Hints and tips:
...The man brought in to mediate between their needs, and to hold, for now, Benko’s voting rights, while trying to shore up Signa’s finances, is the German restructuring expert Arndt Geiwitz....
...The chair of Daimler’s powerful works council, Michael Brecht, endorsed the plan, saying management had pledged “additional support” to secure jobs....
...The agreement to merge Lucid with Churchill Capital IV, one of several Spacs set up by dealmaker Michael Klein, came as little surprise....
...“We firmly believe the relationship between Renault-Nissan and hence the Alliance is broken and likely beyond the point of repair,” said Arndt Ellinghorst, lead auto analyst at Evercore ISI wrote on Monday...
...in Europe, the combined entity will face massive challenges, including finding cost savings and shrinking the number of brands, in order to be able electrify its portfolio and meet EU standards,” said Arndt...
...In the US there were 14 “billion-dollar disasters” last year including Hurricane Florence and Hurricane Michael, severe tornado storms, and a drought in the US south-west, according to a new tally from the...
...“Overall the economy in the past 18 months has been very good,” said Michael Haberman, president of Gradall Industries, an Ohio based excavator manufacturer....
...Arndt Ellinghorst, lead auto analyst at Evercore ISI, said: “The improvement PSA has achieved over the last six months is remarkable.”...
...As if the stuttering online art market needed another headache, at the well-attended fifth Art Business Conference in London on September 4 Michael Ellis, the UK’s Minister for Arts, Heritage and Tourism...
...“Buy potatoes,” Michael Lewis recounted being told in his tell-all memoir Liar’s Poker, written a few years later....
...“Relative to some of the other potential market entrants, such as Faraday, we would have greater hopes for Dyson given the company’s successes in other fields to date,” says Arndt Ellinghorst, lead automotive...
...“While PSA is a proven cost cutter, Opel’s management team remains unproven in this respect,” said Arndt Ellinghorst, analyst at Evercore ISI....
...“Month after month, Europe continues to surprise both on sales and earnings,” said Arndt Ellinghorst, head of automotive at Evercore ISI....
...Michael Fuchs, the deputy head of the CDU in the federal parliament, has been the boldest, suggesting that the state get out of VW altogether....
...“Any transaction is positive for GM . . . but we continue to question the long-term strategic benefits for PSA,” said Arndt Ellinghorst, an analyst at Evercore ISI on Sunday....
...“Given the massive overlap of the two businesses, there should be no illusion as to what will need to happen in order to make a business combination work,” said Arndt Ellinghorst, analyst at Evercore, in...
...Arndt Ellinghorst, an analyst at Evercore ISI, says the deal was about a “hard restructuring in Germany, the UK and in Spain resulting in at least 5,000 manufacturing job cuts”....
...“Markets are ignoring the sales numbers, the balance sheet strength, and the technical expertise these companies have,” says Michael Muders, portfolio manager at Union Investment....
...Citi analyst Michael Tyndall called Daimler “our top pick in the sector.”...
...Additional reporting by Jim Pickard in London and Michael Stothard in Paris...
...“VW’s diesel vehicles complied with European emission regulation with or without the cheat device,” said Arndt Ellinghorst, analyst at Evercore ISI. “What’s the basis for legal civil action in Europe?...
...Arndt Ellinghorst, an analyst at Evercore ISI, thinks GM may try to sell the pension risk to an insurance group, such as when it sold $25bn of US liabilities to Prudential....
...Arndt Ellinghorst, analyst at Evercore ISI, said VW bonuses and financial targets “are key to the turnround plan that we expect later this year”....
...• Michael Marks is joining Legal & General Investment Management as chief operating officer....
...“The scope for efficiency gains at VW is unparalleled,” says Arndt Ellinghorst, analyst at Evercore ISI. He estimates VW could save €20bn a year just by dialling back to its 2010 cost structure....
International Edition