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: Takeovers
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.
Fiat may face 2015 trial over value of UAW Chrysler stock
Fiat Group may have to wait until 2015 for a trial over the value of some Chrysler Group shares owned by a union healthcare fund, further delaying a plan to combine the two companies.
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.
Saab parent’s $3 billion lawsuit versus GM thrown out by U.S. judge
Dutch sports car maker Spyker NV’s $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab was dismissed today by a U.S. judge who said the U.S. automaker had the right to block the sale of a company using its technology.
Spyker sued GM in August 2012, seeking damages and accusing the U.S. automaker of trying to stop a deal with Zhejiang Youngman Lotus Automobile Co. and eliminate a potential rival in the growing Chinese market.
