The extension to this partnership, which was set to run out in 2020, ensures that the tyre provider and the production-derived series will continue working into their twentieth season together. Marlow’s historical past in world-class British rope manufacturing dates back over 200 years, and has earned its reputation because the world-main producer of excessive efficiency rope. With its Official Supplier status with 11th Hour Racing Team, the premier sailing rope brand will now be prominently featured on the earth’s hardest spherical-the-world crewed race, beginning in Alicante, Spain in Fall 2021. RAVENOL is expertise partner and official supplier of the sports activities-automotive sequence that was created by Audi in 2015.
But when Continental’s share worth sank with the rest of the auto business at the beginning of the Great Recession, she unexpectedly found herself on the hook to purchase 75 percent of Continental’s stock. The $15 billion bill for that buy put her in a precarious financial state of affairs personally.
But the corporate has muscled by way of challenging times before. Its principal shareholders, Chairman Georg Schaeffler, 54, and his mom, Maria-Elisabeth Schaeffler-Thumann, the 77-year-outdated widow of company co-founder Georg Schaeffler, sidestepped financial troubles in 2008-09. At that point, the billionaire Schaeffler-Thumann made a play to purchase a minority stake in fellow German supplier Continental, a multinational automotive big greater than twice Schaeffler’s measurement.
Race Technologies provides market improvement, provide chain management and technical product support. Through our strategic partnership with Brembo, we support a global network of Official Dealers … Read More