Month: August 2022

Porsche is trying to secure anchor investments from some of the largest Middle Eastern sovereign wealth funds, as the sports-car maker looks to pull off one of Europe’s biggest listings amid market headwinds and valuation concerns, people familiar with the matter said. Abu Dhabi’s Mubadala Investment Co. and ADQ are among those considering committing funds
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Car dealer Pendragon said on Friday talks over a potential takeover of the company were terminated after the bidder withdrew its interest, as one of the company’s five major shareholders did not participate. The company did not disclose the identity of the bidder, who was looking to offer about 460 million pounds ($558.35 million) for
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7:57 PM ET Associated Press NASHVILLE, Tenn. — Scott McLaughlin won the second pole of his IndyCar career and Romain Grosjean and Christian Lundgaard earned their highest starting spots of the season in rain-delayed qualifying for the Music City Grand Prix. McLaughlin won the pole on a flying final run around the 11-turn, 2.1-mile course
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Robert Brockman, the former CEO of dealership management system giant Reynolds and Reynolds Co. who built a multibillion-dollar fortune as a software entrepreneur before he was indicted in a landmark tax-evasion case, has died. He was 81. Brockman, who was suffering from dementia and undergoing home hospice care, died late Friday, said Kathy Keneally, his
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Uber Freight outlined a broad vision of how robotic trucking will work, noting human drivers will continue to play a significant but changing role in cargo hauling. The division said in a Thursday blog post and accompanying white paper that autonomous trucking represents a solution to the persistent professional driver shortage and other supply chain
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