Automotive

Altra inks EUR80.1 million acquisition deal to acquire Denmark's Svendborg

Power transmission product maker inked a definitive deal to acquire Danish energy company Svendborg for EUR80.1 million.


Top deals of the day - M&As

The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported on Tuesday.

Advantage Rent a Car to seek bankruptcy protection

Advantage Rent a Car was hived off by Hertz to comply with regulatory authorities. Advantage Rent A Car would be filing for bankruptcy after Hertz had terminated lease agreements over vehicles that Advantage was able to use in its operations.

First non Russian CEO appointed to Lada

Lada is set for major developments, such as the appointment of its first non Russian CEO. Bo Andersson was recently appointed by OAO AvtoVAZ as its new CEO.


Latest News

The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Investment firm's portfolio company acquired plastic coatings manufacturer in a recent transaction.
Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.
Despite its planned investment in Peugeot Citroen, General Motors Co said its relationship with the Shanghai Automotive Industry Corp or SAIC remained strong.
Volkswagen's sales in the US remained a mystery to its manufacturers. Volkswagen AG (VW), the world's third largest automaker in the world, is disappointed with its US sales, according to Bloomberg report.
Chrysler amended some of the statements it made for its initial public offering filing. Chrysler Group made changes to its registration statement for its initial public offering.
Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Despite saying the deal is finalized, a Dongfeng executive said it may take a bit more time before its completion.
The purpose of Mitsubishi Motors Corp's public share offer is to pay back shareholders through the buyback of preferred shares.
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