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.
Automotive
Cooper seeks higher court to ruling on delayed takeover
Cooper had sought the jurisdiction of the Delaware Supreme Court to rule on the order by Delaware Chancery Court Judge Sam Glasscock III finding no fault on Apollo for the delayed merger.
Alfa Romeo seen halting overhaul due to pending Fiat-Chrysler merger
As the process to close the Fiat-Chrysler merger ongoing, automotive news site Autocar observed that Fiat had stopped its development plans on its Alfa Romeo vehicle series.
Delaware court issues ruling on Cooper-Apollo case
According to Judge Sam Glasscock, it found Cooper's allegations to be without merit as against the actions of Apollo in its buyout negotiations.
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.
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Renault SA, Nissan Motor Co and Mitsubishi Motors Corp expanded its existing joint venture to effective save production costs.
The fifth global business unit for Ford serving the Middle East and African regions would be headquartered at Dubai, in the UAE.
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.
