Industrials

RECARO Automotive, a legendary name in high-performance car seats, is accelerating into the future with a renewed focus on innovation, quality, and global expansion. After a challenging period that saw the brand enter self-administration in 2024, RECARO has emerged stronger, thanks to a strategic investment from Italy’s Proma Group. This partnership marks a critical turning point, blending German engineering with Italian craftsmanship

British luxury carmaker Aston Martin Lagonda Global Holdings PLC is set to receive a significant financial boost of over £125 million (approximately $162 million) to address mounting financial pressure, according to multiple media reports on Monday. The lion’s share of the new funding comes from Executive Chairman Lawrence Stroll, whose Yew Tree Consortium will purchase 75 million shares at 70 pence each,

Chinese electric vehicle (EV) giant BYD has secured a substantial $5.6 billion (HK$43.5 billion) through a share placement in Hong Kong, marking the city’s largest such offering in nearly four years. Despite the significant capital raise, BYD’s shares experienced a temporary downturn.   According to a stock exchange filing, BYD sold 129.8 million shares at HK$335.20 each. Notably, the United Arab Emirates-based

Troubled electric vehicle manufacturer Nikola Corporation has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware after failing to secure a buyer or raise additional funds to sustain its operations. The Arizona-based company plans to maintain some direct service activities and continue fueling operations until March 2025, after which it will need external assistance to

Porsche shares tumbled by as much as 8% on Friday (Feb.7), marking the biggest drop among European firms and its worst single-day decline since its much-hyped 2022 IPO on the Frankfurt Stock Exchange. The sharp decline followed a warning from the German luxury automaker that rising costs—especially for new model rollouts and battery-related investments—would significantly impact 2025 profits. Late Thursday, Porsche stunned

Porsche CEO Oliver Blume told Frankfurter Allgemeine Zeitung (FAZ) on Friday (June 24)the German automotive company is still planning to go ahead with its initial public offering (IPO) despite the challenging economic conditions and uncertainties over the conflict in Ukraine. “In the past, we were robust and financially strong in every crisis,” Blume was quoted as saying. In February, Porsche and its