KAR Auction Services, the parent company of ADESA UK, has completed its acquisition of online auction business CarsOnTheWeb. The £80 million deal will enable US-based KAR to expand its remarketing and technology services in Europe. CarsOnTheWeb is a Beligium-based business that provides an online wholesale vehicle auction marketplace that can connect OEMs, fleet owners, wholesalers and dealers… Continue reading KAR Auction Services completes acquisition of CarsOnTheWeb
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Toyota’s new car subscription company Kinto is gamifying driving behavior
Toyota has officially launched Kinto, a company first revealed late last year that will manage a car subscription program and other mobility services in Japan, including the sale and purchase of used vehicles as well as automotive repair and inspection. Kinto is jointly funded by Toyota Financial Services, a wholly owned subsidiary of Toyota, and Sumitomo Mitsui… Continue reading Toyota’s new car subscription company Kinto is gamifying driving behavior
US judge lets most emissions claims against Daimler proceed
By David Shepardson WASHINGTON – A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker’s Mercedes diesel vehicles used illegal software to emit excess emissions. In a ruling late on Friday, Judge Jose Linares of U.S. District Court in New Jersey… Continue reading US judge lets most emissions claims against Daimler proceed
Tenneco Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Notice
LAKE FOREST, Ill.–(BUSINESS WIRE)–Tenneco Inc. (NYSE: TEN) plans to issue its fourth quarter and full year 2018 earnings release before the market opens on Monday, February 25, 2019 and hold a conference call the same day at 8:00 a.m. ET. The purpose of the call is to discuss the company’s results of operations, as well… Continue reading Tenneco Fourth Quarter and Full Year 2018 Earnings Release and Conference Call Notice
Bosch plans takeover of LAWA Solutions
Bosch Service Solutions is a leading global supplier of Business Process Outsourcing for complex business processes and services. Using the latest technology and the Internet of Things, the Bosch division develops integrated and innovative service solutions in the areas of Mobility, Monitoring, and Customer Experience. Around 9,500 associates at 28 locations support national and international… Continue reading Bosch plans takeover of LAWA Solutions
Goodyear Acquires Weeting Tyres
Acquisition aligns with Goodyear’s strategy Weeting Tyres branches to remain part of the HiQ Network, under Goodyear ownership Birmingham, UK, 4th February 2019 – Goodyear Dunlop Tyres UK Ltd announced today that it acquires Weeting Tyres, a leading tyre retail company based in Norfolk, Suffolk and Essex, UK. The retailer, Weeting Tyres, currently operates as… Continue reading Goodyear Acquires Weeting Tyres
KAR finalises COTW takeover
KAR Auction Services, the U.S.-based global remarketing player, has finalised its takeover of CarsOnTheWeb (COTW), the Europe-wide online vehicle auction specialist based in Belgium. With the acquisition of COTW, KAR improves its strategic position and expands its geographic coverage, which until now comprised North America and the United Kingdom, to include continental Europe. COTW… Continue reading KAR finalises COTW takeover
Continental Successfully Concludes Kathrein Automotive Acquisition
Antitrust authorities clear Continental’s acquisition of Kathrein Automotive Newly acquired development expertise will consolidate the company’s position on the growing vehicle antenna market Working closely together to build on joint development achievements and drive forward innovations Pioneering development of the Intelligent Antenna Module Regensburg, February 4, 2019. Technology company Continental announced today the successful completion… Continue reading Continental Successfully Concludes Kathrein Automotive Acquisition
From the ground to the cloud: why Bridgestone acquires TomTom Telematics
Laurent Dartoux, Chief Strategy and Marketing Officer for Bridgestone EMEA explains the strategy behind the TomTom Telematics deal. Bridgestone is known as the number one tyre manufacturer in the world. Tyres remain its core business, but the group also develops building products, bikes, golf clubs, tennis balls and even anti-seismic products. Last week the company… Continue reading From the ground to the cloud: why Bridgestone acquires TomTom Telematics
FAURECIA LAUNCHES ITS TENDER OFFER ON CLARION TO BECOME A GLOBAL LEADER IN COCKPIT ELECTRONICS SYSTEMS – GlobeNewswire
Nanterre (France), January 29, 2019Faurecia LAUNCHES ITS TENDER OFFER ON CLARIONto become a global leader in cockpit electronics systemsAs per the announcement made on October 26th, 2018, following clearance from relevant antitrust authorities, Faurecia today announced that it will launch its tender offer for the acquisition of all shares of Clarion Co, Ltd, listed on… Continue reading FAURECIA LAUNCHES ITS TENDER OFFER ON CLARION TO BECOME A GLOBAL LEADER IN COCKPIT ELECTRONICS SYSTEMS – GlobeNewswire