Infineon Technologies AG has acquired Dutch electronics company Innoluce BV, a designer of miniature “lidar” laser-scanning modules that the German chip giant says can help it develop affordable sensor...
Lithia announces acquisition of Audi store
Lithia Motors Inc * Lithia announces acquisition of Audi store * Deal will add an additional $120 million in estimated annual revenues * Acquisition brings cumulative 2016 annualized acquired revenue to over $1 billion...
Renault to enter new joint venture in Iran
Renault (RENA.PA) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. In...
HFL merger a concern for Ashok Leyland investors
MUMBAI: The decision to merge Hinduja FoundriesBSE -0.98 % with Ashok LeylandBSE -0.06 % may not be in the interest of minority shareholders of India’s second largest commercial vehicle maker as the deal lacks...
The motive behind Hinduja Foundries Ltd’s Ashok Leyland merger
Investors of Ashok Leyland Ltd have baulked at the company’s plan to merge with affiliate Hinduja Foundries Ltd. Gopal Mahadevan, chief financial officer at Hinduja Group flagship Ashok Leyland, defended the move...
Shareholder apathy is the only takeaway in Hinduja group merger
Many Indian promoters have been accused of running their listed entities like their private ones. Decision making is restricted to the promoter and his carefully selected board members. Shareholder interest seems to be...
Anhui Jianghuai Automobile plans joint venture with Volkswagen
Anhui Jianghuai Automobile Co Ltd * Says it signs MOU to form joint venture with Volkswagen AG Source text in Chinese: bit.ly/2crNQey Further company coverage: (Reporting by Hong Kong newsroom). Recent Articles...
Nissan to sell stake in JVs to Ashok Leyland
NEW DELHI: Japanese auto major Nissan Motor Company today agreed to sell all its shares in the three joint venture companies it had formed with Ashok LeylandBSE -0.34 % to the Indian company. “Under the agreement...
Knorr-Bremse says its takeover offer for Haldex is friendly
German automotive supplier, Knorr-Bremse’s offer for Sweden’s brake specialist Haldex is friendly, even if it rivals an existing bid by ZF, Knorr-Bremse Chief Executive Klaus Deller said on Monday...
Nissan in talks with Panasonic, others to sell battery operations: sources
Nissan Motor Co (7201.T) is in talks with Panasonic Corp (6752.T) and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two...
Haldex board recommends ZF takeover offer, rejects SAF-Holland bid
Swedish brake systems group Haldex said on Thursday its board of directors has recommended shareholders approve a 4.4 billion crown ($515 million) cash offer by Germany’s ZF and reject a separate takeover bid by...
Samsung Said in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter. Samsung is...
