Bharat Forge divests 26% from ABFP to GE Bharat Forge has completed its divestment from the former joint venture with French multinational Alstom. The Indian component major announced completion of the sale of balance equity of 26 percent in the power equipment JV to GE. With this, the company has completed the divestment of its shareholding in Alstom… Continue reading Bharat Forge exits JV with GE
Tag: M and A
Aston Martin is looking for a shoulder to lean on
Even James Bond always ends up relying on someone, or someone. Aston Martin has regained its luster, but the British manufacturer of luxury cars dear to the secret agent has still been thinking of finding a shoulder, by the end of the year perhaps. “We are building a company that can survive by selling at… Continue reading Aston Martin is looking for a shoulder to lean on
Cypress to power in-vehicle communications in Audi A8
Cypress Semiconductor has announced that e.solutions GmbH, a joint venture of Audi and Elektrobit, has integrated Cypress’ wireless connectivity solution into its design for new in-vehicle communication units, including in the 2018 Audi A8. The solution is the industry’s first to implement Real Simultaneous Dual Band (RSDB) technology which enables two unique data streams to… Continue reading Cypress to power in-vehicle communications in Audi A8
Volkswagen increases dividend: Record profit, record sales – but VW remains cautious
All articles and backgrounds 02/23/2018 Volkswagen raises dividend record profit, record sales – but VW remains cautious DPA VW CEO Matthias Müller: More profit, more sales, more dividend Money machine despite the diesel scandal: Europe’s largest car maker Volkswagen Show stock market chart has almost doubled its operating profit in the midst of scandals and… Continue reading Volkswagen increases dividend: Record profit, record sales – but VW remains cautious
Nissan production, sales and exports for January 2018
YOKOHAMA, Japan (Feb. 27, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for January 2018. 1. Production Nissan’s global production in January surpassed year-earlier results, the first increase in four months, setting a record for the month of January. Production in Japan declined from a year earlier. Production outside Japan… Continue reading Nissan production, sales and exports for January 2018
Aston Martin Posts First Profit in Eight Years
Aston Martin Holdings Ltd. is looking for a “big brother” partner in order to survive as a low-volume, luxury carmaker, even after it posted its first profit in eight years and prepares for a potential initial public offering. The manufacturer famous for making film spy James Bond’s favorite car could use a combination of capital… Continue reading Aston Martin Posts First Profit in Eight Years
Gestamp recorded revenues of €8,202m in 2017
2.26.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded revenues of €8,202m in 2017, according to its full year results. Revenues have increased by 8.6% over the previous year, more than six times the growth of production volumes in Gestamp’s footprint… Continue reading Gestamp recorded revenues of €8,202m in 2017
Pony.ai launches a self-driving ride-hailing fleet for public use in China
Autonomous driving technology startup Pony.ai has become the first company to operate an autonomous ride-hailing service on public roads for public users in China. The company, just over a year-old, recently raised $112 million in a Series A round to help it accelerate its efforts, and its fleet is running a nearly two-mile route in… Continue reading Pony.ai launches a self-driving ride-hailing fleet for public use in China
Aston Martin gears up for IPO with first pre-tax profit since 2010
LONDON (Reuters) – Aston Martin delivered its first annual pre-tax profit since 2010 on Monday after last year’s sales reached a nine-year high, while the luxury British carmaker also confirmed it is considering a stock market flotation. Pre-tax profit reached 87 million pounds ($122 million) last year at fictional spy James Bond’s car brand of… Continue reading Aston Martin gears up for IPO with first pre-tax profit since 2010
Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia