Tag: M and A

The new joint venture of Continental and Osram will enter 500 million annually

Posted 04/04/2018 13: 35: 01CET MUNICH (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of components for the Continental car has reached an agreement with the technological company Osram for the creation of a ‘joint venture’ that will combine the experience of both firms in lighting, light control and electronics, and will employ 1,500 employees,… Continue reading The new joint venture of Continental and Osram will enter 500 million annually

PSA will invest 100 million euros in the UK

PSA pursues its strategy on vans launched with its subsidiary Opel / Vauxhall, recently acquired. After the synergies put in place in Spain and Portugal, the group claims to be the European leader in light commercial vehicles (LCVs) and will invest around 100 million euros at its Luton site in England. The objective: to increase… Continue reading PSA will invest 100 million euros in the UK

China’s Meituan Dianping to acquire Mobike in $3.7b deal

April 4, 2018 Meituan Dianping, China’s top on-demand services platform, said on Wednesday it has agreed to acquire bike-sharing firm Mobike. Both firms are backed by Chinese gaming and social media firm Tencent Holdings Ltd. Meituan did not disclose the value of the deal, though local media said it was roughly $3.7 billion. Mobike will… Continue reading China’s Meituan Dianping to acquire Mobike in $3.7b deal

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018   Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.   Total sales in… Continue reading Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

(2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(ATTN: ADDS details throughout) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The… Continue reading (2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

JUMP Bikes weighing Uber $100m+ acquisition, investment offers

JUMP Bikes, the on-demand biking service that integrates with Uber, has been weighing both acquisition and investment offers. A decision has not yet been reached, but right now possible options include a sale to Uber at a price that exceeds $100 million, or a venture investment round, multiple sources tell TechCrunch. One of the possible… Continue reading JUMP Bikes weighing Uber $100m+ acquisition, investment offers

Tesla: Our Model 3 electric-car production line may beat Henry Ford's

CLOSE Elon Musk success with the Falcon Heavy reusable rocket, with a Tesla Roadster heading toward out to space, reveals his grand plan for colonizing Mars. USA TODAY Tesla CEO Elon Musk. (Photo: PETER PARKS, AFP/Getty Images) Facing scrutiny over its manufacturing capability, Tesla said Tuesday that production of its Model 3 electric car is… Continue reading Tesla: Our Model 3 electric-car production line may beat Henry Ford's