Bain Capital and Lone Star Funds have advanced to a second round of bidding for Mitsubishi Electric Corp. ’s automotive equipment business, according to people familiar with the matter. The US investment funds are among shortlisted firms following an initial round last month, the people said, asking not to be identified because the information is private. Considerations are ongoing and no final de...
Bain Capital and Lone Star Funds have advanced to a second round of bidding for Mitsubishi Electric Corp. ’s automotive equipment business, according to people familiar with the matter. The US investment funds are among shortlisted firms following an initial round last month, the people said, asking not to be identified because the information is private. Considerations are ongoing and no final decision has been made, the people said. Read More: Mitsubishi Electric Said to Seek $1.9 Billion Sale of Unit Representatives for Mitsubishi Electric and Lone Star weren’t available for comment. A Bain spokesperson declined to comment. Mitsubishi Electric’s automotive equipment business makes inverters, motors and car navigation systems for hybrid and electric vehicles, as well as in-car entertainment systems. These are areas of the industry under intense cost competition, with pressure exacerbated by a slowdown in the global EV market. The company is undergoing structural reforms to streamline, and in May said it would decide this fiscal year whether to keep or discontinue businesses totaling around ¥800 billion ($5 billion) in sales. Mitsubishi Electric’s shares have climbed almost 150% over the past 12 months.
Hong Kong should increase funding for university research to position itself as a global education hub, a leading academic has said, citing a growing trend of students choosing Asian destinations for higher studies. Professor Dennis Lo Yuk-ming, president of Chinese University, which is hosting this year’s Asia-Pacific Association for International Education (APAIE) Conference and Exhibition, told...
Hong Kong should increase funding for university research to position itself as a global education hub, a leading academic has said, citing a growing trend of students choosing Asian destinations for higher studies. Professor Dennis Lo Yuk-ming, president of Chinese University, which is hosting this year’s Asia-Pacific Association for International Education (APAIE) Conference and Exhibition, told the South China Morning Post on Tuesday that he hoped the coming budget would boost research and...
VV Shots Tesla ( TSLA ) filed a lawsuit against the California Department of Motor Vehicles (DMV) seeking to overturn a ruling that found the automaker engaged in false advertising over its “Autopilot” and “Full Self-Driving” (FSD) marketing. In a complaint dated February 13, Tesla’s ( TSLA ) attorneys alleged that the DMV “wrongfully and baselessly” labeled the automaker a “false advertiser” for ...
VV Shots Tesla ( TSLA ) filed a lawsuit against the California Department of Motor Vehicles (DMV) seeking to overturn a ruling that found the automaker engaged in false advertising over its “Autopilot” and “Full Self-Driving” (FSD) marketing. In a complaint dated February 13, Tesla’s ( TSLA ) attorneys alleged that the DMV “wrongfully and baselessly” labeled the automaker a “false advertiser” for its prior use of the terms autopilot and FSD. The suit comes two months after the state’s Office of Administrative Hearings said the DMV could temporarily suspend the carmaker's licenses to manufacture or sell cars in California. The DMV investigated Tesla ( TSLA ) starting in 2021 over misleading FSD claims, leading to a 2025 five-day hearing where a judge ruled the marketing—especially "Full Self-Driving"—was "unambiguously false and counterfactual." The court ruled in favor of the DMV in December, finding the terminology misleading and recommending license suspensions, though regulators ultimately reduced the penalty and gave Tesla ( TSLA ) time to comply. Tesla's ( TSLA ) get-back lawsuit action comes days after the DMV confirmed that Tesla ( TSLA ) had complied with a December 2025 administrative decision requiring it to stop using the term “Autopilot” in marketing materials in California. This legal action comes at a time when Tesla ( TSLA ) pivots toward robotaxis and autonomous driving. To note, the company is now testing a handful of automated vehicles in its Robotaxi pilot in Austin. Tesla ( TSLA ) did not immediately respond to Seeking Alpha's request for comment. More on Tesla Tesla: Accidental Rally Tesla's Growth Story Now Depends On Execution, Not Hype Tesla: The Primary Kinetic Anchor Of The Autonomous World Order Burry sparks AI spending debate, defends record as critics question timing Investors shift from AI darlings to ‘heavy asset’ stocks in search of stability
VV Shots Tesla ( TSLA ) filed a lawsuit against the California Department of Motor Vehicles (DMV) seeking to overturn a ruling that found the automaker engaged in false advertising over its “Autopilot” and “Full Self-Driving” (FSD) marketing. In a complaint dated February 13, Tesla’s ( TSLA ) attorneys alleged that the DMV “wrongfully and baselessly” labeled the automaker a “false advertiser” for ...
VV Shots Tesla ( TSLA ) filed a lawsuit against the California Department of Motor Vehicles (DMV) seeking to overturn a ruling that found the automaker engaged in false advertising over its “Autopilot” and “Full Self-Driving” (FSD) marketing. In a complaint dated February 13, Tesla’s ( TSLA ) attorneys alleged that the DMV “wrongfully and baselessly” labeled the automaker a “false advertiser” for its prior use of the terms autopilot and FSD. The suit comes two months after the state’s Office of Administrative Hearings said the DMV could temporarily suspend the carmaker's licenses to manufacture or sell cars in California. The DMV investigated Tesla ( TSLA ) starting in 2021 over misleading FSD claims, leading to a 2025 five-day hearing where a judge ruled the marketing—especially "Full Self-Driving"—was "unambiguously false and counterfactual." The court ruled in favor of the DMV in December, finding the terminology misleading and recommending license suspensions, though regulators ultimately reduced the penalty and gave Tesla ( TSLA ) time to comply. Tesla's ( TSLA ) get-back lawsuit action comes days after the DMV confirmed that Tesla ( TSLA ) had complied with a December 2025 administrative decision requiring it to stop using the term “Autopilot” in marketing materials in California. This legal action comes at a time when Tesla ( TSLA ) pivots toward robotaxis and autonomous driving. To note, the company is now testing a handful of automated vehicles in its Robotaxi pilot in Austin. Tesla ( TSLA ) did not immediately respond to Seeking Alpha's request for comment. More on Tesla Tesla: Accidental Rally Tesla's Growth Story Now Depends On Execution, Not Hype Tesla: The Primary Kinetic Anchor Of The Autonomous World Order Burry sparks AI spending debate, defends record as critics question timing Investors shift from AI darlings to ‘heavy asset’ stocks in search of stability
Vertigo3d/E+ via Getty Images When shares of Figure Technology Solutions ( FIGR ) went public in September of last year, I concluded that the company made a strong IPO debut. Its usage of blockchain technology to disrupt loan origination and securitization yielded spectacular growth and delivered handsome profits. While this was much to be applauded, I was reserved amidst limited operating history...
Vertigo3d/E+ via Getty Images When shares of Figure Technology Solutions ( FIGR ) went public in September of last year, I concluded that the company made a strong IPO debut. Its usage of blockchain technology to disrupt loan origination and securitization yielded spectacular growth and delivered handsome profits. While this was much to be applauded, I was reserved amidst limited operating history and potential for disintermediation (or fees being cut) over time. Continued growth in the third quarter was followed by stabilization (on a sequential basis) in the fourth quarter, which, combined with selling shareholders offering shares on the cheap, raises some real questions here. Building The Future Of Capital Markets On Blockchain Figure is built on the aha moment of its founder Mike Cagney back in 2018, recognizing the potential of blockchain to revolutionize financial services. With much of the traditional financial model based on intermediation, it requires trust between multiple parties, even for simple purchases like a financial transaction or a stock purchase. Blockchain has the potential to reduce this to just the buyer and seller, eliminating all the rent-seeking intermediaries in such transactions. These opportunities are not just limited to transactions but also eliminate counterparty and settlement risks, to name a few. Starting out with home equity lines of credit (HELOCs) this was deemed an easy market to start with and capitalize on, with the range of opportunities being far wider. The company went public at $25 per share. Strong demand was seen for the shares, levels at which operating assets were valued around $4.5 billion. This was supported by a 75% increase in so-called ecosystem volumes reported for 2024 to $5.9 billion, much tied to consumer loan marketplace volumes. Revenues from such volumes were reported at $341 million, indicating a steep cut, with positive EBITDA reported at $101 million. The revenue number was a bit ironic in my view, with...
There are currently an even dozen companies with a market cap of $1 trillion or more, but only three are members of the prestigious $3 trillion club: Nvidia at $4.6 trillion, Apple at $3.9 trillion, and Alphabet at $3.7 trillion (as of this writing). With a market cap of nearly $2.2 trillion, it seems like it's just a matter of time before Amazon (NASDAQ: AMZN) joins that elite group. Yet recent e...
There are currently an even dozen companies with a market cap of $1 trillion or more, but only three are members of the prestigious $3 trillion club: Nvidia at $4.6 trillion, Apple at $3.9 trillion, and Alphabet at $3.7 trillion (as of this writing). With a market cap of nearly $2.2 trillion, it seems like it's just a matter of time before Amazon (NASDAQ: AMZN) joins that elite group. Yet recent events have sent some investors heading for the hills, as they seem to have forgotten the path that brought the e-commerce and cloud bigwig here. Given its multipronged growth strategy, I would submit that Amazon will join the fraternity of triple-trillionaires sooner rather than later. Image source: Getty Images. Continue reading