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BUSINESS

Volvo Cars Announces IPO Plan That Could Value It at $25 Billion

Business, Published on 06/10/2021

» Volvo Cars, the Swedish auto maker owned by China's Zhejiang Geely Holding Group, said Monday it would proceed with an initial public offering in Stockholm, in a deal that people familiar with the matter say could value it at upward of $25 billion.

BUSINESS

Musk Says He Once Approached Apple CEO About Buying Tesla

Business, Published on 24/12/2020

» Tesla Inc.'s effort to bring out its Model 3 brought the electric car company near collapse in 2018. Now Chief Executive Elon Musk has divulged a new twist: He says he contacted his Apple Inc. counterpart, Tim Cook, to save his company.

BUSINESS

Beijing auto show opens in world's largest market

AFP, Published on 25/04/2018

» BEIJING: Global carmakers will take the stage in Beijing on Wednesday with new car models to woo the world's largest auto market as China promises to liberalise the industry.