Continental is unable to complete its acquisition of U.S. rubber firm Veyance Technologies and may need to sell one of the target company’s divisions to win U.S. regulatory approval, Germany’s Bilanz magazine reported.
Category Archives: General Talk
Russia’s scrappage program lifts Lada sales,helps to counter Western sanctions
Russia’s cheap but often-derided Lada car is enjoying a modest turnaround from sliding sales, perhaps thanks more to a state program designed to counter Western sanctions than any burst of patriotism over the Ukraine crisis.
Government pressures Supermarkets to cut fuel prices
Supermarkets have cut around 1p off a litre of fuel following calls from the Government for fuel retailers to pass on savings to consumers.
Range Rover and Range Rover Sport new option Offroad cruise control
Land Rover has introduced a newly updated Range Rover, featuring tweaked engines, a new head-up display and cruise control designed to maintain speed over off road routes.
Marchionne increases his FCA stake to 1%
Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his stake in the automaker to 1 percent and nearly doubled his voting stake after exercising stock options and cashing in on a share price jump after a plan to spin off Ferrari was unveiled last week.
Marchionne owns 12.1 million shares in FCA, equivalent to a 1 percent stake in the company, up from 0.65 percent he had before. The shares were worth $134 million at Tuesday’s closing price in New York. Marchionne held 6.8 million shares before the transaction.
