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
Tag: Tier 1 Suppliers
Hyundai streamlines governance structure for M&As, build up core business
SEOUL, March 29 (Yonhap) — Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and… Continue reading Hyundai streamlines governance structure for M&As, build up core business
The key questions on the attempted hostile takeover of GKN
The war of words is almost over as GKN shareholders have until Thursday lunchtime to decide if they back GKN’s board or a new future under Melrose. But just what is at stake? :: What is GKN? GKN is the third-largest engineering company in the FTSE 100 after BAE Systems and Rolls-Royce. It is also… Continue reading The key questions on the attempted hostile takeover of GKN
Press Release – Magna Posts 2017 Annual Report
Please click HERE for a PDF version of the release. AURORA, Ontario, March 28, 2018 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) today announced that its 2017 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. … Continue reading Press Release – Magna Posts 2017 Annual Report
DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts
Mar. 29, 2018 News Releases Organization Announcement KARIYA (Japan) ― DENSO Corporation today announced that on July 1, 2018 it will integrate the management of two DENSO Group companies: DENSO PREAS Corporation and DENSO KIKO Co., Ltd., both of which manufacture metal press-worked parts. The business environment will tremendously change in the future with the… Continue reading DENSO to Integrate the Management of Two Subsidiaries that Manufacture Parts
Autonomous vehicles in the criticism: Man or machine – who better recognizes dangers
All articles and backgrounds 03/29/2018 Autonomous vehicles in the criticism man or machine – who recognizes dangers better Continental Graphical representation of the functionality of lidar sensors Of the fatal accident of a robotic car in Arizona has sparked a heated debate: how good or how dangerous are autonomous vehicles? Because despite a variety of… Continue reading Autonomous vehicles in the criticism: Man or machine – who better recognizes dangers
ZF, a hidden giant of the German automobile
Count Zeppelin’s airships established the fame of Friedrichshafen at the beginning of the 20th century, but it was the automobile that made the city’s fortunes. On the German side of Lake Constance, which serves as a natural border with Switzerland and Austria, ZF laid a brand new, futuristic vessel in the city center just a… Continue reading ZF, a hidden giant of the German automobile
Fate of GKN hangs in balance as investors decide on Melrose bid
LONDON (Reuters) – The three-month battle for GKN will be decided on Thursday when the deadline for shareholders to accept Melrose Industries’ 8 billion pound ($11 billion) hostile bid expires, ending one of the most closely-contested takeover fights in Britain for years. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain,… Continue reading Fate of GKN hangs in balance as investors decide on Melrose bid
Uber Freight lead, Lior Ron, has left the company
Lior Ron, Uber’s head of freight operations, has left the company, a source familiar with the situation told TechCrunch. “We remain fully invested in and excited about the future of Uber Freight,” an Uber spokesperson said in a statement to TechCrunch. “Since launching in Texas, we have introduced Freight to all states in the continental… Continue reading Uber Freight lead, Lior Ron, has left the company
Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders. It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support