More in Restructuring

  • 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
  • Newswire

    UPDATE 2-China tells German auto suppliers to find partners - paper  

    * Chinese regulator becoming increasingly assertive * Executive says companies targeted for their expertise * Several companies say unaware of such Chinese demands (Adds comments from ElringKlinger interview, company reactions, background) By Edward Taylor and Samuel Shen...More
  • Newswire

    Fiat Investors Approve Merger Into Dutch-Registered Fiat Chrysler Automobiles  

    Should all those who voted against the merger exercise their exit rights, the merger still could fail according to a condition set as part of the merger....More
  • Newswire

    Proxy Adviser Recommends Against FCA Cross-Border Merger  

    Fiat investors should vote against a cross-border merger of the two automakers, advisory group ISS says, because the action would diminish shareholder rights....More
  • Newswire

    Opel to Offer Low-End Cars in Post-Chevy Europe, Source Says  

    General Motors' European arm hopes to recapture Chevrolet buyers since that brand's exit from the region and gain ground lost to entry-level brands such as Dacia and Skoda, a source says....More
  • Newswire

    Unaware of VW-FCA Merger Talk, Porsche Holding Company Chair Says  

    Wolfgang Porsche, supervisory board chairman of Volkswagen majority owner Porsche Automobil Holding, says he doesn't "know anything about talks with Fiat" after a German magazine reported VW was interested in buying all or part of Fiat Chrysler Group....More
  • Jul 10, 2014
    blog

    Barra Driving Change at GM

    Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
  • Newswire

    Fiat Sets Aug. 1 Shareholder Vote on Chrysler Merger  

    Approval of the merger with Chrysler will allow Fiat CEO Sergio Marchionne to list the merged Fiat Chrysler Automobiles in New York by year's end....More
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