Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
TIMELINE: A look at UAW-Detroit 3 negotiations and the looming union strike threat
The escalation comes as negotiations over a new deal, which began in July, between the union and Ford, GM and Chrysler parent Stellantis have yet to result in an agreement......»»
Chinese financial reporting prioritizes communicating stability, strong connections to stakeholders vs. shareholders
It's commonly accepted that U.S. and Chinese companies treat financial reporting and disclosure differently......»»
Hybrid vehicles get another U.S. boost from Ford, others
Ford is the latest of several top automakers, including Toyota and Chrysler parent Stellantis, planning to build and sell hundreds of thousands of hybrid vehicles in the U.S. over the next five years......»»
Looking back on Chrysler 300"s run as a pop culture staple
The assembly plant for the car driven by Snoop Dogg and former President Barack Obama is being retooled to build EVs......»»
China blocks Intel’s $5.4B merger with Tower Semiconductor
Deal ends with Intel paying a $353 million termination fee to Tower. Enlarge (credit: NurPhoto / Contributor | NurPhoto) Today, Intel officially announced the termination of a $5.4 billion deal with Tower Semiconductor t.....»»
New report reveals dramatic rise in cash earnings of shareholders in Britain"s big 2 oil companies
Amid the cost of living crisis in a world getting rapidly hotter, a new report published today reveals the staggering £113bn cash earnings of BP and Shell shareholders......»»
Live talk at noon Wednesday: The dealership buy-sell market
Stephen Dietrich, partner at Holland & Knight, will share insights on dealership merger and acquisition activity with Automotive News Executive Editor Jamie Butters and Retail Senior Editor Melissa Burden......»»
SEC sues two ex-Canoo executives over reporting failures
The SEC said former executives misled investors about the company's financial prospects before it went public in a merger with a special purpose acquisition company in December 2020......»»
Apple paying out $0.24 per-share dividend on August 17
Following Apple's latest earnings report edging out Wall Street predictions, the company's board of directors has authorized a new cash dividend for shareholders, payable in mid-August.Steve Jobs Theater at Apple ParkApple on Thursday announced its l.....»»
Francois Castaing, engineering ace behind Chrysler"s 1990s hits, dies at 78
Francois Castaing developed the concept of platform teams at Chrysler, breaking down silos between departments, such as engineering, purchasing and design......»»
Researchers look at who"s to blame for financial fraud
When companies deceive shareholders about earnings or commit other kinds of accounting fraud, the legal fireworks can be spectacular. Even if the companies don't collapse, as in the notorious Enron case, some executives are sent to jail, fired, or ot.....»»
Dark energy camera captures galaxies in lopsided tug of war, a prelude to merger
Galaxies grow and evolve over billions of years by absorbing nearby companions and merging with other galaxies. The early stages of this galactic growth process are showcased in a new image taken with the US Department of Energy's (DOE) Dark Energy C.....»»
Vodafone reveals strong results, appoints new CFO ahead of Three merger
New Vodafone CFO Luka Mucic is taking the rains on September 1......»»
Stellantis unit loses case as Mahindra"s Jeep copy allowed to sell in U.S.
Fiat complained the Mahindra Roxor is a “nearly identical copy” of the Jeep, with shared design elements such as “boxy body shape with flat-appearing vertical sides and rear body ending at about the same height as the hood.”.....»»
Stellantis unit official pleads guilty to felony in U.S. diesel emissions probe
The Justice Department said the guilty plea by Emanuele Palma accompanies the earlier conviction of Fiat Chrysler, now part of Stellantis, for defrauding the EPA and customers......»»
U.K. dealer group Lookers says acquisition by Global Auto unlikely to get approval
Global Auto Holdings, which is affiliated with Canada's Alpha Auto Group, aimed to buy Lookers for about $601 million, but shareholders are opposing the deal......»»
FTC rewrites rules on Big Tech mergers with aim to ease monopoly-busting
Merger rules currently stacked in favor of monopolists, critics say. Enlarge / Lina Khan, chair of the Federal Trade Commission. (credit: Bloomberg / Contributor | Bloomberg) Antitrust enforcers released a draft update o.....»»
Microsoft’s Activision Blizzard acquisition is going to take even longer
Microsoft and Activision Blizzard have agreed to move the deadline for its impending merger, narrowly avoiding yesterday's cutoff......»»
Microsoft & Activision merger deadline extended to October 18
After intense regulatory scrutiny that appears to be slowly lurching to an end, Activision and Microsoft have agreed to extend the deadline to finish the multi-billion dollar merger.In January, Activision and Microsoft announced the deal, where Micro.....»»
Microsoft and Activision extend their deal deadline
Microsoft and Activision have mutually agreed to extend their merger deadline by three months in the face of ongoing negotiations with the UK government that could allow the $69 billion acquisition to close, the two companies announced on Wednesday......»»