Motherson Sumi Systems Ltd (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its subsidiary Samvardhana Motherson Automotive Systems Group (SMRP BV), has announced the proposed acquisition of Reydel Automotive Group (Reydel), a privately held portfolio company of Cerberus Capital Management (Cerberus) that manufactures interior components and modules for global automotive customers. The… Continue reading Motherson to acquire Reydel Automotive Group for $201m
Tag: PSA
VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars
Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as Volkswagen AG, which sparked the fury over the technology, predicts a rebound. The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news… Continue reading VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars
Auto: builders worry about new approval procedure
The dossier is already poisoning the day-to-day lives of European carmakers … and risks weighing on their production and margins this year. Carlos Ghosn himself issued a warning by commenting on the publication of Renault results in February : “There is a lot of uncertainty, we do not know at what rate authorizations will be… Continue reading Auto: builders worry about new approval procedure
Renault shares leap after Nissan merger report
Shares in Renault hit levels not seen for more than a decade on Thursday following a report the French brand is to merge with Nissan. The two companies, which have operated an alliance since 1999, would form a new, single, listed company under the plans being discussed, according to the Bloomberg financial news service which… Continue reading Renault shares leap after Nissan merger report
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
BMW, other carmakers to recall more than 47,900 vehicles: ministry
SEOUL, March 29 (Yonhap) — BMW, Mercedes-Benz and other carmakers will voluntarily recall more than 47,936 vehicles and motorcycles to fix faulty parts, the transport ministry said Thursday. BMW’s recall — set to begin on Friday — affects 25,732 units of the BMW 128i and 20 other models built between March 2, 2006, and Oct.… Continue reading BMW, other carmakers to recall more than 47,900 vehicles: ministry
Enders Group: New BMW dealership in Rüsselsheim
The car dealership Karl + Co now has a location in Rüsselsheim. © Photo: Enders Group In the commercial area of the “Opel-Stadt” the car dealership Karl + Co concentrates now on used cars and services. The Enders Group strengthens its business with BMW used cars and workshop services. The associated dealership Karl + Co… Continue reading Enders Group: New BMW dealership in Rüsselsheim
Groupe PSA 2017 Registration Document
RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) announces the publication of its 2017 Registration Document. The latter has been filed with the French Autorité des Marchés Financiers (AMF) and registered under D.18-0196, on March 28, 2018. The 2017 Registration Document is available on the Group’s web site www.groupe-psa.com/en, in its “Regulated Information” section. This… Continue reading Groupe PSA 2017 Registration Document
Car manufacturer in crisis: 20,000 euros special premium for every Opel employee who goes fast
Opel The car manufacturer has too much staff on board to meet the strict saving requirements of the new parent company PSA. (Photo: AP) The troubled carmaker Opel wants to bring about the reduction of jobs as quickly as possible: According to a report of the “Wirtschaftswoche” Rüsselsheimer pay each employee a premium of at… Continue reading Car manufacturer in crisis: 20,000 euros special premium for every Opel employee who goes fast
The new PEUGEOT 508 showcased at Peugeot Avenue Paris
Until the end of May 2018, Peugeot Avenue Paris is exclusively hosting the new PEUGEOT 508 during an event organised around the brand’s technological universe. Since 8 March, Peugeot Avenue Paris has been the only place in France where it is possible to see the brand’s radical new sedan. Two new PEUGEOT 508s were presented in… Continue reading The new PEUGEOT 508 showcased at Peugeot Avenue Paris