Xiaomi SU7 EV launch propels market value by $4 billion, near GM and Ford
BEIJING — Shares of China’s Xiaomi surged as much as 16% on Tuesday as the electronics maker’s sporty electric vehicle launched last week drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year. The stock touched its highest since January 2022 on the first day of trading since […]
F1 owner Liberty Media to buy MotoGP in $3.8 billion deal
Formula 1 owner Liberty Media Corp. is buying the motorcycle racing league MotoGP World Championship from Bridgepoint and Canada Pension Plan Investment Board as part of a $3.8 billion (€3.5 billion) deal. Liberty Media is taking over Madrid-based MotoGP by buying its exclusive rights holder Dorna Sports with a combination of cash and shares of […]