 9 with its … Read more

Porsche spent $113 million to ditch Volkswagen’s pioneering electric vehicle technology

Porsche spent 3 million to ditch Volkswagen’s pioneering electric vehicle technology

Photo: Thomas Kinzel (Getty Images) Volkswagen employees receive a big check from their friends at Porsche, Tesla is investing in nickel mining in the United States, and the powerful car has landed in South Korea. All that and more in the Tuesday issue of morning shift On January 11, 2022. First gear: changing hands The … Read more