Tagged: Stake

Porsche Takes 10 Percent Stake in Rimac

To bolster its EV strategy, Porsche is taking a 10 percent stake in Rimac, the Croatian technology and electric sports car company. “We feel that Rimac’s ideas and approaches are extremely promising, which is why...

Geely Purchases Majority Stake in Lotus

Chinese conglomerate Geely will purchase 51 percent of Lotus in a deal that promises to accelerate the growth of the U.K. sports-car maker. Geely is also buying a 49.9 percent stake in Proton, Lotus’ struggling parent...

Rich Investors Planning To Increase ETF Stake

Call it a sign of the mainstreaming of exchange traded funds: Affluent investors are homing in on these products to grow their portfolios. More than 43% of nearly 600 investors who responded to a June...