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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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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Seedcamp announces final close of fourth fund at £60M with support from over 100 Seedcamp founders, angels and mentors via Seedrs

The oversubscribed final close includes contributions of £2M from Seedcamp founders across the fund’s 11 year history through an innovative collaboration with crowdfunding platform, Seedrs Seedcamp announces second close of Fund IV at £60M£2M has been raised from over 100 Seedcamp founders, mentors and angels through a new partnership with SeedrsCollaboration...

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Western European M&A value nearly doubles year-on-year

PE and VC investment down in April The volume and value of mergers and acquisitions (M&A) targeting companies based in Western Europe declined in April to 1,741 deals worth a combined EUR 129,536 million, according to M&A information collected by Bureau van Dijk, a Moody’s Analytics company, and the leading publisher of company information....

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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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Automation

How electrification is shaking up supply chain

Electrification #8211; from drivetrains to smaller components such as heaters and suspensions #8211; is shaking up the supply chain, analysts and industry executives say.Read More

GM sees Turin randd center feeding diesel revival

This northern Italian industrial city of Turin is home to a key operation in General Motors' drive to reduce fuel consumption in its combustion engines in the U.S. and globally.Read More

Regulators are trying to keep pace with self-driving tech

Critics fear government authorities are falling behind in evaluating and approving guidelines for road readiness of self-driving technologies.Read More

McLaren North American President Tony Joseph makes supercar brand easier to find

McLaren North America President Tony Joseph has been with the brand since it set up shop nine years ago, watching it grow from fledging operations to a growing retail base.Read More

BMW and Audi dealers in U.S. call Trump tariff plans 'scary' and 'tragic'

Ask dealers about President Trump's threatening to tax imports of European models, and they'll tell you buyers of those cars might as well throw the money saved on their tax bills out the window.Read More

AutoNews Now: Trump raises stakes in tit-for-tat tariff spat

Trump raises stakes in tit-for-tat tariff spat; 'American' Hondas dominate list; Daimler names new Smart chief; VW Group's brand power; The functional and foolish.Read More

First Shift: Chevy reinvents Blazer; UAW blasts production site

Chevy reinvents Blazer, UAW blasts production site; Uber driver was streaming TV show, cops say; Ally settles lawsuit; Tesla to shutter solar facilities?; Hyundai's war on clones.Read More

Tesla suffers another fire at Calif. plant

A machine used for paper recycling caught fire late Thursday at Tesla's plant in Fremont, Calif., outside the company's main EV assembly line, but manufacturing was unaffected.Read More

BMW and Audi dealers call Trump tariff plans 'scary' and 'tragic'

Ask dealers about President Trump's threatening to tax imports of European models, and they'll tell you buyers of those cars might as well throw the money saved on their tax bills out the window.Read More

VW may seek damages from Winterkorn over emissions violations

Volkswagen is reviewing whether to seek damages from former CEO Martin Winterkorn, who was at the helm when the company disclosed it had cheated on emissions tests.Read More

Daimler names sales, HR expert Karen Adt as new Smart boss

Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler, who is stepping down after eight years running the brand.Read More

Joyson Safety Systems names Guido Durrer as CEO

Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as CEO.Read More

2018 Jeep Cherokee tops Cars.com's index of U.S.-made vehicles

The Jeep Cherokee SUV climbed to the top spot on a key index of American-made vehicles in the 2018 model year from second in 2017.Read More

Dana buys majority stake in Canada's TM4 to expand EV reach

Dana is buying a majority stake in Canada's TM4 for $127 million, allowing the automotive supplier to produce more components for electric vehicles, and to increase its reach in China.Read More

Elon Musk's Tesla plans to cut residential solar panel business, Reuters reports

Tesla's move to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial transaction, Reuters reported.Read More

Audi engineer fired for diesel-cheat role wins $1.7M payout, report says

Audi is paying more than 1.5 million euros ($1.74 million) in severance pay to an engineer caught up in its diesel-cheating scandal, a German media report said.Read More

Daimler sales, HR expert is new Smart boss

Daimler executive Karen Adt will become the head of the Smart brand, succeeding Annette Winkler.Read More

Ghosn says 'zero' chance of Renault taking over Nissan, Mitsubishi

Renault absorbing Nissan and Mitsubishi is not an option as the automakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said.Read More

PSA said to to lease China assembly plant to Nissan

PSA, which operates well below production capacity in China, will lease one of its vehicle assembly plants in Wuhan to Nissan starting this year, according to a Chinese media report.Read More

Germany's glitziest car awards canceled over diesel

Germany's most prestigious automaker awards will go to no one this year as manufacturers reel from the latest turns in a diesel-emissions scandal plaguing the industry.Read More