The investment will be made through a private investment in public equity (PIPE) arrangement. Under the terms of the agreement, Polestar will issue 190,476,190 new Class A American Depositary Shares (ADS) at a price of USD 1.05 per share, resulting in total proceeds of USD 200 million. Prior to the transaction’s closing, PSD Investment plans to convert 20 million of its Class B ADS into Class A ADS to ensure its total voting power remains below...

News  Updated at: 2025/06/17

ers. (From a press release dated December 4, 2024) Textron Inc. announced that it is reviewing strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Textron has not set a definitive timetable for completion of its review of strategic alternatives and does not intend to make any further...

Major Suppliers  Updated at: 2025/06/17

Bogor, will continue uninterrupted. All current employees will remain in employment and be given the opportunity to continue working for the company under its new ownership. Mercedes-Benz will also launch a new, 100% Mercedes-Benz owned firm to support and guide the new operating partnership. This transaction includes the transfer of 100% of shares of Mercedes-Benz AG in Indonesia, with Inchcape taking a 70% stake and Indomobil taking 30%. Inchc...

OEM Plants  Updated at: 2025/06/16

pulsion solutions, for approximately USD 2.7 billion.  The acquisition, now approved by both companies' Boards of Directors, aligns with Allison's strategic priorities to expand its emerging markets footprint, enhance core technologies and deliver strong financial results.  Upon completion of the transaction, expected to be in Q4 2025, Allison will be able to offer a wider range of commercial-duty powertrain and industrial solutions to more cus...

News  Updated at: 2025/06/13

ehicles and trucks. As part of the transfer process, Hino will establish a new company as a wholly owned subsidiary of Hino and transfer the Hamura Plant to the new company. Then, Hino will transfer all shares of the new company held by Hino to Toyota for the transfer price of JPY 150 billion. This transaction is scheduled for April 1, 2026. The new representative will be Mr. Koreatsu Aoki, who was seconded from Toyota to Hino on June 10 and appo...

News  Updated at: 2025/06/11

tium Cells operates the first plant in Ohio and the second in Tennessee. On December 2, GM announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partner LG Energy Solution. While the transaction is expected to close in Q1 2025, LG Energy Solution will have immediate access to the nearly completed Lansing facility to begin the insta...

OEM Plants  Updated at: 2025/06/11

tural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors primarily for the commercial vehicle, industrial, and off-highway markets. Under the terms of the agreement, PHINIA will pay USD 47 million (SEK 452 million) for the acquisition of SEM. The transaction is expected to close in Q3 2025. PHINIA expects the acquisition to enhance PHINIA's product portfolio and strategy, enabling the company t...

News  Updated at: 2025/06/11

launch SuperDrive-enabled autonomous trucks in 2027, starting in the U.S. and then expanding operations into Europe. The merger is expected to close in the fourth quarter of 2025 following customary closing conditions, including approval by both Churchill IX shareholders and Plus shareholders. The transaction is expected to provide up to USD 300 million in proceeds to help fund Plus through the commercial launch of autonomous trucks in 2027. The...

News  Updated at: 2025/06/07

On May 19, the Volkswagen Group completed the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC, owned by Russian dealer Avilon. Upon registration of the transaction, ownership of the shares in Volkswagen Group Rus LLC and its local subsidiaries will pass from seller to buyer. The new owner takes over a...

OEM Plants  Updated at: 2025/06/06

bsidiary in Germany. Nov. 2018 Completed to sell the ePower business unit to Preh GmbH. Feb. 2022 Sold Interior Comfort Systems business unit to Lear Corporation for USD 198 million. Apr. 2022 Sold Light Duty Cables business unit to Suprajit Engineering Limited for EUR 37.7 million. With this transaction, the Company has divested the entirety of its Interior Products business segment. Nov. 2023 Completed acquisition of Skriverform AS, a c...

Major Suppliers  Updated at: 2025/06/06

., increasing its current total shareholding to 67%. Divestitures -During the second quarter of 2024, the Company inked with its partner Diniz Holding A.S. for the sale of a 45% stake in its joint venture Ototrim Panel Sanayi ve Ticaret, A.S. (Ototrim) in Turkey for an amount of EUR 45 million. The transaction was completed in October 2024. The Company maintains a 5% stake in Ototrim and expects to continue working with its partner. This business...

Major Suppliers  Updated at: 2025/06/05

nced on the Shanghai Stock Exchange (SSE) its plan for a CNY 6.5 billion capital increase in VW Anhui with VW China in equal proportion to their shareholding ratios. JAC Group and VW China will contribute CNY 1.625 billion and CNY 4.875 billion, respectively, in cash. Upon completion of the related transaction, the two parties’ respective shareholding ratios will stay unchanged at 25% and 75%. On March 21, VW China, together with its joint vent...

OEM Plants  Updated at: 2025/06/05

nologies also has acquired a minority stake in the U.S. firm XALT Energy. XALT Energy manufactures large-scale lithium ion battery cells, modules and systems for use in heavy-duty commercial vehicles. Freudenberg Sealing Technologies invested a sum in the mid-double-digit-million-euros range in the transactions, and organizational changes are accompanying the portfolio expansion. (From a press release on May 14, 2018) Freudenberg Group informed t...

Major Suppliers  Updated at: 2025/06/03

ss unit achieved the highest sales in the Company's history. Divestitures Sold small-bore piston production to Comitans Capital-The Company has transferred its activities around the small-bore piston production to Comitans Capital AG as planned. Following the sale announcement in December 2023, the transaction has now been closed after receiving approval from the regulatory authorities. This sale marks the Company’s exit from the entire pistons...

Major Suppliers  Updated at: 2025/06/03

ades under the symbol “FCAU.” Expansion of trading from Italy to the United States will give the automaker improved access to capital markets. Fiat Chrysler Automobiles (FCA) announced on October 29 that it will separate Ferrari S.p.A. from FCA. FCA will take the steps necessary to complete the transactions during 2015 and FCA expects that the Ferrari shares will be listed in the United States and Europe. The company plans to list a 10 percen...

OEM Plants  Updated at: 2025/06/02

Technologies Group into the Company on April 25, 2024. The merger is still expected to be completed in the fourth quarter of 2024. (From a press release dated April 25, 2024)-The Company has completed the merger with Vitesco Technologies Group, effective on October 1, 2024. With the closure of the transaction, the combined company will operate under the uniform corporate brand Schaeffler. Its business activities will be divided into 4 divisions:...

Major Suppliers  Updated at: 2025/06/02

business to allow the Company to focus resources on its four core product groups. 4Q, 2014 Acquired Cikautxo Borja, S.L.U, a manufacturer of heating and cooling hoses. Feb. 2015 Acquired Huayu Automotive System Co.’s share in Huayu-Cooper Standard Sealing Systems Co., Ltd. Upon closure of the transaction, the Company owns 95% of the business. Aug. 2016 .Acquired the North American automotive fuel and brake business of AMI Industries and i...

Major Suppliers  Updated at: 2025/06/02

d and Lincoln vehicle models from 21 plants in Europe and overseas. (From a press release on June 19, 2012) Brose Fahrzeugteile GmbH & Co. KG announced that it will set up a new location in Bamberg, Bavaria, Germany. The purchase agreement initially for 75,000 square meters of land was signed. This transaction includes an option to acquire more land. Current plans foresee the construction of various office and production buildings in three stages...

Major Suppliers  Updated at: 2025/06/02

its global high-performance plastic parts business to Mutares SE & Co. KGaA (Mutares). The business comprises products other than filtration and separation solutions have been transferred to Mutares on October 1, 2022. The carved-out business will operate under the new name MoldTecs. As part of the transaction, MANN+HUMMEL’s production facilities in Bad Harzburg, Sonneberg (both Germany) and Laval (France) with approximately 1,500 employees hav...

Major Suppliers  Updated at: 2025/06/02

), representing 77.04% of the issued and paid-up capital of SACL, to ABT Transport Private Limited. The total consideration value is USD 82,685,002, or approximately THB 2,995,565,998. Despite the approval dated October 27, there are uncertainties that may impact the timing of the completion of the Transaction. Therefore, the Company decided to disclose such information once the transaction is certain, which is when the Company received first con...

Major Suppliers  Updated at: 2025/05/30