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CHRYSLER DAIMLER MERGER
Carmakers shift up a gear in race to go electricThat follows a recent announcement that Daimler AG will take a 33% stake in battery cell manufacturer Automotive Cells Company (ACC), found...
Renault and Nissan rule out merger as they unveil survival planThe new plan, which entails cutting the alliance's vehicle ranges by a fifth, pooling manufacturing by region and capitalising on joint des...
Deal interrupted! Diageo-United Spirits acquisition and other partnerships that went southDiageo has refused to pay the outstanding sum of $35 mn to Vijay Mallya for acquiring United Spirits.
Tata Corus was never integrated into global operationsIf you have acquired a company, you cannot be an advisor. You have to be present as the executive authority with your own people.
- Auto industry may don a new look
The global auto industry will be remodelled once economic crisis debris is cleared, but analysts are hazy over how many giants will be humm...
- Foreign MNCs can now carry forward losses
However, the section does not deal with a situation when the subject company is a subsidiary of a foreign company that is listed abroad.
- Fiat says needs partner; auto merger round eyed
Italian carmaker Fiat said it is too small to survive alone, heightening prospects of mergers in an industry battered by the economic crisi...
- Chrysler halts Renault-Nissan talks, favors GM: Report
Chrysler is no longer in talks with Renault-Nissan, leaving GM the apparent lead candidate to acquire the US automaker.
- Worries grow as GM-Chrysler talks gain momentum
In the doomsday scenario raising anxiety around the Motor City, General Motors Corp. makes a deal for Chrysler LLC, keeps Jeep and the mini...
- GM, Chrysler hold talks for merger
General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers.
- Billionaire Kerkorian discloses Ford stake, offers $8.50 a share for up to 20M shares
Billionaire Kirk Kerkorian, making yet another significant investment in a U.S.-based automaker, plans to make an offer that would expand h...
- German cars off their prime
German cars are too big, costly and polluting. The challenge is now from Toyota and Chinese upstarts like Chery and Geely.
- Magna, Cerberus, Blackstone lead the race for Chrysler
Magna International, Cerberus Capital Management and a team led by Blackstone Group and Centerbridge Partners are frontrunners to buy Daiml...
- Daimler not to Dodge issue, may sell Chrysler
Daimlerchrysler may sell or seek partners for its unprofitable Chrysler division, abandoning a nine-year attempt to build a global carmaker...
- DaimlerChrysler to get $221m from insurers
DaimlerChrysler will recover about e168 million ($221.5 million) from insurers in settling a dispute over the costs of a US class-action la...
- Volkswagen picks up 15.1% stake in MAN
Volkswagen bought a 15.1% stake in MAN, turning the tables on Europe’s third-largest truckmaker and blocking its attempted takeover of Swed...
- GM, Ford join forces against Japan
A grand alliance between rivals, General Motors and Ford can give Japanese auto giants sleepless nights.