Tag: M and A

Singapore says Uber-Grab deal may violate competition laws

Uber’s exit from Southeast Asia is under scrutiny from regulators in Singapore who believe that Grab’s purchase of the U.S. firm’s business in the region may violates competition laws. Singapore-based Grab, Uber’s chief rival in the region, announced the acquisition of Uber’s Southeast Asian business on Monday. In return, Uber is taking 27.5 percent of the Grab… Continue reading Singapore says Uber-Grab deal may violate competition laws

March 29 Toyota and Suzuki Reach Basic Agreement toward Mutual Supply of Hybrid and Other Vehicles in India

29 March 2018 Toyota Motor CorporationSuzuki Motor Corporation Toyota and Suzuki Reach Basic Agreementtoward Mutual Supply of Hybrid and Other Vehicles in India Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have concluded a basic agreement toward the mutual supply of hybrid and other vehicles between the two companies for the Indian market. Specifically,… Continue reading March 29 Toyota and Suzuki Reach Basic Agreement toward Mutual Supply of Hybrid and Other Vehicles in India

At Uber, a New CEO Shifts Gears

The Indian city of Gurugram, which in Hindi means “village of the guru,” is a technology-and-business hub twenty miles south of New Delhi, reached by highways filled with auto-rickshaws, exhaust-spewing buses, and the occasional immovable cow. The city’s glass high-rises contain dozens of multinational corporations, including Pepsi, Google, and Microsoft. On a recent morning, a… Continue reading At Uber, a New CEO Shifts Gears

AN EYE OPENER FOR PROTON DEALERS

PRESS AN EYE OPENER FOR PROTON DEALERS Posted on Mar 30, 2018 Subang Jaya, 30 Mac 2018 – A group of 33 PROTON dealers from Malaysia were recently treated to a visit to the Geely Research Institute (GRI) in Hangzhou Bay, China. The intention of the visit was to take a peek at the future… Continue reading AN EYE OPENER FOR PROTON DEALERS

Nissan, Renault in Talks to Merge, Create New Company

Renault SA and Nissan Motor Co. are in talks to merge, seeking to solidify their two-decade-old alliance under a single stock as an unprecedented shift toward electric and shared cars transforms the industry, people with knowledge of the matter said. A deal would end the current alliance between the companies and marry them as one… Continue reading Nissan, Renault in Talks to Merge, Create New Company

Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union

Carlos Ghosn has revived two troubled automakers and he’s in the midst of doing so with a third. Now, he’s poised to undertake what might well be his final act: A full merger of Renault SA and Nissan Motor Co. after almost two decades of cooperation under a complex cross-shareholding alliance. Carlos Ghosn Photographer: Christophe… Continue reading Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union

Where’s Super Cruise in Cadillac’s two new cars?

Finally, Cadillac has an SUV to rival popular small luxury rivals such as the BMW X1 and Land Rover Range Rover Evoque. Based on the fact that SUVs are about the only Cadillacs anyone is buying these days, the 2019 XT4 should help get more foot traffic in showrooms. There’s just one thing: you can’t… Continue reading Where’s Super Cruise in Cadillac’s two new cars?

BRIEF-Dana Inc Comments On Decision By GKN PLC Shareholders

March 29 (Reuters) – Dana Inc: * DANA COMMENTS ON DECISION BY GKN SHAREHOLDERS * DANA INC – “APPEARS UNLIKELY THAT OUR PROPOSED COMBINATION WITH GKN DRIVELINE WILL PROCEED” * DANA – “ACKNOWLEDGES THE DECISION BY MAJORITY OF SHAREHOLDERS OF GKN PLC TO ACCEPT THE PROPOSAL BY MELROSE INDUSTRIES PLC TO ACQUIRE GKN” Source text… Continue reading BRIEF-Dana Inc Comments On Decision By GKN PLC Shareholders

Dana Comments on Decision by GKN Shareholders

MAUMEE, Ohio, March 29, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) acknowledges the decision by a majority of the shareholders of GKN plc to accept the proposal by Melrose Industries plc to acquire GKN.  As a consequence, it appears unlikely that our proposed combination with GKN Driveline will proceed. “We are, of course, disappointed by today’s outcome… Continue reading Dana Comments on Decision by GKN Shareholders