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Tag: stake

GM takes a stake in electric boating start-up Pure Watercraft

GM takes a stake in electric boating start-up Pure Watercraft

Normal Motors, which has billed by itself as “all in on electrification” this yr, has obtained a 25% stake in Pure Watercraft, a Seattle start-up that helps make electrical outboard motors for boats, the corporations told CNBC. Pure Watercraft motors use lithium ion batteries and switch …
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Ford’s stake in EV truck start-up Rivian is worth more than $10 billion in first day of trading

Ford’s stake in EV truck start-up Rivian is worth more than $10 billion in first day of trading

Rivian electrical trucks are viewed parked around the Nasdaq MarketSite setting up in Instances Sq. on November 10, 2021 in New York City. Michael M. Santiago | Getty Pictures A main winner following electric powered car or truck start-up Rivian Automotive’s blowout IPO on Wednesday is …
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Amazon disclosure reveals 20% stake in Rivian as IPO approaches

Amazon disclosure reveals 20% stake in Rivian as IPO approaches

Amazon.com owns a 20% stake in electric-car maker Rivian, the startup with which it has placed an get for 100,000 battery-driven delivery vans, the e-commerce large disclosed Friday in a securities filing. As of Sept. 30, Amazon held fairness investments “including most popular stock of Rivian …
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Amazon reveals 20% stake in electric vehicle maker Rivian

Amazon reveals 20% stake in electric vehicle maker Rivian

An electric Amazon shipping and delivery van from Rivian cruises down the street with the Hollywood indicator in the qualifications. Amazon Amazon on Friday declared a sizable stake in Rivian Automotive, a start out-up producing electrical automobiles, like the retail giant’s industrial shipping and delivery vans. …
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JPMorgan to buy majority stake in Volkswagen payments unit

JPMorgan to buy majority stake in Volkswagen payments unit

The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Photographs JPMorgan reported Wednesday it plans to acquire a vast majority stake of shut to 75% in Volkswagen’s …
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