MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
Tag: M and A
What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
All articles and backgrounds 05/29/2018 What makes major shareholder Hastor? Chinese Ningbo Jifeng wants auto supplier Grammer entirely DPA Production of car seats at car supplier Grammer in Kümmersbruck (Bavaria) Automotive supplier Grammer is about to be taken over by Chinese major shareholder Ningbo Jifeng. The Chinese have now officially submitted an offer to Grammer… Continue reading What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
All articles and backgrounds 05/29/2018 Vehicle rental company defies zeitgeist Sixt boss considers electric cars “serious political mistake” DPA CEO of Sixt AG, Erich Sixt Erich Sixt rumbles again against electric cars, “I do not believe in e-cars, that’s politically a serious mistake,” said the boss and major shareholder of Germany’s largest car rental company… Continue reading Vehicle rental defies Zeitgeist: Sixt boss thinks electric cars are “serious political mistakes”
Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
Posted 05/29/2018 11:04:10 PM PULLACH (GERMANY), May 29 (EUROPA PRESS) – The rental company of vehicles and mobility services Sixt recorded a consolidated profit of 214.6 million euros in the first quarter of the current year, which means multiplying by more than eight the figures recorded in the previous year. The German company explained that… Continue reading Sixt multiplies its quarterly profit by eight from the sale of its share in DriveNow
Hendy Group acquires used car outlet in Portsmouth
Hendy Group is set to expand its used vehicle business with the acquisition of the Unbeatablecar Portsmouth outlet for an undisclosed sum. Hendy already operates Ford, Honda, Kia and commercial vehicle businesses in the city. The new site will be rebranded and open for business as Hendy Car and Van Store on 1 July. The site… Continue reading Hendy Group acquires used car outlet in Portsmouth
Hendy Group acquires Portsmouth’s Unbeatablecar used car supermarket
Hendy Group has announced the acquisition and opening of a new used car and van store in Portsmouth as part of an ongoing expansion which is set to drive a countinued rise in annual turnover.
Geely launches new energy strategy
Shanghai (Gasgoo)- China powerful automaker Geely launched the Baorui GE on May 28 in Ningbo Hangzhou Bay New Area. During the launching ceremony, Geely also launched its latest new energy strategy. It is revealed that the Baorui GE has a PHEV version and a MHEV version involving 8 variants with price range between RMB 136,800… Continue reading Geely launches new energy strategy
Acquisition: Chinese major shareholder reaches for Grammer
The automotive supplier has confirmed advanced negotiations with affiliated companies of the investor Ningbo Jifeng. The auto supplier Grammer may be close to one takeover by the Chinese major shareholder Ningbo Jifeng. The company confirmed advanced negotiations with affiliated companies of Ningbo Jifeng early this morning in Amberg, which could lead to a voluntary public… Continue reading Acquisition: Chinese major shareholder reaches for Grammer
Volkswagen: 132,000 VW and Skoda cars recalled in Russia
Volkswagen A good 132,000 vehicles of the VW Polo and Skoda Rapid models are recalled in Russia. (Photo: dpa tmn) MoscowVolkswagen has in Russia a voluntary recall of a good 132,000 vehicles of the brands VW and Skoda announced. It concerns the models VW Polo and Skoda Rapid, said the Russian regulator on Tuesday. There… Continue reading Volkswagen: 132,000 VW and Skoda cars recalled in Russia
China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
May 29, 2018 Ningbo Jifeng Auto Parts Co. affiliates are in talks to buy out partner Grammer AG in a possible deal that could value the German maker of vehicle seats at about 750 million euros ($872 million). The German company said in a stock exchange statement Tuesday that it had received an indicative proposal… Continue reading China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal