Concurrent to insolvency discussions, Greensill is considering the sale of its operating business to Apollo Global Management Inc. for $100 million, according to a report.
German auto industry is going through an economic crisis; Waymo carriers 6,000 passengers in its first month of autonomous taxi service; e-scooter market witnesses a slump in growth.
Redstar Transport, a large long-distance and heavy-freight trucking business, collapsed in Australia after running out of cash just days before Christmas. Hundreds of people have been thrown out of work. Cargo has been returned to the depot. And the liquidation of Redstar may have wider consequences than is first apparent.
