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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Twitter confirmed the sale to Musk in a statement on Monday. billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction. “Twitter, Inc. Musk has secured $25.5

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Retail sales rise 27% to 2.20 million vehicles in April 2024 | Autocar Professional

Baua Electric

The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. The key growth drivers for sales last month are the favourable market sentiment driven by stable fuel prices, positive monsoon outlook by the IMD, festive demand and the marriage season. million units).

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Retail sales rise 27% to 2.12 million vehicles in April 2024 | Autocar Professional

Baua Electric

The Federation of Automobile Dealers Associations (FADA) today released April 2024 vehicle retail sales numbers for India Auto Inc. The key growth drivers for sales last month are the favourable market sentiment driven by stable fuel prices, positive monsoon outlook by the IMD, festive demand and the marriage season. million units).

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

—Bram Schot, Board Member for Sales and Marketing at Audi AG. It has the objectives of tapping into new revenue sources, improving cost structures and accelerating the corporate transformation with regard to new business models. —Alexander Seitz, Member of the Board of Management for Finance at Audi AG.

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Faraday Future forced to delay deliveries, scrambles for cash

Teslarati

Highlighted in Faraday Future’s most recent announcement, the delivery of its first vehicle is contingent on a couple of factors outside of corporate financing. Foremost, the vehicle has yet to complete crash testing in the United States, making it ineligible for sale.

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AutoCanada says used-vehicle area has ‘wide-open runway’ to develop

Baua Electric

isn’t getting out of the new-vehicle industry, however the dealership staff that owns 83 franchised retail outlets in Canada and the USA is leaning at the older aspect of its operation to develop gross sales and grant a hedge in opposition to ongoing turbulence within the new-car marketplace. In 2018, the corporate offered 0.62

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Volvo Cars raises US$533M via issuance of preference shares to Swedish investors

Green Car Congress

Volvo Cars has raised SEK5 billion (US$533 million) from the sale of newly-issued preference shares to a group of Swedish institutional investors. The detailed terms of the sale have not been disclosed, but the transaction will have an immaterial dilutive effect on the current 100% ownership of Volvo Cars by Zhejiang Geely Holdings.

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