CLESSIDRA SGR: acquisition of 100% of Scrigno Group

Fourth investment by Clessidra Capital Partners 3, following Roberto Cavalli, ABM Italia and Nexi Clessidra SGR, the leading Italian private equity firm, entered today into a definitive agreement for the acquisition of the entire share capital of Scrigno Group. Based in Rimini, Scrigno is a leading manufacturer and distributor of counter-frames...

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M&A: A reputation minefield

One of the most significant mergers in British retail history is currently in the offing. As Sainsbury’s and Asda navigate the complexities of knitting together two shopping brands that speak to different shopping cultures and consumer heartlands, we look at the opportunities, and the possible pitfalls that are emerging. How can these two retail behemoths...

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HNA turns M&A norms around again

Everyone used to want to be on the sell side; now they want to be on the buy side.In recent months, there has been a new game in Hong Kong investment banking called ‘Distance yourself from HNA’. It is easy to play. On the way up, everyone wanted to advise HNA, the acquisitive-though-opaque Chinese conglomerate whose big holdings include stakes in...

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MENA drops 57.6% in value of M&A

The value of mergers and acquisitions in the Middle East and North Africa region declined by 57.6 per cent in 2017, despite the deal count maintaining almost the same level as the previous year, according to Mergermarket, a provider of M&A data and intelligence. For full year 2017, 126 deals worth approximately $16 billion (Dh58.76 billion) were recorded...

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Lacklustre Latin America M&A in Q1 2018

Argentina, Brazil propped up Latin American PE and VC value The volume and value of mergers and acquisitions (M&A) targeting companies in South and Central America totalled 144 deals worth an aggregate USD 12,594 million in the first quarter of 2018, according to information collected by Bureau van Dijk, a Moody’s Analytics company, and the leading...

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Automation

Will NASCAR go electric?

NASCAR, a powerful marketing platform, could help automakers sell mainstream America on the electric vehicle. But getting the NASCAR fan base to accept whirring electric motors in place of roaring engines will take time.Read More

Henrik Fisker's comeback powered by new battery

Automotive design maven Henrik Fisker's new venture might be less about the automobile than the technology that will power it.Read More

Ford welcomes workers back with re-entry program

Ford last fall launched the Career Re-Entry Program, which offers six-month assignments in product development, information technology and manufacturing jobs.Read More

Nissan seeks better terms in Renault merger talks

As Nissan and Renault discuss ways -- including a possible merger -- to strengthen their ties, Nissan is resisting a combination unless the company gains more clout in key areas, Bloomberg reported.Read More

Infineon to invest $1.9 billion in Austrian chip plant

Infineon will spend 1.6 billion euros ($1.9 billion) over six years to build a new factory in Austria, in a bet on rising demand for semiconductors that go in everything from electric cars to wind turbines.Read More

BMW expands UK vehicle recall to 390,000 cars

BMW is expanding a recall of vehicles in Britain by 88,000 cars to a total of 390,000. The move comes in the wake of a BBC investigation that found some vehicles could cut out completely while being driven.Read More

German cities free to ban older diesel cars immediately

German cities are entitled to ban older diesel vehicles from streets with immediate effect to bring air pollution levels in line with EU rules, Germany's top administrative court confirmed.Read More

How a year with IndyCar shaped Ford's Hau Thai-Tang

Early in his engineering career at Ford, product development and purchasing boss Hau Thai-Tang was embedded with Newman/Haas Racing for the 1993 IndyCar season. Here's what he learned.Read More

MacLean-Fogg's quest for a better lug nut

Fastener and metal component supplier MacLean-Fogg overhauled its entire concept of invention, implementing new design-thinking processes to spur everyday innovation.Read More

Crosstrek drives sales for Subaru

The Subaru Crosstrek, which began life as a lifted Impreza hatchback in 2012, has turned into a sales workhorse for Subaru of America.Read More

Porsche to recall diesel SUVs over manipulated engines

Porsche will recall almost 60,000 Cayenne and Macan diesel SUVs in Europe to fix manipulated engines after Germany's auto industry regulator, the KBA, found software functions that are illegal.Read More

Nissan's 54-year old CFO retires

Joe Peter, who spent most of his career at General Motors, has retired as CFO of Nissan.Read More

AutoNews Now: GM gives pickup wars a 4-cylinder shakeup

GM gives pickup wars 4-cylinder shakeup; GT builder hires ousted Ford exec; Twist in FCA case; Nissan holding out?; 'The Closer': Shed with treads; exhausted chickens; sweet reward.Read More

Ex-Ford exec Raj Nair named president of Canadian racing firm Multimatic

Raj Nair, ousted in February by Ford for unspecified "inappropriate behavior," has been hired by Multimatic, which builds the GT supercar Ford developed under his leadership.Read More

Musk's boardroom buddy raises investor hackles at Tesla

He's appeared at a Tesla product unveiling and a SpaceX launch while his boardroom chairs have sat empty. Now, Steve Jurvetson is surfacing as the central figure in a debate over Tesla's governance.Read More

Adient's future headquarters in Detroit damaged in fire

About 50 firefighters responded to a fire early Friday morning at the Marquette Building in downtown Detroit, which is undergoing a $50 million renovation to become the new headquarters for Adient Ltd.Read More

Mercedes to make compact EV in France

Daimler plans to invest $589 million into its plant in Hambach, France, to start producing a compact electric car for Mercedes.Read More

FCA emails suggest alleged diesel emissions violations surfaced in 2010

Suppliers to Fiat Chrysler Automobiles discussed alleged illegal use of software to pass emissions tests in 2010, according to emails disclosed in federal court in San Francisco this week.Read More

Marchionne plans big shift in FCA's vehicle assembly in Italy, report says

FCA CEO Sergio Marchionne is planning a sweeping transformation of production in Italy that will see FCA abandon the manufacture of the Punto and MiTo small cars in favor of upscale models, Bloomberg reported.Read More

First Shift: New engine lets Silverado run on 2 cylinders

New I-4 engine lets Silverado run on 2 cylinders; Report: FCA overhaul in Italy; Toyota EV to carry GAC badge in China; VW ads say 'Betta Getta Jetta'; M-B starts G class output.Read More