Chinese carmaker and France to contribute EUR1.5 billion individually for the expansion of Peugeot in Europe and in Asia.
Automotive
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.
South Africa economy in danger with BMW investment embargo - analysts
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Porsche reveals photos of 2014 Macan
Porsche released teaser photos of its 2014 sport utility vehicle or SUV model, the Macan. German carmaker Porsche released teaser photos of its 2014 Macan for its fans.
Latest News
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.
