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07.11.26 - 09:01
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China′s EV safety push gives foreign brands from Tesla to GM an opening for a comeback (SCMP)
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International brands have become unlikely beneficiaries of Beijing's clampdown on so-called rapidly developed vehicles as they step up efforts to convince Chinese consumers of their cars' quality and reliability.
About 10 foreign carmakers from Tesla to General Motors (GM) were not only displaying their latest electric vehicle (EV) technologies at the China International Import Expo (CIIE), but also using the event to highlight their strengths as they continued to lose market share to Chinese......
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04.11.26 - 10:24
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Liverpool owner FSG holds talks over buying majority stake in Cadillac F1 team (The Guardian)
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Deal would be worth more than £2bnCadillac are jointly owned by Mark WalterLiverpool's owner, Fenway Sports Group, has held talks about buying a majority stake in the Cadillac Formula One team for more than £2bn as Mark Walter continues to sell off his sporting assets amid allegations of insurance fraud.Cadillac entered F1 this year as a joint venture between General Motors and Walter's TWG Global, which sold its controlling interest in the NBA's Los Angeles Lakers and a 13% stake in Chelsea this summer, and is also looking to sell Los Angeles Sparks, the WNBA team. Continue reading......
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29.10.26 - 21:45
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36 states reach $220M settlement with General Motors over driver data privacy (The Hill)
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Automaker General Motors (GM) agreed to pay $220 million to settle a lawsuit with 35 states and Washington D.C., which alleged the company sold drivers' data to insurance companies, several attorneys general involved with the settlement announced Thursday. A bipartisan coalition of state attorneys general, led by Democrats Dan Rayfield of Oregon and Nick Brown......
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29.10.26 - 20:36
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KBRA Monitoring CMBS Exposure to Law Firm Weil, Gotshal & Manges LLP (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--It is being widely reported that one of the U.S.'s top 30 law firms Weil, Gotshal & Manges LLP (Weil) intends to pursue an orderly wind-down process over the coming months after a flurry of recent high-profile senior partner departures and failed merger efforts.
Weil's demise heightens credit risk for loans backed by office buildings where the firm is a major tenant. The firm's website reports that they have 17 offices worldwide, including 10 in the U.S., six in Europe, and one in Hong Kong. KBRA identified three of Weil's offices in buildings that are collateral for CMBS loans:
The General Motors (GM) Building
Weil's most prominent lease is at the GM Building at 767 Fifth Avenue in Manhattan, where it is the largest tenant, leasing nearly 450,000 sf and paying annual rent of roughly $54 million (17.5% of the property's total) under a lease that expires in 2034. Weil's current rental rate ($121 per sf) is at or below current market rental rates for tr...
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