Automotive NEWS

Online car market Auto Trader invests in Chinese Biauto Holdings

Chinese Internet content and marketing services group Bitauto Holdings Limited (NYSE:BITA) on Friday said US digital automotive marketplace operator AutoTrader Group Inc would invest USD58.5m (EUR45.3m) to buy some 21.8% in it. The … Continue reading “Online car market Auto Trader invests in Chinese Biauto Holdings”


Dutch CNH Global considers merger with Fiat Industrial

Dutch agricultural and construction equipment group CNH Global NV (NYSE:CNH) said it had put together a special committee of independent directors to review the business combination proposal received from Italian majority owner Fiat … Continue reading “Dutch CNH Global considers merger with Fiat Industrial”


Peugeot, Fiat to end Sevelnord Joint-Venture

French carmaker PSA Peugeot Citroen (EPA:UG) said it plans to terminate its French joint venture Sevelnord with Italian partner Fiat SpA (BIT:F) and presented a project agreement to that effect to the venture’s … Continue reading “Peugeot, Fiat to end Sevelnord Joint-Venture”


German car giants Volkswagen and Porsche to complete merger

The boards of Porsche Automobil Holding SE (ETR:PAH3) andVolkswagen AG (ETR:VOW), or VW,  have approved a merger plan that will see the creation of an integrated automotive company on 1 August 2012. VW … Continue reading “German car giants Volkswagen and Porsche to complete merger”


UK private equity firm CVC sells Formula 1 stake for $500m

British private equity firm CVC Capital Partners Ltd said it had disposed of further stock in motor sport racing company Formula 1 to several funds managed by US investor Waddell & Reed Investment … Continue reading “UK private equity firm CVC sells Formula 1 stake for $500m”


US private equity sponsor Ceberus exits Guilford Mills in $257m deal

US private equity major Cerberus Capital Management LP said it had completed its exit from Guilford Mills Inc, selling the North Carolina-based manufacturer of automotive and speciality fabrics for USD257m (EUR205m). The business … Continue reading “US private equity sponsor Ceberus exits Guilford Mills in $257m deal”


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