All articles and backgrounds 04/16/2018 Escalation at Opel Minister ask PSA chief for crisis summit – and Tavares is not coming AP; AFP; REUTERS Economics Minister Peter Altmaier, Carlos Tavarez, Labor Minister Hubertus Heil: Two federal ministers invite – and the boss of the Opel-dam PSA does not come When PSA boss Carlos Tavares telephoned… Continue reading Escalation at Opel: Ministers ask PSA chief for crisis summit – and Tavares does not come
Tag: M and A
UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
MUNICH (Reuters) – Volkswagen (VOWG_p.DE) is open to buying at some point a majority stake in U.S. truckmaker Navistar International Corp (NAV.N) as it pushes to expand its truck division’s global presence and tap capital markets. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File… Continue reading UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
Renschler dampens expectation: IPO for VW truck boss not identified
All articles and backgrounds 04/16/2018 Renschler dampens expectation IPO is not made for VW truck boss [M] PR The truck brands of the Volkswagen Group are growing together, but an IPO is not necessarily linked to this Volkswagen wants to transform its commercial vehicle division Truck & Bus into a public company. An IPO is… Continue reading Renschler dampens expectation: IPO for VW truck boss not identified
VW trucks division open to taking over Navistar -CFO
MUNICH (Reuters) – Volkswagen’s (VOWG_p.DE) heavy-truck division sees taking over U.S. commercial truck partner Navistar International Corp (NAV.N) would to eventually make sense. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File Photo VW’s truck and bus division acquired a 16.9 percent stake in Navistar… Continue reading VW trucks division open to taking over Navistar -CFO
Group 1 Automotive Expands Presence in Brazil
HOUSTON, April 16, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the acquisition of a new Toyota market area in western São Paulo, Brazil as well as a major expansion to an existing Honda dealership located in the São Paulo suburb of São Bernardo do… Continue reading Group 1 Automotive Expands Presence in Brazil
PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
PRESS PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME Posted on Apr 16, 2018 Subang Jaya, 16 April 2018 – 2018 is an important year for PROTON after the acquisition of 49.9% shares by Geely as the Company undergoes numerous initiatives internally to ensure a successful turnaround in a short time. With the new partnership comes renewed… Continue reading PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Brussels, 16 April 2018 – The latest data shows that taxation on motor vehicles in the EU-15 is worth €413 billion annually – about three times the total budget of the European Union. This figure is up 4% compared with one year earlier. The data was published today in the 2018 Tax Guide of the… Continue reading Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Publications – ACEA Tax Guide
ACEA’s Tax Guide provides an overview of specific taxes that are levied on motor vehicles in European countries, as well as in other key markets around the world. Given that motor vehicles account for almost €413 billion in tax contributions in the EU-15, the ACEA Tax Guide is an indispensable tool for anyone interested in the… Continue reading Publications – ACEA Tax Guide
Li Shufu: Major shareholder Geely wants to push Daimler into alliance
All articles and backgrounds 04/16/2018 Li Shufu’s major shareholder Geely wants to push Daimler into alliance AP / Song fan – Imaginechina Is convinced of the value of further cooperation: Geely-chef and Daimler major shareholders Li Shufu One can not say that Dieter Zetsche had just received his new major shareholder Geely with open arms.… Continue reading Li Shufu: Major shareholder Geely wants to push Daimler into alliance
LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
6 M BY MARK KANE LG Chem announced two joint ventures with China’s Zhejiang Huayou Cobalt to supply battery material for hundreds of thousands of electric cars annually. Cobalt (source: Wikipedia) Zhejiang Huayou Cobalt is the world’s largest producer of refined cobalt (20,000 tons in 2017) and LG Chem needs a lot of cobalt these… Continue reading LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year