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: Strategy
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
Nissan and Renault in merger talks, says report
Industry by Sam Sheehan, Autocar UK Mar 29, 2018 Renault and Nissan already share platforms and technology in their cars Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016,… Continue reading Nissan and Renault in merger talks, says report
Nissan and Renault could merge to form one company, says report
Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016, helping the trio to overtake the Volkswagen Group as the largest car company in the world. But… Continue reading Nissan and Renault could merge to form one company, says report
SAIC may set up car factory in Egypt
A worker checks the quality of newly made cars at an assembly line of SAIC Motor in Qingdao, East China’s Shandong province. [Photo by Yu Fangping/For China Daily] CAIRO－China’s giant carmaker SAIC Motor is planning to set up a car manufacturing factory in Egypt, a top Egyptian official said on Sunday. Egypt’s Minister of Trade… Continue reading SAIC may set up car factory in Egypt
Renault shares jump after Nissan merger report
Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. Bloomberg reported that the companies are discussing becoming one entity with a single stock. The companies have been in a strategic alliance since 1999. Asked about the… Continue reading Renault shares jump after Nissan merger report
Jaguar ‘R’ models facing the axe
Jaguar is likely to kill of ‘R’ versions of future models to avoid confusion and to allow its SVR models “to shine”. Traditionally the British brand has used the letter ‘S’ to denote sporty models and ‘R’ for the most powerful derivatives. But since the re-launch of Jaguar Land Rover’s Special Vehicle Operations (SVO) division… Continue reading Jaguar ‘R’ models facing the axe
Refreshed 2019 Kia Optima Debuts At New York International Auto Show
NEW YORK, March 28, 2018 /PRNewswire/ — The refreshed 2019 Kia Optima debuted at the New York International Auto Show today. Kia’s best-selling midsize sedan was unveiled with new design cues inside and out, expanded ADAS technology, a new UVO infotainment strategy and available European-inspired red and black two-tone sport leather-trimmed seats. Additional available enhancements… Continue reading Refreshed 2019 Kia Optima Debuts At New York International Auto Show
Before Annual General Meeting – Attack on VW Board and Supervisory Board: “At last four independent VW supervisory boards find”
All articles and backgrounds 03/28/2018 Before Annual General Meeting – Attack on VW Board of Management and Supervisory Board “Finally Find Four Independent VW Supervisory Boards” DPA Showdown at Volkswagen: Before the Annual General Meeting on May 3, there are numerous countermotions – shareholder protectors accuse the Executive Board and the Supervisory Board of failing… Continue reading Before Annual General Meeting – Attack on VW Board and Supervisory Board: “At last four independent VW supervisory boards find”
BMW Group and Daimler AG agree to combine mobility services
· Automotive pioneers and innovation leaders to shape sustainable urban mobility of the future · Strong alliance to create unique customer offering: seamless, multimodal, fast and readily available · Ecosystem for on-demand mobility: single source for CarSharing, Ride-Hailing, Parking, Charging and Multimodality · Sustainable solutions for challenges of urban mobility and better quality of life… Continue reading BMW Group and Daimler AG agree to combine mobility services