Nothing is official yet. In February this year, a report hinted about a possible shift towards the automotive industry for Huawei. Currently the world’s largest telecom equipment maker, in April, the Chinese firm announced it will start selling the Seres SF5 crossover, and now it seems that Huawei wants to deepen its automotive affair. According to a new report, the firm is in talks with Chongqing Sokon to acquire a controlling stake in the Chongqing Jinkang New Energy Automobile. Reuters claims the information comes from “two people with direct knowledge of the matter said” though, obviously, it is not official yet. The Seres brand is considered one of the company’s main assets. Huawei's Shift In Business: Updated Seres SF5 Debuts As The First Car Sold By Huawei Huawei Getting Into The Auto Business, First EVs Coming 2021: Report Reuters said both companies refused the rumors with a Huawei spokesman saying "Huawei is not making cars." He also … [Read more...] about Huawei In Talks To Acquire Chinese Automaker: Report
Circumventing chinese capital controls
Formula 1 is a sport that arguably consumes money like no other on the planet. The sums involved are vast and, to be player, you have to have access to some serious cash. Fortunately – just like with thoroughbred horse racing's standing as the "sport of kings" – the prestige and status of F1 attracts some of the wealthiest people on the planet. So let’s take a look at them... As an entrée, just think about that Claro sticker on the rear wing of the Red Bull Racing car. Claro is the South American part of America Movil, a Forbes Global 2000 telecoms group that employs almost 200,000 staff and is headquartered in Mexico City – its reported revenues are north of $50 billion. Its chairman, Carlos Slim Helu, has a current net worth of $62.8 billion, according to Forbes – at the time of writing, he’s the world's 16 th richest man. He – along with son Carlos Slim Domit – has been the financial force behind driver Sergio Perez, who joined the team in 2021. His career has … [Read more...] about Who Are The Richest People In Formula 1?
Fortunately – just like with thoroughbred horse racing’s standing as the ‘sport of kings’ – the prestige and status of F1 attracts some of the wealthiest people on the planet. So let’s take a look at them... As an entrée, just think about that Claro sticker on the rear wing of the Red Bull Racing car. Claro is the South American part of America Movil, a Forbes Global 2000 telecoms group that employs almost 200,000 staff and is headquartered in Mexico City – its reported revenues are north of $50billion. Its chairman, Carlos Slim Helu, has a current net worth of $62.8billion, according to Forbes – at the time of writing, he’s the world’s 16th richest man. Red Bull Racing RB16B rear wing endplate Photo by: Mark Sutton / Motorsport Images He – along with son Carlos Slim Domit – has been the financial force behind driver Sergio Perez, who joined the team in 2021. His career has been intrinsically linked to the Slim family via their Telmex telecoms company, which … [Read more...] about Who are the richest people in Formula 1?
All will be revealed on May 12. Technically speaking, we've already seen the 2022 Volkswagen Tiguan . The refreshed SUV showed its updated face last summer , featuring a few styling cues borrowed from the current-generation Golf . The interior received quite a makeover as well, but that was all for the smaller five-passenger model that isn't offered in the States. We only get the long version known elsewhere as either the Tiguan L or Tiguan Allspace, and its debut is nigh. Not that we expect to see anything significantly different. In its new Tiguan Allspace teaser we see the same taillights, body lines, and rear gate from the shorter model. The profile is obviously a bit different, as the Allspace is stretched nearly nine inches to accommodate an optional third row of seats. The teaser tells us the Allspace offers up to 67.8 cubic feet of cargo space, and it also flat-out states the Tiguan Allspace "received the same treatment" as the smaller version that debuted last … [Read more...] about 2022 VW Tiguan Allspace Teaser Previews A Refreshed Seven-Seat SUV
Whether you like speed on two wheels or four, Honda gives you a good reason to celebrate. Few symbols in the automotive realm are as recognizable as the big red R that has adorned certain Honda and Acura models over the years. It’s hard to believe that the iconic Type R brand at Honda is now 25 years old, having first appeared on the NSX back in 1992. That same year, Honda also rocked the two-wheeled scene with the first CBR900RR Fireblade, so you might say the manufacturer has plenty of reason to celebrate performance for 2017. Update: Autonomous And Electric Honda Type R Is Here... For Your Lawn “The last 25 years has seen significant change socially, technologically and environmentally,” said David Hodgetts, managing director for Honda in the United Kingdom. “In 1992, there was no social media. The internet was in its infancy. Global warming was starting to raise its head. And the Shamen were top of the charts with Ebeneezer Goode.” Read also: … [Read more...] about Honda Celebrates 25 Years Of Type R And Fireblade Performance