Automotive NEWS

Company Cars: An Introduction

Company cars are a simple concept, but one that some businesses are reluctant to invest in. Whether you consider yourself to be a large or small outfit though, there is plenty that a … Continue reading “Company Cars: An Introduction”


Private equity firm Investindustrial invests £150m in Aston Martin

European private equity firm Investindustrial said on Friday it agreed to buy a 37.5% stake in UK sports and luxury cars maker Aston Martin Lagonda Ltd for GBP150m (USD240.4m/EUR186m) via a capital increase. … Continue reading “Private equity firm Investindustrial invests £150m in Aston Martin”


German Bosch unveils €1.1bn disposal of Denso stake

German technology supplier Robert Bosch GmbH said on Thursday it had recently disposed of its remaining 5% stake in Japanese car parts maker Denso Corp (TYO:6902) for around EUR1.1bn (USD1.4bn). Robert Bosch Investment … Continue reading “German Bosch unveils €1.1bn disposal of Denso stake”


UK transport group Stagecoach acquires Manchester operator Bluebird

British bus and rail public transportation provider Stagecoach Group Plc (LON:SGC) said today it will acquire the north Manchester bus activities of private operator Bluebird for GBP2m (USD3.2m/EUR2.5m). The deal was signed and … Continue reading “UK transport group Stagecoach acquires Manchester operator Bluebird”


Online car market Auto Trader invests in Chinese Biauto Holdings

Chinese Internet content and marketing services group Bitauto Holdings Limited (NYSE:BITA) on Friday said US digital automotive marketplace operator AutoTrader Group Inc would invest USD58.5m (EUR45.3m) to buy some 21.8% in it. The … Continue reading “Online car market Auto Trader invests in Chinese Biauto Holdings”


Dutch CNH Global considers merger with Fiat Industrial

Dutch agricultural and construction equipment group CNH Global NV (NYSE:CNH) said it had put together a special committee of independent directors to review the business combination proposal received from Italian majority owner Fiat … Continue reading “Dutch CNH Global considers merger with Fiat Industrial”


Peugeot, Fiat to end Sevelnord Joint-Venture

French carmaker PSA Peugeot Citroen (EPA:UG) said it plans to terminate its French joint venture Sevelnord with Italian partner Fiat SpA (BIT:F) and presented a project agreement to that effect to the venture’s … Continue reading “Peugeot, Fiat to end Sevelnord Joint-Venture”


German car giants Volkswagen and Porsche to complete merger

The boards of Porsche Automobil Holding SE (ETR:PAH3) andVolkswagen AG (ETR:VOW), or VW,  have approved a merger plan that will see the creation of an integrated automotive company on 1 August 2012. VW … Continue reading “German car giants Volkswagen and Porsche to complete merger”


UK private equity firm CVC sells Formula 1 stake for $500m

British private equity firm CVC Capital Partners Ltd said it had disposed of further stock in motor sport racing company Formula 1 to several funds managed by US investor Waddell & Reed Investment … Continue reading “UK private equity firm CVC sells Formula 1 stake for $500m”


US private equity sponsor Ceberus exits Guilford Mills in $257m deal

US private equity major Cerberus Capital Management LP said it had completed its exit from Guilford Mills Inc, selling the North Carolina-based manufacturer of automotive and speciality fabrics for USD257m (EUR205m). The business … Continue reading “US private equity sponsor Ceberus exits Guilford Mills in $257m deal”


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