June, 2021

• 12 June

  Lamborghini almost sold out of production for 2021

  

  Bloomberg Lamborghini said it’s almost sold out for the year as an easing pandemic unleashes a free-spending attitude among consumers confined to their homes for months. The Italian supercar brand is set for “strong growth” in 2021 and has sold about 10 months of its production capacity, Chief Executive Officer Stephan Winkelmann said in an interview at the Milano Monza …

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• 12 June

  VW charged with deceit over diesel emissions

  

  Bloomberg French investigators said Volkswagen AG has been charged in a fresh crackdown on alleged deception over diesel emissions that’s also embroiled rival Renault SA. VW was charged on May 6 and must now make a 10 million-euro bail payment and provide a 60 million-euro bank guarantee, an official at the Paris prosecutor’s office said in a statement. The announcement …

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• 12 June

  Apple hires ex-BMW executive for its rebooted car project

  

  Bloomberg Apple Inc has hired Ulrich Kranz, a former senior executive at BMW AG’s electric car division, to help lead its own vehicle efforts. The technology giant hired Kranz, about a month after he stepped down as chief executive officer of Canoo Inc, a developer of self-driving electric vehicles. Before co-founding Canoo, Kranz was senior vice president of the group …

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• 10 June

  Biden needs more than $52b for chip effort to counter China

  

  Bloomberg President Joe Biden’s blueprint for the US semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and preempt a rival effort from China. The White House outlined a sweeping plan to secure the conduits for critical …

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• 8 June

  Thai oil giant invests in plant protein to power new growth

  

  Bloomberg Thailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plant-based protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses. The oil-and-gas giant formed a 300 million baht ($9.6 million) partnership with NR Instant Produce Pcl, which specialises in making protein from jackfruit, …

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• 8 June

  Apollo Global to buy Total Operations

  

  Bloomberg Apollo Global Management Inc has agreed to buy a majority interest in gas transportation company Total Operations and Production Services LLC. The private equity firm has reached a deal with current owner Black Bay Energy Capital to take a majority stake in the company, Apollo said in a statement. The deal values the company, known as TOPS, at less …

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• 8 June

  Reopening more international travel will be ‘challenging’: UK

  

  Bloomberg Reopening more international travel routes from the UK will be “challenging” because the country must do everything it can to protect itself from new coronavirus variants, Health Secretary Matt Hancock said. Britain last week tightened restrictions on overseas travel, removing Portugal from its so-called green list in a major blow to the airline industry. Restoring travel in the medium-term …

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• 8 June

  Airbus inches closer to recovery from pandemic

  

  Bloomberg Airbus SE inched closer to a recovery from the coronavirus pandemic after increasing the number of jetliner deliveries to 50 last month. The European planemaker accelerated production with five more planes handed over than in April, according to a statement that confirmed an earlier Bloomberg report. Airbus is plotting a way out of the Covid-19 crisis even as a …

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• 8 June

  KKR nears deal to buy Macquarie Infrastructure’s Atlantic Aviation

  

  Bloomberg Buyout firm KKR & Co is close to reaching an agreement to buy Atlantic Aviation from Macquarie Infrastructure Corp, according to people familiar with the matter. The deal could value the airport services company at about $4.5 billion, including debt, said the people, who asked not to be identified because the matter was private. A sale was expected to …

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• 8 June

  Fashion retailer About You, holders seek $1.1b in IPO

  

  Bloomberg E-commerce fashion retailer About You AG and its shareholders are seeking as much as 941 million euros ($1.1 billion) in a Frankfurt initial public offering, betting that demand for its party outfits will ramp up as night life unlocks. Shares are being marketed at 21 euros to 26 euros apiece through June 14, with the new stock set to …

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