Auto parts supplier LKQ is planning to sell Keystone Automotive Industries, its specialty parts division, three people familiar with the matter told Reuters, as the company faces pressure from investors to sell some...
Samvardhana Motherson rises 3% on acquiring remaining 25% stake in two arm
Samvardhana Motherson International shares rose 3.3 per cent on Wednesday and logged an intra-day high at ₹102.19 per share on BSE. At 11:13 AM, on BSE, Samvardhana Motherson International’s share price was up 2.69 per...
China’s Dongfeng Motor puts its 50% stake in Dongfeng Honda Engine up for sale
China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday. A reserve price has yet...
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9. The move follows Honeywell’s...
CCI Clears American Axle’s Acquisition of Dowlais
The Competition Commission of India has approved the proposed acquisition of 100% shareholding of Dowlais Group plc by American Axle & Manufacturing Holdings, Inc. The proposed combination entails the acquisition of...
Lumax Auto Technologies to acquire balance 25% stake in IAC International Automotive India
Lumax Auto Technologies has signed an agreement to acquire the remaining 25% stake in IAC International Automotive India (IAC India) from the International Automotive Components Group (IAC Group). IAC Group will...
Italian firm to acquire Nashik-based Right Tight Fasteners
In one of the largest foreign investment deals in India’s auto parts industry, Fontana Gruppo is buying a majority in Nashik-based Right Tight Fasteners (RTF) that will give the Italian company a bigger presence in the...
Asbury Automotive to buy Herb Chambers’ dealerships in $1.34 billion deal
Auto retailer Asbury Automotive Group said on Tuesday it would acquire automotive dealerships owned by Herb Chambers Companies in a deal valued at $1.34 billion. Asbury plans to fund the acquisition using a combination...
ZF considering spin-off of electric drive division, Handelsblatt reports
German automotive supplier ZDF (ZFF.UL) is considering a spin-off of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. ZF said it was “examining...
Volkswagen takes 9.9% stake in lithium developer Patriot Battery Metals for C$69 mln
Patriot Battery Metals said on Wednesday automotive giant Volkswagen has invested approximately C$69 million ($48.18 million) for a 9.9% stake in the Canadian lithium developer. The German automaker paid C$4.42 per...
In major Geely shake-up, EV brand Zeekr to take control of Lynk
China’s Geely said on Thursday its premium electric vehicle maker Zeekr plans to take control of Lynk & Co, a sister brand – the first big restructuring move in a planned overhaul for the sprawling...
Leoni to submit China stake sale to German government
Automotive supplier Leoni is preparing to register the sale of a majority stake to Chinese company Luxshare with the German government, a company spokesperson said on Thursday in what it called a routine step...
