Tag Archives: AUDI AG

F1 – Qatar Investment Authority Buys Into Sauber

Posted on 29 November 2024 by Ken Zino

QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with institutions around the world “to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.” It is the subject of controversies, including its dealings with Russia, embezzlement charges of former executives, it’s ownership of Heathrow airport, the PGA tournaments, the football World Cup, among others. Continue reading →

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VW Group – €2.6 Billion Exposure Over EV Plant Closing

Posted on 10 July 2024 by Ken Zino

In an ad hoc release late yesterday, the Volkswagen Group slashed its annual financial results forecast over the costs of the potential shutting down of an Audi EV plant in Brussels. In total, this will lead to a “burden on the operating result of up to €2.6 billion in the 2024 financial year.” Continue reading →

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