By Avantika Chilkoti in Mumbai
Shareholders have rejected a pay proposal for three senior executives at Tata Motors, the struggling Indian carmaker, highlighting a trend towards greater investor activism in Asia’s third-largest economy.
Monthly Archives: July 2014
UK car sales increase to a nine-year high
UK new-car sales reached a nine-year high in the first six months, rising 11 percent to 1.3 million.
China’s BAIC Motor Hires Banks for a $2 Billion I.P.O.
The Chinese carmaker BAIC Motor, partly owned by Daimler of Germany, has hired four banks for an initial public offering in Hong Kong worth up to $2 billion.
Audi delivers more than 50,000 cars in China in one month for the first time; 3x US sales
Audi achieved new record figures in the Chinese market in the first half of the year, increasing unit sales in China including Hong Kong and Macau by 17.8% to 268,666 automobiles.
Germany’s Kiekert names Karl Lambertz, new Asia chief
Kiekert, a German supplier of automotive door locks and latches, has named Karl Lambertz director of its Asian operations.
