The 2014 Macan would be unveiled by Porsche at an auto show in Los Angeles in 37 days. Porsche would be unveiling the Macan in 37 days. The 2014 SUV model would be shown at an auto show to be held in Los Angeles.
Automotive
Advance Auto Parts agrees to acquire General Parts International
Advance Auto Parts would acquire General Parts International to form the largest automotive aftermarket parts provider in North America.
Retrax acquired by Kinderhook's Tectum Holdings LLC
No financial details were provided in the acquisition of Applied Products Inc or Retrax by Kinderhook's Tectum Holdings LLC.
VEBA pegs Chrysler stake at USD3.6 billion
VEBA Trust pegs shareholdings at USD3.6 billion. The healthcare trust affiliated with the United Auto Workers union had finally placed a price tag on the worth of its shares in Chrysler Group.
Hankook Tire invests USD 800 million for first US factory
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
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Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Chinese carmaker and France to contribute EUR1.5 billion individually for the expansion of Peugeot in Europe and in Asia.
Rhiag had entered into definitive agreements for its acquisition by Apax Partners through its Apax Fund.
French carmaker Peugeot-Citroen said it would be considering new cooperation agreements with various firms to fund its overseas expansion efforts.
Monomoy Capital Partners would acquire Escort Inc through the credit assistance of Monroe Capital. A funding worth USD78. 5 million senior secured credit facility was put in place by Monroe Capital to support the acquisition of Escort Inc.
