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Twg Global

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business7 days ago•3 min saved

Insurer tied to Dodgers owner trims $6.5B of investments as fraud probes mount

Mark Walter’s Delaware Life Insurance, a unit of TWG Global, will swap up to $6.5 billion of related-party investments for independent assets amid regulatory scrutiny into his financing dealings; federal prosecutors and the SEC are examining whether Walter and his companies concealed financial connections while borrowing from insurers he controls, with S&P cutting Delaware Life’s outlook after restating financials and reclassifying private credit investments.

via nypost.com|

#business #delaware-life #fraud-probes

transportation4 months ago•46 min saved

Slate Auto secures $650M to push its budget electric pickup into production

Bezos-backed Slate Auto raised $650 million in a Series C led by TWG Global to accelerate production of its minimal, modular Slate Truck, a budget-priced electric pickup expected to start in the mid-$20,000s with first deliveries later this year. Slate has 160,000 reservations for the two-seat truck that omits paint, power windows, a radio, and infotainment, instead offering accessories and a kit to convert it into a five-seat SUV. Production will occur at a $400 million factory in Warsaw, Indiana, with the company projecting over 2,000 jobs and up to $39 billion in economic impact over 20 years; preorder timing is set for June 2026.

via The Verge|

#electric-truck #ev-funding #jeff-bezos