Dyson shifts HQ to Singapore as Asia fuels electric car dreams [Business News Network (BNN) Energy & Resources (Canada)]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Business News Network
Dyson shifts HQ to Singapore as Asia fuels electric car dreams Led by billionaire James Dyson, an ardent backer of Brexit, Dyson Ltd. has decided to relocate its head office to Singapore, in a blow to the U.K. government. One of the largest British technology companies, Dyson has exploded in size over recent years, driven by a growing customer base in Asia. Known for vacuum cleaners and hand dryers, the firm has expanded into air purifiers and hair-care products, and embarked on a costly project to build an electric car by 2021. Jim Rowan, Dyson’s chief executive officer, said in a call with reporters that the move to Singapore was not due to tax or fears of Brexit, but to the shift in the importance of the region to the company. The announcement comes as the U.K. government scrambles to reassure businesses as uncertainty over Brexit continues. Singapore doesn’t have a single car-manufacturing plant and is one of the costliest places in the world to buy an automobile, but is home to t
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