You are here: / mergers

Posts

Doublestar and Kumho’s horizontal competition resolution postponed

,
Kumho

Recently, the tyre manufacturer Qingdao Doublestar received the “Commitment on Delaying the Resolution of Horizontal Competition” from the controlling shareholder Doublestar Group. Doublestar Group stated that “it is not yet ripe for solving horizontal competition through asset injection, which is not conducive to the rights and interests of Qingdao Doublestar, and there is great uncertainty”. It is reported that Doublestar Group has decided to extend the fulfilment period of the original commitment for three years to July 5, 2026. Tyrepress China learned that the Doublestar Group also mentioned that it is “looking for other solutions that are more conducive to solving horizontal competition and can promote the development of Qingdao Doublestar”.

Read more

Related news:

  1. Doublestar the only bidder left to buy Kumho
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Why Doublestar’s Kumho purchase is a good idea
  4. Doublestar shifts focus to overseas markets
/by

PSA and Fiat Chrysler merger confirmed

PSA Group and Fiat Chrysler Automobiles (FCA) have confirmed plans for a merger, with a final agreement expected in the coming weeks. Both businesses have unanimously agreed to a 50:50 merger resulting in a company that will be the fourth largest auto-maker in the world, selling more than 8.7 million vehicles each year.

Read more

Related news:

  1. Titan puts Italtractor subsidiary up for sale
  2. Nokian Tyres adds VP strategy to management team
  3. PSA acquires Opel/Vauxhall
  4. Collaborations and consolidation in global auto industry will continue in 2020
/by

Nokian Tyres adds VP strategy to management team

, ,

Timo Tervolin has been appointed as vice president, strategy and corporate development and a member of Nokian Tyres’ management team. According to the company, his responsibilities will include leading Nokian’s strategy process and strategic programmes, mergers and acquisitions, and monitoring markets and competition.

Read more

Related news:

  1. Nokian Tyres’ president resigns
  2. Nokian Tyres appoints Hille Korhonen as president and CEO
  3. Nokian Tyres’ board confirms member roles
  4. European FinTyre appoints Massimiliano Messina as CFO
/by

Titan puts Italtractor subsidiary up for sale

,

Titan International, Inc. has engaged Goldman, Sachs & Co. to advise on the sale of its Italtractor ITM S.p.A. subsidiary on 25 April 2016. The news follows the announcement that the firm had established a special committee of its board of directors to review and analyze the issues relating to the possible sale of ITM. These moves and the language of the legal disclaimers attached to the official statements announcing them suggest Italtractor is now well and truly up for sale.

Read more

Related news:

  1. Italtractor ITM for sale? Titan International is considering its options
  2. Titan International looking at potential ITM listing
  3. Titan International postpones ITM listing
  4. Titan International sells Wheels India share
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.