CIE Automotive SA of Spain will buy a majority stake in the Mahindra group’s combined auto component business. In a deal announced today, the Mahindra group will, in turn, become t...
Spain's CIE Automotive SA will buy a majority stake in the combined auto component unit of India's diversified Mahindra Group for about $116 million to get access to new markets and supply networks.
Toyota Tsusho Corp (TTC) will purchase 4.9% of shares in PT Astra Otoparts from its parent company, PT Astra International. The amount of shares that TTC acquires will be 886 billion Indonesian rupiah, or 9.3 billion Japanese yen.
In Indonesian...
Toyota Tsusho Corporation (TTC) will purchase 4.9% of shares in PT Astra Otoparts Tbk (AOP) from its parent company, PT Astra International Tbk or AI. TTC acquires the shares in AOP through book-building bid which was implemented by AI.
The secondary share sale in the Indonesian car parts maker attracts robust demand, with Japan’s Toyota Tsusho taking about one-third of the deal. The stock jumps after the transaction.
Profits at the car parts and bicycle retailer Halfords have fallen by almost 25%, after what the company described as a "demanding" trading environment.
A Chinese auto parts maker and a group led by former General Motors executive Bob Lutz have reportedly made a $20 million offer to buy Fisker, the electric car company that has collapsed in recent months.
Reuters reported the bid, citing "people...
AutoZone Inc , the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as U.S. customers undertook car repairs after a prolonged winter.
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