The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported on Tuesday.
Automotive
Bain Capital LLC is in discussion for the acquisition of TI Automotive
With an earlier attempt at acquisition two years ago, Bain Capital now is in advanced discussions for the purchase of TI Automotive, the maker of fuel tanks and other automotive components.
Mexico becoming Nissan's export hub for Americas - CEO
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
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.
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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.
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.
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.
