Tag: Tier 1 Suppliers

UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen

FRANKFURT (Reuters) – U.S. auto parts maker Wabco Holdings Inc on Tuesday confirmed that it has been approached by German rival ZF Friedrichshafen for a potential takeover. Shares in the brakes maker, which had a market capitalization of $6.2 billion as of Tuesday close, rose 10 percent before being halted. German daily Handelsblatt first reported… Continue reading UPDATE 2-Auto parts maker Wabco says approached by rival ZF Friedrichshafen

UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source

FRANKFURT (Reuters) – German car parts maker ZF Friedrichshafen is considering a takeover of U.S. rival Wabco, a person close to the matter said on Wednesday, confirming a report by newspaper Handelsblatt. ZF Friedrichshafen’s supervisory board has already discussed a potential acquisition of Wabco, the paper reported, citing financial sources. Shares in brakes maker Wabco,… Continue reading UPDATE 1-Car parts firm ZF Friedrichshafen considers Wabco takeover -source

China’s Horizon Robotics bags $600m Series B financing

February 27, 2019 Chinese artificial intelligence firm Horizon Robotics has secured a $600-million Series B financing jointly led by SK China, SK Hynix and several automotive groups. The funding round values Horizon Robotics at $3 billion, the company said in a statement. The investment was joined by China Oceanwide Group’s Oceanwide Capital, CMBC Capital, CLSA’s CSOBOR Fund, Oceanpine… Continue reading China’s Horizon Robotics bags $600m Series B financing

Magna annonce ses résultats du quatrième trimestre et de 2018, et augmente son dividende trimestriel en espèces de 11 %

Faits marquants du quatrième trimestre 2018Ventes records de 10,1 milliards de dollars au quatrième trimestre, en hausse de 5 % par rapport au quatrième trimestre 2017Flux de trésorerie liés aux opérations de 1,6 milliard de dollarsRestitution de 585 millions de dollars aux actionnaires par le biais de rachats d’actions et de dividendesAugmentation de 11 %… Continue reading Magna annonce ses résultats du quatrième trimestre et de 2018, et augmente son dividende trimestriel en espèces de 11 %

Magna gibt die Ergebnisse des 4. Quartals und Gesamtjahres 2018 bekannt und erhöht die vierteljährliche Bardividende um 11 %

Highlights des 4. Quartals 2018Umsätze in Rekordhöhe von 10,1 Mrd. US-Dollar im 4. Quartal, ein Anstieg von 5 % gegenüber dem 4. Quartal 2017Mittelzuflüsse aus laufender Geschäftstätigkeit von 1,6 Mrd. US-DollarAktionärsrendite von 585 Mio. US-Dollar durch Aktienrückkäufe und DividendenErhöhung der vierteljährlichen Bardividende um 11 % auf 0,365 US-Dollar pro AktieHighlights des Gesamtjahres 2018Umsätze in Rekordhöhe… Continue reading Magna gibt die Ergebnisse des 4. Quartals und Gesamtjahres 2018 bekannt und erhöht die vierteljährliche Bardividende um 11 %

Hyundai set for Elliott showdown as it rejects $6.3 billion payout call

SEOUL (Reuters) – Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate. FILE PHOTO: Chief Vice Chairman of Hyundai Motor Group Chung Eui-sun delivers his speech during the company’s… Continue reading Hyundai set for Elliott showdown as it rejects $6.3 billion payout call

May met Ineos chair for off-roader talks as tax row loomed – Sky News

By Mark Kleinman, City editor Theresa May has held private talks with the Ineos founder Sir Jim Ratcliffe, Britain’s richest man, about his blueprint for a new off-road vehicle amid growing scrutiny of his personal tax affairs. Sky News has learnt that Sir Jim met the prime minister and Greg Clark, the business secretary, late… Continue reading May met Ineos chair for off-roader talks as tax row loomed – Sky News