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Crypto.com Inks Mega Deal with Formula One Racing

Cryptocurrency is entering the racing scene. Crypto.com has inked a deal with Formula One racing worth approximately $100 million at the time of writing. Crypto.com Has Stepped Into the World of Professional Driving Through the deal, Crypto.com gets top-branding options with the organization including roadside billboards for the rest of the year, ensuring drivers are aware of the site’s presence. This is now the second big deal instituted by Crypto.com in the world of...

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Aston Martin Sales Drop amid Coronavirus, Company Promises to Offer DBX SUV Customization

The sales of Aston Martin are falling as well as the price of the AML stock. However, the company hopes to survive. It also plans to offer wide freedom in customization of its DBX SUV.The sales of Aston Martin Lagonda Global Holdings PLC (LON: AML) have dropped. Sources indicate that the company is in distress yet again. It is also reportedly on the brink of bankruptcy. The stock of the company has fallen by about 10% since the company announced this. The company has indicated that it will...

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Ferrari (RACE) Stock Goes Down after Q4 Report, Will It Grow after Release of SUV in 2021?

Ferrari presented rather mixed Q4 results. It has negatively affected the price of RACE stock though it recently hit a 52-week high. Will the introduction of the first SUV boost the stock in 2021-2022?The Italian maker of luxury and sports cars Ferrari SpA announced that its diluted earnings per share in the last quarter of 2019 amounted to €0.90, which is over 10% lower on an annual basis, while shipments slid 1% to 2,376 in the same period.Net revenues grew 10% to total €927 million as...

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Tesla Sales May Jump in Netherlands as People Will Get up to $4,400 to Buy EVs in 2020

Citizens of the Netherlands, who want to buy electric cars after July 1, 2020, will receive up to €4,000 ($4,425) from the government to cover their expenses. Is it good news for Tesla?The Netherlands decided to support a greener and ecological transport in 2020. As per the announcement, the country plans to award drivers with the money for buying a new electric vehicle (EV). This will be practiced with private buyers nevertheless they decide to buy new or used electric cars.According to a...

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Aston Martin Is in Last-Minute Talks with Lawrence Stroll and Geely Group

Aston Martin is in last-minute talks with the Canadian billionaire Lawrence Stroll. Reports indicate that the owner of the Racing Point Formula One team and the luxury carmaker are in talks. This is an effort by the carmaker to shore up finances. The company had a less than exciting performance last year. Lawrence Stroll and Aston Martin are said to be in talks to raise £200 million (about $260 million) in a fresh round of financing.Aston Martin Lagonda Global Holdings Plc. Limited is also in...

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Aston Martin’s New $189,000 SUV is the Last Card for the Automaker

In what has been a series of woes for a British icon, Aston Martin, which has been one of Britain’s most successful automakers in its heyday, has been unable to get its act together after its October 2018 Initial Public Offering (IPO). Best known for being the favorite of Ian Flemming’s James Bond when it comes to cars, the holding company Aston Martin Lagonda Global Holdings Plc hasn’t fared that well since last year.With its current premier brands (Vantage, DBS, and DB11 Volante)...

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