Purchashing

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  • Newswire

    Report Says VW Preparing to Slash China Spending  

    A German magazine says the automaker, whose profits at its Chinese joint ventures are running 25% below year-ago, is preparing a cost-saving program in response to slumping demand....More
  • Newswire

    Ghosn: Nissan Eyeing Purchase of EV Batteries  

    The Nissan CEO tells The Wall Street Journal the automaker may follow alliance partner Renault's lead and purchase batteries for its electric cars, rather than build its own in a joint venture with NEC....More
  • Newswire

    UPDATE 4-Canadian auto parts maker Magna to buy Germany's Getrag for $1.9 bln  

    (Adds Getrag valuation, CFO comment and detail on advisers) By Euan Rocha and Allison Martell TORONTO/FRANKFURT, July 16 (Reuters) - Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion), in a bid to expand its automotive transmission systems business....More
  • Newswire

    BorgWarner to Buy EV-, Hybrid-Motor Maker Remy  

    Auto supplier BorgWarner, a major producer of turbocharging technology, is spending about $950 million to acquire hybrid-motor specialist Remy....More
  • Newswire

    BMW Among Bidders for ANZ Car-Finance Arm  

    Australia and New Zealand Bank Group's $6 billion-plus car- and equipment-loan book likely will draw bids not only from the German automaker but also from U.S. private-equity firms....More
  • Newswire

    EU Signs Off on Mahle Purchase of Delphi's A/C Business  

    The European Union's executive branch says it ruled the German auto supplier's $727 million purchase of Delphi's thermal systems business raised no competition concerns....More
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