Restructuring

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  • Newswire

    Sources Say Ferrari Chairman Likely to Depart Soon  

    Sources say Luca Cordero di Montezemolo likely will resign as chairman of Ferrari by year-end because of differences over strategy with Sergio Marchionne, CEO of parent Fiat....More
  • Newswire

    UPDATE 2-Federal-Mogul to separate motorparts, powertrain businesses  

    (Adds analyst comment, updates share price) By Mridhula Raghavan Sept 3 (Reuters) - Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan-based supplier said the separation of the motorparts business, which largely caters to the replacement market, will be in the form of a tax-free spinoff to Federal-Mogul's shareholders....More
  • Newswire

    Fiat Confident Chrysler Merger Will Go Through  

    The Italian automaker says it does not expect its stockholder share-buyout plan to raise enough money to jeopardize completion of the merger....More
  • Newswire

    Former Porsche Execs Face Trial Over VW Takeover Bid  

    A German appeals court rules former Porsche CEO Wendelin Wiedeking and ex-finance chief Holger Haerter can be tried for allegedly concealing a scheme to take over Volkswagen in 2008....More
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