VL Automotive, a Detroit venture backed by former General Motors’ vice chairman Bob Lutz, is moving ahead with plans to convert Fisker Karmas from hybrid power to Corvette power.
Tag Archives: Mergers
a Chinese chairman for PSA – maybe
A split in the Peugeot family over whether to invest more money in PSA/Peugeot-Citroen has led to fears that the French automaker could have a Chinese chairman, a scenario described by business daily La Tribune as “sacrilege.”
PSA is said to be discussing a capital increase of 3 billion euros. The automaker’s Chinese partner Dongfeng Motor and the French government would each pay 1.5 billion euros for stakes of between 20 percent and 30 percent.
Report suggests Dongfeng, French gov’t to take stakes in PSA
PSA/Peugeot-Citroen is preparing a 3 billion euro ($4.1 billion) capital increase in which Chinese partner Dongfeng and the French government would take matching stakes in the carmaker, people with knowledge of the matter said.
Denso acquires 50% of ADASENS, German driver-assistance company
Toyota-affiliated supplier Denso Corp. is acquiring a 50 percent stake in ADASENS Automotive, a German producer of driver assistance systems.
Porsche plaintiffs lose bids for access to German prosecutors’ files
Plaintiffs seeking damages against Porsche SE over its failed takeover of Volkswagen in 2008 have been denied access to German prosecutors’ files that might have helped their civil lawsuits.
